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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

1,658JPY
21 Nov 2017
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3,692,284
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¥1,798
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¥1,298

Latest Key Developments (Source: Significant Developments)

Sawai Pharmaceutical to sell 20 pct stake in SAWAI AMERICA for $211 mln
Monday, 13 Nov 2017 01:15am EST 

Nov 13(Reuters) - Sawai Pharmaceutical Co Ltd <4555.T>:Says it plans to sell 20 percent stake in a wholly owned U.S.-based unit SAWAI AMERICA INC to Sumitomo Corporation of Americas, a wholly owned unit of SUMITOMO CORPORATION <<<8053.T>>>, for $211 million (23.2 billion yen).Transaction will be completed as of the end of March 2018.  Full Article

SCSK to sell all stake in unit QUO CARD for 22.5 bln yen
Monday, 30 Oct 2017 02:14am EDT 

Oct 30 (Reuters) - SCSK Corp <9719.T>:Says it plans to sell all stake in wholly owned unit QUO CARD Co., Ltd. to T-Gaia Corporation <<<3738.T>>> on Dec. 1, for 22.5 billion yen.  Full Article

SCSK to retire treasury shares
Monday, 30 Oct 2017 02:07am EDT 

Oct 30 (Reuters) - SCSK Corp <9719.T>:Says it plans to retire 3.8 million shares (3.5 percent of outstanding) of its common stock on Nov. 30.Says the total shares outstanding 104.2 million shares after the retirement.  Full Article

R&I affirms Sumitomo's rating at "A+" and announces stable outlook – R&I
Wednesday, 25 Oct 2017 03:00am EDT 

Oct 25(Reuters) - Sumitomo Corp <8053.T>:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" – R&I.Rating outlook stable– R&I.  Full Article

SUMITOMO MAKES STRATEGIC INVESTMENT IN PIEDMONT ANIMAL HEALTH
Tuesday, 3 Oct 2017 10:22am EDT 

Oct 3 (Reuters) - Sumitomo Corp <8053.T>::SUMITOMO CORPORATION MAKES STRATEGIC INVESTMENT IN PIEDMONT ANIMAL HEALTH.SUMITOMO CORP - ‍LIFE SCIENCE DIVISION OF SUMITOMO CORP, PIEDMONT ANIMAL HEALTH ANNOUNCE THAT SUMITOMO MADE A STRATEGIC EQUITY INVESTMENT IN PIEDMONT​.SUMITOMO - COMPANIES WILL EXPAND EXISTING U.S.-JAPAN TECHNOLOGY COLLABORATION AGREEMENT TO INCLUDE ASIA AND OTHER SPECIFIC COUNTRIES OUTSIDE OF JAPAN.  Full Article

Sumitomo Corp seeks increase in New Zealand lumber capacity - Nikkei‍​
Friday, 25 Aug 2017 04:32pm EDT 

Aug 25 (Reuters) - Nikkei::Sumitomo Corp seeks a 60 percent increase in its New Zealand lumber capacity by the year ending in March 2020 - Nikkei‍​.Sumitomo's unit plans to spend around 7 billion yen ($64.1 million) to expand its holdings to 36,000 hectares - Nikkei‍​.  Full Article

NEC and Sumitomo Corp to sign a contract worth 19 bln yen for satellite launch project in Vietnam - Nikkei
Wednesday, 26 Jul 2017 05:51pm EDT 

July 27 (Reuters) - Nikkei-:NEC and Sumitomo Corp to sign a contract worth 19 billion yen for a satellite launch project in Vietnam - Nikkei.  Full Article

Novo signs MOU to partner with Sumitomo Corporation
Thursday, 6 Jul 2017 09:12am EDT 

July 6 (Reuters) - Novo Resources Corp ::Novo signs MOU to partner with Sumitomo Corporation to move beatons creek towards production.Novo Resources Corp - MOU to further develop company's beatons creek project in nullagine region of Western Australia.  Full Article

Sumitomo sells 61.1 pct stake in USPO Miami, LLC for $59.7 mln
Thursday, 6 Jul 2017 04:14am EDT 

July 6 (Reuters) - Sumitomo Corp <8053.T>:* Says it sold 61.1 percent stake in USPO Miami, LLC for $59.7 million on June 29 (US Eastern Time).* Says it cut voting power in USPO Miami, LLC to 38.9 percent from 100 percent .  Full Article

Sumitomo Precision Products to exit communications business - Nikkei
Monday, 19 Jun 2017 06:17pm EDT 

June 20 (Reuters) - Nikkei::Sumitomo Precision Products will withdraw from or scale back loss-making businesses, including communications - Nikkei.Sumitomo precision to cut about 50 technical workers at domestic plants & around 120 nonregular employees and other staff, over four years - Nikkei.Sumitomo precision products will partner with trading house Sumitomo Corp to expand sales outlets in the aerospace segment - nikkei.Sumitomo Precision will exit operations in sensor networks, as well as from its Chinese water-treatment equipment business - Nikkei.  Full Article

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Mitsubishi, Sumitomo raise profit forecasts on strong coal prices

TOKYO Japanese trading houses Mitsubishi Corp and Sumitomo Corp on Monday lifted their net profit estimates for the current financial year by as much as 22 percent, spurred by higher prices of commodities such as coking coal.