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Sumitomo Corp

8053.T

Latest Trade

1,734.00JPY

Change

-19.50(-1.11%)

Volume

4,270,800

Today's Range

1,724.00

 - 

1,755.50

52 Week Range

1,375.50

 - 

1,778.00

As of on the Tokyo Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
1,753.50
Open
1,725.50
Volume
4,270,800
3M AVG Volume
63.22
Today's High
1,755.50
Today's Low
1,724.00
52 Week High
1,778.00
52 Week Low
1,375.50
Shares Out (MIL)
1,249.89
Market Cap (MIL)
2,202,472.00
Forward P/E
6.27
Dividend (Yield %)
4.55

Next Event

Q3 2022 Sumitomo Corp Earnings Release

Latest Developments

More

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

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About Sumitomo Corp

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.

Industry

Communications Services

Contact Info

Otemachi PLACE East Tower

2-3-2, Ote-machi

CHIYODA-KU, TKY

100-8601

Japan

+81.3.62855000

https://www.sumitomocorp.com/

Executive Leadership

Kuniharu Nakamura

Chairman of the Board

Masayuki Hyodo

Executive President, Chief Executive Officer, Representative Director

Masaru Shiomi

Chief Financial Officer, Managing Executive Officer, Representative Director

Yoshinori Mukaida

Executive Officer, Director of Finance

Toshikazu Nambu

Executive Vice President, Chief Digital Officer, Manager of Media & Digital Business Division, Representative Director

Key Stats

2.46 mean rating - 13 analysts
Sell
Hold
Buy
Revenue (MM, JPY)

2019

5.3K

2020

5.3K

2021

4.6K

2022(E)

6.1K
EPS (JPY)

2019

256.680

2020

137.180

2021

-122.420

2022(E)

301.345
Price To Earnings (TTM)
14.87
Price To Sales (TTM)
0.44
Price To Book (MRQ)
0.80
Price To Cash Flow (TTM)
6.44
Total Debt To Equity (MRQ)
126.76
LT Debt To Equity (MRQ)
102.41
Return on Investment (TTM)
2.96
Return on Equity (TTM)
2.07

Latest News

Latest News

UPDATE 1-Sumitomo notches record profit on higher commodity prices, ups annual outlook

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.

Sumitomo says Madagascar's Ambatovy produced 19,000 T of nickel in H1

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 shareholders reject climate change resolution

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 shareholders back resolution on climate change

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.

Sumitomo forecasts no profit from Myanmar telecom business in 2021/22

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.

MUFG, Sumitomo face climate votes at AGMs as activism grows in Japan

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.

Sumitomo trims annual loss forecast despite one-off charges

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.

Sumitomo quits U.S. shale oil with sale of Eagle Ford stake

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.

Sumitomo Corp to stop investing in new oil development projects-Nikkei

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.

Vodafone strikes technology infrastructure deal with Sumitomo

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.

Sumitomo ties up with German utility RWE for UK wind farm project

* 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.

Japan's Sumitomo sells all of its stake in U.S. Marcellus shale gas project

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.

MOVES-Sumitomo veteran Bob Takai moves to European Energy Exchange

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.

Japan's Sumitomo warns pandemic, oil price fall to hit profit

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 to halt operations at mines in Bolivia, Madagascar to prevent coronavirus spread

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.

Sumitomo says Ambatovy nickel plant shut for 2 weeks in February

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.

Sumitomo buys Nordic parking lot operator Q-Park from KKR

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.

EU mergers and takeovers (Jan 31)

The following are mergers under review by the European Commission and a brief guide to the EU merger process:

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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