Sumitomo Corporation

Equities

8053

JP3404600003

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 11:30:00 26/06/2024 am IST			5-day change	1st Jan Change
3,979 ^JPY	+0.25%		+3.27%	+29.36%

21/06	Sumitomo Corporation (TSE : 8053) acquired Naturevo Srl	CI
19/06	Sumitomo Corporation acquired Compumed Services Sdn. Bhd.	CI

Tranche Update on Sumitomo Corporation's Equity Buyback Plan announced on May 2, 2024.

June 18, 2024 at 05:20 am IST

From May 2, 2024 to June 17, 2024, the company has repurchased 12,288,300 shares, representing 1.01% for ¥49,999.65 million. With this, the company has completed the repurchase of 12,288,300 shares, representing 1.01% for ¥49,999.65 million under the buyback announced on May 2, 2024.

Latest news about Sumitomo Corporation

Sumitomo Corporation (TSE : 8053) acquired Naturevo Srl	21/06	CI
Sumitomo Corporation acquired Compumed Services Sdn. Bhd.	19/06	CI
Tranche Update on Sumitomo Corporation's Equity Buyback Plan announced on May 2, 2024.	18/06	CI
Sumitomo Corporation's Equity Buyback announced on May 2, 2024, has closed with 12,288,300 shares, representing 1.01% for ¥49,999.65 million.	17/06	CI
Nippon Steel, Sumitomo get CCS pipe orders from QatarEnergy	14/06	RE
South Korean Shares Gain for Fourth Straight Day Over US Fed Rate Cut Optimism	14/06	MT
GS Caltex to Provide Cosmetics Material to Sumitomo Affiliate	14/06	MT
Sumitomo Corporation completed the acquisition of an unknown minority stake in EPSILON COMPOSITE SA.	12/06	CI
Multibillion-euro court battle over stranded Russian jets begins in Dublin	11/06	RE
Sumitomo Corporation of Americas Announces Sales Agreement with Rock Identification Hardware and Solutions Provider Hyperspectral Intelligence Inc	10/06	CI
Tivan Signs Agreement with Sumitomo for Speewah Fluorite Project Development; Shares Up 13%	07/06	MT
Sumitomo aims to install 500 MW battery storage in Japan by early 2031	05/06	RE
Elliott rebuilds stake in SoftBank and pushes for $15 bln buyback, FT reports	05/06	RE
Duskin's Repurchases 239 Million Yen worth of Shares in May	03/06	MT
Sumitomo Buys Back Over 23 Billion Yen Worth of Shares in May	03/06	MT
Irish court case on Russia jet insurance claims to begin on June 11	30/05	RE
Iws Fleet As announced that it expects to receive ?60 million in funding from Sumitomo Corporation	27/05	CI
Sumitomo Enters Carbon-Capture JV in Canada	24/05	DJ
Reconciliation Energy Transition Inc. and Sumitomo Corporation Group Sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project	24/05	CI
Infrastructure firm I Squared to invest $5 bln in Asia over next three years, executive says	23/05	RE
Sumitomo Makes Correction on Consolidated Financial Results Fiscal 2023	08/05	MT
Hankyu Corporation and Japan International Cooperation Agency agreed to acquire an unknown stake in Light Rail Manila Corporation from Sumitomo Corporation.	08/05	CI
Careclinics Healthcare Services Sdn. Bhd. announced that it has received funding from Sumitomo Corporation	07/05	CI
Sumitomo Plans to Repurchase and Cancel up to 50 Billion Yen Worth of Shares	06/05	MT
Sumitomo's Profit Declines 31.7% in Fiscal 2023; Books Impairment Loss of 89 Billion Yen in Final Quarter	06/05	MT

Chart Sumitomo Corporation

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Company Profile

Sumitomo Corporation is a diversified group organized around 7 areas of activity: - retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business; - trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.; - trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.; - distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.; - telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services; - development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services; - other (0.1%).

Sector

Diversified Industrial Goods Wholesale

Calendar

31/07/2024 - Q1 2024 Earnings Release (Projected)

Related indices

Nikkei 225

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Ratings for Sumitomo Corporation

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3,979 JPY

Average target price

4,364 JPY

Spread / Average Target

+9.68%

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Quarterly earnings - Rate of surprise

Company calendar

Sector Diversified Industrial Goods Wholesale

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Diversified Industrial Goods Wholesale