Sumitomo Corporation (TYO: 8053)
Japan
· Delayed Price · Currency is JPY | Market Cap | 3.94T |
| Revenue (ttm) | 7.08T |
| Net Income (ttm) | 355.22B |
| Shares Out | 1.21B |
| EPS (ttm) | 291.65 |
| PE Ratio | 11.17 |
| Forward PE | 7.46 |
| Dividend | 130.00 (4.05%) |
| Ex-Dividend Date | Mar 28, 2025 |
| Volume | 313,700 |
| Average Volume | 2,973,045 |
| Open | 3,263.00 |
| Previous Close | 3,259.00 |
| Day's Range | 3,247.00 - 3,272.00 |
| 52-Week Range | 2,675.50 - 4,433.00 |
| Beta | 0.68 |
| RSI | 44.93 |
| Earnings Date | Feb 4, 2025 |
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 StatementsNews
Dunlop Brand Changes Hands: Goodyear Strikes $701 Million Deal with Sumitomo To Power Forward Plan
The Goodyear Tire & Rubber Company (NASDAQ: GT) shares are trading flat premarket on Wednesday. On Tuesday, the company entered a deal to sell its Dunlop brand to Sumitomo Rubber Industries (SRI) for...
Nickel Asia Aims to Sell Processing Plant Stake to Sumitomo
Nickel Asia Corp. is in talks to unload its minority stake in a key processing plant to Japan’s Sumitomo Metal Mining Co. as the Philippines’ top producer of the metal focuses on upstream mining and r...
Aramco’s Venture Arm Joins $30 Million Round for Saudi Startup
Saudi Aramco’s early-stage venture fund and Japanese conglomerate Sumitomo Corp. are backing Saudi consumer electronics startup Zension Technologies, defying a drop in fund-raising across the Middle E...
Warren Buffett stocks for your IRA in 2025
These picks look even more interesting than Berkshire Hathaway
Fortera and Sumitomo Corporation Join Forces to Bring Low-Carbon Cement Technology to Asia
SAN JOSE, Calif.--(BUSINESS WIRE)--With the Asian market accounting for 73% of global cement output, green cement manufacturer Fortera is partnering with multinational Sumitomo Corporation to position...
UAE Methionine Market Report 2024, with Profiles of Evonik Gulf FZE, Novus International FZE, Sumitomo Corporation Middle East FZE, Soukare Pharmacy and Adisseo Animal Nutrition DMCC
UAE Methionine Market Set for Notable Growth, Surpassing USD 25 Million By 2029 UAE Methionine Market Set for Notable Growth, Surpassing USD 25 Million By 2029
Sumitomo consortium lands contract for 2500MW Qatar power plant
The utility projects will be coming up on the site of an old power plant located approximately 25km south of capital Doha
Japanese 7-Eleven Owner Triggers International Investor Frenzy, Attracts Bain Capital And KKR Bids
Seven & i Holdings Co. (OTC: SVNDY), the Japanese conglomerate that owns the global convenience store chain 7-Eleven , has become the focus of significant international investment interest. What Happ...
Mahindra Lifespace shares jump nearly 4% on announcement of second phase of industrial parks project in Tamil Nadu
Shares of Mahindra Lifespace Developers Ltd. surged on Monday following the announcement of the second phase of its industrial parks project in Tamil Nadu, under the brand “Origins by Mahindra.” The p...
Tokyo Metro wins contract to operate London’s Elizabeth line
Consortium including company that runs Tokyo’s metro system will take over from Chinese-owned MTR from May The company behind Tokyo’s renowned metro system has won a deal to take over the operation of...
Tokyo Metro to help run London's Elizabeth line as new operator named
TfL is awarding the contract to GTS Rail Operations Limited, a joint venture between Go Ahead Group, Tokyo Metro and Sumitomo Corporation
Hong Kong’s MTR Corp loses London Elizabeth line contract after 10 years of operations
London’s transport authority says the contract has been awarded to joint venture between Go Ahead Group, Tokyo Metro and Sumitomo Corporation.
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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...