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Sumitomo Corporation (Japanese: 住友商事株式会社, Hepburn: Sumitomo Shōji kabushiki gaisha) is one of the largest worldwide sōgō shōsha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.
The Sumitomo Group traces its roots to a bookshop in Kyoto founded circa 1615 by Masatomo Sumitomo, a former Buddhist monk. [1] Even today, management of the group is guided by his "Founder's Precepts", written in the 17th century.
In March 2005, Sumitomo Heavy Industries underwent an inspection by the Japan Fair Trade Commission (JFTC) for suspected collusion regarding contracts for flood control gates on rivers and dams commissioned by the Ministry of Land, Infrastructure, Transport and Tourism, the Water Resources Agency, and local governments.
Sumitomo Electric also continues to be the leading manufacturer of composite semiconductors (GaAs, GaN, InP), which are widely used in semiconductor lasers, LEDs, and mobile telecommunications devices. The company is one of the top three manufacturers in the world of optical fiber. Sumitomo Electric Industries is a part of the Sumitomo keiretsu.
Sumitomo Rubber Industries, Ltd. (住友ゴム工業株式会社, Sumitomo Gomu Kōgyo Kabushiki-gaisha) is a global tire and rubber company based in Japan. It is part of the Sumitomo Group . The company makes a wide range of rubber based products, including automobile tires , golf balls and tennis balls.
Sumitomo Mitsui Banking Corporation is the only bank that has a branch office in Tokyo Disneyland and Tokyo DisneySea. The branch is the legacy of Mitsui Bank, which was a member of the Mitsui Group when Oriental Land was established. Tokyo Disney Resort project was done by Mitsui Fudosan. [10]
In 2012, the company was acquired by the Japanese consortium of Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) and Sumitomo Corporation for US$7.3 billion which was the largest ever global sale of an aircraft leasing business. The sale completed on 1 June 2012 and the business was renamed ...
Sumitomo Pharma Company Limited (住友ファーマ株式会社, Sumitomo Fāma Kabushiki-Gaisha) is a Japanese multinational pharmaceutical company. The company is focused on oncology, psychiatry, neurology, women's health issues, urological diseases among other areas.