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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Sumitomo to buy stake in Bhushan Steel
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Carrizo to sell portion of Barnett Shale acreage to Japan's Sumitomo
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Copper firms ahead of raft of U.S., European data
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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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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
News & Analysis
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sumitomo corp. and yen - All News and Analysis
Kyodo news summary -9-.
- 2004-11-29
TOKYO, Nov. 25 Kyodo ---------- Drugmakers Dainippon, Sumitomo to merge in Oct. 2005 OSAKA - Dainippon Pharmaceutical Co. and Sumitomo Pharmaceuticals Co. said Thursday they have reached a basic agreement to merge next Oct. 1, creating Japan's seventh-largest pharmaceutical maker in terms...
LEAD: Sumitomo Trust net profit rises on contained bad-loan costs.
- 2004-11-24
TOKYO, Nov. 24 Kyodo (EDS: UPDATING WITH MORE INFO) Sumitomo Trust & Banking Co. reported on Wednesday a group net profit of 48.79 billion yen in the first half of the current business year, up 19.1 percent from a year earlier, as it...
Sumitomo raises earnings estimates.(Asia/Pacific)(Sumitomo Chemical Company Ltd.)(Brief Article)
- 2004-10-13
Sumitomo Chemical has revised its net profits projection for its fiscal first half, ended September 30, to [yen] 15 billion ($136 million), from [yen] 10 billion. The company also raised its sales forecast from [yen] 290 billion, to [yen] 310 billion. Sumitomo posted net profits of...
Tokyo high court clears way for UFJ, MTFG merger
- 2004-08-11
TOKYO AFP ? A Japanese court cleared the way for an expected merger between UFJ Holdings and the Mitsubishi Tokyo Financial Group MTFG that would create the world's biggest bank. In the latest legal twist in the battle for control of UFJ, the Tokyo High Court struck down an...
Japan's UFJ, MTFG to begin merger talks to create world's largest bank
- 2004-07-14
TOKYO AFP ? Japan's UFJ Holdings, struggling under a mountain of non-performing loans, proposed a merger with Mitsubishi Tokyo Financial Group, a deal which could create the world's largest bank. UFJ, the smallest of the big four Japanese banks, made the proposal late Wednesday when top officials of the...
Sumitomo Life solvency margin ratio falls in FY 2002.
- 2003-06-02
TOKYO, May 30 Kyodo Sumitomo Life Insurance Co. said Friday its solvency margin ratio, a key gauge of an insurer's ability to pay out policy obligations, stood at 497.9% as of March 31, down from 534.5% a year earlier, due largely to appraisal losses on...
Sumitomo Mitsui Financial posts group net loss of 465 bil. yen.
- 2003-05-27
TOKYO, May 26 Kyodo Sumitomo Mitsui Financial Group Inc. said Monday it incurred a group net loss of 465.36 billion yen in the year to March 31 due largely to heavy loan-loss charges and stock appraisal losses resulting from the slump in the stock market....
Top Japanese Banks Report Collective Losses of 3.7 Trillion Yen in 2002.
- 2003-04-14
Kyodo News International, Tokyo Knight Ridder/Tribune Business News Apr. 14--TOKYO--All of Japan's seven major banking groups fell into the red in fiscal 2002, with their consolidated net losses totaling 3,668 billion yen, due to the stock market slump and aggressive disposal of...
Mitsui Sumitomo Insurance boosts midyear group profit.
- 2002-12-09
TOKYO, Dec. 3 Kyodo Mitsui Sumitomo Insurance Co. said Tuesday it chalked up a consolidated net profit of 29.50 billion yen in the April-September first half of fiscal 2002, up a sharp 235.9% from a year earlier. The profit increase reflects a 2.8%...
Sumitomo acquires Takeda's pesticides business. (Business & Finance News).(Brief Article)
- 2002-08-07
Sumitomo Chemical has agreed to acquire a majority stake in Takeda Chemical Industries' pesticides operation, and says it will later assume full ownership of the business. Analysts estimate the total purchase price at [yen]30 billion-[yen]50 billion ($259 million-$431 million). The deal is subject to antitrust approval....
| 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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