Komori
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · InitiativeAdvanced

Acquisition of U.S. Sulfuric Acid Business

First written in FY2024-Q1. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2025.

4entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2024-Q1 – FY2024-Q3AdvancedFY2024 – FY20252023: 120232024: 220242025: 12025
Same theme, other companies
Expansion of the business base through acquisitions and subsidiary formation in the chemicals businessA theme 4 companies write about · 0 as a headwind · 4 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025AdvancedAnnual report

    「In the basic chemicals field, where the company acquired a US sulfuric acid business in fiscal 2023, it will further strengthen earnings power and downside resilience by expanding functions that leverage its business foundations, including its customer and supplier base, manufacturing operations and logistics assets.」

    Following the acquisition of the US sulfuric acid business, the company moved to the stage of strengthening earnings power and downside resilience by leveraging its customer, manufacturing and logistics platforms.
  2. FY2024AdvancedAnnual report

    「In the basic chemicals field, where the company acquired a US sulfuric acid business in fiscal 2023, it will further strengthen earnings power and downside resilience by expanding functions that leverage its business foundations, including its customer and supplier base, manufacturing operations and logistics assets.」

    The acquisition of the US sulfuric acid business was completed as a business combination during the fiscal year, and the company moved to the stage of strengthening earnings power and downside resilience by leveraging its existing customer, manufacturing and logistics platforms.
  3. FY2024-Q3RestatedAnnual report

    「Investment and financing: acquisition of a US sulfuric acid business, acquisition of domestic and overseas real estate projects, etc.」

    Investment and financing activities including the acquisition of a US sulfuric acid business and domestic and overseas real estate projects continued to be disclosed as results for the nine months ended the third quarter.
  4. FY2024-Q1First statedAnnual report

    「Cash flow from investing activities was an outflow of ¥60.8 billion, reflecting cash inflows, including proceeds recovered from the sale of the company-owned retail business within the US tire sales business, while investments and loans were made for the acquisition of the US sulfuric acid business and domestic and overseas real estate projects.」

    The acquisition of a US sulfuric acid business was mentioned for the first time as an investment and financing project during the first quarter. The acquisition price, target company and business commencement date were not disclosed.
Moved together

"Upstream Resources Portfolio Management and Strengthening of Specialized Capabilities" moved the same way as this thread, in the same document, in 2 of its 4 moves.

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  1. ★This thread
  2. 1Upstream Resources Portfolio Management and Strengthening of Specialized Capabilities2×
  3. 2Establishing the Management Committee as a decision-making body and strengthening the Board of Directors’ oversight function2×
  4. 3Nomination and Remuneration Advisory Committee Composed Primarily of Outside Directors and Board Effectiveness Evaluation2×
  5. 4Strategic shareholdings held to maintain and strengthen business relationships2×
  6. 5Advancing the Human Resources Strategy Centered on Diversity & Inclusion2×
  7. 6Climate change response and shift toward a low-environmental-impact power generation portfolio2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.)'s next results are scheduled for 2026-11-02. Read the earnings preview
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