Sumitomo Corporation

Equities

8053

JP3404600003

Diversified Industrial Goods Wholesale

Delayed Japan Exchange 08:39:44 2024-04-23 pm EDT 5-day change 1st Jan Change
3,859 JPY +1.50% Intraday chart for Sumitomo Corporation +2.09% +25.16%

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Japan's Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports RE
Sharing Energy Co., Ltd. announced that it has received ¥9.59 billion in funding from a group of investors CI
Bioinsumos Nativa SpA announced that it expects to receive funding from Sumitomo Corporation CI
Japanese consortium to invest $370 mln in I Squared Capital's India natural gas platform 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 CI
Sumitomo to book Y35 billion provision in 2023/2024 for losses at Myanmar unit 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 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 CI
NEC Corporation and Sumitomo Corporation Sign Strategic Partnership Agreement to Expand Global Sales of the CropScope Agricultural ICT Platform CI
Reservoir Link Energy to Form Solar Power JV With Japan's Sumitomo, Two Others MT
Minehub Technologies Inc. Announces Expansion of Partnership with Sumitomo Corporation to Integrate Refined Copper Business CI
CMA asks for comments on Pennon purchase of SES Water AN
Indonesia's MIND ID, Vale Canada, Sumitomo agree sale of 14% stake in Vale Indonesia RE
Buffett ups his holdings of Japanese trading houses to about 9% RE
Warren Buffett says Berkshire 'built to last' though eye-popping gains are over RE
Bria AI announced that it has received $24 million in funding from a group of investors CI
Factbox-Asia's sustainable aviation fuel projects and agreements RE
Asia's sustainable aviation fuel projects and agreements RE
Sensos announced that it has received $20 million in funding from Magenta Venture Partners, JAL Ventures Ltd., Sumitomo Corporation CI
Sumitomo’s Profit Down 13% in Fiscal Q1-Q3 MT
Sumitomo cuts nickel output forecast in Madagascar due to system glitches RE
Sumitomo Corporation Reports Earnings Results for the Nine Months Ended December 31, 2023 CI
Aviation lessor settlements with Russia over trapped planes RE
Lessor SMBC criticises planemakers for over-promising, under-delivering RE
SMBC Aviation, CDPQ to form $1.5 bln aircraft lessor as demand takes off RE
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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%).
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Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
3,802 JPY
Average target price
3,856 JPY
Spread / Average Target
+1.42%
Consensus
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  5. Sumitomo Returns to Profit in Fiscal FY21, Forecasts Lower FY22 Earnings, Dividend