Japan's Sumitomo Corp net profit down 32%, misses estimates

TOKYO (Reuters) - Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates.

A LSEG poll of analysts had forecast Sumitomo's net profit for the fiscal year at 504.9 billion yen. Sumitomo said its net profit for the year ending in March 2025 is forecast at 530 billion yen.

($1 = 155.8700 yen)

(Reporting by Katya Golubkova; Editing by Kim Coghill)