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November 22, 2024
 

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SUMITOMO

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
Oct 19, 2016
Some Japan trading houses eye resuming Iran oil imports: sources
Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said.
BUSINESS / Companies
Sep 6, 2016
Sumitomo 'liquidating Japan hedge fund' as clients pull out
Sumitomo Mitsui Trust Holdings Inc. is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009.
Japan Times
BUSINESS / Companies
Aug 5, 2016
Steel king NSSMC cedes crown to Arcelor as yen soars
Japan's biggest steel maker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut.
Japan Times
BUSINESS / Companies
Aug 2, 2016
Clouds lifting for Japan's banks as negative rates stay put
The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings.
Japan Times
BUSINESS
Jun 17, 2016
Death and inheritance taxes: Japan's financial advisory firms enter the delicate but bountiful fray
Elderly Japanese, among the world's richest retirees, are flocking to inheritance advisers, tackling historical taboos on discussing death and providing a rare avenue of growth for the country's brokerages and banks.
Japan Times
BUSINESS
Jun 9, 2016
Japanese banks enter ranks of world's biggest energy lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
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.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
BUSINESS
Apr 1, 2016
Japanese banks see 'difficult' year ahead with negative rates
Negative interest rates will make next year a difficult one for Japanese lenders, and the central bank should examine the impact of the policy before pushing them further below zero, the new head of the country's banking lobby said.
BUSINESS / Companies
Mar 25, 2016
Thanks to negative rate, Japanese borrower can buy Dom Perignon after debt sale
By selling commercial paper at negative interest rates, a Japanese leasing company will get paid enough money to buy a bottle of Dom Perignon Rose Vintage 2004 if it wants.
Japan Times
BUSINESS / Companies
Feb 5, 2016
Sumitomo swings to loss, cuts forecast as writedowns mount
Sumitomo Corp. swung to a net loss in the third quarter and cut its full-year profit target by more than half as impairments on the value of its resources investments widened amid the slump in commodity prices.
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.
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.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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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