Sumitomo Corporation

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Not to be confused with Sumitomo Group.
Sumitomo Corporation
Type Public KK
Traded as TYO: 8053
OSE: 8053
NSE: 8053
FSE: 8053
TOPIX 100 Component
Nikkei 225 Component
Industry General trading
Founded Osaka, Japan (December 24, 1919; 94 years ago (1919-12-24))
Headquarters Harumi Island Triton Square Office Tower Y 8-11 Harumi 1-chome, Chuo-ku, Tokyo 104-8610, Japan
Key people Kazuo Ohmori
(Chaiman)
Kuniharu Nakamura
(President and CEO)
Services Metal
Construction
Transportation
Infrastructure
Chemicals
Energy
Mineral resources
Food
Consumer Goods
Revenue

Increase$ 32.16 billion USD (FY 2013)

(¥ 3,317 billion JPY) (FY 2013)
Profit

Decrease$ 2.16 billion USD (FY 2013)

(¥ 223.06 billion JPY) (FY 2013)
Employees 74,638 (consolidated as of March 31, 2014)
Website Official website
Footnotes / references
[1][2][3]

Sumitomo Corporation (住友商事株式会社 Sumitomo Shōji Kabushiki-gaisha?) is one of the largest worldwide Sogo shosha general trading companies, and is a diversified corporation. The company was incorporated in 1919, it is a member company of the Sumitomo Group.

It is listed on four Japanese stock exchanges (Tokyo, Osaka, Nagoya and Fukuoka) and is a constituent of the TOPIX and Nikkei 225 stock indices.[4][5] Today, the company is one of the top three Sogo shosha companies in the world.

Milestones[edit]

  • 1919 - Registered December 30, 1919. Originally founded as (Osaka) Hokko Kaisha Ltd. (capital stock 35 million yen), a company engaged in real estate management, conducting land reclamation, land grading, harbor repair construction, etc. in the Osaka northern harbor region.
  • 1944 - Merged with Sumitomo Building Co., Ltd. (established August 1923; capital stock 6.5 million yen). Changed the corporate name to Sumitomo Building and Real Estate Co., Ltd.
Took over sales operations of Hasebe Takekoshi Architectural Office; Reorganized as a general real estate company involved in real estate management and civil engineering construction design and management.
  • 1945 - After the end of the war, the company makes a transition to general trading, looking to handle products from Japan's major manufacturing firms in various industries. The company also deals in products manufactured by Sumitomo-related companies. The company name is changed to Nihon Kensetsu Sangyo Kaisha, Ltd., starting a new existence as a general trading firm.
  • 1949 - The firm listed its shares for public trade on the Osaka, Tokyo and Nagoya Stock Exchanges (also subsequently listed shares in June 1955 on the Fukuoka Stock Exchange).
  • 1952 - Changed the company name to Sumitomo Shoji Kaisha Ltd.
  • 1962 - Consolidated the Osaka and Tokyo sales offices; adopted a product division structure. Established nine different product divisions: Iron & Steel, Nonferrous Metals, Electric, Machinery, Agriculture & Fishery, Chemicals, Textiles, General Products & Fuel, Real Estate.
  • 1969 - Established Sumisho Computer Services Co., Ltd. in Osaka (presently SCSK Corporation. Listed on the second section of the Tokyo Stock Exchange in February 1989, designated a first section stock on the Tokyo exchange in September 1991).
  • 1978 - Adopted official English name as Sumitomo Corporation (Sumitomo Shoji Kaisha, Ltd.).
  • 1979 - Implemented a Sales Division system, establishing four sales divisions: Iron & Steel, Machinery & Electric, Nonferrous Metals, Chemicals & Fuel, Consumer Products (subsequently established an Information & Industrial division in April 1998, and split the Machinery & Electric division into two separate divisions in April 2000, creating a total of six sales divisions).
  • 2010 - New Industry Development & Cross-function Business Unit established, and the former Financial & Logistics Business Unit integrated into the new unit (seven business units and 25 business divisions).
  • 2012 - Sumitomo Corporation has begun expansion work at the First Philippine Industrial Park in Manila, to add approximately 100 hectares of property for leasing and allow for additional factories to be constructed upon completion.[6]

Subsidiaries[edit]

Shareholders[edit]

References[edit]

  1. ^ "Corporate Profile". Sumitomo Corporation. Retrieved September 26, 2014. 
  2. ^ "Company Profile". Bloomberg L.P. Retrieved September 26, 2014. 
  3. ^ "Company Financials". Bloomberg Businessweek. Retrieved September 26, 2014. 
  4. ^ "TOPIX Core30 Components". Japan Exchange Group. Retrieved September 26, 2014. 
  5. ^ "Components:Nikkei Stock Average". Nikkei Inc. Retrieved September 25, 2014. 
  6. ^ "Sumitomo expands in the Philippines". Investvine.com. February 24, 2013. Retrieved February 24, 2013. 

External links[edit]

Trading[edit]