Other Mining

Sumitomo Corporation

China Central Power Joins 1GW Renewable Energy Project in Uzbekistan

Mahindra Industrial Cities and Sumitomo Signing Strategic Cooperation Agreement

Sumitomo Corporation USA Invests in Independent Hydrogen Company

Sumitomo Corporation has not repurchased any shares yet, plans to repurchase up to 80 billion yen

Sumitomo's subsidiary completes Egypt's largest onshore wind farm ahead of schedule

Sumitomo Corp's Debt Raises Dilution Concerns

Sumitomo Corp Completes ActivStyle Acquisition to Enhance Healthcare Market Position

Sumitomo Corporation of America Joins KlearNow.AI Customer Advisory Board to Enhance Global Logistics Efficiency

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Sumitomo Corporation has started commercial operations at the Sendai Port Biomass Power Plant in Miyagi Prefecture, developed with Tokyo Gas, Hokuriku Electric Power, and Sumitomo Corporation Tohoku. The plant has an output of 112 MW, generating 800,000 MWh annually, enough for 260,000 households. It uses wood-based biomass fuels from certified forests, aiming for carbon neutrality by 2050. Fuel procurement ensures traceability and proper forest resource utilization.

Reuters

Sumitomo Corporation Launches Major Biomass Power Plant in Sendai

Abra Group and Sumitomo Corporation do Brasil have signed a Memorandum of Understanding to promote decarbonization in the air transport sector through Sustainable Aviation Fuel (SAF) in Brazil. This collaboration aims to establish a Brazil-Japan Joint Crediting Mechanism under the Paris Agreement, facilitating a long-term SAF offtake agreement. The initiative addresses global SAF demand and positions Brazil as a key SAF producer, leveraging its abundant feedstocks and renewable energy commitment. The partnership benefits both Brazilian and Japanese governments, SAF producers, and airlines.

Abra Group and Sumitomo sign MoU to advance affordable SAF in Brazil

Sumitomo Corporation announced key management changes effective December 1, 2025. Shingo Hosotani will lead the Fleet Management Business Unit in Tokyo, Hideyuki Kawaura will join the Tire Strategic Business Unit, and Hidetoshi Niinuma will become General Manager of the Antananarivo Office. This announcement was made by Sumitomo Corporation on November 17, 2025.

Sumitomo Corporation Announces Key Management Changes

Sumitomo Corporation has announced management changes effective November 1. Motoi Kamitani remains President and CEO of Sumitomo Corporation Asia & Oceania Group and Sumitomo Australia Pty Ltd. Tomoyasu Shimizu continues as General Manager of Sumitomo Corporation Asia & Oceania Pte. Ltd., Yangon Office. Junpei Ishiguro is appointed General Manager of Sumitomo Australia Pty Ltd., Perth Office. The Nay Pyi Taw Office has been closed.

Sumitomo Corporation Announces Asia & Oceania Management Changes

Sumitomo Corporation provided earnings guidance for the year ending March 31, 2026. For the period, the company expected profit for the year attributable to owners of the parent to be JPY 570,000 million and earnings per share attributable to owners of the parent to be JPY 471.75.

marketscreener

Sumitomo Corporation Provides Earnings Guidance for the Year Ending March 31, 2026

Sumitomo Corporation announced dividend for the second quarter-end of fiscal year ending March 31, 2026. For the second quarter-end, the company announced to pay cash dividend of JPY 70.00 per share compared to JPY 65.00 per share paid a year ago. Scheduled Starting Date of Dividend Payment: December 1, 2025.

Sumitomo Corporation Announces Dividend for the Second Quarter-End of Fiscal Year Ending March 31, 2026, Payable on December 1, 2025

Sumitomo Corporation, a major Japanese trading company, reported strong profit growth in its latest earnings for the six months ending September 30, 2025. Revenues increased by 0.5% to 3,537.2 billion yen, while profit before tax rose by 12.9% to 372.4 billion yen, and comprehensive income surged by 514% to 371.7 billion yen. The growth was driven by strategic initiatives, including the consolidation of Net One Systems and improved performance in U.S. tire sales. Despite challenges in the automotive and mineral resources sectors, the company forecasts a profit of 570 billion yen for the fiscal year ending March 31, 2026, with a focus on enhancing shareholder returns.

Tip Ranks

Sumitomo Corporation Reports Strong Profit Growth

Oct 31 (Reuters) - Sumitomo Corp (8053.T) CEO:* POLITICAL INSTABILITY IN MADAGASCAR HAS NO IMPACT ON OPERATION OF AMBATOVY NICKEL PROJECT* WILL ACTIVELY SEEK INVESTMENT OPPORTUNITIES IN THE UNITED STATES* NO PLANS FOR ADDITIONAL FUNDING IN AMBATOVY PROJECT, AS OPERATIONS ARE PROCEEDING SMOOTHLY Further company coverage: (8053.T)

Sumitomo Corp CEO - No Plans For Additional Funding In Ambatovy Project, As Operations Are Proceeding Smoothly

Sumitomo Corporation has proposed to acquire the remaining 49.41% stake in SCSK Corporation for approximately ¥880 billion. The acquisition, set for October 29, 2025, involves a cash payment of ¥5700 per share. Upon completion, Sumitomo will own 100% of SCSK and plans to delist its shares from the Tokyo Stock Exchange. The transaction requires approval from SCSK's shareholders, and the board has recommended that shareholders tender their shares, leaving the final decision to the holders of Stock Acquisition Rights.

Sumitomo Corporation proposed to acquire remaining 49.41% stake in SCSK Corporation for approximately ¥880 billion.

Chubu Electric Power Co., Inc. is set to participate in Uzbekistan's largest renewable energy project, collaborating with ACWA Power, Sumitomo Corporation, and Shikoku Electric Power. The project includes a 1,000 MW solar power plant and a 1,336 MWh Battery Energy Storage System in Samarkand. Financing has been secured from international banks, with electricity sales to the JSC National Electric Grid of Uzbekistan under a 25-year agreement. Commercial operations are expected to start in 2027 and 2028, with Chubu holding a 14.4% stake in the venture.

Chubu Electric Power to Build Uzbekistan’s Largest Solar and Battery Plant

Sumitomo Corporation has announced management changes effective November 1, 2025. Key appointments include Hazumu Kakinoki as Deputy General Manager and Head of the Digital Platform Unit in Tokyo, and Kenichiro Uesugi leading the Europe Group Business Development Unit in London. Satoshi Watabe continues as President and CEO of Sumitomo Corporation Saudi Arabia Ltd., while Takeshi Takeuchi remains General Manager of the Doha Office, overseeing the Kuwait Office.

Sumitomo Corporation Announces Management Changes Effective November 1, 2025

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Britain's competition regulator has launched an investigation into Sumitomo Corporation's proposed acquisition of Macquarie Group's helicopter leasing division. The deal, valued at over $1 billion, involves SMFL LCI Helicopters, a joint venture of Sumitomo Mitsui Finance and Leasing, acquiring Macquarie's fleet of around 120 leased aircraft. The Competition and Markets Authority (CMA) is evaluating potential impacts on competition in UK markets, with a decision deadline set for December 3.

Macquarie Group

UK competition watchdog to probe Sumitomo's Macquarie helicopter deal

Sumitomo Corporation has received a grant from the Maritime and Port Authority of Singapore to improve ammonia bunkering safety and efficiency. The funding will aid R&D efforts, including a demonstration planned for 2027. Additionally, a consortium led by Keppel Ltd, including Sumitomo and Advario, will advance a project on low- or zero-carbon ammonia solutions for power generation and bunkering, supporting the shipping industry's decarbonization efforts.

Sumitomo Corporation Secures Singapore MPA Grant to Enhance Safety and Efficiency of Ammonia Bunkering; Consortium with Keppel and Advario Advances to Next Project Phase