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May 22, 2024
 

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SUMITOMO

Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
Japan Times
JAPAN / Society
Apr 5, 2016
Some Japanese firms becoming more family-friendly with telecommuting and kids at work
In the face of a labor shortage and a push to get more women into the workforce, some Japanese companies are taking steps to accommodate the needs of working parents, such as allowing them to bring their children to the office or to work from home.
BUSINESS
Apr 1, 2016
Japanese banks see 'difficult' year ahead with negative rates
Negative interest rates will make next year a difficult one for Japanese lenders, and the central bank should examine the impact of the policy before pushing them further below zero, the new head of the country's banking lobby said.
BUSINESS / Companies
Mar 25, 2016
Thanks to negative rate, Japanese borrower can buy Dom Perignon after debt sale
By selling commercial paper at negative interest rates, a Japanese leasing company will get paid enough money to buy a bottle of Dom Perignon Rose Vintage 2004 if it wants.
BUSINESS
Feb 25, 2016
Mizuho union follows rivals in seeking no pay hike
The labor union of Mizuho Financial Group Inc. decided Wednesday not to request a pay-scale hike at this year's wage talks, given that the banking group has taken a battering from the central bank's negative interest policy, sources said.
Japan Times
BUSINESS / Companies
Feb 5, 2016
Sumitomo swings to loss, cuts forecast as writedowns mount
Sumitomo Corp. swung to a net loss in the third quarter and cut its full-year profit target by more than half as impairments on the value of its resources investments widened amid the slump in commodity prices.
BUSINESS
Dec 25, 2015
SMFG chief says 'cautious' approach to lending needed in slowing Asia
Sumitomo Mitsui Financial Group Inc.'s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region's economic outlook.
JAPAN / Crime & Legal
Nov 13, 2015
Korean court orders Japanese steel maker to compensate forced wartime laborers
A South Korean court on Friday ordered Nippon Steel & Sumitomo Metal Corp. to compensate seven Koreans who were forced to work at one of its predecessor companies during the war a total of 700 million won (about ¥74 million).
Japan Times
JAPAN
Nov 12, 2015
Prime contractor for tilting Yokohama condo makes first public apology
The vice president of Sumitomo Mitsui Construction, the prime contractor for the tilting condominium building in Yokohama, has apologized over the incident — the first such acknowledgment of regret by the company since the scandal broke mid-October.
BUSINESS / Companies
Nov 11, 2015
Sumitomo Mitsui Construction says it cannot estimate earnings impact of scandal
Sumitomo Mitsui Construction Co. said Wednesday it cannot estimate the impact on future earnings of a scandal that began with falsified data for pilings of a now-tilting condominium building.
BUSINESS
Nov 4, 2015
Toyota, two firms to help ventures developing new technologies
Toyota Motor Corp. and two other companies will invest a total of ¥13.5 billion ($111 million) in a new fund to support venture companies developing next-generation technologies, the firms said Wednesday.
BUSINESS / Companies
Sep 30, 2015
Nippon Steel settles proprietary technology lawsuits with South Korean firm Posco
Nippon Steel & Sumitomo Metal Corp. said Wednesday it has reached a settlement with major South Korean steel maker Posco and its subsidiaries over damages suits related to the Japanese company's proprietary steel sheet production technology.
BUSINESS
Sep 9, 2015
Takeover of Amlin makes other Lloyd's insurers bid targets
Amlin PLC's $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd's of London insurers in the spotlight for a possible takeover.
Japan Times
BUSINESS / Companies
Sep 8, 2015
Mitsui Sumitomo Insurance to buy British insurer Amlin for ¥635 billion
Mitsui Sumitomo Insurance Co. said Tuesday that it will buy Britain's nonlife insurer Amlin PLC for around ¥635 billion, as it pursues global expansion in the face of a shrinking domestic market.
BUSINESS / Companies
Aug 31, 2015
Sumitomo Mitsui zeros in on U.S. 'fintech' sector
Sumitomo Mitsui Financial Group Inc.'s credit card unit is zeroing in on investments in the U.S. financial-technology sector, as Japan plays catchup to other developed economies in electronic payments.
Japan Times
BUSINESS / Companies
Aug 18, 2015
Tokyo building boom causes debt fatigue as Sumitomo yields rise
Sumitomo Realty & Development Co. is forecasting a third-straight year of record operating income as "Abenomics," the name give to Prime Minister Shinzo Abe's economic policies, spurs a property market boom. That doesn't mean investors have unlimited appetite for its debt.
BUSINESS / Companies
Aug 12, 2015
Sumitomo Life to buy Buffett-backed Symetra for $3.8 billion
Sumitomo Life Insurance Co. agreed to buy Symetra Financial Corp. for about $3.8 billion (¥473.5 billion) as the Japanese company seeks to expand in the U.S.
BUSINESS / Companies
Aug 7, 2015
Sumitomo Metal Mining cuts profit target as China demand slows
Sumitomo Metal Mining Co., the largest domestic nickel producer, cut its first-half profit forecast as China's slower demand weakens commodity prices more than anticipated, the company said in a statement Friday.
BUSINESS
Jul 27, 2015
Japan banks likely to report gains in fees, overseas lending: analysts
Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan's biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.
BUSINESS / Companies
Jul 9, 2015
SMBC Nikko aims to hire rare experts to manage riskier bank debt
Sumitomo Mitsui Financial Group Inc. is seeking as many as six new hires for a team specializing in underwriting bonds issued by banks that would insulate taxpayers from costs if the lenders later fail.
Why half of Japan's cities are at risk of disappearing in 100 years
A couple looks out onto the Fukuoka nightscape. Due to its distance from Tokyo and its close proximity to South Korea and China, professor Tomoya Mori believes that Fukuoka is one of the few metropolitan regions of Japan that will see some form of growth in the decades to come.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
America wasn’t made for walking, and it’s killing them
A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
Japan concerned over U.S. officials' remarks on atomic bombings
U.S. Sen. Lindsey Graham speaks to reporters during a news conference in Washington on Thursday.
Japan's revised immigration bill clears Lower House
Justice Minister Ryuji Koizumi speaks to reporters in Tokyo on Tuesday.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
The politicians moving Japan forward on climate
While not the most outspoken politician on the issue, digital minister Taro Kono has a track record of being serious in his commitment to addressing the climate crisis.
Morning-after pill buyers back prescription-free sales following trial
Some 2,181 morning-after pills were sold at 145 pharmacies across the nation, with Tokyo and Kanagawa Prefecture recording over 200 sales each.
Want to be a voice actor? Stay 'true to the character'
SungWon Cho is a veteran with more than 10 years of experience portraying characters in anime, cartoons and video games.
Local theater in Japan is more than a hobby — it’s a community
Japan Times contributor Laura Pollacco (front right) was offered the role of one of her all-time favorite heroines, Elizabeth “Lizzie” Bennet, in the Tokyo International Players’ production of “Pride and Prejudice.”

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