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Sumitomo Corp (8053.T)

8053.T on Tokyo Stock Exchange

1,968JPY
18 May 2018
Change (% chg)

¥12 (+0.59%)
Prev Close
¥1,956
Open
¥1,960
Day's High
¥1,968
Day's Low
¥1,954
Volume
2,849,800
Avg. Vol
3,998,134
52-wk High
¥2,044
52-wk Low
¥1,398

Latest Key Developments (Source: Significant Developments)

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

SCSK to retire treasury shares
Monday, 30 Oct 2017 

Oct 30 (Reuters) - SCSK Corp <9719.T>:Says it plans to retire 3.8 million shares (3.5 percent of outstanding) of its common stock on Nov. 30.Says the total shares outstanding 104.2 million shares after the retirement.  Full Article

R&I affirms Sumitomo's rating at "A+" and announces stable outlook – R&I
Wednesday, 25 Oct 2017 

Oct 25(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

Competition Commission of India approves JV between Gerdau S.A, Sumitomo Corp & Japan Steel Works<5631.T><8053.T>
Tuesday, 23 Aug 2016 

Competition Commission of India: CCI approves formation of joint venture between Gerdau S.A., Sumitomo Corporation and the Japan Steel Works Ltd . Further company coverage [GGBR4.SA] [8053.T] [5631.T] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

EU mergers and takeovers (May 14)

BRUSSELS, May 14 The following are mergers under review by the European Commission and a brief guide to the EU merger process: