Our Business (2024)

FAQs

What does Sumitomo do? ›

Sumitomo Corp (Sumitomo) is a business enterprise that operates in metal products, infrastructure, transportation, construction systems, media, network and lifestyle retail, general products, real estate, financial services, logistics, mineral resources and energy, chemicals, and electronics industries.

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies to sole proprietorships, corporations, and partnerships.

The nature of a business defines its primary activities, how it operates, and its role in the market. Whether it's converting raw materials, selling products, offering expertise, or providing essential services, each business nature has its unique challenges and opportunities.

Ratings distribution

Sumitomo Corporation has an employee rating of 3.7 out of 5 stars, based on 527 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Through our main DUNLOP and FALKEN brands, we offer a range of products that play an important role in various areas of daily life in addition to society as a whole, including tires for passenger cars, trucks, buses, industrial vehicles and so forth.

The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.

Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations.

The word business comes from the word busy, and means doing things. It works on regular basis.

What is the old name of Sumitomo? ›

Birth and Growth of Sumitomo Corporation

The name of the company was changed from Sumitomo Real Estate Building to Nippon Engineering in November 1945, and this marked the official launch of the trading business. Nippon Engineering's head office sales department was set up in January 1946.

Sumitomo Corporation was originally founded as The Osaka North Harbour Company Limited (later renamed Sumitomo Real Estate Building Company Limited ) in December 1919. It engaged in real estate management, conducting land reclamation in the Hokko (North Port of Osaka) and development of the surrounding areas.

Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers. Businesses can be both profit or non-profit organizations that function to gain profits or achieve a social cause respectively.

You'll need to record all sales and other business receipts and keep supporting records such as invoices and bank statements. These can be paper copies or electronic versions, stored either on your computer or online using cloud accounting software such as FreeAgent.

Nature of Business Example

Here are examples that illustrate the functions of various business natures: Transportation - Provide transportation service to people and for goods. Manufacturing - It involves in manufacturing products. Agriculture - Cultivates crops and raises animals.

The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchanges (Tokyo, Nagoya and f*ckuoka) and is a constituent of the TOPIX and Nikkei 225 stock indices. Today, the company is one of the top three sōgō shōsha companies in the world.

Sumitomo Corporation is a Japan-based trading company. It operates in six business segments: Metal segment offers steel and nonferrous metal products. Transportation and Construction Equipment segment offers ships, aircrafts, rail transportation systems and construction equipment.

Sumitomo Corporation is ranked in the Fortune Global 500, an annual list complied and published by US Fortune magazine, for 29 years, as one of the global companies leading the world's development.