Sumitomo Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Shingo Ueno

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	no data
CEO ownership	0.005%
Management average tenure	2.6yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO

Shingo Ueno (64 yo)

no data

Tenure

Mr. Shingo Ueno served as Executive Vice President at Sumitomo Corporation since 2021 until 2023 and was its Head of Energy Innovation Initiative (Metal Products Business Unit and Mineral Resources, Energy...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kuniharu Nakamura	Director & Special Advisor	no data	JP¥135.00m	0.015% ¥ 4.4m
Shingo Ueno	President	no data	no data	0.0046% ¥ 1.3m
Reiji Morooka	Senior Managing Executive Officer	2.3yrs	no data	0.0024% ¥ 688.1k
Yasuhiro Yoshida	Assistant CFO & GM of Accounting Controlling Department	3yrs	no data	no data
Tatsushi Tatsumi	Executive Officer and Chief Digital & Information Officer	1.3yrs	no data	no data
Takayuki Seishima	Executive Vice President	5yrs	no data	0.0033% ¥ 945.0k
Yoshinori Takayama	Corporate Officer & GM of Investor Relations Dept.	no data	no data	no data
Toshikazu Nambu	Assistant to President & CEO and Adviser of Chief Digital Officer	no data	no data	no data
Masaki Nakajima	Senior Managing Executive Officer and GM of Media & Digital Business Unit	11yrs	no data	no data
Yoshiyuki Sakamoto	Senior Managing Exe. Officer and GM of Mineral Resources	4.3yrs	no data	no data
Keigo Shiomi	Managing Executive Officer and GM of Asia & Oceania	10yrs	no data	no data
Hirokazu Higashino	Senior Managing Executive Officer	less than a year	no data	0.0022% ¥ 616.7k

2.6yrs

Average Tenure

63yo

Average Age

Experienced Management: SUMA's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kuniharu Nakamura	Director & Special Advisor	14.8yrs	JP¥135.00m	0.015% ¥ 4.4m
Shingo Ueno	President	no data	no data	0.0046% ¥ 1.3m
Reiji Morooka	Senior Managing Executive Officer	1.8yrs	no data	0.0024% ¥ 688.1k
Takayuki Seishima	Executive Vice President	4.8yrs	no data	0.0033% ¥ 945.0k
Hirokazu Higashino	Senior Managing Executive Officer	1.8yrs	no data	0.0022% ¥ 616.7k
Takahisa Takahara	Independent Outside Director	less than a year	no data	no data
Daisuke Mikogami	Full-Time Senior Audit & Supervisory Board Member	1.3yrs	no data	0.0029% ¥ 816.5k
Akiko Ide	Independent Outside Director	3.8yrs	no data	no data
Kimie Iwata	Independent Outside Director	5.8yrs	no data	no data
Takashi Mitachi	Independent Director	1.8yrs	no data	no data
Masayuki Hyodo	Chairman of the Board of Directors	5.8yrs	no data	0.0088% ¥ 2.5m
Hisashi Yamazaki	Independent Outside Director	5.8yrs	no data	no data

2.8yrs

Average Tenure

64yo

Average Age

Experienced Board: SUMA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Sumitomo Management

Management criteria checks 1/4

Key information

Recent management updates

Sumitomo Corporation Announces Chief Executive Officer Changes, Effective on April 1, 2024

Sumitomo Corporation, Annual General Meeting, Jun 23, 2023

Less than half of directors are independent

Less than half of directors are independent

Sumitomo Corporation, Annual General Meeting, Jun 24, 2022

Sumitomo Corporation, Annual General Meeting, Jun 24, 2022

Recent updates

Sumitomo Corporation to Report Fiscal Year 2024 Results on May 02, 2024

Upcoming dividend of JP¥62.50 per share

Third quarter 2024 earnings released: EPS: JP¥97.59 (vs JP¥91.22 in 3Q 2023)

Sumitomo Corporation Announces Chief Executive Officer Changes, Effective on April 1, 2024

Sumitomo Corporation to Report Q3, 2024 Results on Feb 05, 2024

Sumitomo Corporation Provides Earnings Guidance for the Year Ending March 31, 2024

Second quarter 2024 earnings released: EPS: JP¥127 (vs JP¥156 in 2Q 2023)

Sumitomo Corporation Revises Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2024

Upcoming dividend of JP¥60.00 per share at 3.8% yield

Sumitomo Corporation to Report Q2, 2024 Results on Nov 02, 2023

First quarter 2024 earnings released: EPS: JP¥105 (vs JP¥124 in 1Q 2023)

JBM Auto Top Contender for Controlling Stake in SML Isuzu

Sumitomo Corporation to Report Q1, 2024 Results on Aug 03, 2023

Mubadala, Others Reportedly Eye Stake in I Squared's India Gas Business

Sumitomo Corporation (TSE:8053) announces an Equity Buyback for 12,000,000 shares, representing 0.97% for ¥20,000 million.

Full year 2023 earnings released: EPS: JP¥452 (vs JP¥371 in FY 2022)

Sumitomo Corporation, Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥57.50 per share at 5.1% yield

Third quarter 2023 earnings released: EPS: JP¥91.22 (vs JP¥75.27 in 3Q 2022)

Sumitomo Corporation (TSE:8053) announces an Equity Buyback for 33,000,000 shares, representing 2.64% for ¥50,000 million.

Sumitomo Corporation Provides Earnings Guidance for the Year Ending March 31, 2023

Sumitomo Corporation (TSE:8053) acquired unknown stake of Nileworks Inc. from INCJ, Ltd.

Sumitomo Corporation (TSE:8053) completed the acquisition of 56.158034% stake in Sumitomo Precision Products Co., Ltd. (TSE:6355) from the group of shareholders for ¥10.9 billion.

Sumitomo Corporation to Report Q3, 2023 Results on Feb 06, 2023

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: JP¥156 (vs JP¥107 in 2Q 2022)

Sumitomo Corporation Provides Dividend Guidance for the Year Ending March 31, 2023

Sumitomo Corporation to Report Q2, 2023 Results on Nov 04, 2022

Upcoming dividend of JP¥45.00 per share

First quarter 2023 earnings released: EPS: JP¥124 (vs JP¥85.85 in 1Q 2022)

Sumitomo Corporation Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023

Newmont Second Capital Corporation completed the acquisition of remaining 5% stake in Minera Yanacocha S.R.L. from Sumitomo Corporation (TSE:8053).

Sumitomo Corporation to Report Q1, 2023 Results on Aug 03, 2022

Less than half of directors are independent

Sumitomo Corporation, Annual General Meeting, Jun 24, 2022

Full year 2022 earnings released: EPS: JP¥371 (vs JP¥122 loss in FY 2021)

Sumitomo Corporation, Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Newmont Second Capital Corporation agreed to acquire remaining 5% stake in Minera Yanacocha S.R.L. from Sumitomo Corporation (TSE:8053) for $48 million.

Upcoming dividend of JP¥65.00 per share

South32 Limited (ASX:S32) completed the acquisition of 13.5% stake in Sierra Gorda S.C.M. from Sumitomo Corporation (TSE:8053).

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Sumitomo Corporation Provides Year-End Dividend Guidance for the Full Year Ending March 31, 2022

Second quarter 2022 earnings released: EPS JP¥107 (vs JP¥15.29 loss in 2Q 2021)

Upcoming dividend of JP¥35.00 per share

First quarter 2022 earnings released: EPS JP¥85.85 (vs JP¥32.88 loss in 1Q 2021)

ZERO Co., Ltd. (TSE:9028) agreed to acquire remaining 75% stake in Zero Scm Logistics (Beijing) Co., Ltd. from CITIC Industrial Investment Ningbo Co., Ltd., Mitsui O.S.K. Lines, Ltd. (TSE:9104) and Sumitomo Corporation (TSE:8053).

Outside Audit & Supervisory Board Member Haruo Kasama has left the company

Outside Audit & Supervisory Board Member Haruo Kasama has left the company

Chori Co., Ltd. (TSE:8014) completed the acquisition of Sumitex International Co., Ltd. from Sumitomo Corporation (TSE:8053)

Full year 2021 earnings released: JP¥122 loss per share (vs JP¥137 profit in FY 2020)

Sumitomo Corporation Provides Consolidated Earnings Guidance for Fiscal Years 2022 and 2023

Sumitomo Corporation Revises Earnings Guidance for the Year Ending March 31, 2021

Deka-ImmobilienGlobal (DB:D3KA) managed by Deka Immobilien GmbH acquired Sumitomo Corporation (TSE:8053).

Upcoming dividend of JP¥35.00 per share

New 90-day high: €12.30

Third quarter 2021 earnings released: JP¥42.82 loss per share (vs JP¥47.18 profit in 3Q 2020)

An unknown buyer acquired Eagle Ford Tight Oil Project in U.S. from Sumitomo Corporation (TSE:8053).

New 90-day high: €11.70

Sumitomo Corporation (TSE:8053) acquired Ever Asia.

Sumitomo Corporation to Report Q3, 2021 Results on Feb 04, 2021

New 90-day high: €11.40

Second quarter 2021 earnings released: JP¥15.30 loss per share

New 90-day low: €9.55

Tech Mahindra Limited Executes Joint Venture Agreement with Sumitomo Corporation, Japan

KGHM Polska Miedz Says Sumitomo Plans To Sell 45% Stake In Sierra Gorda

Isuzu Motors Ltd. (TSE:7202) completed the acquisition of an additional 11% stake in SML ISUZU Ltd (BSE:505192) from Sumitomo Corporation (TSE:8053).

Cryopeak LNG Solutions Corporation Signs Memorandum of Understanding with Sumitomo Corporation in North America'sPacific Northwest Ports

Sumitomo Corporation (TSE:8053) completed the acquisition of ASAMA GIKEN CO., LTD. from Honda Motor Co., Ltd. (TSE:7267).