BNET Industries
Last Fiscal Year Sales:$22.6B
- Public
- JP
Dow Jones Description
When goods go over the oceans, Sumitomo carries them. Founded in 1919 and headquartered in Tokyo, Japan, Sumitomo Corporation (Pink Sheets: SSUMF; Tokyo: 8053) is a general trading company. The company imports and exports a wide range of goods, like metals, machinery, electronics, fuels, chemicals, textiles, and food. It also services and invests in metals, transportation and construction systems, machinery and electricity, media, electronics, chemicals, minerals, real estate, finance, and logistics. The company has annual revenue of about $19.1 billion and employs about 40,000 people. In 2005, it acquired TCB Corporation.
Number of Employees 51,700
Contact Information
Harumi Island Triton Square
1 8-11 Harumi 1-Chome Chuo-Ku
Tokyo 104 8610
(81) 3 5166 3522
Peer Companies
NAICS Code All Other Business Support Services: 561499
Recent Events
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Reportlinker Adds Organic Electronics - A Global Market Perspective
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Asian Stocks Rebound as Dubai Jitters Fade
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Newmont and Sumitomo Enter into an Agreement to Sell an Additional 14% Share Sale of...
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Sumitomo Corp First Half Group Net Profit Y62.1 Billion Vs Y160.3 Billion
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Sepracor CEO in line for $11M golden handshake
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Nissan to launch joint venture with Sumitomo Corp. for recycling of electric car batteries
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Nissan to launch joint venture with Sumitomo Corp. for recycling of electric car batteries
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Sumitomo Corp Contracts with Saudi Aramco for Communication Package in Manifa Crude Increment Project
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Japan Hot Stocks-Sumitomo Corp, Haseko, Yoshimoto Kogyo, Ebara
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English E-Learning Leader, Eleutian Technology, Partners With Sumitomo Corporation to Develop Service in Japan
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California Bill AB 496 pulled from Senate Committee agenda
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Grainger to acquire majority ownership in Japanese MRO distributor
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Top 10 industry issues
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Grainger to acquire majority ownership in Japanese MRO distributor
News & Analysis
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bank and sumitomo corp. - All News and Analysis
Japan's Sumitomo bank set to invest in Barclays: report
- 2008-06-19
TOKYO AFP — Japan's Sumitomo Mitsui Banking Corp. is close to a deal to invest 100 billion yen (930 million dollars) in the British bank Barclays, which has been hit by the credit crisis, a report said Friday. The two banks are in the final stages of negotiations and...
Japan's major banks to suffer sharp profit fall: report
- 2008-04-05
TOKYO AFP — Combined net profit at Japan's six major banks is estimated to have dropped more than 40 percent for the year to March 2008, weighed down by losses related to US subprime mortgages, a daily said Saturday. The six banks are Mitsubishi UFJ Financial Group Inc., Mizuho...
New Report Covers Various Aspects of the Rapidly Changing Japanese Financial Services Industry
- 2007-09-21
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c68957) has announced the addition of Market Analysis - Emergence of the Japanese Financial Services Industry to their offering. Japan's financial system has faced several critical moments in the recent past. The failure of a number of large banks and securities companies is...
Surprise fall in output dampens talk of Japan rate rise
- 2006-08-30
TOKYO AFP — Japanese plants and factories cut their output unexpectedly in July, the government said, dousing market speculation of another rise in local interest rates any time soon. Industrial production dropped by 0.9 percent from June, the trade ministry said, jolting the yen which struck a new record low...
Japanese and Brazilian banks tie up to cut greenhouse gases
- 2006-08-02
TOKYO AFP — Japan's Sumitomo Mitsui Bank will tie up with the Bank of Brazil to secure credits for Japanese firms in cutting greenhouse gases under the Kyoto Protocol. Sumitomo Mitsui's Brazilian subsidiary and Brazil's central bank plan to jointly finance Brazilian environmental projects in which Japanese firms would...
Japanese banks toast bumper year as bad debts shrink
- 2006-05-23
TOKYO AFP — Japan's six top banks racked up bumper profits of 3.12 trillion yen (28.0 billion dollars) in the financial year to March after finally snapping out of their long bad debts crisis. That is more than four times their combined earnings in the previous financial year, when...
Banks firm favourites to tap into growth.
- 2005-12-13
Byline: Greg Earl Dec 13, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Japanese banking stocks have regained the support of fund managers. The sector's consolidation, following...
Veteran banker to oversee break up of one-time foe Japan Post
- 2005-11-15
TOKYO, AFP — For years Japan Post has been a thorn in the side of veteran bankers like Yoshifumi Nishikawa, offering subsidized rates that have lured savers away from the private sector. Now, in an ironic twist, the former president of Sumitomo Mitsui Banking Corp, Japan's third-largest banking group,...
Who scores a spot on Asia's ten of the best?
- 2005-08-30
WITH A MARKET CAP OF OVER $56 billion, the Mitsubishi Tokyo Financial Group, created by the merger of Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking and Nippon Trust Bank, leads the region as the largest Asian-originating bank, according to Bloomberg News. The Japan-based group, a stalwart of Asia's largest...
Japan's Sumitomo Trust Bank Installs IPC VoIP Trading System on London and Tokyo Trading Floors
- 2005-06-06
LONDON & TOKYO -- IPC Information Systems, LLC, a leading provider of mission-critical communication solutions for global enterprises, today announced that Japan's leading trust bank Sumitomo Trust Banking Co., Ltd., has installed IPC's Voice-over Internet Protocol VoIP IQMX trading system on its London and Tokyo trading floors.
| Volume | 0 |
| Shares Outstanding | 0. |
| Market Cap | 0. |
| Year High | 10.3380 |
| Year Low | 8.050 |
| Earnings Per Share | 0.00 |
| P/E Ratio | N/A |
| Dividend | 0.00 |
| Yield | 0.00 |
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