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July 25, 2026
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SUMITOMO CORP.
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.
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