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Home > Company Index > Conglomerates > Conglomerates > Sumitomo Group

Sumitomo Group
 NEWS FROM THE STANDARD
Top Japan Firms to Join E-Market Builder
Nov 28 2000 08:21 AM PST

Liberty, Microsoft to Merge Japan Cable TV Assets
Jun 27 2000 10:01 AM PDT

Global B-to-B Venture to Launch in Japan
May 30 2000 07:17 AM PDT

 PROFILE
A company with the girth of a sumo wrestler, Sumitomo Group is one of Japan's oldest "keiretsu" (group of firms linked by cross-ownership). The group's heftiest members include Sumitomo Corporation, one of the world's leading trading companies and Sumitomo Life Insurance, the #3 mutual life insurance firm in the world. The group has been rocked by the Asian financial crisis, though Sumitomo Corporation is holding fast to its goal of investing in developing regions, particularly in Asia. Sumitomo Bank has merged with Mitsui's Sakura Bank to form Sumitomo Mitsui Banking Corporation (SMBC), one of the world's largest banks.

 COMPETITION
ITOCHU Corporation (ITOCY)
Mitsubishi Group (dossier)
Mitsui Group (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 100,998.00
1-Yr. Sales Growth: 5.7%
Employees: 8,192
Revenue per employee: $12,328,857.42

 KEY PEOPLE
• Kenji Miyahara
    CEO
• Takashi Nomura
    CFO

 CONTACT INFO
Sumitomo Corporation,
Tokyo 100-8601, Japan
Phone: 81-3-3217-5000
Fax: 81-3-5658-3070
Online: Web Site

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