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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sumitomo Corp Acquires Ownership Of Paris Distributor SACI-CFPA
Monday, 1 Apr 2019 

April 1 (Reuters) - Sumitomo Corp <8053.T>::SUMITOMO CORPORATION ACQUIRES OWNERSHIP OF PARIS DISTRIBUTOR SACI-CFPA; EXPANDS GLOBAL FOOTPRINT IN PERSONAL CARE MARKET.SUMITOMO CORP - SUMITOMO HAS ACQUIRED 90% OWNERSHIP OF PARIS, FRANCE-BASED COSMETIC INGREDIENTS DISTRIBUTOR.  Full Article

EDPR Sells 13.5 Pct Stake In French Offshore Wind Projects To Japan's Sumitomo
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - EDP Renovaveis SA ::SELLS STAKE IN OFFSHORE PROJECTS YEU NOIRMOUTIER AND DIEPPE-LE TRÉPORTIN FRANCE.REDUCES ITS SHAREHOLDING TO 29.5% IN BOTH PROJECTS IN EXCHANGE OF A 42.8 MILLION EURO PAYMENT UPFRONT.SELLS 13.5% STAKE IN FRENCH OFFSHORE WIND PROJECTS TO JAPAN'S SUMITOMO.  Full Article

Dream Vision completes acquisition of Sumisho Brand Management
Thursday, 1 Nov 2018 

Nov 1(Reuters) - Dream Vision Co Ltd <3185.T>:Says it completed acquisition of Sumisho Brand Management Corporation's shares, on Oct. 31.Acquisition plan was announced on Aug. 30.  Full Article

R&I affirms Sumitomo's rating at "A+" and says stable outlook-R&I
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Sumitomo Corp <8053.T>:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+"-R&I .Rating outlook stable-R&I.  Full Article

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

MOVES- SMBC loan banker joins OPIC

NEW YORK, May 17 (LPC) - SMBC’s Kristie Pellecchia, a managing director in the Japanese lender’s loan syndications team, has left the bank and joined the Overseas Private Investment Corp (OPIC), sources said.