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April 03, 2025
 

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SUMITOMO

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.
BUSINESS
Dec 25, 2015
SMFG chief says 'cautious' approach to lending needed in slowing Asia
Sumitomo Mitsui Financial Group Inc.'s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region's economic outlook.
BUSINESS
Sep 9, 2015
Takeover of Amlin makes other Lloyd's insurers bid targets
Amlin PLC's $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd's of London insurers in the spotlight for a possible takeover.
As ‘Buy Canadian’ grows, more U.S. firms say retailers turning away products
Empty shelves with "Buy Canadian Instead" signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, on March 10.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
Japan, South Korea and China vow to strengthen trade ties amid looming U.S. tariffs
Economy, Trade and Industry Minister Yoji Muto (left), South Korean Trade Industry and Energy Minister Ahn Duk-geun (center) and Chinese Commerce Minister Wang Wentao during a trilateral meeting in Seoul on Sunday
The U.S. says Japan has a 700% tariff on American rice. Is that the case?
White House Press Secretary Karoline Leavitt holds up a piece of paper with information about tariff rates at the White House on Tuesday.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
On defense, Japan may avoid Trump's worst impulses — for now
Defense Minister Gen Nakatani and U.S. Secretary of Defense Pete Hegseth chat after reviewing an honor guard during a welcome ceremony at the Defense Ministry in Tokyo on Sunday.
No longer a 'bridesmaid': Yuki Tsunoda prepares for the Red Bull pressure cooker
All eyes will be on Yuki Tsunoda as he makes his Red Bull debut at the Japanese Grand Prix this weekend.
Tokyo tech failures lean into misfortune, mistakes and missteps
Tsuyoshi Domoto in Tokyo's Shinjuku Ward on March 28. As an entrepreneur, Domoto experienced plenty of setbacks but maintains a positive attitude and continues to pursue his dreams.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan
By Johan Brooks

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