Sumitomo Corporation
From Wikipedia, the free encyclopedia
Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group.
Sumitomo was founded in Kyoto in the 1600s by bookseller and chemist Masatomo Sumitomo. Its main industry through most of the Edo era was copper mining, a business started by Sumitomo's brother-in-law Riemon Soga. The company was incorporated in 1919.
In 1996, the company disclosed a loss of 2.6 billion dollars, blaming unauthorized trades by its chief copper trader, Yasuo Hamanaka, over a period of more than ten years.
Today, the company, Sumitomo Corporation, is one of the top three Sogo shosha companies in the world.
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[edit] Subsidiaries
- Bluewell Insurance
- Cantex
- Clickstream Capital
- JSAT
- Presidio Venture Partners
- The Seiyu, Ltd.
- SKY Perfect Communications Inc.
- Sumitomo Corporation Equity Asia Limited
- Sumitomo Mitsui Banking Corporation
- Summit Biotech
- Summit Energy
- United Cinemas
[edit] Shareholders
- Sumitomo Life Insurance Co.
- Sumitomo Mitsui Banking Corporation
- The Bank of Tokyo-Mitsubishi, Ltd.
- The Sumitomo Trust and Banking Co., Ltd.
- Japan Trustee Services Bank, Ltd.
- Mitsui Sumitomo Insurance Co., Ltd.
- NEC Corporation
- The Mitsubishi Trust and Banking Corporation
- The Dai-ichi Mutual Life Insurance Company
- UFJ Trust Bank Limited
