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
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