Sumitomo Corporation (SSUMF)
| Market Cap | 25.34B |
| Revenue (ttm) | 49.45B |
| Net Income (ttm) | 2.48B |
| Shares Out | n/a |
| EPS (ttm) | 2.04 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 200 |
| Open | 20.90 |
| Previous Close | 20.55 |
| Day's Range | 20.70 - 20.90 |
| 52-Week Range | 18.70 - 28.90 |
| Beta | 0.70 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Oct 31, 2024 |
About Sumitomo
Sumitomo Corporation engages in general trading business. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts. It is involved in the development of renewable energy projects comprising power generatio... [Read more]
Financial Performance
In 2023, Sumitomo's revenue was 6.91 trillion, an increase of 1.36% compared to the previous year's 6.82 trillion. Earnings were 386.14 billion, a decrease of -31.67%.
Financial numbers in JPY Financial StatementsNews
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Archer Aviation gets another big order for its futuristic air taxis
Image: Archer Archer Aviation, a leading electric flight company based in San Jose, California, is bringing its futuristic air taxis to Japan. The company will sell 100 of its Midnight battery-powered...
Sumitomo: Focus On Short-Term Prospects And Long-Term Value Creation Potential
Sumitomo's Q2 FY 2024 results missed expectations, and I think that it will be tough for the company to meet its full-year bottom line target. On the flip side, SSUMY's recent interim dividend and lat...
Sumitomo Corporation 2024 Q2 - Results - Earnings Call Presentation
Sumitomo reports 1H results
Read about Sumitomo's first half earnings report, including EPS of 209.20 yen and revenue of 3.5T yen.
Sumitomo Corporation Group Establishes Joint Venture to Develop Renewable Energy Projects in Virginia; Expanding Over 1.5 GW of Solar Power Projects in a Key IT Infrastructure Hub and Data Center Cluster
TOKYO , Oct. 15, 2024 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku); Representative Director, President and Chief Executive Officer: Shingo Ueno), through Sumitomo Corporation of Amer...
Ecopetrol Taps Sumitomo Loan After Postponing Dollar Bond Deal
Ecopetrol SA is using a loan with Sumitomo Mitsui Banking Corporation to pay down other debt after it postponed the sale of bonds in the international market this week.
ACWA Power, Sumitomo to co-develop $4.2bln projects in Uzbekistan
The Saudi-listed company will divest 49% stake in Samarkand and Kongrad projects to Japanese firm
ACWA Power and Sumitomo Corporation sign joint agreement to develop Uzbekistans largest renewable energy projects
The Samarkand and Kungrad projects are one of the largest solar PV, battery storage and wind projects in the country
Sumitomo Hires Juan Toro as CEO of Its Mexican Non-Bank Lender
Sumitomo Mitsui Banking Corp. hired Juan Toro as managing director and chief executive officer for its Mexican non-bank financial company.
Sumitomo Files Debt Overhaul Plan for Madagascar Nickel Mine
Sumitomo Corp. has filed a debt restructuring plan to a UK court for its Ambatovy nickel and cobalt project in Madagascar.
Sumitomo Corporation: Consider Both Results Miss And Value Enhancement Moves
Sumitomo Corporation registered a -19% earnings miss for the most recent quarter, due to the underperformance of its cyclical business such as automotive and steel. Sumitomo Corporation has plans to r...
Sumitomo Corporation of Americas Investment in Vast Medical Holdings; Marks Entry into U.S. Healthcare Market with Goals to Improve Patient Outcomes
NEW YORK and CORAL SPRINGS, Fla. , July 17, 2024 /PRNewswire/ -- Sumitomo Corporation, through its U.S. subsidiary Sumitomo Corporation of Americas (SCOA), announced an investment in Vast Medical Hold...
Sumitomo Corporation of Americas Diversifies into Distributed Energy with Solar and Storage Investment, Opportunity to Expand Globally
NEW YORK , June 26, 2024 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter collectively referred to as, "Sumitomo Corporation Group") announced today a tax eq...
Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project
CALGARY, AB and NEW YORK , May 23, 2024 /PRNewswire/ -- Reconciliation Energy Transition Inc. ("RETI"), and Sumitomo Corporation, through its subsidiary Ammolite Carbon Sequestration (Collectively "Su...
Warren Buffett Was There for the Japanese Market Rally
Berkshire Hathaway holds stakes in five Japanese trading companies.
Strategic Biofuels and Sumitomo Corporation of Americas Announce Major Investment Commitment
Renewable fuels company also announces a strategic shift from Renewable Diesel to Sustainable Aviation Fuel production at its Louisiana Green Fuels project COLUMBIA, La. and NEW YORK , Feb. 7, 2024 /P...
Sumitomo Corporation makes investment in Brazilian insect protein production and biotechnology company Cyns to Support Next Generation Sustainable Feed Production
NEW YORK , Jan. 30, 2024 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation do Brasil S.A. announced today a joint investment in a Seed round for Cyns, a biotechnology company located ...
Warren Buffett Steadily Increasing Stakes in 5 Japanese Companies: Sumitomo CEO
The CEO of one of Japan's largest general trading companies said Berkshire Hathaway has been increasing its interest.
Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States
NEW YORK , Sept. 11, 2023 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter referred to as "SC Group") together with Advantage Capital (AC) — a U.S. impact in...
Sumitomo, Australia's Liontown to study lithium hydroxide production in Japan
Japanese trading company Sumitomo Corp and Australian lithium developer Liontown Resources said on Monday they had agreed to work together to study producing lithium hydroxide in Japan.
Carbon Opportunities Fund and Sumitomo Corporation of Americas Lead the Way with First Transaction of Tokenized Carbon Assets reflected in the Climate Action Data Trust
WASHINGTON--(BUSINESS WIRE)--In an important step for carbon markets, and key milestone for the Carbon Opportunities Fund and Sumitomo Corporation of Americas (SCOA) announced one of the first transac...
Warren Buffett Gets Chinese Assist On Big Japan Bet
Investors are said to be de-emphasizing China because of concerns over its economy, and they're turning to Japan to maintain their Asian exposure.
Warren Buffett Is Betting Big On Japan, Increases Stakes In Five Trading Firms
The Oracle of Omaha has increased Berkshire's stakes in five trading firms with a view to holding the shares for the long term.
Warren Buffett presses ahead with his big bet on Japan, upping his stakes in 5 trading houses
Berkshire Hathaway said Monday that it had poured more cash into Japan's five largest trading houses. The holdings of Warren Buffett's conglomerate in the stocks now average over 8.5%.
Japan Trading Houses Climb After Buffett Boosts Stakes
Five of Japan's trading houses rise after Berkshire Hathaway raised its stake in the firms to an average of over 8.5% in a move to double down on some of Warren Buffett's favorite stocks. Winnie Hsu r...