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South32 Ltd Says To Acquire A 45% Interest In Sierra Gorda Copper
Sumitomo to cut coal-fired power generation exposure to 20% by 2035
Sumitomo Corp CFO: Will No Longer Invest In Shale Gas And Oil Projects
Sumitomo Corp is an integrated trading company. It operates through six business segments: Metal Products, which includes various metal products, such as steel products and non-ferrous metal products; Transportation & Construction Systems, which is engaged in transactions involving ships, aircrafts, transportation systems, motor vehicles, construction equipment, and related components and parts; Infrastructure, which is engaged in a range of overseas infrastructure development projects, such as power generation, renewable energy business and others; Media and Digital, which is engaged in cable television (TV) operations and movie business, among others; Life and Real Estate, which includes food supermarkets, healthcare-related businesses, facility and fund management, real estate business and others, and Mineral Resources and Chemical, which is engaged in the development and trading of mineral and energy resources and commodity derivative transactions.
Otemachi PLACE East Tower
Chairman of the Board
Executive President, Chief Executive Officer, Representative Director
Chief Financial Officer, Managing Executive Officer, Representative Director
Executive Officer, Director of Finance
Executive Vice President, Chief Digital Officer, Manager of Media & Digital Business Division, Representative Director
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Japanese trading house Sumitomo Corp reported a record net profit for April-September and lifted its annual forecast by 31%, as a surge in commodity prices and the resumption of nickel output at Madagascar led to a rapid earnings recovery momentum.
Japanese trading house Sumitomo Corp said on Thursday its Ambatovy project in Madagascar produced 19,000 tonnes of nickel in the April-September period and it stuck to its earlier plan of producing 40,000 tonnes of the metal for the year to March.
Sumitomo Corp shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues.
Some Sumitomo Corp shareholders, including Nordea Asset Management and Legal & General Investment Management, say they will back a resolution calling on the Japanese trading house to align its business with international targets on climate change.
Japanese trading house Sumitomo Corp is assuming under its earnings forecast for the year to March 2022 that no profits will be made from its telecommunications business in Myanmar because of political instability, an executive said on Friday.
Mitsubishi UFJ Financial Group, Japan' biggest bank, and Sumitomo Corp, one of the country's largest trading houses, are being targeted with climate resolutions from activist shareholders at their annual shareholder meetings.
Japanese trading house Sumitomo Corp on Thursday trimmed its annual loss estimate by 20% as a solid recovery in its steel and automobile businesses is seen as offsetting hefty one-off losses triggered by the COVID-19 pandemic.
Japanese trading house Sumitomo Corp has quit the shale oil business in the United States by selling its stake in a project in the Eagle Ford during the October to December quarter of 2020, a company spokesman said on Thursday.
Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday.
UK's Vodafone Group and Japanese trading house Sumitomo Corp will collaborate on international technology infrastructure and digital services projects, the companies said on Thursday, without providing further details on the alliance.
* Japanese trading house Sumitomo Corp said on Tuesday it had tied up with RWE AG for the German utility's 353-megawatt Five Estuaries offshore wind farm project in the UK, with an aim to start commercial operations in 2030.
Japanese trading house Sumitomo Corp <8053.T> has sold all its stake in the Marcellus shale gas project in the United States for a undisclosed sum, it said on Monday in a statement.
Bob Takai, a veteran in energy and commodities with Japan's Sumitomo Corp, has joined the European Energy Exchange (EEX), taking a position overseeing its activities in Japan where the bourse has started a clearing service.
Sumitomo Corp warned on Wednesday that it may miss its net profit estimate by around 100 billion yen ($919 million) due to the coronavirus crisis and falling oil prices.
Sumitomo Corp will temporarily suspend operation at its San Cristobal silver-zinc-lead mine in Bolivia and its Ambatovy nickel mine in Madagascar to prevent the spread of the coronavirus, it said on Thursday.
Japanese trading house Sumitomo Corp said on Wednesday its Ambatovy nickel plant in Madagascar was forced to shut for about two weeks in early February due to trouble at its hydrogen plant, and may miss its revised annual production target.
Japanese trading house Sumitomo Corp has agreed to buy Q-Park Nordics, the largest Nordic parking lot operator, from U.S. investment fund KKR, hoping to benefit from an acceleration towards electric vehicles.
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