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Sumitomo Corporation

Sumitomo Corporation is one of the world's leading traders and distributors playing a key global role in the exchange of a wide range of goods, services and technologies among nations and cultures, operating 132 overseas offices in 73 countries. Over the years, the scope of its business has expanded from that of a trader to become investor, financier, and expediter of ideas. For financial year ended March 2004, Sumitomo Corporation had total trading transactions of 9,197 billions of yen, gross profit of 501 billions of yen and net income of 66,612 millions of yen respectively.

  

News

Asian Activities Report for December 22, 2011: Sumitomo Corporation (TYO:8053) Win Contract for a Submarine Power Cable Project in Taiwan

🕔12/22/2011 12:55:06 PM 7852

Asian Activities Report for December 22, 2011 includes: Sumitomo Corporation (TYO:8053) and J-Power Systems Corporation have been awarded a joint contract worth 31 billion yen for a submarine power cable project in Taiwan; Huaneng Power International, Inc. (HKG:0902) (SHA:600011) (NYSE:HNP) has received government approvals for its Huaneng Chongqing Liang Jiang Gas-fired Combined Cooling-Heating-Power Project; Yaskawa Electric Corporation (TYO:6506) has decided to establish a robot manufacturing subsidiary in Jiangsu Province, China, to expand the company's current robot production capacity.

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Australian Market Report of April 14, 2010: Back to Above 5000 Points Level

🕔4/14/2010 1:30:47 PM 15178

The Australian market rebounded to above 5000 points today after Wall Street gained on hope of upbeat US corporate earnings. On Wednesday, investors would look to consumer sentiment data from Wespac and Melbourne Institute. The local market fell back to below the 5000 points level on a weaker performance in Asian markets. Today Asian shares were mostly higher following the positive lead from Wall Street.

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Viterra (TSE:VT) (ASX:VTA) Sells Its ABA Interest to Sumitomo (TYO:8053)

🕔4/13/2010 4:29:14 PM 10547

Canada-based Viterra Inc. (TSE:VT) (ASX:VTA) has confirmed that it is selling its 50 per cent interest in the Australian Bulk Alliance (ABA) joint venture, a grain handling and supply chain services provider, to Japan's Sumitomo Corp (TYO:8053)for A$8.6 million.

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Galaxy Resources Limited (ASX:GXY) Ventures Into Electrolytic Manganese Dioxide (EMD) Production

🕔2/24/2010 10:50:38 AM 13786

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce positive results from a detailed Pre Feasibility Study (PFS) into downstream processing of battery grade electrolytic manganese dioxide (EMD) at its Jiangsu site in the in the Zhangjiagang Yangtze River International Chemical Industrial Park.

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Asian Markets Overview of February 16

🕔2/16/2010 1:30:19 PM 14005

Asian shares declined in thin trade on Monday. Tokyo stocks fell on the pre-weekend fall on Wall Street and monetary tightening in China, despite a slightly better than expected gross domestic product figure in fourth quarter was released yesterday. Australian stocks Monday was also lower, weighed down by some disappointing earnings reports. There is no lead from Wall Street and major Asian markets including Shanghai, Hong Kong, Taiwan and Singapore are still in holiday break on Tuesday.

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Asian Markets Overview of January 27

🕔1/27/2010 1:30:41 PM 15697

U.S. stocks closed slightly lower on Tuesday, giving up early gains boosted by consumer confidence data and strong earnings from Apple. Investors remained cautious as there were continued concerns over bank regulation plans.

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Asian Markets Overview of December 15

🕔12/15/2009 1:30:07 PM 11629

US stocks closed at 14-month highs on the news of Dubai's US$10 billion funding and a big acquisition by Exxon Mobil, which agreed to acquire XTO Energy for US$31 billion in stock.

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Asian Markets Overview of December 10

🕔12/10/2009 1:34:29 PM 12588

Asian investors continued cautious trading on Thursday amid ongoing debt jitters. Most Asian shares reversed to positive territory after some small drops at opening. Yesterday bourses across the region were hit by a series of credit rating downgrade. Japan's Nikkei fell 1.3 per cent, Hong Kong's Hang Seng Index dropped 1.4 per cent, and China's Shanghai Composite was down 1.7 per cent.

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Asian Markets Overview of November 24

🕔11/24/2009 3:46:35 PM 15766

Asian markets mostly opened higher this morning, but reversed early gains after profit taking selling. Tokyo market fell in a choppy trade despite a positive support from Wall Street. This is largely due to a stronger yen and worries over some corporate financing plans. Korean market was down as foreign investors continued to offload Seoul stocks.

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Australian Market Report of April 20: Market Sentiment Pushed Up

🕔4/20/2009 1:00:38 PM 14586

The Australian shares ended with little changes on Friday. The S&P/ASX200 index just added 1 point to 3776.7 points, while the broader All Ordinaries gained 2.5 points to 3728.1. The local market is likely to be lifted on the back of the stronger metals prices. Today Rio Tinto's Australian annual meeting will also be the market focus.

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Company Data

    Headquarters
  • 1-8-11, Harumi, Chuo-ku, Tokyo 104-8610 Japan
  • Telephone
  • +81-3-5166-5000 
  • PresidentMotoyuki Oka  Principal Sector
  • Nanotechnology 
  • Principal Industry
  • Financial Services 
  • Established
  • 1919 
  • Listed
  • 1949 
  • Sales
  • JPY 9.1 tril. (03/2004) 
  • Employees
  • 3,692 
  • Homepage
  • www.sumitomocorp.co.jp/english/index.htm

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