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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

1,876JPY
19 Sep 2018
Change (% chg)

¥20 (+1.10%)
Prev Close
¥1,856
Open
¥1,880
Day's High
¥1,888
Day's Low
¥1,876
Volume
5,083,700
Avg. Vol
3,375,176
52-wk High
¥2,044
52-wk Low
¥1,565

Latest Key Developments (Source: Significant Developments)

Sumitomo to transfer part of metal business to unit
Tuesday, 17 Jul 2018 

July 17(Reuters) - Sumitomo Corp <8053.T>:Says it will sign a contract on Sept. 28, to transfer a part of metal business to its wholly owned unit SC Pipe Solutions Co., Ltd..Effective Jan. 31, 2019.  Full Article

ITM Power And Sumitomo Corp Announce Strategic Partnership Agreement
Monday, 9 Jul 2018 

July 9 (Reuters) - ITM Power PLC ::SUMITOMO STRATEGIC PARTNERSHIP AGREEMENT.PARTNERSHIP FOR DEVELOPMENT OF MULTI-MEGAWATT PROJECTS IN JAPAN BASED EXCLUSIVELY ON ITM POWER'S ELECTROLYSER PRODUCTS.CO WILL SUPPLY MULTI-MEGAWATT ELECTROLYSER SYSTEMS TO SUMITOMO FOR WIDER PROJECTS ON EXCLUSIVE BASIS IN JAPAN, NON-EXCLUSIVE IN OTHER TERRITORIES.  Full Article

Sumitomo Corp Acquires Tight Oil Producing Asset In Eagle Ford
Thursday, 5 Jul 2018 

July 5 (Reuters) - Sumitomo Corp <8053.T>::SUMITOMO CORPORATION ACQUIRES TIGHT OIL PRODUCING ASSET IN EAGLE FORD.SUMITOMO CORP-SUMMIT DISCOVERY RESOURCES II LLC HAS BECOME 100% WORKING INTEREST OWNER OF CERTAIN PRODUCING EAGLE FORD PROPERTIES IN SOUTH TEXAS.SUMITOMO CORP - PEAK PRODUCTION FOR TIGHT OIL PRODUCING ASSET IN EAGLEFORD IS ESTIMATED AT 3,000 BOEPD.  Full Article

Sumitomo Corp CFO Says To Invest 1.3 Trln Yen Over Next 3 Years Under New Business Plan
Tuesday, 8 May 2018 

May 8 (Reuters) - Sumitomo Corp <8053.T> Chief Financial Officer::EXPECTS AROUND 48,000 TONNES OF NICKEL OUTPUT AT AMBATOVY IN FY2018/19, AGAINST 31,500 TONNES IN FY17/18.EXPECTS NICKEL PRICE TO RISE TO $5.52 PER POUND IN FY2018/19, AGAINST $5.06 IN FY2017/18.TO INVEST A TOTAL OF 1.3 TRILLION YEN OVER NEXT 3 YEARS UNDER NEW BUSINESS PLAN.300 BILLION YEN WILL BE SPENT ON NEW GROWTH BUSINESSES SUCH AS HEALTHCARE.  Full Article

Yinson Holdings Enters MoU With Sumitomo Corp
Friday, 20 Apr 2018 

April 20 (Reuters) - YINSON HOLDINGS ::ENTERED LONG TERM AND BINDING MOU WITH SUMITOMO CORP TO JOINTLY COLLABORATE IN LEASING AND OPERATION OF FPSO AND FSO PROJECTS.  Full Article

Sumitomo to transfer business to unit Sumitomo Shoji Chemicals
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Sumitomo Corp <8053.T> ::Says it plans to transfer its synthetic resin relevant business to its wholly owned subsidiary Sumitomo Shoji Chemicals, effective on April 1, 2018.  Full Article

Sumitomo says change of chairman, president and CEO
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Sumitomo Corp <8053.T> ::Says it appoints current president and CEO Kuniharu Nakamura as new chairman, to succeed Kazuo Ohmori.It appoints Masayuki Hyodo as new president and CEO .Changes will be effective on April 1, 2018.  Full Article

Sumitomo Corp Says Made Investment In Rivian
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Sumitomo Corp <8053.T>::SUMITOMO CORPORATION OF AMERICAS SAYS MADE A STRATEGIC INVESTMENT IN RIVIAN, FINANCIAL TERMS OF WHICH WERE NOT DISCLOSED.  Full Article

Sawai Pharmaceutical to sell 20 pct stake in SAWAI AMERICA for $211 mln
Monday, 13 Nov 2017 

Nov 13(Reuters) - Sawai Pharmaceutical Co Ltd <4555.T>:Says it plans to sell 20 percent stake in a wholly owned U.S.-based unit SAWAI AMERICA INC to Sumitomo Corporation of Americas, a wholly owned unit of SUMITOMO CORPORATION <<<8053.T>>>, for $211 million (23.2 billion yen).Transaction will be completed as of the end of March 2018.  Full Article

SCSK to sell all stake in unit QUO CARD for 22.5 bln yen
Monday, 30 Oct 2017 

Oct 30 (Reuters) - SCSK Corp <9719.T>:Says it plans to sell all stake in wholly owned unit QUO CARD Co., Ltd. to T-Gaia Corporation <<<3738.T>>> on Dec. 1, for 22.5 billion yen.  Full Article

UPDATE 1-Japan's Marubeni to halve coal-fired power capacity by 2030

* Other trading houses also boosting renewable energy deals (Adds details and other trading houses' move)