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Home > Company Index > Conglomerates > Trading Companies > Sumitomo Corporation

Sumitomo Corporation
 NEWS FROM THE STANDARD
Japan Oil Firms to Trade Futures Online
May 14 2001 08:02 AM PDT

Bertelsmann Ventures Launches $250M Fund
Jul 05 2000 09:50 AM PDT

Ticketmaster Targets Japan
Apr 10 2000 06:25 AM PDT

 PROFILE
A lot of trading about sums up Sumitomo Corporation, a "sogo shosha" (general trading company) that imports and exports metals, machinery, electronics, fuels, chemicals, textiles, and food products. It also is active in construction, shipping, finance, and leasing. The company's Machinery & Electric/Media, Electronics and Information unit accounts for 37% of the Sumitomo's revenues. Sumitomo Corporation is a member of the Sumitomo "keiretsu", a group of companies united by cross-ownership. Like other "sogo shosha" beset by Japan's financial woes, the trading firm, which has more than 730 subsidiaries in 89 countries, is reorganizing to focus on it core growth businesses.

 COMPETITION
ITOCHU Corporation (ITOCY)
Mitsubishi Corporation (MSBHY)
Mitsui & Co., Ltd. (MITSY)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 79,793.80
1-Yr. Sales Growth: (21.0)%
Employees: 8,192
Revenue per employee: $9,740,454.10

 KEY PEOPLE
• Kenji Miyahara
    CEO
• Takashi Nomura
    CFO

 CONTACT INFO
2-2, Hitotsubashi 1-chome, Chiyoda-ku
Tokyo 100-8601, Japan
Phone: 81-3-3217-5000
Fax: 81-3-3217-5128
Online: Web Site

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