Sumitomo Corporation

Equities

8053

JP3404600003

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 07:00:00 14/06/2024 BST			5-day change	1st Jan Change
4,015 ^JPY	+1.41%		-0.12%	+30.53%

06-14	Nippon Steel, Sumitomo get CCS pipe orders from QatarEnergy	RE
06-14	South Korean Shares Gain for Fourth Straight Day Over US Fed Rate Cut Optimism	MT

Semaai PTE Ltd. announced that it has received $4.7 million in funding from CyberAgent Capital Co., Ltd., Sumitomo Corporation, Ruvento Ventures Pte. Ltd., Myasia VC, LLC, and other investors

January 06, 2024

Semaai PTE Ltd. announced that it has received $4.7 million in a round of funding led by new investor, CyberAgent Capital Co., Ltd. on January 7, 2024. The transaction included participation from new investors, Sumitomo Corporation (TSE:8053), Ruvento Ventures Pte. Ltd., Myasia VC, LLC, Heracles Ventures, and several existing backers.

Latest news about Sumitomo Corporation

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
Infrastructure firm I Squared to invest $5 bln in Asia over next three years, executive says	05-23	RE
Sumitomo Makes Correction on Consolidated Financial Results Fiscal 2023	05-08	MT
Hankyu Corporation and Japan International Cooperation Agency agreed to acquire an unknown stake in Light Rail Manila Corporation from Sumitomo Corporation.	05-07	CI
Careclinics Healthcare Services Sdn. Bhd. announced that it has received funding from Sumitomo Corporation	05-06	CI
Sumitomo Plans to Repurchase and Cancel up to 50 Billion Yen Worth of Shares	05-06	MT
Sumitomo's Profit Declines 31.7% in Fiscal 2023; Books Impairment Loss of 89 Billion Yen in Final Quarter	05-06	MT
InterContinental Hotels makes first-quarter progress	05-03	AN
Sumitomo Corporation Announces Year-End Cash Dividend for the Year Ended March 31, 2024, Payable on June 24, 2024; Provides Second Quarter-End and Year-End Cash Dividend Guidance for the Year Ending March 31, 2025	05-02	CI
Sumitomo Corporation Provides Earnings Guidance for the Year Ending March 31, 2025	05-02	CI
Sumitomo Corporation announces an Equity Buyback for 19,000,000 shares, representing 1.55% for ¥50,000 million.	05-02	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

21/06/2024 - Annual General Meeting

Related indices

Nikkei 225

More about the company

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Ratings for Sumitomo Corporation

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4,015 JPY

Average target price

4,329 JPY

Spread / Average Target

+7.82%

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