Sumitomo Corp

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sumitomo Corp. engages in the business of trading services. It operates through the following segments: Metal Products, Transportation & Construction Systems, Infrastructure, Media & Digital, Living Related & Real Estate, and Mineral Resources, Energy, Chemical & Electronics. The Metal Products segment handles the trade of metal products, including steel sheets, tubular products, and other products, as well as non-ferrous metals such as aluminum and titanium. The Transportation & Construction Systems segment deals with the automobile, ship, aircraft, rail, other transportation equipment, and construction equipment businesses. The Infrastructure segment includes the social infrastructure, global power infrastructure, and logistics infrastructure businesses. The Media & Digital segment handles the digital, media, and smart communications platform businesses. The Living Related & Real Estate segment manages the lifestyle and retail, food and agriculture, materials, supplies, and real estate businesses. The Mineral Resources, Energy, Chemical & Electronics segment develops businesses in mineral resources, energy, basic chemicals and electronics, and life sciences. The company was founded on December 24, 1919 and is headquartered in Tokyo, Japan.

SAN JOSE, Calif.--(BUSINESS WIRE)--With the Asian market accounting for 73% of global cement output, green cement manufacturer Fortera is partnering with multinational Sumitomo Corporation to position the market for widespread adoption of Fortera's carbon-reducing ReCarb® technology. The two companies have agreed to a memorandum of understanding (MOU) to focus on deploying Fortera's bolt-on low-to-zero-carbon cement plants with some of Asia's largest cement manufacturers. The Japanese market wi.

Fortera and Sumitomo Corporation Join Forces to Bring Low-Carbon Cement Technology to Asia

UAE Methionine Market Set for Notable Growth, Surpassing USD 25 Million By 2029 UAE Methionine Market Set for Notable Growth, Surpassing USD 25 Million By 2029

UAE Methionine Market Report 2024, with Profiles of Evonik Gulf FZE, Novus International FZE, Sumitomo Corporation Middle East FZE, Soukare Pharmacy and Adisseo Animal Nutrition DMCC

Sumitomo's Q2 FY 2024 results missed expectations, and I think that it will be tough for the company to meet its full-year bottom line target. On the flip side, SSUMY's recent interim dividend and latest corporate actions send a favorable signal about the company's intention to create long-term shareholder value. I leave my existing Hold rating for SSUMY stock unchanged, based on my assessment of the company's outlook for the near term and long run.

Sumitomo: Focus On Short-Term Prospects And Long-Term Value Creation Potential

TOKYO , Oct. 15, 2024 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku); Representative Director, President and Chief Executive Officer: Shingo Ueno), through Sumitomo Corporation of Americas (hereinafter referred to as "SCOA") and Perennial Power Holdings, Inc. (hereinafter, Perennial), a subsidiary of SCOA (collectively "SC Group") announced today that it has formed a joint venture with CEP Solar, LLC (Head Office: Richmond, Virginia; Co-Founders: Tyson Utt and Richard Wright; hereinafter, "CEP"), to deliver clean energy projects across the Commonwealth of Virginia. The new investment enables both Perennial and CEP to commercialize its portfolio of solar and battery storage assets which exceeds 1.5 GW, with construction expected to commence starting in late 2025.

Sumitomo Corporation Group Establishes Joint Venture to Develop Renewable Energy Projects in Virginia; Expanding Over 1.5 GW of Solar Power Projects in a Key IT Infrastructure Hub and Data Center Cluster

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Sumitomo (SSUMY) Right Now?

Investors interested in stocks from the Diversified Operations sector have probably already heard of Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two companies is the best option for those looking for undervalued stocks?

SSUMY or ITT: Which Is the Better Value Stock Right Now?

Here is how Sumitomo Corp. (SSUMY) and Vector Group (VGR) have performed compared to their sector so far this year.

Is Sumitomo (SSUMY) Stock Outpacing Its Conglomerates Peers This Year?

Sumitomo (SSUMY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sumitomo (SSUMY) Upgraded to Buy: Here's Why

Is Sumitomo (SSUMY) Stock Undervalued Right Now?

Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two stocks offers value investors a better bang for their buck right now?

SSUMY vs. ITT: Which Stock Is the Better Value Option?

Is Sumitomo (SSUMY) Outperforming Other Conglomerates Stocks This Year?

Should Value Investors Buy Sumitomo (SSUMY) Stock?

Sumitomo Corporation registered a -19% earnings miss for the most recent quarter, due to the underperformance of its cyclical business such as automotive and steel. Sumitomo Corporation has plans to restructure its business portfolio and increase the amount of capital returned to its shareholders, which I view as positive shareholder value enhancement drivers. Considering both the company's below-expectations results for the short term and its value enhancement moves for the long run, a Hold rating for the stock is warranted.

Sumitomo Corporation: Consider Both Results Miss And Value Enhancement Moves

NEW YORK and CORAL SPRINGS, Fla. , July 17, 2024 /PRNewswire/ -- Sumitomo Corporation, through its U.S. subsidiary Sumitomo Corporation of Americas (SCOA), announced an investment in Vast Medical Holdings, which owns Quest Health Solutions (Quest).

Sumitomo Corporation of Americas Investment in Vast Medical Holdings; Marks Entry into U.S. Healthcare Market with Goals to Improve Patient Outcomes

NEW YORK , June 26, 2024 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter collectively referred to as, "Sumitomo Corporation Group") announced today a tax equity investment in a diverse portfolio of solar photovoltaic (PV) plus battery energy storage projects, led by Pacifico Power. Sumitomo Corporation Group is expanding its Green Power Platform business* as evidenced by this investment which will be Sumitomo Corporation Group's first in distributed generation.

Sumitomo Corporation of Americas Diversifies into Distributed Energy with Solar and Storage Investment, Opportunity to Expand Globally

Sumitomo (SSUMY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sumitomo (SSUMY) Upgraded to Strong Buy: Here's What You Should Know

CALGARY, AB and NEW YORK , May 23, 2024 /PRNewswire/ -- Reconciliation Energy Transition Inc. ("RETI"), and Sumitomo Corporation, through its subsidiary Ammolite Carbon Sequestration (Collectively "Sumitomo Corporation Group"), have announced today that they have entered into a Joint Development Agreement for the RETI East Calgary Region Carbon Transportation & Sequestration Hub project ("CTS Hub") east of Calgary, Alberta. The RETI East Calgary Region Transportation & Sequestration Hub LP, a Limited Partnership established for the purpose of conducting project related activities, is also a signee to the agreement.

Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project

Sumitomo (SSUMY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Sumitomo (SSUMY) is on the Move, Here's Why the Trend Could be Sustainable

BYD Co Ltd

Citigroup

Kraft Heinz

Marubeni Corp

Sirius XM Holdings Inc

Legendary investor Warren Buffett may be well-known for practicing Ben Graham-style value investing but not all of Berkshire Hathaway's (NYSE: BRK-A , NYSE: BRK-B ) equity portfolio is invested in undervalued Warren Buffett stocks. With the Oracle of Omaha pivoting towards owning wonderful businesses at fair prices, many top Buffett holdings are arguably trading at fair prices.

The 7 Most Undervalued Warren Buffett Stocks to Buy in May 2024

American Express

Coca-Cola

Occidental Petroleum

Warren Buffett has been running circles around the broad-based S&P 500 for nearly six full decades. Investors commonly look for stock-specific wisdom from the Oracle of Omaha in his annual letter to Berkshire Hathaway shareholders.

Meet the 8 Phenomenal Stocks Warren Buffett Plans to Hold Forever

Sumitomo (SSUMY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in Sumitomo (SSUMY) is Your Friend, Here's Why

Apple

Warren Buffett is a brilliant investor from which all beginners could learn a great deal. Undoubtedly, long-term value investing is his game.

3 Battered Warren Buffett Stocks to Buy for a Bargain

ITOCHU Corp

Mitsui & Co Ltd

Buffett listed two long-time Berkshire holdings as stocks the conglomerate will likely own "indefinitely." He also added six other stocks to the group: an oil and gas innovator and five Japanese trading houses.

Warren Buffett Just Revealed the 8 Stocks That Berkshire Hathaway Will Likely Hold Forever -- and Apple Wasn't One of Them

Berkshire Hathaway holds stakes in five Japanese trading companies.

Warren Buffett Was There for the Japanese Market Rally

Renewable fuels company also announces a strategic shift from Renewable Diesel to Sustainable Aviation Fuel production at its Louisiana Green Fuels project COLUMBIA, La. and NEW YORK , Feb. 7, 2024 /PRNewswire/ -- Strategic Biofuels, the leader in developing deeply negative carbon footprint renewable fuel plants, and Sumitomo Corporation of Americas (SCOA), a subsidiary of Sumitomo Corporation, a leading Fortune 500 global trading and business investment company dedicated to sustainability, announced today that they have entered into a Joint Development Agreement for the Louisiana Green Fuels (LGF) project at the Port of Columbia in Caldwell Parish, Louisiana.

Strategic Biofuels and Sumitomo Corporation of Americas Announce Major Investment Commitment

News for Sumitomo Corp Stock (SSUMY)