Sumitomo Corporation

Equities

8053

JP3404600003

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-15 am EDT			5-day change	1st Jan Change
4,155 ^JPY	+0.27%		-0.60%	+35.08%

May. 08	Sumitomo Makes Correction on Consolidated Financial Results Fiscal 2023	MT
May. 08	Hankyu Corporation and Japan International Cooperation Agency agreed to acquire an unknown stake in Light Rail Manila Corporation from Sumitomo Corporation.	CI

Sumitomo Corporation Provides Consolidated Earnings Guidance for Fiscal Years 2022 and 2023

May 06, 2021 at 06:17 pm EDT

Sumitomo Corporation provided consolidated earnings guidance for fiscal years 2022 and 2023. For the year 2022, the company expects consolidated net income of JPY 260.0 billion. For the year 2023, the company expects consolidated net income of JPY 300.0 billion or more, aiming for a record high level of profits.

Latest news about Sumitomo Corporation

Sumitomo Makes Correction on Consolidated Financial Results Fiscal 2023	May. 08	MT
Hankyu Corporation and Japan International Cooperation Agency agreed to acquire an unknown stake in Light Rail Manila Corporation from Sumitomo Corporation.	May. 07	CI
Careclinics Healthcare Services Sdn. Bhd. announced that it has received funding from Sumitomo Corporation	May. 06	CI
Sumitomo Plans to Repurchase and Cancel up to 50 Billion Yen Worth of Shares	May. 06	MT
Sumitomo's Profit Declines 31.7% in Fiscal 2023; Books Impairment Loss of 89 Billion Yen in Final Quarter	May. 06	MT
InterContinental Hotels makes first-quarter progress	May. 03	AN
Sumitomo Corporation announces an Equity Buyback for 19,000,000 shares, representing 1.55% for ¥50,000 million.	May. 02	CI
Sumitomo Corporation authorizes a Buyback Plan.	May. 01	CI
Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus	Apr. 30	RE
Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus	Apr. 29	RE
Activist investor Elliott buys stake in Japan's Sumitomo, source says	Apr. 29	RE
Sumitomo Corporation, Sumitomo Mitsui Finance and Leasing Co., Ltd. and Gogoro Inc. to Explore First of Its Kind Partnership to Accelerate Gogoro's Global Business Expansion	Apr. 29	CI
Elliott has built 'large' stake in Sumitomo, Bloomberg reports	Apr. 28	RE
ELLIOTT SAID TO BUILD 'LARGE' STAKE IN BUFFETT-FAVORED SUMITOMO…	Apr. 28	RE
Japan's Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports	Apr. 23	RE
Sharing Energy Co., Ltd. announced that it has received ¥9.59 billion in funding from a group of investors	Apr. 17	CI
Bioinsumos Nativa SpA announced that it expects to receive funding from Sumitomo Corporation	Apr. 17	CI
Japanese consortium to invest $370 mln in I Squared Capital's India natural gas platform	Apr. 15	RE
Natural Gas Transition Platform announced that it expects to receive $370 million in funding from I Squared Capital Advisors, LLC, Osaka Gas Co., Ltd., Sumitomo Corporation, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development	Apr. 14	CI
Sumitomo to book Y35 billion provision in 2023/2024 for losses at Myanmar unit	Apr. 10	RE
Ag&P Lng Marketing Pte. Ltd. announced that it expects to receive $370 million in funding from Osaka Gas Singapore Pte. Ltd., Sumitomo Corporation, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development	Apr. 07	CI
American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services, LLC to Explore Ammonia as Marine Fuel in the US West Coast	Mar. 29	CI
NEC Corporation and Sumitomo Corporation Sign Strategic Partnership Agreement to Expand Global Sales of the CropScope Agricultural ICT Platform	Mar. 28	CI
Reservoir Link Energy to Form Solar Power JV With Japan's Sumitomo, Two Others	Mar. 26	MT
Minehub Technologies Inc. Announces Expansion of Partnership with Sumitomo Corporation to Integrate Refined Copper Business	Mar. 19	CI

Chart Sumitomo Corporation

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Company Profile

Sumitomo Corporation is a diversified group organized around 7 areas of activity: - retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business; - trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.; - trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.; - distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.; - telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services; - development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services; - other (0.1%).

Sector

Diversified Industrial Goods Wholesale

Calendar

2024-06-20 - Shareholders Meeting

Related indices

Nikkei 225

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Ratings for Sumitomo Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,144 JPY

Average target price

4,131 JPY

Spread / Average Target

-0.31%

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Company calendar

Sector Diversified Industrial Goods Wholesale

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Diversified Industrial Goods Wholesale