Sumitomo Corporation

Equities

8053

JP3404600003

Diversified Industrial Goods Wholesale

Delayed Japan Exchange Other stock markets 03:30:00 05/07/2024 BST			5-day change	1st Jan Change
4,128 ^JPY	0.00%		+2.76%	+34.20%

07-03	Nippon Steel, Sumitomo renew long-term contract with Equinor to supply pipes	RE
07-03	Japanese Stocks Extend Winning Streak on US Fed Chair's Inflation Comments	MT

SC Airbag Holdings Co. Ltd. agreed to acquire 82.84% stake in Sumisho Airbag Systems Co., Ltd. from Sumitomo Corporation.

June 27, 2024

SC Airbag Holdings Co. Ltd. agreed to acquire 82.84% stake in Sumisho Airbag Systems Co., Ltd. from Sumitomo Corporation (TSE:8053) on June 28, 2024.

The transaction is subject to various legal approvals. The transaction is expected to complete in early November.

Latest news about Sumitomo Corporation

Nippon Steel, Sumitomo renew long-term contract with Equinor to supply pipes	07-03	RE
Japanese Stocks Extend Winning Streak on US Fed Chair's Inflation Comments	07-03	MT
Sumitomo Files for Singapore Listing of $1.0 Billion Bonds	07-03	MT
SC Airbag Holdings Co. Ltd. agreed to acquire 82.84% stake in Sumisho Airbag Systems Co., Ltd. from Sumitomo Corporation.	06-27	CI
Japanese Stocks Slide on Currency Intervention Concerns Amid Yen's 38-Year Low	06-27	MT
S&P Assigns A- Issue Rating to Sumitomo's 2029, 2034 Eurobonds	06-27	MT
Sumitomo Corporation (TSE : 8053) acquired Naturevo Srl	06-20	CI
Sumitomo Corporation acquired Compumed Services Sdn. Bhd.	06-18	CI
Tranche Update on Sumitomo Corporation's Equity Buyback Plan announced on May 2, 2024.	06-18	CI
Sumitomo Corporation's Equity Buyback announced on May 2, 2024, has closed with 12,288,300 shares, representing 1.01% for ¥49,999.65 million.	06-16	CI
Nippon Steel, Sumitomo get CCS pipe orders from QatarEnergy	06-14	RE
South Korean Shares Gain for Fourth Straight Day Over US Fed Rate Cut Optimism	06-14	MT
GS Caltex to Provide Cosmetics Material to Sumitomo Affiliate	06-14	MT
Sumitomo Corporation completed the acquisition of an unknown minority stake in EPSILON COMPOSITE SA.	06-11	CI
Multibillion-euro court battle over stranded Russian jets begins in Dublin	06-11	RE
Sumitomo Corporation of Americas Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc	06-10	CI
Tivan Signs Agreement with Sumitomo for Speewah Fluorite Project Development; Shares Up 13%	06-07	MT
Sumitomo aims to install 500 MW battery storage in Japan by early 2031	06-05	RE
Elliott rebuilds stake in SoftBank and pushes for $15 bln buyback, FT reports	06-05	RE
Duskin's Repurchases 239 Million Yen worth of Shares in May	06-03	MT
Sumitomo Buys Back Over 23 Billion Yen Worth of Shares in May	06-03	MT
Irish court case on Russia jet insurance claims to begin on June 11	05-30	RE
Iws Fleet As announced that it expects to receive ?60 million in funding from Sumitomo Corporation	05-26	CI
Sumitomo Enters Carbon-Capture JV in Canada	05-23	DJ
Reconciliation Energy Transition Inc. and Sumitomo Corporation Group Sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project	05-23	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

30/07/2024 - Q1 2024 Earnings Release (Projected)

Related indices

Nikkei 225

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Ratings for Sumitomo Corporation

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,128 JPY

Average target price

4,364 JPY

Spread / Average Target

+5.72%

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