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November 22, 2024
 

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SUMITOMO CORP

Japan Times
BUSINESS
Aug 31, 2021
Warren Buffett has made $2 billion so far with bet on Japan's trading houses
The gain of more than 30% across the five firms has outpaced the benchmark Topix index's 21% rise, without accounting for dividend income.
BUSINESS / Companies
Dec 9, 2016
Sumitomo to acquire banana producer Fyffes for €751 million
Sumitomo Corp. agreed to buy Fyffes Plc for €751 million ($798 million) in cash, expanding the company's reach in the global fruit market and sending the Irish producer's shares soaring.
BUSINESS / Companies
May 9, 2016
Sumitomo Corp. misses profit target, warns of uncertainty
Sumitomo Corp. warned that its business outlook is becoming more uncertain after missing its full-year profit target due to widening impairments on its resources investments.
BUSINESS / Companies
Mar 25, 2015
Trader Sumitomo braces for worst losses since 1997
Sumitomo Corp. said it expects an annual loss of ¥85 billion ($711 million), more than four times the number forecast by analysts, after the trading house posted additional write-downs on its resources investments.
BUSINESS / Companies
Jan 27, 2015
What a difference oil price makes, as Marubeni joins writedowns
"I couldn't believe that oil would drop this far," said Marubeni Corp. Chief Executive Officer Fumiya Kokubu.
BUSINESS / Companies
Sep 30, 2014
Sumitomo shares plunge over huge investment losses
Sumitomo shares post their biggest fall in almost two decades after the trading house said it lost $2.2 billion on investments, including Texas shale oil and Australian coal mining.
BUSINESS
Aug 13, 2014
Sumitomo joins Goldman in expecting the aluminum market to swing into a deficit
The global aluminum market will swing into a deficit this year for the first time since 2006 as cuts in output deepen and demand from automakers grows, according to trading house Sumitomo Corp.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia launched intercontinental ballistic missile during attack on Ukraine, Kyiv says
A Yars intercontinental ballistic missile is launched during a test from the Plesetsk cosmodrome in Northern Arkhangelsk region of Russia, in this still image captured from video released on Oct. 29.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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