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Air Lease: Fitch cuts outlook to negative after announced takeover

Fitch affirms Air Lease’s long-term rating at 'BBB' but lowers the outlook to negative following the announced USD 7.4 billion takeover by a consortium led by Sumitomo Corporation. SMBC Aviation Capital will take over the existing orderbook and become the primary servicer for large parts of the portfolio; Fitch says this creates uncertainty around the company’s future business profile and warns of a possible downgrade within 18–24 months. At the same time, the agency highlights Air Lease’s strengths, including liquid, high-quality assets and the expected benefits from ties to Sumitomo/SMBC. » More on de.investing.com

Historical dividends Dividends

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In 2026, SUMITOMO CORP. SP. ADR 1 has already paid €0.11 in dividends. The last payout was in June.

Financials

In the last quarter, SUMITOMO CORP. SP. ADR 1 had revenue of €10.64bn and net profit of €1.04bn

(EUR)	June 2026	YoY
Revenue	10.64bn	0.87%
Gross profit	2.13bn	0.66%
Net profit	1.04bn	2.92%
EBITDA	882.4m	2.80%

Fundamentals

Metric	Value
Market capitalization	€46.89bn
Number of shares	4.84bn
52-week high/low	€11.13 - €6.38
Dividend yield	2.28%
Dividends TTM	€0.20
Beta	0.64
P/E ratio	13.05
PEG ratio	3.79
P/B ratio	1.70
P/S ratio	1.07

Company profile

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts. It is also involved in the development of renewable energy projects comprising power generation and power plant engineering, procurement, and construction activities; electricity retail; industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses; development and operation of industrial parks; arranging insurance; and provision of logistics services. In addition, the company engages in the cable television, 5G related technologies, programming distribution, movies, digital media and video content, TV shopping, and e-commerce businesses; cell phone, ICT platform, digital solution, and venture capital businesses; provision of smart communications infrastructure; operation of food supermarkets and drugstore chains; trade of cement and building materials; and real estate businesses. Further, it develops and trades in coal, iron ore, manganese, uranium, non-ferrous and precious metals, petroleum, natural gas and liquefied natural gas, and commodity derivative transactions; trades in non-ferrous metal products, liquefied petroleum gas, storage batteries, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticides, fertilizers, and veterinary drugs; engages in the investing activities; and provides electronics manufacturing services. The company was incorporated in 1919 and is headquartered in Tokyo, Japan.