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Sumitomo Corporation (SSUMY)

25.15

-0.10

(-0.40%)

At close: May 7 at 4:00:00 PM EDT

Sumitomo Corporation Acquires Full Ownership of U.S.-based ActivStyle, Provider of Home Medical Supplies for Patients with Chronic Conditions

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, through its Group company, Sumitomo Corporation of Americas (collectively "Sumitomo Corporation Group"), acquired ActivStyle, LLC (hereinafter "ActivStyle"), a U.S. provider of home medical supplies for patients with chronic conditions, in May 2025. Prior to this, in April 2025, Sumitomo Corporation increased its stake in Vast Medical Holdings, the parent compan

PR Newswire 22 hours ago

SSUMF

SSUMY
-0.40%
Japanese trading houses lure investors with healthy returns amid US tariff uncertainty

TOKYO (Reuters) -Japanese trading houses from Mitsubishi to Sumitomo Corp promised healthy shareholder returns this year amid cautious profit forecasts, trying to keep investors, including Warren Buffett, happy amid U.S. tariff uncertainty. Buffett's Berkshire Hathaway is a large minority shareholder in Mitsubishi, Mitsui, Sumitomo, Itochu and Marubeni. Mitsubishi expects net profit for the year ending next March to fall 26% due to the absence of one-off gains from asset sales it enjoyed last fiscal year.

Reuters 6 days ago

SSUMY
-0.40%

MARUY
Japanese trading houses conservative on profit forecasts amid US tariffs

TOKYO (Reuters) -Japanese trading houses Mitsui & Co, Sumitomo Corp and Sojitz on Thursday issued cautious profit forecasts for the current fiscal year as U.S. tariffs threaten global supply chains and increase economic uncertainty. Japan's top trade negotiator Ryosei Akazawa is in the United States this week trying to negotiate a tariff deal with President Donald Trump's administration. The Bank of Japan on Thursday sharply cut its economic growth forecast for the year ending March 2026 to 0.5% from 1.1% and kept interest rates unchanged, as tariffs weigh on exports.

Reuters 7 days ago

2768.T

SSUMY
-0.40%
Japan's Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings

Rare earths are a group of 17 metals used to make magnets that turn power into motion for electric vehicles, cell phones and other electronics. China's exports of rare earths have ground to a halt, fueling a scramble across the West for replacements. Phoenix says its process can produce rare earths from mined ore or recycled equipment with little to no emissions.

Reuters 7 days ago

SSUMY
-0.40%
Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses

Funding round led by RockCreek and Ascent Funds to advance energy independence and national competitivenessCapital investment into Forge Nano now exceeds $140M; RockCreek joins GM, VW, LG and Hanwha as shareholders DENVER, April 29, 2025 (GLOBE NEWSWIRE) -- Forge Nano, Inc., a technology company pioneering domestic battery and semiconductor innovations, today announced the successful close of $40 million in new funding. The funding was co-led by RockCreek, a global investment firm managing over

GlobeNewswire 8 days ago

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VLKPF

VWAGY
Sumitomo, SBI Throw Support Behind FPT's Nvidia-Powered AI Expansion

Sumitomo and SBI are each buying 20% stakes in FPT Smart Cloud Japan.

GuruFocus.com 15 days ago

NVDA

SSUMY
-0.40%

8473.T
Sumitomo and SBI to acquire minority stakes in FPT’s AI unit

Sumitomo and SBI will each invest 20% in FPT Smart Cloud Japan, the entity managing FPT’s AI data centre operations in Japan.

Verdict 15 days ago

8473.T

SSUMY
-0.40%
Should Value Investors Buy Sumitomo (SSUMY) Stock?

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.

Zacks 29 days ago

SSUMY
-0.40%
bauma: Sumitomo and ABB ink MOU on mining equipment decarbonisation

The two companies are embarking on a collaborative journey aimed at decarbonising the mining industry, with a focus on fleet electrification.

Mining Technology 29 days ago

SSUMY
-0.40%
Berkshire Hathaway raises stake in these 5 Japanese trading houses

Berkshire Hathaway (BRK-B, BRK-A) has increased its stake in these five Japanese trading houses: Mitsubishi (8058.T), Marubeni (8002.T), Mitsui (8031.T), Sumitomo (8053.T), and Itochu shares (8001.T), all of which have outperformed the Nikkei 225 (^N225) in the last five year. Madison Mills and Bullseye American Ingenuity Fund portfolio manager Adam Johnson break down Warren Buffett's latest filings and what this investment could mean for Japanese equities. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

Yahoo Finance Video last month

BRK-B

SSUMF

SSUMY
-0.40%
Japanese trading house stocks climb on Buffett's comments

Japanese trading house stocks gain as Berkshire Hathaway (BRK-B, BRK-A) Chairman and CEO Warren Buffett praises the firms for increasing dividends, conducting share buybacks, offering less aggressive executive pay packages compared to US companies, and their yen balance strategy. Berkshire Hathaway maintain holdings of Mitsubishi (8058.T), Marubeni (8002.T), Mitsui (8031.T), Sumitomo (8053.T), and Itochu shares (8001.T), all of which have outperformed the Nikkei 225 (^N225) in the last five year. Catch up on how Berkshire Hathaway has been adjusting its investment portfolio in recent months, including the firm's five biggest holdings. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 months ago

BRK-B

MITSF

MITSY
Stardust Power seals long-term lithium deal with Sumitomo

The deal secures 20,000tpa of lithium carbonate from Stardust Power’s first production line in Oklahoma, US.

Mining Technology 2 months ago

SSUMY
-0.40%
Sumitomo invests in Evertrak to advance sustainable railroad infrastructure

Evertrak 7000, made from GFRP using recycled plastic, is designed to offer “unparalleled lifespan” of up to 50 years.

Railway Technology 3 months ago

SSUMY
-0.40%
Strategic Investment in Evertrak, a North American Composite Railroad Tie Manufacturer

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno), through its subsidiary Sumitomo Corporation of Americas (collectively referred to as the "Sumitomo Corporation Group"), has announced a strategic investment in Evertrak, a U.S.-based manufacturer of composite railroad ties (*1) for the North American railroad industry. This partnership aims to reduce environmental impacts and build a more sustainable railroad infras

PR Newswire 3 months ago

SSUMF

SSUMY
-0.40%
EC approves EEW Offshore Wind EU acquisition by EEW and Sumitomo

The European Commission's (EC) analysis concluded that the acquisition would not lead to competition concerns.

Power Technology 3 months ago

SSUMY
-0.40%
Victory Metals, Sumitomo sign offtake MOU for North Stanmore project in Australia

The agreement aims to establish a long-term offtake partnership between Victory and Sumitomo.

Mining Technology 4 months ago

SSUMY
-0.40%
Tivan secures $4.7m grant for Speewah Fluorite Project in Australia

The grant is part of a government initiative to boost key mineral projects and strengthen international supply chains.

Mining Technology 4 months ago

SSUMY
-0.40%
Japan, Korea Groups Will Build 2.4-GW Gas-Fired Power Plant in Qatar

Four major Japanese and Korean energy companies have jointly won the rights to build and operate a natural gas-fired power plant and a seawater desalination facility near Doha in Qatar. […]

POWER Magazine 5 months ago

SSUMY
-0.40%
Sumitomo resumes production at Madagascar's nickel project

TOKYO (Reuters) -Japanese trading house Sumitomo Corp said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month's pipeline issue and is reviewing future output volumes. Sumitomo has been struggling to stabilise production and improve profitability at the Ambatovy project, which launched in 2005. "Our priority for the Ambatovy is to normalize production by addressing operational issues," Chief Executive Shingo Ueno told a news conference.

Reuters 6 months ago

SSUMY
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Yinson Production finalises sale of 11.8% stake in FPSO Anna Nery

The $49m (RM213.16m) private sale deal was announced in July 2020.

Offshore Technology 6 months ago

SSUMY
-0.40%

KAIKY

Performance Overview

Return	SSUMY	Nikkei 225 (^N225)
YTD	+16.22%	-7.43%
1-Year	-8.88%	-3.33%
3-Year	+56.21%	+36.75%

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Sumitomo Corporation (SSUMY)

Sumitomo Corporation Acquires Full Ownership of U.S.-based ActivStyle, Provider of Home Medical Supplies for Patients with Chronic Conditions

Japanese trading houses lure investors with healthy returns amid US tariff uncertainty

Japanese trading houses conservative on profit forecasts amid US tariffs

Japan's Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings

Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses

Sumitomo, SBI Throw Support Behind FPT's Nvidia-Powered AI Expansion

Sumitomo and SBI to acquire minority stakes in FPT’s AI unit

Should Value Investors Buy Sumitomo (SSUMY) Stock?

bauma: Sumitomo and ABB ink MOU on mining equipment decarbonisation

Berkshire Hathaway raises stake in these 5 Japanese trading houses

Japanese trading house stocks climb on Buffett's comments

Stardust Power seals long-term lithium deal with Sumitomo

Sumitomo invests in Evertrak to advance sustainable railroad infrastructure

Strategic Investment in Evertrak, a North American Composite Railroad Tie Manufacturer

EC approves EEW Offshore Wind EU acquisition by EEW and Sumitomo

Victory Metals, Sumitomo sign offtake MOU for North Stanmore project in Australia

Tivan secures $4.7m grant for Speewah Fluorite Project in Australia

Japan, Korea Groups Will Build 2.4-GW Gas-Fired Power Plant in Qatar

Sumitomo resumes production at Madagascar's nickel project

Yinson Production finalises sale of 11.8% stake in FPSO Anna Nery

Performance Overview

News

Life

Entertainment

Finance

Sports

New on Yahoo

Sumitomo Corporation (SSUMY)

Sumitomo Corporation Acquires Full Ownership of U.S.-based ActivStyle, Provider of Home Medical Supplies for Patients with Chronic Conditions

Japanese trading houses lure investors with healthy returns amid US tariff uncertainty

Japanese trading houses conservative on profit forecasts amid US tariffs

Japan's Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings

Forge Nano Secures $40M to Scale U.S. Battery Manufacturing and Commercial Semiconductor Equipment Businesses

Sumitomo, SBI Throw Support Behind FPT's Nvidia-Powered AI Expansion

Sumitomo and SBI to acquire minority stakes in FPT’s AI unit

Should Value Investors Buy Sumitomo (SSUMY) Stock?

bauma: Sumitomo and ABB ink MOU on mining equipment decarbonisation

Berkshire Hathaway raises stake in these 5 Japanese trading houses

Japanese trading house stocks climb on Buffett's comments

Stardust Power seals long-term lithium deal with Sumitomo

Sumitomo invests in Evertrak to advance sustainable railroad infrastructure

Strategic Investment in Evertrak, a North American Composite Railroad Tie Manufacturer

EC approves EEW Offshore Wind EU acquisition by EEW and Sumitomo

Victory Metals, Sumitomo sign offtake MOU for North Stanmore project in Australia

Tivan secures $4.7m grant for Speewah Fluorite Project in Australia

Japan, Korea Groups Will Build 2.4-GW Gas-Fired Power Plant in Qatar

Sumitomo resumes production at Madagascar's nickel project

Yinson Production finalises sale of 11.8% stake in FPSO Anna Nery

bauma: Sumitomo and ABB ink MOU on mining equipment decarbonisation