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sumitomo corp (8053) Snapshot

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sumitomo corp (8053) Details

Sumitomo Corporation imports, exports, and supplies metal products, transportation equipment, goods, and commodities worldwide. Its Metal Products segment sells steel products, including steel sheets, tubular products, etc.; and non-ferrous metal products comprising aluminum, titanium, etc., as well as processes steel sheets, tubular products, and non-ferrous metals. The company’s Transportation & Construction Systems segment offers products and services related to ship, aerospace equipment, railway and other transportation systems, automobiles, motorcycles, construction and mining equipment, forest machines, and industrial vehicles. This segment is also involved in automobile leasing and financing operations. Its Environment & Infrastructure segment provides various projects, such as electric power, water supply, sewerage systems, solar photovoltaic power generation, wind power generation ventures, batteries and recycling, industrial facilities and equipment, logistics, insurance, and industrial-park-related projects. The company’s Media, Network, Lifestyle Related Goods & Services segment is engaged in the areas of media, network, lifestyle/retail, food, materials and supplies, construction, and real estate businesses. Its Mineral Resources, Energy, Chemical & Electronics segment develops businesses in the fields of mineral resources and energy, such as copper, coal, petroleum, and liquefied natural gas; trades in chemicals and electronics, as well as synthetic resin materials and organic/inorganic chemicals; develops rare earth elements; and undertakes business in pharmaceuticals, agricultural chemicals, fertilizers, pet supplies, and others. The company is also involved in the import and export of various goods and commodities. Sumitomo Corporation was founded in 1919 and is headquartered in Tokyo, Japan.

Founded in 1919

sumitomo corp (8053) Top Compensated Officers

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sumitomo corp (8053) Key Developments

Sumitomo Corporation, 2015 Earnings Call, May 07, 2015

Sumitomo Corporation, 2015 Earnings Call, May 07, 2015

Sumitomo Corporation Reports Group Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the Year Ending March 2016

Sumitomo Corporation reported group earnings results for the year ended March 31, 2015. For the year, the company reported operating loss of JPY 84,374 million against operating profit of JPY 171,750 million a year ago. Loss before tax was JPY 18,561 million against profit before tax of JPY 304,246 million a year ago. Loss attributable to owners of the parent was JPY 73,170 million or JPY 58.64 per share against profit attributable to owners of the parent of JPY 223,064 million or JPY 178.59 per share a year ago. Revenue was JPY 8,596,699 million, up 5.5% year on year. The loss for the period, attributable to impairment losses of approximately JPY 310 billion in several large projects, including the tight oil development project in the U.S. and the iron ore mining project in Brazil. For the year ending March 2016, the company expects to log a net profit of JPY 230 billion. Operating profit is estimated at JPY 290 billion and revenue at JPY 8.6 trillion.

Sumitomo Corporation to Report Fiscal Year 2015 Results on May 01, 2015

Sumitomo Corporation announced that they will report fiscal year 2015 results on May 01, 2015


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