Sumitomo Corporation

Equities

8053

JP3404600003

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-24 am EDT			5-day change	1st Jan Change
3,920 ^JPY	+3.10%		+3.95%	+27.44%

Apr. 23	Japan's Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports	RE
Apr. 18	Sharing Energy Co., Ltd. announced that it has received ¥9.59 billion in funding from a group of investors	CI

Sumitomo Corporation acquired unknown stake of Nileworks Inc. from INCJ, Ltd.

January 22, 2023

Sumitomo Corporation (TSE:8053) acquired unknown stake of Nileworks Inc. from INCJ, Ltd. on January 23, 2023.

Sumitomo Corporation (TSE:8053) completed the acquisition of unknown stake of Nileworks Inc. from INCJ, Ltd. on January 23, 2023.

Latest news about Sumitomo Corporation

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
CMA asks for comments on Pennon purchase of SES Water	Feb. 27	AN
Indonesia's MIND ID, Vale Canada, Sumitomo agree sale of 14% stake in Vale Indonesia	Feb. 26	RE
Buffett ups his holdings of Japanese trading houses to about 9%	Feb. 25	RE
Warren Buffett says Berkshire 'built to last' though eye-popping gains are over	Feb. 24	RE
Bria AI announced that it has received $24 million in funding from a group of investors	Feb. 20	CI
Factbox-Asia's sustainable aviation fuel projects and agreements	Feb. 19	RE
Asia's sustainable aviation fuel projects and agreements	Feb. 19	RE
Sensos announced that it has received $20 million in funding from Magenta Venture Partners, JAL Ventures Ltd., Sumitomo Corporation	Feb. 06	CI
Sumitomo’s Profit Down 13% in Fiscal Q1-Q3	Feb. 05	MT
Sumitomo cuts nickel output forecast in Madagascar due to system glitches	Feb. 05	RE
Sumitomo Corporation Reports Earnings Results for the Nine Months Ended December 31, 2023	Feb. 05	CI
Aviation lessor settlements with Russia over trapped planes	Jan. 31	RE
Lessor SMBC criticises planemakers for over-promising, under-delivering	Jan. 29	RE
SMBC Aviation, CDPQ to form $1.5 bln aircraft lessor as demand takes off	Jan. 29	RE

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

2024-05-01 - Q4 2024 Earnings Release

Related indices

Nikkei 225

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Ratings for Sumitomo Corporation

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3,920 JPY

Average target price

3,856 JPY

Spread / Average Target

-1.63%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

Sector Diversified Industrial Goods Wholesale

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Diversified Industrial Goods Wholesale