Key Developments: Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Truong Long Engineering and Auto announces share sale by SUMITOMO
Thursday, 26 Mar 2015 12:11am EDT 

Truong Long Engineering and Auto Joint Stock Co:SUMITOMO CORP has sold 764,443 shares in Truong Long Engineering and Auto from Feb. 24 to March 24, reducing stake in Truong Long Engineering and Auto to 16 pct from 25.56 pct.  Full Article

R&I places SUMITOMO CORP on rating monitor with view to downgrading
Wednesday, 25 Mar 2015 03:07am EDT 

SUMITOMO CORP:Rating and Investment Information, Inc. (R&I) put SUMITOMO CORP on rating monitor with view to downgrading.The company's current rating is "AA-".  Full Article

SUMITOMO issues dividend forecast for FY 2016
Wednesday, 25 Mar 2015 01:00am EDT 

SUMITOMO CORP:Issued mid-year and year-end dividend forecast of 25 yen per share respectively, for the FY ending March 2016.  Full Article

SUMITOMO amends consolidated full-year outlook for FY 2015
Wednesday, 25 Mar 2015 01:00am EDT 

SUMITOMO CORP:Says the company amended the consolidated full-year outlook for the FY ending March 2015.Confirmed the revenue at 8,600,000 million yen.Profit before tax decreased to a loss of 33,000 million yen from 62,000 million yen.Net income attributable to shareholders decreased to a loss of 85,000 million yen from 10,000 million yen.Earnings per share decreased to a loss of 68.13 yen from 8.02 yen.Comments that impairment loss is the main reason for the forecast.FY 2015 revenues of 8,528.75 billion yen, net income of -19.33 billion yen – Thomson Reuters I/B/E/S.  Full Article

Seven & I Holdings fully acquires Japan-based company from SUMITOMO CORP
Thursday, 12 Feb 2015 01:30am EST 

Seven & I Holdings Co Ltd:Acquires 127,801 additional shares of a Japan-based company, which is engaged in sales and import of clothes, cosmetics and general goods in Tokyo, from Sumitomo Corporation.Transaction date Feb. 12.After the transaction, Seven & I is holding 255,601 shares in the Japan-based company, and the Japan-based company became a wholly owned subsidiary of Seven & I.  Full Article

SUMITOMO CORP acquires stake in Agro Amazonia
Tuesday, 3 Feb 2015 09:00am EST 

SUMITOMO CORP and Agro Amazonia Produtos Agropecuarios Ltda:Say an agreement to have Sumitomo acquire a 65 percent share of Agro Amazonia, a distributor of farm and livestock supply (that is agrochemicals, fertilizers, seeds, veterinary products, wires, and more) located in the State of Mato Grosso.Financial terms of the deal were not disclosed.  Full Article

SUMITOMO announces spin-off to Cosmo Petroleum Gas
Thursday, 18 Dec 2014 01:00am EST 

SUMITOMO CORP:To spin off liquefied petroleum (LP) gas import and wholesale operations to Cosmo Petroleum Gas Co., Ltd. effective April 1, 2015.The succeeding company to allocate 18,236 shares to the company and SUMITOMO to receive another 1,764 shares of Cosmo Petroleum Gas from Enessance Holdings Co., Ltd. as its shareholder.To hold 20,000 shares issued by Cosmo Petroleum Gas in total.  Full Article

Sumitomo Rubber Industries Ltd to establish joint ventures with SUMITOMO CORP
Monday, 8 Dec 2014 12:00am EST 

Sumitomo Rubber Industries Ltd:To establish joint venture named Sumitomo Rubber Australia Pty. Ltd., with SUMITOMO CORP, planned in December.The joint venture will be engaged in sale of commercial tire in Australia.Says Sumitomo Rubber Industries Ltd and SUMITOMO CORP will hold a 75 pct stake and a 25 pct stake in the joint venture respectively.  Full Article

SUMITOMO revises year-end dividend forecast for FY 2015
Friday, 31 Oct 2014 01:00am EDT 

SUMITOMO CORP:Sees year-end dividend of 25 yen per share, revised from latest forecast of an undetermined value, for fiscal year ending March 2015.  Full Article

R&I affirms SUMITOMO CORP's rating at "AA-" and announces negative outlook
Monday, 29 Sep 2014 04:00am EDT 

SUMITOMO CORP:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA-".Rating outlook negative, changed from stable.  Full Article

Lundin Mining shuts Candelaria copper operation in Chile due to rain

NEW YORK, March 25 - Lundin Mining Corp has shut its Candelaria copper mining operation in Chile "as a precaution" due to heavy rains that have flooded roads and caused power outages, a spokesman said on Wednesday.

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