Tag - sumitomo

 
 

SUMITOMO

Japan Times
BUSINESS / Companies
Jan 14, 2022
Green push ending 150-year tradition of bank passbooks in Japan
The country's largest bank will soon require new clients to pay u00a5550 a year for a passbook in a bid to encourage them to embrace digital services.
Japan Times
JAPAN
Dec 31, 2021
Japan plans launch of world's first wooden satellite in 2023
The object will create less of a burden on the environment than conventional satellites, and will be cheaper to make.
Japan Times
BUSINESS / Companies
Dec 23, 2021
Sumitomo Mitsui CEO Jun Ohta still looking for more acquisition targets
The head of Japan's second-largest lender is seeking to broaden services across Asia, acquiring commercial banks and consumer-finance companies.
JAPAN
Dec 9, 2021
Japanese firm acquitted in deadly Taiwan train derailment: report
The court dismissed the Taiwan Railways Administration's legal complaint on the grounds that it failed to provide proof to substantiate its claim.
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.
Japan Times
BUSINESS
Jul 14, 2021
Sumitomo Mitsui allies with U.S. financial firm Jefferies
The group plans to purchase a stake of up to 4.9% in the U.S. group for around u00a542 billion.
Japan Times
BUSINESS / Companies
Jul 3, 2021
Japan’s green push opens path to talent outside old men’s club
The growing importance of sustainable investment could help diversify the mentality of Japan Inc. boardrooms, as firms look to draw from a nontraditional talent pool for senior positions.
Japan Times
BUSINESS / Economy
Jul 1, 2021
Japan bank head says transition funds are critical for climate
Helping big polluters transform into greener enterprises is one of the biggest challenges facing domestic banks, says Makoto Takashima, chairman of the Japanese Bankers Association.
Japan Times
BUSINESS / Companies
May 21, 2021
Japan warns Sumitomo after SDF weapon blueprints leaked to China
Plans for parts of a military-use prototype machine gun were leaked by a subcontracted firm.
Japan Times
ASIA PACIFIC
May 19, 2021
How Myanmar's military moved in on the telecoms sector to spy on citizens
Intercept spyware gives the military the power to listen in on calls, view text messages and web traffic, and track the locations of users without the assistance of telecom firms.
Japan Times
BUSINESS / Companies
Mar 1, 2021
Little-known fees help Japan's trust banks dominate profitable niche market
Insiders say an 'industry custom' of termination fees keeps profitable business in the hands of a few big trust banks because newcomers balk at the cost.
Japan Times
BUSINESS
Feb 4, 2021
Japan's Sumitomo exits U.S. shale oil business to promote restructuring
Trading house Sumitomo Corp. said Thursday it had withdrawn from the U.S. shale oil and gas business to cut costs and proceed with structural reforms.
Japan Times
BUSINESS / Companies
Dec 22, 2020
Sumitomo Mitsui on hunt for Asian lender and U.S. partner for deals
The plans underscore how the bank is looking beyond the current dip to grow abroad, with low interest rates and a graying population hampering prospects at home.
Japan Times
JAPAN
Dec 14, 2020
Major Japan life insurers shun investing in nuclear weapons-linked firms
The restraint shown by the life insurers reflects a growing trend toward valuing environmental, social and other such factors in making investment decisions.
Japan Times
BUSINESS
Dec 11, 2020
Japan banks struggle to unwind last ¥4.6 trillion in cross-shareholdings
Having already divested trillions of yen under pressure from regulators and investors, megabanks are now down to a clutch of firms that are resistant to stake sales.
Japan Times
BUSINESS / Companies
Nov 26, 2020
Pandemic and internet banking push Japan’s lenders to revamp branches
Withdrawing or transferring cash through a bank teller could completely disappear in Japan within a few years as banks adapt branches for the digital age.
BUSINESS
Nov 20, 2020
Japanese companies team up to test private digital currency
The lack of interoperability between different cashless payment applications remains a hurdle both for consumers and retailers.
Japan Times
BUSINESS / Markets
Nov 14, 2020
Japanese banks warn of tougher road ahead after solid earnings
MUFG and Mizuho raised their full-year profit targets, thanks mainly to strong results from trading and serving cash-strapped corporate clients in the six months ended Sept. 30.
Japan Times
BUSINESS / Companies
Nov 11, 2020
Japanese banks to hit profit goals as stimulus curtails bad loans
Any moderation of bad-loan charges would mirror a trend seen around the world this earnings season, after banks from Singapore to the U.S. kept defaults at bay.
Japan Times
BUSINESS / Markets
Oct 13, 2020
Buffett-led share price boom short-lived for most Japan trading firms
The August announcement, among the largest investments ever made by Buffett in Japan, boosted investor interest in the trading companies.

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