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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rakuten to buy Soukai Drug for 8.9 bln yen
2:23am EDT 

Rakuten Inc <4755.T>: Says it plans to buy total shares outstanding of Soukai Drug Co.,Ltd for about 8.9 billion yen .Says it to buy about 94.58 percent voting rights in Tokyo-based firm Soukai Drug Co.,Ltd from Sumitomo Corp <8053.T>, for about 8.4 billion yen in December.  Full Article

Kuraray signs agreement for butadiene derivatives business
Tuesday, 13 Sep 2016 02:00am EDT 

Kuraray Co Ltd <3405.T>: Says it signed agreement with PTT Global Chemical Public Company Ltd and Sumitomo Corp <8053.T> .Says the agreement is for proceed of study on manufacturing and sales business of butadiene derivative products in Thailand.  Full Article

Competition Commission of India approves JV between Gerdau S.A, Sumitomo Corp & Japan Steel Works<5631.T><8053.T>
Tuesday, 23 Aug 2016 08:00am EDT 

Competition Commission of India: CCI approves formation of joint venture between Gerdau S.A., Sumitomo Corporation and the Japan Steel Works Ltd . Further company coverage [GGBR4.SA] [8053.T] [5631.T] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Sumitomo Corp to start selling fuel cells for commercial vehicles - NIKKEI<8053.T>
Wednesday, 10 Aug 2016 05:20pm EDT 

NIKKEI:Sumitomo Corp to start selling fuel cells for commercial vehicles through partnership with California-based manufacturer US hybrid - Nikkei.  Full Article

Musashi Seimitsu Industry to transfer 25 pct stake in Hay Holding GmbH to Sumitomo Corp
Wednesday, 10 Aug 2016 02:37am EDT 

Musashi Seimitsu Industry Ltd <7220.T>: Says it plans to transfer 25 percent stake in wholly owned unit Hay Holding GmbH to Sumitomo Corp <8053.T> .Says Hay Holding GmbH is auto parts maker, based in Germany.  Full Article

Sumitomo to transfer sunlight stand business to metalwork unit
Monday, 1 Aug 2016 01:07am EDT 

Sumitomo Corp <8053.T> :Says it plans to transfer its sunlight stand business to its wholly owned metalwork subsidiary, effective on Oct. 1.  Full Article

Sumitomo Corp: To get $350 mln for sale of stake in Indonesia copper-gold mine
Thursday, 30 Jun 2016 10:12pm EDT 

Sumitomo Corp <8053.T>: to get 36 billion yen ($350 million) for sale of entire stake in Indonesia copper-gold mine .higher copper prices and mine developments may trigger receipt of another 21 bln yen as part of Indonesia copper-gold mine sale.  Full Article

SUMITOMO CORP invests in biomass fuel manufacturing business in Brazil
Friday, 26 Feb 2016 07:00am EST 

SUMITOMO CORP:Signed a contract to acquire up to 20 percent of Cosan Biomassa S.A.Co, Cosan S.A have begun strategic collaboration for development of sugarcane pellet business through cosan biomassa.  Full Article

SUMITOMO revises consolidated full-year outlook for FY 2016
Thursday, 4 Feb 2016 11:30pm EST 

SUMITOMO CORP:Says the company revised the consolidated full-year outlook for revenue to 7,800,000 mln yen from an undetermined value, for the fiscal year ending March 31, 2016.Net profit forecast revised to 100,000 mln yen from an undetermined value.Earnings per share revised to 80.13 yen from an undetermined value.FY 2016 revenues of 8,526.49 billion yen, net income of 226.62 billion yen – Thomson Reuters I/B/E/S.  Full Article

SUMITOMO says consolidated full-year outlook for FY 2016 uncertain and affirms dividend
Wednesday, 13 Jan 2016 01:00am EST 

SUMITOMO CORP:Amended consolidated full-year outlook for FY ending March 2016 to uncertain values, due to impairment loss from a nickel project in Madagascar.Affirms year-end dividend at 25 yen per share.  Full Article

Some Japan trading houses eye resuming Iran oil imports -sources

TOKYO, Oct 19 Japanese traders including Marubeni Corp and Sumitomo Corp that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said.