SUMITOMO CORPORATION is a Japan-based general trading company. The Company is engaged in the import and export of a wide range of products. The Company operates eight business segments: metal products, transportation and construction equipment, infrastructure, media and life style, chemical and electronics, resources and energy, consumer industry and real estate, as well as financial and logistics. The Company is also engaged in the development of commodities and the provision of financial services. The Company has a global network comprised of a large number of domestic and overseas subsidiaries and branch offices.
Quick Financial Synopsis
BRIEF: For the six months ended 30 September 2009, SUMITOMO CORPORATION's revenues decreased 28% to Y1.378T. The Company's net income also decreased 61% to Y62.06B. Revenues reflect lower sales especially from mental business segment. Lower net income also suffers from a lower operating profit margin and lower interest income, as well as the significantly decreased gains on sale of marketable securities.