Sumitomo Corporation (TYO: 8053)
Japan
· Delayed Price · Currency is JPY | Market Cap | 3.93T |
| Revenue (ttm) | 7.01T |
| Net Income (ttm) | 383.04B |
| Shares Out | 1.21B |
| EPS (ttm) | 313.71 |
| PE Ratio | 10.34 |
| Forward PE | 7.34 |
| Dividend | 130.00 (4.01%) |
| Ex-Dividend Date | Sep 27, 2024 |
| Volume | 2,522,700 |
| Open | 3,120.00 |
| Previous Close | 3,245.00 |
| Day's Range | 3,112.00 - 3,218.00 |
| 52-Week Range | 2,675.50 - 4,433.00 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 1, 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 StatementsNews
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...
Warren Buffett doubles down on his investments in Japan
Warren Buffett continues to see long-term opportunity in Japan. On Monday, the legendary investor increased his stake in five of the country's trading firms.
Warren Buffett's Berkshire Hathaway increasing stakes in Japan trading firms
Berkshire Hathaway wholly- owned subsidiary National Indemnity Company is raising its stake in five Japanese trading firms, the company announced on Monday.
Warren Buffett's Berkshire Hathaway boosts stakes again in five Japan trading companies
Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate's storied leader Warren Buffett purchased two years ago.
Warren Buffett pours more money into Japan's stock market
Billionaire investor Warren Buffett's Berkshire Hathaway has added to its holdings in Japan's five biggest trading houses, likely underpinning strong momentum propelling the nation's stock market to m...
Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firms
Berkshire Hathaway's stake in each of the trading firms now averages more than 8.5%.
Why Warren Buffett is so keen on Japan's versions of Berkshire Hathaway
Warren Buffett says he sees elements of his own Berkshire Hathaway conglomerate in the Japanese trading giants that he recently upped his stock investment in.
Warren Buffett is ‘ahead of the game' with Japanese investments, LaDucTrading founder says
LaDucTrading Founder Samantha LaDuc joins Yahoo Finance Live to discuss why Warren Buffett is betting big on Japanese companies, Japanese firms easing resilience on fossil fuel investments, and the ou...
Sumitomo Corporation of Americas Establishes SCOA Real Estate Partners
New Real Estate Investment Firm Focused on Development of Residential Properties and Logistics Facilities NEW YORK , April 27, 2023 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA"), the large...
Buffett Raises His Japanese Bets, as Prospects for Beaten-Down Stocks Brighten
Japan continues to suffer from slow growth and an aging population. But beyond those macro problems, a stronger yen and tighter monetary policy could catalyze a much-needed shift from exports to domes...