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Sumitomo Corporation

Sumitomo Corporation
Public KK
Traded as :
OSE: 8053
: 8053
: 8053
TOPIX 100 Component
Nikkei 225 Component
Industry General trading
Founded Osaka, Japan (December 24, 1919; 97 years ago (1919-12-24))
Headquarters Harumi Island Triton Square Office Tower Y 8-11 Harumi 1-chome, Chuo-ku, Tokyo 104-8610, Japan
Area served
Worldwide
Key people
Kazuo Ohmori
(Chairman)
Kuniharu Nakamura
(President and CEO)
Services Metal
Construction
Transportation
Infrastructure
Chemicals
Energy
Mineral resources
Food
Consumer Goods
Revenue

Increase$ 32.16 billion USD (FY 2013)

(¥ 3,317 billion JPY) (FY 2013)
Profit

Decrease$ 2.16 billion USD (FY 2013)

(¥ 223.06 billion JPY) (FY 2013)
Owner Liberty Global (3.65%)
Number of employees
74,638 (consolidated as of March 31, 2014)
Website Official website
Footnotes / references

Increase$ 32.16 billion USD (FY 2013)

Decrease$ 2.16 billion USD (FY 2013)

Sumitomo Corporation (住友商事株式会社 Sumitomo Shōji Kabushiki-gaisha?) is one of the largest worldwide Sogo shosha general trading companies, and is a diversified corporation. The company was incorporated in 1919, and is a member company of the Sumitomo Group.

It is listed on four Japanese (Tokyo, Osaka, Nagoya and Fukuoka) and is a constituent of the TOPIX and Nikkei 225 . Today, the company is one of the top three sōgō shōsha companies in the world.

The Sumitomo Group, of which Sumitomo Corporation is a key member, dates to the 17th century establishment of a book and medicine shop in Kyoto by Masatomo Sumitomo. Sumitomo's brother-in-law Riemon Soga developed a technology to extract silver from copper, and Soga's son (who married Sumitomo's daughter) Tomomochi Sumitomo expanded this smelting business to Osaka. From this start, the Sumitomo family expanded its business into copper mining (the Besshi copper mine), followed by textiles, sugar and medicine trading.


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