Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Sumitomo Corp    8053   JP3404600003

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Sumitomo Corp : Sumitomo Corporation to Launch E-commerce Business in China and Indonesia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/07/2012 | 08:23am CEST

Mar. 07, 2012
Sumitomo Corporation

Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; President and CEO: Susumu Kato) established Sumisho E-commerce Shanghai Ltd.(Head Office: Shanghai; President: Wataru Kuribayashi; hereinafter "SE Shanghai") in November 2011, and PT Sumisho E-commerce Indonesia (Head Office: Jakarta; President: Taketo Kokubo; hereinafter "SE Indonesia") in February 2012. Through these two subsidiaries, Sumitomo Corporation will launch an e-commerce business retailing consumer goods in China and Indonesia.

Sumitomo Corporation's current e-commerce business
Sumitomo Corporation has been proactively developing its e-commerce business as a key area to its growth strategy, focusing on the domestic market. The activities and growth of this business within Sumitomo Corporation group have been driven by Soukai Drug Co., Ltd. (Head Office: Shibuya-ku, Tokyo; President: Noriaki Komori; hereinafter "Soukai Drug"), an associated company of Sumitomo Corporation. Soukai Drug has been steadily expanding its online sales at the remarkable annual rate of almost 40 percent, significantly exceeding Japan's e-commerce businesses average of 10-20 percent. Currently offering a total of 80,000-plus household items in a broad range of categories from mineral water, health food, laundry/dishwasher detergent and fabric softener to pet care products, the online drugstore expects to post more than 12 billion yen in sales for this fiscal year. Also, the company's performance has been highly regarded, as illustrated by winning the grand prize for the third consecutive year in the "Rakuten Ichiba Shop of the Year" awards, hosted by Japan's largest e-commerce platform operator.

Utilizing online retailing know-how and a product procurement ability cultivated over many years by Soukai Drug, in combination with the logistics functions of the Group, Sumitomo Corporation will enter into e-commerce markets in the emerging economies of Asia, expecting a robust increase in domestic demand in these markets. Following the recent establishment of the two subsidiaries in China and Indonesia, Sumitomo Corporation is planning to expand its online retail business to other parts of Asia and to other regions in the world. Sumitomo's plan is to achieve 100 billion yen in annual e-commerce sales of food and household goods in combined Japanese and overseas markets.

Sumitomo Corporation's plan for e-commerce in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUMITOMO CORP
08/15 SUMITOMO CORPORATION : Group and US Hybrid Have High Hopes for Hydrogen-Powered ..
08/11 Sumitomo Corporation - Basic Agreement on Joint Investment in Automotive Forg..
08/11 SUMITOMO : SgurrEnergy backs Galloper deal
08/10 SUMITOMO : Basic Agreement on Joint Investment in Automotive Forged Parts Busine..
08/09 SUMITOMO : joins Macquarie in Galloper project
08/08 SUMITOMO CORPORATION : - Ambatovy Nickel Project in Madagascar to agree on Princ..
08/07 SUMITOMO : National tire chain to build store at old cycle store location
08/05 SUMITOMO : Ambatovy Nickel Project in Madagascar to agree on Principal Payment D..
08/02 SUMITOMO : Announces the Exercise Price of Stock Options
08/01 SUMITOMO : Notice Regarding Company Split (Simplified Absorption-type Company Sp..
More news
Sector news : Diversified Trading & Distributing
08/24DJBrazil Judge Authorizes Sale of Petrobras Unit
06/09 ESSENTRA : sees lower full-year adjusted operating profit
04/06 Chevron's $3 billion Asian geothermal assets to draw global suitors - sources
03/24 Japan's Mitsubishi to post first net loss on metals and energy slump
03/24DJMitsubishi Hit by Nearly $4 Billion in Commodities-Related Write-Downs
More sector news : Diversified Trading & Distributing
Advertisement
Financials ( JPY)
Sales 2017 7 275 891 M
EBIT 2017 -
Net income 2017 143 909 M
Debt 2017 2 740 783 M
Yield 2017 4,59%
P/E ratio 2017 9,58
P/E ratio 2018 8,28
EV / Sales 2017 0,56x
EV / Sales 2018 0,56x
Capitalization 1 362 532 M
More Financials
Chart SUMITOMO CORP
Duration : Period :
Sumitomo Corp Technical Analysis Chart | 8053 | JP3404600003 | 4-Traders
Full-screen chart
Technical analysis trends SUMITOMO CORP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 1 088  JPY
Spread / Average Target -0,14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kuniharu Nakamura President & Representative Director
Kazuo Ohmori Chairman
Hiroyuki Inohara Chief Financial Officer & Representative Director
Naoki Hidaka Representative Director, VP & Executive Officer
Michihiko Kanegae Representative Director, VP & Executive Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO CORP-11.49%13 376
MITSUI & CO LTD-6.84%23 668
ITOCHU CORP-18.68%19 116
BUNZL PLC26.53%10 666
MARUBENI CORP-19.73%8 491
HD SUPPLY HOLDINGS INC18.55%7 146
More Results