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

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

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsofficial PublicationsSector 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 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
Latest news on SUMITOMO CORP
04/18SUMITOMO CORPORATION : Joins the Telemedicine BusinessInvests 500 million yen in..
04/17SUMITOMO : Japan Benex, Sumitomo Corp. to power plant with Nissan EVs, batteries..
04/17SUMITOMO : Japan Benex, Sumitomo Corp. to power plant with Nissan EVs, batteries
04/11WEC pre-qualifies bidders for Shuqaiq 3 project in Saudi Arabia
03/28SUMITOMO CORP : Ex-dividend day for for final dividend
03/27NISSAN MOTOR : spins up new plant to give second life to EV batteries
03/21SUMITOMO CORPORATION : Establishing content development joint venture with the D..
03/08Hyundai at the 2018 Geneva International Motor Show
03/07NOMURA : Announces Nomination of Members for Board of Directors
03/04JIEC : Industrial estate company 'did homework' during India visit last week
More news
News from SeekingAlpha
01/18MICHELIN : Strengthening Its Foothold In Wholesale 
2017Zinc Market Update 
2017A Glencore Restart Will Not Stop Zinc From Moving Higher 
2017Sumitomo Corp. ADR 2018 Q2 - Results - Earnings Call Slides 
2016Sumitomo Corp. ADR 2017 Q2 - Results - Earnings Call Slides 
Financials ( JPY)
Sales 2018 4 691 B
EBIT 2018 -
Net income 2018 318 B
Debt 2018 2 520 B
Yield 2018 3,22%
P/E ratio 2018 7,75
P/E ratio 2019 7,95
EV / Sales 2018 1,06x
EV / Sales 2019 1,05x
Capitalization 2 451 B
Duration : Period :
Sumitomo Corp Technical Analysis Chart | 8053 | JP3404600003 | 4-Traders
Technical analysis trends SUMITOMO CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 2 084  JPY
Spread / Average Target 6,3%
EPS Revisions
Kuniharu Nakamura Chairman & Chief Executive Officer
Masayuki Hyodo President
Koichi Takahata CFO, Representative Director & Head-Finance
Masao Tabuchi Representative Director & Head-Planning
Naoki Hidaka Representative Director & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO CORP1.24%22 405
ITOCHU CORP2.51%33 276
MITSUI & CO LTD5.42%31 262
SAMSUNG C&T CORP--.--%24 011
MARUBENI CORP-0.17%13 120