Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

News SummaryMost relevantAll newsSector newsTweets 

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
03/07/2012 | 08:23am CET

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
Latest news on SUMITOMO CORP
01/19 SUMITOMO : Invests in European Biocontrol Company
01/16 SUMITOMO CORPORATION : - Resolution of the capital reduction of MUSA
01/13 SUMITOMO : Resolution of the capital reduction of MUSA
01/12 SUMITOMO CORPORATION : of Americas Taps Transwestern to Lease 1.5 Million SF
01/10 SUMITOMO : Belwind 2 delivers first power
01/09 CONFORMIS,INC. (NASDAQ : CFMS) Files An 8-K Entry into a Material Definitive Agr..
01/06 SUMITOMO : Diversified CPC Unites Business Entities with DEACOM ERP
2016 SUMITOMO : Shriners patients help ring in the new year at Winter Fest
2016 SUMITOMO CORPORATION : of Americas Purchases Atlanta Financial Center in $222.5 ..
2016 HORIZON TECHNOLOGY FINANCE : Strongbridge Biopharma Announces Closing of $35 Mil..
More news
Sector news : Diversified Trading & Distributing
01/19 SAMSUNG ELECTRONICS : South Korea prosecutors undecided on further arrest warran..
01/19 SAMSUNG ELECTRONICS : South Korea special prosecution says deeply regrets court ..
01/19 SAMSUNG ELECTRONICS : Key Samsung shares open up after court dismisses arrest wa..
01/16DJSAMSUNG ELECTRONICS : South Korea Indicts Pension Chief Involved in Samsung Merg..
01/16 SAMSUNG ELECTRONICS : Key Samsung shares steady, market awaits South Korea prose..
More sector news : Diversified Trading & Distributing
News from SeekingAlpha
2016 Sumitomo Corp. ADR 2017 Q2 - Results - Earnings Call Slides
Financials ( JPY)
Sales 2017 7 368 109 M
EBIT 2017 -
Net income 2017 144 493 M
Debt 2017 2 688 882 M
Yield 2017 3,56%
P/E ratio 2017 12,26
P/E ratio 2018 9,68
EV / Sales 2017 0,60x
EV / Sales 2018 0,60x
Capitalization 1 754 596 M
More Financials
Duration : Period :
Sumitomo Corp Technical Analysis Chart | 8053 | JP3404600003 | 4-Traders
Full-screen chart
Technical analysis trends SUMITOMO CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 10
Average target price 1 279  JPY
Spread / Average Target -8,8%
Consensus details
EPS Revisions
More Estimates Revisions
Kuniharu Nakamura President & Representative Director
Kazuo Ohmori Chairman
Koichi Takahata CFO, Representative Director & Head-Accounting
Naoki Hidaka Representative Director, VP & Executive Officer
Hideki Iwasawa Representative Director & Head-Human Resources
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO CORP2.00%15 252
MITSUI & CO LTD2.68%25 695
ITOCHU CORP0.61%22 618
SAMSUNG C&T CORP--.--%20 254
MARUBENI CORP3.99%10 315
BUNZL PLC1.33%8 815
More Results