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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

1,634JPY
22 Sep 2017
Change (% chg)

¥10 (+0.58%)
Prev Close
¥1,625
Open
¥1,632
Day's High
¥1,637
Day's Low
¥1,622
Volume
3,645,100
Avg. Vol
3,367,621
52-wk High
¥1,637
52-wk Low
¥1,098

Latest Key Developments (Source: Significant Developments)

Sumitomo Corp seeks increase in New Zealand lumber capacity - Nikkei‍​
Friday, 25 Aug 2017 04:32pm EDT 

Aug 25 (Reuters) - Nikkei::Sumitomo Corp seeks a 60 percent increase in its New Zealand lumber capacity by the year ending in March 2020 - Nikkei‍​.Sumitomo's unit plans to spend around 7 billion yen ($64.1 million) to expand its holdings to 36,000 hectares - Nikkei‍​.  Full Article

NEC and Sumitomo Corp to sign a contract worth 19 bln yen for satellite launch project in Vietnam - Nikkei
Wednesday, 26 Jul 2017 05:51pm EDT 

July 27 (Reuters) - Nikkei-:NEC and Sumitomo Corp to sign a contract worth 19 billion yen for a satellite launch project in Vietnam - Nikkei.  Full Article

Novo signs MOU to partner with Sumitomo Corporation
Thursday, 6 Jul 2017 09:12am EDT 

July 6 (Reuters) - Novo Resources Corp ::Novo signs MOU to partner with Sumitomo Corporation to move beatons creek towards production.Novo Resources Corp - MOU to further develop company's beatons creek project in nullagine region of Western Australia.  Full Article

Sumitomo sells 61.1 pct stake in USPO Miami, LLC for $59.7 mln
Thursday, 6 Jul 2017 04:14am EDT 

July 6 (Reuters) - Sumitomo Corp <8053.T>:* Says it sold 61.1 percent stake in USPO Miami, LLC for $59.7 million on June 29 (US Eastern Time).* Says it cut voting power in USPO Miami, LLC to 38.9 percent from 100 percent .  Full Article

Sumitomo Precision Products to exit communications business - Nikkei
Monday, 19 Jun 2017 06:17pm EDT 

June 20 (Reuters) - Nikkei::Sumitomo Precision Products will withdraw from or scale back loss-making businesses, including communications - Nikkei.Sumitomo precision to cut about 50 technical workers at domestic plants & around 120 nonregular employees and other staff, over four years - Nikkei.Sumitomo precision products will partner with trading house Sumitomo Corp to expand sales outlets in the aerospace segment - nikkei.Sumitomo Precision will exit operations in sensor networks, as well as from its Chinese water-treatment equipment business - Nikkei.  Full Article

Sumitomo Corp, Brookfield Business Partners to invest in 70 pct stake in 26 project cos in Brazil
Wednesday, 10 May 2017 09:26am EDT 

May 10 (Reuters) - Sumitomo Corp <8053.T>:Sumitomo Corp - investing alongside Brookfield Business Partners in 70 pct controlling stake in 26 project cos involved in water, sewage services in Brazil.Sumitomo Corp - Sumitomo will invest approximately U.S.$250million, which represents a 14 pct stake in 26 project companies.  Full Article

Sumitomo Precision Products concludes capital business tie-up agreement with Sumitomo
Tuesday, 9 May 2017 03:19am EDT 

May 9 (Reuters) - Sumitomo Precision Products Co Ltd <6355.T>:* Says sale of shares is completed and signed business and capital alliance tie-up agreement with Sumitomo Corp <8053.T> on May 9 .* Previous news released on May 2.  Full Article

Sumitomo Precision Products plans business and capital alliance with Sumitomo
Tuesday, 2 May 2017 02:29am EDT 

May 2 (Reuters) - Sumitomo Precision Products Co Ltd <6355.T> ::* Says it plans to form a business and capital alliance with Sumitomo Corp <8053.T> , in various fields including sale of aerospace equipments and heat exchangers.* Says Sumitomo will acquire shares of co with effective date on May 9, and the collaboration is premised on completion of shares transferred .  Full Article

Sherritt and Ambatovy Joint Venture Partners reach agreement in principle
Monday, 1 May 2017 05:15pm EDT 

May 1 (Reuters) - Sherritt International Corp :Sherritt and Ambatovy Joint Venture Partners reach agreement in principle.Sherritt International Corp says Sherritt to remain as operator until at least 2024 in joint venture.Sherritt - elimination of Ambatovy JV additional partner loans, $1.4 billion at March 31, 2017, from sherritt's balance sheet with transfer of 28% interest in ambatovy.Sherritt International - revised joint venture partnership terms for sherritt to escrow about $23 million to satisfy 12% of potential future funding requirements.  Full Article

Nippon Koei to sell Tokyo-based property to Sumitomo Corp
Wednesday, 12 Apr 2017 02:11am EDT 

Nippon Koei Co Ltd <1954.T> :Says it plans to sell a Tokyo-based property (land and building) to Sumitomo Corp at an undisclosed price in July.  Full Article

Taiwanese electric scooter maker Gogoro raises $300 million

Taiwan's Gogoro said it raised $300 million from investors including Singapore's Temasek and Japan's Sumitomo Corporation, helping it further expand the market of its electric scooters with battery swapping technology in Europe.