Sumitomo Stock News

Greg Abel took over for Warren Buffett at the start of 2026, managing the bulk of Berkshire's portfolio. Abel said there are nine stocks where Berkshire will exhibit limited trading activity.

I continue to assign a "Buy" rating to Sumitomo Corporation after evaluating its latest corporate developments. Making SCSK a fully owned subsidiary should boost its future growth prospects and financ

I retain a "Buy" rating for Sumitomo Corporation, following an analysis of its latest M&A and cash management approach. SSUMY's acquisition of a stake in Air Lease is expected to boost its future bott

I'm upgrading Sumitomo Corporation to Buy, taking into account cautious management guidance and stock price appreciation potential. I expect an upward revision in earnings guidance after Sumitomo's Q1

Japan's Sumitomo and impact investment fund Builders Vision have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the cri

Berkshire Hathaway has increased its stakes in five major Japanese trading houses, nearing the 10% ownership threshold. Warren Buffett's annual letter revealed that these trading houses have agreed to

Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) has reportedly raised its stakes in five of Japan's largest trading houses.

Sumitomo Corporation delivered resilient results, driven by strong performance in mineral resources and offsetting factors in heavy businesses despite challenges in China, the US, and Madagascar. The

NEW YORK , Feb. 22, 2022 /PRNewswire/ -- Crystal Mover Services Inc. (CMSI), a joint venture between Sumitomo Corporation of Americas, Sumitomo Corporation and Mitsubishi Heavy Industries America (MHIA) , has successfully renewed a contract with the Miami-Dade Aviation Department (MDAD) for O&M of the Skytrain Automated People Mover (APM) system serving the North Terminal (Concourse D) at Miami International Airport (MIA). The contract covers a 5-year period commencing January 2022 , with an option extendable up to a further 5 years. This new contract also covers the renewal of signal and other equipment of the APM systems, including the manufacture and supply of two additional vehicles. "We are very pleased that CMSI has been granted the opportunity to continue to provide top-quality service for the Skytrain APM operation at Miami International Airport," said Bill Cannon , General Manager and SVP, Infrastructure Group at Sumitomo Full story available on Benzinga.com

Classiq, a Tel Aviv, Israel-based quantum software development provider, raised $33M in Series B funding. Backers included Hewlett Packard Pathfinder, Phoenix, Spike Ventures, Samsung NEXT, Lip-Bu Tan, Harvey Jones, Wing VC, Team8, Entrée Capital, Sumitomo Corp, and OurCrowd. This new round brings Classiq’s total funding to $48m in 20 months of existence. The company intends to use the […] The post Classiq Raises $33M in Series B Funding appeared first on FinSMEs .

SINGAPORE: ST Engineering said on Sunday (Feb 13) it has formed a consortium with Sumitomo Corporation and Skyports to provide unmanned aircraft (UA) for shore-to-ship parcel delivery in Singapore. During the nine-month pilot programme, the consortium will engage key customers for maritime unmanned aircraf

Perenti business idoba is partnering with Japans Sumitomo Corporation to create sustainable mining services products while completing two local acquisitions.

Perenti has signed a memorandum of understanding with Sumitomo Corporation, through its mining technology business arm, idoba.

Perenti has signed a memorandum of understanding with Sumitomo Corporation, through its mining technology business arm, idoba. Australian Mining .

The dawn of liquefied hydrogen is underway as the first shipment of the super-chilled fuel has left Australia for the Japanese port of Kobe, in what could become a game-changer for the energy industry. To achieve this feat, Australia and Japan committed $351 million to create a hydrogen supply chain between the two countries. This includes the construction of the worlds first purpose-built liquefied hydrogen carrier called the Suiso Frontier. This brings back memories of the ships Elizabeth Watts, which carried the worlds first ocean-going oil cargo in 1861, and the Methane Pioneer, responsible for moving the first LNG shipment in 1959. More than that, it signals that hydrogen can no longer be treated as a suggestion. This is kind of like a history-making event, with the first international shipment of liquid hydrogen for the purpose of trade between two countries, Daryl Wilson, executive director of industry body the Hydrogen Council, told Net-Zero Business Daily. As the climate warms and the world increasingly deepens the search for cleaner fuels, hydrogen could become even more significant.