Streetbeat News

SSUMY

Sumitomo Corporation

https://www.sumitomocorp.com/

CEO

Masayuki Hyodo

Open

24.98

Mkt cap

29B

Volume

17K

High

24.98

P/E Ratio

11.00

52-wk high

28.90

Low

24.11

Div yield

0.04

52-wk low

19.00

Sumitomo Mitsui Financial is expected to see improved net interest margins and a 10% net profit increase by FY26 due to favorable rate environments and portfolio restructuring. The bank is divesting non-core investments to enhance profitability and return on equity.

Portfolio Pulse from

February 11, 2025 | 6:15 pm

Goodyear Tire & Rubber Company (GT) has signed a definitive agreement to sell the Dunlop brand, including trademarks and intangible assets, to Sumitomo Rubber Industries.

Portfolio Pulse from

January 09, 2025 | 5:00 pm

Goodyear Tire & Rubber Co is selling its Dunlop brand to Sumitomo Rubber Industries for $701 million in cash.

Portfolio Pulse from

January 08, 2025 | 2:30 am

Goodyear Tire & Rubber Company has announced the sale of the Dunlop brand to Sumitomo Rubber Industries for approximately $701 million. This move is part of Goodyear's strategy to optimize its brand portfolio. Goodyear will continue to supply Dunlop tires to Sumitomo under a five-year agreement and retain rights to Dunlop trademarks for certain tire categories.

Portfolio Pulse from

January 08, 2025 | 2:15 am

Sumitomo Mitsui Financial Group (SMFG) is considering expanding its collaboration with Jefferies Financial Group (JEF) to explore new business areas, including equity trading, and to drive growth in the Asia-Pacific region.

Portfolio Pulse from

December 30, 2024 | 4:30 pm

Kenorland Minerals Ltd. has completed a top-up right involving Sumitomo Metal Mining Canada Ltd. and Centerra. This development follows a previous announcement made on December 19, 2024.

Portfolio Pulse from

December 20, 2024 | 9:45 pm

Kenorland Minerals Ltd. announced that Sumitomo Metal Mining Canada Ltd. has exercised its top-up right as per their investor rights agreement. This development is part of the ongoing collaboration between the two companies.

Portfolio Pulse from

December 19, 2024 | 12:45 pm

The UAE methionine market is projected to grow significantly, surpassing USD 25 million by 2029. Key players in this market include Evonik Gulf FZE, Novus International FZE, Sumitomo Corporation Middle East FZE, Soukare Pharmacy, and Adisseo Animal Nutrition DMCC.

Portfolio Pulse from

December 12, 2024 | 9:15 am

Rio Tinto has entered into a joint venture with Sumitomo Metal Mining to develop the Winu copper-gold project in Western Australia. This partnership aims to advance the project, potentially impacting the involved companies' operations and financials.

Portfolio Pulse from

December 04, 2024 | 3:00 pm

GE HealthCare is set to acquire the remaining 50% stake in Nihon Medi-Physics from Sumitomo Chemical, enhancing its position in the radiopharmaceutical sector.

Portfolio Pulse from

December 02, 2024 | 5:00 am

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