Sumitomo Corp (8053.T)
Wed, Aug 10 2016
* Says it plans to transfer 25 percent stake in wholly owned unit Hay Holding GmbH to Sumitomo Corp
* to get 36 billion yen ($350 million) for sale of entire stake in Indonesia copper-gold mine
* Says total consideration is $1.3 billion for Newmont's 48.5 percent economic interest in PTNNT
TOKYO, May 9 Japanese trading house Sumitomo Corp said on Monday it has cut its net profit target for the financial year to March 2018 to more than 220 billion yen ($2.05 billion) from its earlier goal of over 300 billion yen due to the prolonged commodity slump.
TOKYO, April 27 Japan's biggest steelmaker Nippon Steel & Sumitomo Metal Corp and trading firm Sumitomo Corp said on Wednesday they have renewed their 10-year contract with Britain's BP to supply oil pipes, despite a slump in oil prices.
* Sumitomo Corp Is Set To Build 5,000 Condominiums In India With Help From Local Autoparts Manufacturer Krishna Group - Nikkei