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May 01, 2024
 

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SUMITOMO

BUSINESS / Companies
Mar 26, 2014
Sumitomo Mitsui reportedly to hire four ex-UBS employees for equities
Sumitomo Mitsui Financial Group Inc. will hire four former UBS AG employees to expand its Japan equity business, according to a source.
Japan Times
BUSINESS / Companies
Feb 6, 2014
SMBC angles for housing units for seniors before health care REIT IPO
Sumitomo Mitsui Banking Corp. is seeking to buy about ¥10 billion in senior housing properties before taking its health-care real estate investment trust public.
Japan Times
BUSINESS / Companies
Jan 16, 2014
Vice President Shindo to take helm of world's No. 2 steel maker NSSMC
Nippon Steel & Sumitomo Metal Corp. will name Vice President Kosei Shindo as president on April 1, replacing Hiroshi Tomono, the company said on Thursday.
Japan Times
BUSINESS / Companies
Dec 25, 2013
Sumitomo Mitsui may resume JGB buys once inflation picks up
Sumitomo Mitsui Financial Group Inc., the biggest seller of Japanese government bonds among the nation's three biggest banks, may start buying again once inflation picks up, President Koichi Miyata said.
BUSINESS / Companies
Dec 25, 2013
Refiners to merge LPG operations
Three oil refiners and trading firm Sumitomo Corp. plan to merge their liquefied petroleum gas import and wholesale operations in a move that would give them the largest share of Japan's LPG market.
BUSINESS / Companies
Dec 13, 2013
Sumitomo Mitsui to buy U.S. rail car lease firm
Sumitomo Mitsui Financial Group Inc. has agreed to buy railroad car-leasing company Flagship Rail Services LLC from a unit of Perella Weinberg Partners.
Japan Times
JAPAN
Nov 25, 2013
One dead, three hurt in blast at plant
One person died and two others sustained injuries and were taken to a hospital after an explosion Monday at Nippon Steel & Sumitomo Metal Corp.'s Yahata plant in Fukuoka Prefecture, according to the local fire department.
Japan Times
BUSINESS / Companies
Nov 15, 2013
Mitsubishi UFJ, Mizuho bump up profit goals
Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. raised their full-year profit goals after the economic revival spurred lending and an equity rally boosted fees and the value of their shareholdings.
Japan Times
BUSINESS
Nov 13, 2013
Mizuho has more loans to the mob
Mizuho Bank has outstanding loans to yakuza and other antisocial elements apart from car loans extended through its affiliate credit company, Orient Corp., President Yau00adsuu00adhiu00adro Sau00adto tells the Diet.
Japan Times
JAPAN
Nov 12, 2013
Sumitomo Mitsui affiliate may have extended loans to crime groups
Loans screened by a credit company under Sumitomo Mitsui Financial Group are suspected to have been extended to people linked to organized crime and other antisocial forces, Sumitomo Mitsui President Koichi Miyata says.
BUSINESS / Companies
Oct 11, 2013
Japan credit card sales seen accelerating on stock rally
Japanese credit card transactions will accelerate this year as rising stock prices boost consumer confidence and spending, according to Sumitomo Mitsui Financial Group Inc.'s card unit.
BUSINESS / Companies
Oct 1, 2013
Osaka Gas to enter U.K. tap water industry
Osaka Gas Co. said Monday it will buy a big stake in a utility supplying tap water to London and surrounding areas from Sumitomo Corp.
BUSINESS / Companies
Sep 3, 2013
Sumitomo, NGK win energy tender
NGK Insulators Ltd. and a group led by Sumitomo Electric Industries Ltd. have been picked for a project aimed at reducing the cost of storage systems that can help integrate clean energy onto the grid.
JAPAN / Crime & Legal
Aug 18, 2013
Steel maker to pay if Korean ruling upheld
Nippon Steel & Sumitomo Metal will comply if South Korea's top court upholds a compensation ruling for four Koreans forced to work for its predecessors during the war.
Japan Times
BUSINESS
Aug 7, 2013
Can a battery jolt economy?
In a windy town in Hokkaido, an experiment is about to begin with a battery designed to transform the way electricity is supplied and at the same time boost Prime Minister Shinzo Abe's economic rescue plan.
BUSINESS / Markets
Jun 27, 2013
Three top banks to bump up mortgage rates in July
Three major banks are considering hiking their housing loan rates more in July as record-low long-term interest rates continue to edge up, sources said.
BUSINESS / Companies
Jun 26, 2013
Sumitomo Life eyes stake in Bank Negara's insurance unit
Sumitomo Life Insurance Co. is among companies preparing to bid for a stake in the life insurance unit of PT Bank Negara Indonesia, according to two sources.
BUSINESS / Companies
Mar 14, 2013
Nippon Steel to halt furnaces, lines at four iron mills
Nippon Steel & Sumitomo Metal Corp. will halt operations of blast furnace and production lines at its four iron mills in Japan as part of efforts to streamline its business.
Japan Times
BUSINESS / Companies
Mar 13, 2013
Steelmaker to halt Kimitsu blast furnace
Nippon Steel & Sumitomo Metal Corp. will halt operations at a blast furnace at its iron mill in Kimitsu, Chiba Prefecture, sources said Tuesday.
Japan Times
BUSINESS / Companies
Mar 6, 2013
SMBC lender to up China branches
Sumitomo Mitsui Financial Group Inc.'s consumer loan unit plans to open as many as four China offices in the next two to three years, more than doubling the number to tap demand in the world's second-largest economy.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Golden Week crowds greeted with high temperatures as holiday period kicks off
The departure lobby for domestic flights is crowded with travelers at Haneda Airport in Tokyo on Saturday, the first day of this year's Golden Week holidays.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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