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May 01, 2024
 

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SUMITOMO

Japan Times
BASKETBALL
May 20, 2015
Hoop hero Okayama reflects on lost chance
Long before recent international Japanese basketball stars like Yuta Tabuse, Yuki Togashi and Yuta Watanabe, there was Yasutaka Okayama, who might have made a name for himself the same way they did.
BUSINESS / Companies
Apr 6, 2015
SMBC Trust to absorb Citi's retail business in Japan on Nov. 1
Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.'s consumer banking business in Japan on Nov. 1.
BUSINESS / Companies
Mar 25, 2015
Trader Sumitomo braces for worst losses since 1997
Sumitomo Corp. said it expects an annual loss of ¥85 billion ($711 million), more than four times the number forecast by analysts, after the trading house posted additional write-downs on its resources investments.
BUSINESS / Companies
Jan 27, 2015
What a difference oil price makes, as Marubeni joins writedowns
"I couldn't believe that oil would drop this far," said Marubeni Corp. Chief Executive Officer Fumiya Kokubu.
Japan Times
BUSINESS / Companies
Dec 25, 2014
Sumitomo Mitsui to hire foreign managers in global push
Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion.
BUSINESS
Dec 9, 2014
Sumitomo Mitsui reportedly to buy Citigroup's Japan bank
Sumitomo Mitsui Financial Group Inc. will announce an agreement to buy Citigroup Inc.'s Japanese consumer-banking business as soon as next week, sources with knowledge of the matter said.
Japan Times
BUSINESS / Companies
Nov 8, 2014
Two banks emerge as potential buyers of Citigroup Japan units
Citigroup Inc. has held the second round of an auction to sell its retail and credit card businesses in Japan, apparently short-listing two domestic banks, sources close to the matter said.
COMMUNITY / How-tos / LIFELINES
Nov 2, 2014
Closing a bank account from outside Japan; a new way to pay NHK
Advice on closing a bank account from abroad, and how you could lump your NHK fees together with cable TV payments.
BUSINESS / Companies
Sep 30, 2014
Sumitomo shares plunge over huge investment losses
Sumitomo shares post their biggest fall in almost two decades after the trading house said it lost $2.2 billion on investments, including Texas shale oil and Australian coal mining.
JAPAN
Sep 3, 2014
Over a dozen workers injured in blast at Nippon Steel plant in Aichi
More than a dozen steelworkers were injured when a coke oven blew up at a Nippon Steel & Sumitomo Metal Corp. factory in Tokai, Aichi Prefecture, police said Wednesday.
Japan Times
BUSINESS / ANALYSIS
Aug 28, 2014
Megabanks break glass ceiling for foreign managers
Japan's biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit.
BUSINESS
Aug 14, 2014
Japan's top three banks racing to secure licenses to open branches in Myanmar
Japan's top three banks are racing to open branches in Myanmar as investments in the country by Japanese companies are increasing on the back of its booming economy.
BUSINESS
Aug 13, 2014
Sumitomo joins Goldman in expecting the aluminum market to swing into a deficit
The global aluminum market will swing into a deficit this year for the first time since 2006 as cuts in output deepen and demand from automakers grows, according to trading house Sumitomo Corp.
Japan Times
BUSINESS / Companies
Jul 31, 2014
Mitsubishi UFJ profit falls less than estimated on lending, fees
Mitsubishi UFJ Financial Group Inc., the nation's biggest bank, reported Thursday a smaller-than-estimated decline in first-quarter profit as lending income and fees rose, shrugging off an equity-market slowdown.
BUSINESS / Companies
Jul 24, 2014
SMBC to lend ¥20 billion to Brazil's Amaggi to secure food supplies
Sumitomo Mitsui Banking Corp. will extend ¥20 billion in loans to Brazilian agribusiness company Amaggi to improve its distribution network and boost exports of corn and soybeans to Japan, according to sources close to the matter.
BUSINESS / Companies
Jul 17, 2014
KDDI, Sumitomo ink deal with Myanmar telecom for mobile phone service
KDDI Corp. and Sumitomo Corp. signed an agreement Wednesday with the state-run Myanmar Posts and Telecommunications to jointly operate a mobile phone service in the Southeast Asian country.
BUSINESS / Companies
Jul 16, 2014
Toyota to delay deliveries after 23,000 vehicles are covered in soot
Toyota Motor Corp. expects to delay delivery of about 23,000 vehicles by up to a month while it cleans up soot from a Nippon Steel & Sumitomo Metal Corp. plant in Aichi Prefecture.
BUSINESS / Companies
Jul 1, 2014
Banks OK multibillion-yen loans for Oita and Iwate biomass plant projects
Sumitomo Mitsui Banking Corp. and partners will provide a ¥6.3 billion loan for a biomass plant developed by a unit of First Energy Service Co.
BUSINESS
Apr 28, 2014
Insurers eye foreign bond buys
Three of four major life insurers may buy more foreign bonds in fiscal 2014 ending next March to seek higher returns because yields on Japanese government bond yields are predicted to stay at rock bottom, their asset management plans showed Friday.
Japan Times
BUSINESS / Companies
Mar 27, 2014
SMBC ups pay for first time in 19 years
Sumitomo Mitsui Financial Group Inc.'s lending unit has agreed to raise salaries for the first time in 19 years as an economic recovery spurs profit at Japan's second-largest bank by market value.
'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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