Sumitomo Corporation

8053

JP3404600003

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-17 EDT			5-day change	1st Jan Change
4,109 ^JPY	-0.53%		-3.16%	+33.58%

05-08	Sumitomo Makes Correction on Consolidated Financial Results Fiscal 2023	MT
05-08	Hankyu Corporation and Japan International Cooperation Agency agreed to acquire an unknown stake in Light Rail Manila Corporation from Sumitomo Corporation.	CI

Sumitomo Corporation authorizes a Buyback Plan.

May 01, 2024

The Board of Directors of Sumitomo Corporation has authorized a buyback plan on May 2, 2024.

Latest news about Sumitomo Corporation

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 an Equity Buyback for 19,000,000 shares, representing 1.55% for ¥50,000 million.	05-02	CI
Sumitomo Corporation authorizes a Buyback Plan.	05-01	CI
Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus	04-30	RE
Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus	04-29	RE
Activist investor Elliott buys stake in Japan's Sumitomo, source says	04-29	RE
Sumitomo Corporation, Sumitomo Mitsui Finance and Leasing Co., Ltd. and Gogoro Inc. to Explore First of Its Kind Partnership to Accelerate Gogoro's Global Business Expansion	04-29	CI
Elliott has built 'large' stake in Sumitomo, Bloomberg reports	04-28	RE
ELLIOTT SAID TO BUILD 'LARGE' STAKE IN BUFFETT-FAVORED SUMITOMO…	04-28	RE
Japan's Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports	04-23	RE
Sharing Energy Co., Ltd. announced that it has received ¥9.59 billion in funding from a group of investors	04-17	CI
Bioinsumos Nativa SpA announced that it expects to receive funding from Sumitomo Corporation	04-17	CI
Japanese consortium to invest $370 mln in I Squared Capital's India natural gas platform	04-15	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	04-14	CI
Sumitomo to book Y35 billion provision in 2023/2024 for losses at Myanmar unit	04-10	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	04-07	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	03-29	CI
NEC Corporation and Sumitomo Corporation Sign Strategic Partnership Agreement to Expand Global Sales of the CropScope Agricultural ICT Platform	03-28	CI
Reservoir Link Energy to Form Solar Power JV With Japan's Sumitomo, Two Others	03-26	MT
Minehub Technologies Inc. Announces Expansion of Partnership with Sumitomo Corporation to Integrate Refined Copper Business	03-19	CI

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

2024-06-20 - Shareholders Meeting

Related indices

Nikkei 225

More about the company

Income Statement Evolution

More financial data

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

4,131 JPY

Average target price

4,131 JPY

Spread / Average Target

0.00%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Diversified Industrial Goods Wholesale

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Diversified Industrial Goods Wholesale