Sumitomo Mitsui Banking Corp. and other major banks are considering skipping interim dividend payments for the fiscal first half, as the continued drop in Tokyo stock prices has dealt a severe blow to their earnings, banking sources said Thursday.

But the banks are likely to pay dividends for the full year, which ends March 31, the sources said. The banks will decide on dividend policy based on stock prices at their interim book closing at the end of this month.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.