Sumitomo Corp

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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.

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

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Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (SSUMY) and Honeywell International Inc. (HON). But which of these two companies is the best option for those looking for undervalued stocks?

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

(Kitco News) - In the short term, the company plans to increase its battery materials production capacity by 24,000t/year to 84,000t/year by the end of 2024.

Sumitomo eyes to triple battery materials production capacity by 2030

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Warren Buffett's longtime business partner thinks the legendary investor made the right call in buying five stocks. Munger described investing in the stocks as "awfully easy money.

Charlie Munger Just Singled Out These 5 Warren Buffett Stocks as "No-Brainer" Picks

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While many investors avoided bank stocks because of the banking crisis, Buffett saw an opportunity. He has also upped Berkshire Hathaway's stake in five stocks that most U.S. investors know little about.

These 7 Stocks Show How Warren Buffett Is Zigging While Most Investors Zag

NEW YORK , Sept. 11, 2023 /PRNewswire/ -- Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter referred to as "SC Group") together with Advantage Capital (AC) — a U.S. impact investment firm that is also working on the development of the renewable energy business — has established Perennial Renewables LLC (PR), a limited liability company that develops renewable energy projects with a focus on solar power generation.

Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States

Japanese trading company Sumitomo Corp and Australian lithium developer Liontown Resources said on Monday they had agreed to work together to study producing lithium hydroxide in Japan.

Sumitomo, Australia's Liontown to study lithium hydroxide production in Japan

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 stocks presents investors with the better value opportunity right now?

SSUMY vs. ITT: Which Stock Should Value Investors Buy Now?

WASHINGTON--(BUSINESS WIRE)--In an important step for carbon markets, and key milestone for the Carbon Opportunities Fund and Sumitomo Corporation of Americas (SCOA) announced one of the first transactions of tokenized carbon credits leveraging the Climate Action Data Trust (CAD Trust) built on the Chia blockchain. “We are delighted to see that our partnership with the Carbon Opportunities Fund is helping to direct the markets toward innovative and digital solutions that drive investments to cl.

Carbon Opportunities Fund and Sumitomo Corporation of Americas Lead the Way with First Transaction of Tokenized Carbon Assets reflected in the Climate Action Data Trust

Investors are said to be de-emphasizing China because of concerns over its economy, and they're turning to Japan to maintain their Asian exposure.

Warren Buffett Gets Chinese Assist On Big Japan Bet

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At the moment these two Multi-Sector Conglomerates are standing out with a Zacks Rank #1 (Strong Buy).

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The Oracle of Omaha has increased Berkshire's stakes in five trading firms with a view to holding the shares for the long term.

Warren Buffett Is Betting Big On Japan, Increases Stakes In Five Trading Firms

Berkshire Hathaway said Monday that it had poured more cash into Japan's five largest trading houses. The holdings of Warren Buffett's conglomerate in the stocks now average over 8.5%.

Warren Buffett presses ahead with his big bet on Japan, upping his stakes in 5 trading houses

Warren Buffett continues to see long-term opportunity in Japan. On Monday, the legendary investor increased his stake in five of the country's trading firms.

Warren Buffett doubles down on his investments in Japan

Berkshire Hathaway wholly- owned subsidiary National Indemnity Company is raising its stake in five Japanese trading firms, the company announced on Monday.

Warren Buffett's Berkshire Hathaway increasing stakes in Japan trading firms

Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate's storied leader Warren Buffett purchased two years ago.

Warren Buffett's Berkshire Hathaway boosts stakes again in five Japan trading companies

Billionaire investor Warren Buffett's Berkshire Hathaway has added to its holdings in Japan's five biggest trading houses, likely underpinning strong momentum propelling the nation's stock market to multi-year highs.

Warren Buffett pours more money into Japan's stock market

Berkshire Hathaway's stake in each of the trading firms now averages more than 8.5%.

Warren Buffett's Berkshire Hathaway ups stakes in five Japanese trading firms

Buffett likes these Japanese trading companies because he found them similar to Berkshire Hathaway. Additionally, Buffett thought the companies were trading at extremely cheap valuations.

Warren Buffett Invested $6 Billion In These Stocks in 2020. Now, They're Worth Over $17 Billion

Warren Buffett says he sees elements of his own Berkshire Hathaway conglomerate in the Japanese trading giants that he recently upped his stock investment in.

Why Warren Buffett is so keen on Japan's versions of Berkshire Hathaway

New Real Estate Investment Firm Focused on Development of Residential Properties and Logistics Facilities NEW YORK , April 27, 2023 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA"), the largest subsidiary of Sumitomo Corporation (SC), today announced the establishment of a new investment company, SCOA Real Estate Partners (SREP,) focused primarily on the development of residential and industrial projects. Sumitomo Corporation of Americas Establishes SCOA Real Estate Partners Headquartered in Atlanta, Georgia with offices in New York City, SREP invests in the development of multifamily apartment home communities, master planned residential communities, industrial warehouse and logistics facilities and other strategic commercial real estate opportunities.

Sumitomo Corporation of Americas Establishes SCOA Real Estate Partners

Japan continues to suffer from slow growth and an aging population. But beyond those macro problems, a stronger yen and tighter monetary policy could catalyze a much-needed shift from exports to domestic consumption.

Buffett Raises His Japanese Bets, as Prospects for Beaten-Down Stocks Brighten

On Tuesday, April 11, Warren Buffett (Trades, Portfolio) loaded up on more shares of Japan's top five trading houses, bringing Berkshire Hathaway's ( BRK.A , Financial)( BRK.B , Financial) stake in each of them up to 7.4% according to CNBC. Buffett also revealed in an interview with Nikkei that he was considering raising his stakes in the five companies even further.

Warren Buffett Buys More Shares of Japan's Top 5 Trading Houses

The country's sogo shosha, or general trading companies, rose after the Berkshire Hathaway investor said he plans to increase his holdings.

Warren Buffett to Bolster Stakes in Japan's Big Trading Houses. Stocks Jump.

Buffett said he was "very proud" of these investments and that he plans to meet with the companies to emphasize Berkshire Hathaway's support.

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