The energy trading arm of Sumitomo is considering setting up an LNG desk in Singapore, the latest move by the Japanese company to strengthen its foothold in the seaborne market for the fuel. https://www.japantimes.co.jp/business/2026/01/08/economy/sumitomo-lng-trading-desk-singapore/?utm_medium=Social&utm_source=mastodon #business #economy #pacificsummitenergy #sumitomo #lng #energy #singapore
Japan’s major trading houses are facing a prolonged slump in iron ore and coking coal prices as Chinese steel exports flood into Asia and beyond, constraining profits for at least the next six months. https://www.japantimes.co.jp/business/2025/11/06/companies/china-steel-exports-trading-houses/?utm_medium=Social&utm_source=mastodon #business #companies #china #steel #mitsubishi #sumitomo #marubeni #itochu
Trading house Sumitomo has announced a plan to make Tokyo-based major information technology service provider SCSK a wholly owned subsidiary through a takeover bid valued at about ¥882 billion. https://www.japantimes.co.jp/business/2025/10/30/companies/sumitomo-takeover-scsk/?utm_medium=Social&utm_source=mastodon #business #companies #sumitomo #scsk #ai #acquisitions #shingoueno