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July 16, 2024
 

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SUMITOMO

Japan Times
BUSINESS / Economy
Jul 5, 2019
S&P warns it could be bubble time again for Japan's real estate companies as debts rise
Japan's real estate firms are entering dangerous territory. That's the assessment of S&P Global Ratings, which said in a report Friday that the sector's debt levels now eclipse that of the nation's bubble era.
Japan Times
BUSINESS / Companies
Jul 2, 2019
Sumitomo Life buys 25% stake in fintech startup Singapore Life
Sumitomo Life Insurance Co. has purchased a stake of about 25 percent in Singapore Life Pte. for $90 million in a drive to capitalize on the fintech startup's long-term growth.
Japan Times
JAPAN
Jun 19, 2019
Sumitomo under fire over labor dispute and rights abuses at Philippines banana plantation
Two representatives from a Philippines labor union on Tuesday protested what they claim are unfair labor practices and human rights abuses at a banana plantation run by a fruit company affiliated with Sumitomo Corp.
Japan Times
JAPAN / Science & Health
Jun 11, 2019
As its drug firms consider move to Tokyo, does Osaka have a future as a modern city of medicine?
The Doshomachi area of the city of Osaka has been the home and birthplace of many pharmaceutical companies since the Edo Period (1603-1868), including some of the leading drugmakers such as Ono Pharmaceutical Co.
Japan Times
BUSINESS / Companies / Regional voices: Chubu
Jun 11, 2019
Nagoya-based firm develops tech to let autonomous cars know if driver is holding the wheel
Sumitomo Riko Co., a Nagoya-based auto parts maker, has developed a system that can determine whether a driver is holding the steering wheel, a piece of technology that could prove to be indispensable for semi-automated cars.
Japan Times
BUSINESS / Companies
May 23, 2019
Sumitomo Mitsui Financial increases planned cuts, to the equivalent of 5,000 employees' workload
Sumitomo Mitsui Financial Group Inc. will increase planned cuts to its head count that will now reduce work done by the equivalent of nearly 5,000 employees over the three years to March 2020, it was learned Wednesday.
Japan Times
BUSINESS / Companies
May 21, 2019
Nomura's retreat again highlights how Japan's banking behemoths struggle to succeed abroad
Time and again since Japan emerged as a global economic force, its financial leaders have hatched plans to translate their influence into investment-banking clout. Time and again, they've failed.
Japan Times
BUSINESS / Companies
May 16, 2019
Japan's mega-banks see challenging year ahead as profit drivers wane
Japan's biggest banks have warned investors of a tough year ahead.
Japan Times
BUSINESS / ANALYSIS
May 8, 2019
Japan's labor shortage eats away at backbreaking work culture
When she worked in sales for a bank, Chihiro Narazaki was passed over for the best assignments in favor of older colleagues. Her input was discouraged and she often stayed late just to do routine paperwork.
BUSINESS / Companies
Apr 26, 2019
Trading house Sumitomo to manage Japan-financed special economic zone near Dhaka
Major trading house Sumitomo Corp. will manage a special economic zone financed by Tokyo and expected to open near the Bangladesh capital, Dhaka, in early 2022, according to the Japan International Cooperation Agency (JICA), the government's development aid arm.
Japan Times
BUSINESS / Companies
Apr 4, 2019
Toshiba Memory to draw ¥1.3 trillion in bank loans before going public
Toshiba Memory Holdings Corp. is set to draw a total of ¥1.3 trillion ($11.7 billion) in loans from four Japanese banks, sources familiar with the situation said late on Wednesday.
Japan Times
BUSINESS
Apr 1, 2019
Nippon Steel & Sumitomo Metal adopts 'inclusive' trade name minus second part of its official moniker
Nippon Steel & Sumitomo Metal Corp., the world's third-biggest steelmaker, changed its name to Nippon Steel Corp. on Monday to start afresh with an "inclusive" trade name as it aims to further expand overseas operations.
JAPAN / Crime & Legal
Feb 15, 2019
South Korean lawyers to start sale of Nippon Steel's assets over wartime labor
Lawyers visiting from South Korea say they will soon liquidate assets seized from Nippon Steel and Sumitomo Metal Corp. in a wartime labor ruling to compensate the four plaintiffs.
Japan Times
JAPAN
Feb 14, 2019
South Korea plaintiffs eye liquidating assets seized over wartime labor case
A lawyer for South Korean plaintiffs who won a wartime forced labor case against Japanese steel-maker Nippon Steel & Sumitomo Metal Corp. last year indicated Thursday they will soon begin the process of liquidating the company's seized assets, possibly by the end of February, to secure compensation...
BUSINESS / Companies
Feb 5, 2019
With new Kinto firm, Toyota gears up for more leasing as car ownership in Japan goes into reverse
Toyota Motor Corp. said Tuesday it has set up a new company with a Sumitomo Corp. affiliate to launch auto-leasing services to individual customers, in response to consumers who are shifting away from owning cars.
Japan Times
BUSINESS / Companies
Jan 11, 2019
Next Nippon Steel chief Eiji Hashimoto aspires to secure top global spot
Nippon Steel & Sumitomo Metal Corp.'s Executive Vice President Eiji Hashimoto expressed his ambition to make his company the world's top steel-maker after being appointed to become the next chief of the Japanese steel giant on Thursday.
Japan Times
JAPAN / Politics
Jan 9, 2019
Japan seeks talks with South Korea on asset seizure after forced labor ruling
The Foreign Ministry summons South Korea's ambassador after a South Korean court approved the seizure of Nippon Steel assets for failing to comply with a court order on wartime forced labor.
JAPAN / Crime & Legal
Jan 2, 2019
South Korean forced labor plaintiffs seek Nippon Steel asset seizure
Lawyers representing South Korean plaintiffs in a wartime forced labor case said they have launched procedures to seize South Korean assets of Japanese steelmaking giant Nippon Steel & Sumitomo Metal Corp., according to an official statement released Wednesday.
Japan Times
JAPAN
Dec 24, 2018
Civic group proceeds with seizure of Nippon Steel assets in S. Korea over forced labor ruling, after firm ignores deadline
A civic group supporting South Korean plaintiffs who secured a ruling against Nippon Steel & Sumitomo Metal Corp. over wartime forced labor has said it will proceed with steps to seize the steel giant's South Korean assets after the firm ignored a Dec. 24 deadline.
Japan Times
JAPAN
Dec 4, 2018
Lawyers in South Korean wartime labor case set deadline for response from Nippon Steel & Sumitomo Metal
Lawyers representing South Korean plaintiffs in a World War II labor court case against Japan's Nippon Steel & Sumitomo Metal Corp. have set a Dec. 24 deadline for the firm to show willingness to discuss a court verdict on compensation.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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