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Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · InitiativeReframed

Ongoing Review of Business Segments to Optimize the Allocation of Management Resources and Functions

First written in FY2018-Q1. 8 of 21 entries say "Restated". Latest entry: 2026-11-02.

21entries
10years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2020-Q1 – FY2021-Q1AdvancedFY2021 – FY2023-Q1RestatedFY2025-H1 – FY20252017: 220172018: 420182019: 220192020: 220202021: 120212022: 220222023: 120232024: 320242025: 120252026: 32026
Same theme, other companies
Ongoing business segment review through SBU restructuring and the separation of digital and AIA theme 1 companies write about · 0 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026ReframedAnnual report

    「Effective 1 April 2026, we changed the DX & IT Group from an organization under the corporate-wide organization to the Sales Group and changed the name of the DX & IT Group to the Digital & AI Group. We also changed the Digital SBU from an organization under the Media & Digital Group to an organization under the Digital & AI Group.」

    The 9-group structure based on SBUs was reorganized so that Digital & AI would be treated as an independent Sales Group. The planned renaming of the Media & Digital Group to the Communication Services Group was also announced.
  2. FY2025RestatedAnnual report

    「We use Strategic Business Units (SBU), which are centered on strategy, as our basic organizational units and divide them into 9 segments (groups) that bring together SBUs with a high degree of strategic affinity.」

    The organizational restructuring in April 2024, under which we operate with SBUs as the basic units and 9 groups, continues in the current period.
  3. FY2025-H1RestatedAnnual report

    「In addition, effective 1 April 2024, we abolished the Business Divisions, the Energy Innovation Initiative, headquarters and departments, and now operate based on Strategic Business Units (SBU), which are strategic business units. We newly established 9 groups to oversee the SBUs: Steel, Automotive, Transportation Equipment & Construction Machinery, Integrated Urban Development, Media & Digital, Lifestyle, Resources, Chemicals, Electronics & Agriculture, and Energy Transformation.」

    The abolition of the former organization effective 1 April 2024, operations based on SBUs and the 9-group structure continue to be presented for the current interim consolidated accounting period.
  4. FY2024ReframedAnnual report

    「Effective 1 April 2024, we abolished the Business Divisions, the Energy Innovation Initiative, headquarters and departments, and now operate based on Strategic Business Units (SBU), which are strategic business units. We newly established 9 groups to oversee the SBUs: Steel, Automotive, Transportation Equipment & Construction Machinery, Integrated Urban Development, Media & Digital, Lifestyle, Resources, Chemicals, Electronics & Agriculture, and Energy Transformation.」

    We abolished the former 6 Business Divisions and EII and changed our organizational operations to a 9-group structure based on SBUs.
  5. FY2024-Q3RestatedAnnual report

    「Effective 1 April 2023, we changed the DX promotion support function from an organization under the Media & Digital Business Division to an organization under the corporate-wide organization. Accordingly, segment information for the same period of the previous year has been reclassified and presented.」

    The organizational restructuring dated 1 April 2023, under which the DX promotion support function was changed to the corporate-wide organization, together with the reclassification of information for the same period of the previous year, continues to be presented.
  6. FY2024-Q1AdvancedAnnual report

    「Effective 1 April 2023, we changed the DX promotion support function from an organization under the Media & Digital Business Division to an organization under the corporate-wide organization. Accordingly, segment information for the same period of the previous year has been reclassified and presented.」

    The DX promotion support function was changed from the Media & Digital Business Division to the corporate-wide organization, specifying the allocation of the function across the Company.
  7. FY2023-Q2RestatedAnnual report

    「Effective 1 April 2022, we changed the precision agriculture business from an organization under the Transportation Equipment & Construction Machinery Business Division to an organization under the Resources & Chemicals Business Division. On the same date, we also changed the digital health business from an organization under the Media & Digital Business Division to an organization under the Lifestyle & Real Estate Business Division. Accordingly, segment information for the same period of the previous year has been reclassified and presented.」

    The segment changes dated 1 April 2022 for the precision agriculture and digital health businesses, together with the reclassification of information for the same period of the previous year, continue to be presented.
  8. FY2023-Q1AdvancedAnnual report

    「Effective 1 April 2022, we changed the precision agriculture business from an organization under the Transportation Equipment & Construction Machinery Business Division to an organization under the Resources & Chemicals Business Division. On the same date, we also changed the digital health business from an organization under the Media & Digital Business Division to an organization under the Lifestyle & Real Estate Business Division. Accordingly, segment information for the same period of the previous year has been reclassified and presented.」

    The precision agriculture business was changed from the Transportation Equipment & Construction Machinery Division to the Resources & Chemicals Division, and the digital health business from the Media & Digital Division to the Lifestyle & Real Estate Division, with the segment information reclassified.
  9. FY2021AdvancedAnnual report

    「Effective 1 April 2021, we changed the Light Metals Business Division from an organization under the Metals Business Division to an organization under the Resources & Chemicals Business Division. Also effective 1 April 2021, we newly established the Energy Innovation Initiative and changed the Zero Emissions Business Division, formerly under the Infrastructure Business Division, the Timber Resources Business Division and Biomass Fuels Division, formerly under the Lifestyle & Real Estate Business Division, and the Hydrogen Business Division, formerly under the Resources & Chemicals Business Division, to organizations under the Energy Innovation Initiative.」

    We carried out an organizational restructuring that changed the Light Metals Business to the Resources & Chemicals Division and consolidated energy-related organizations from multiple divisions under EII.
  10. FY2021-Q2ReframedAnnual report

    「We pursue businesses including cable television, fifth-generation mobile communications system (5G)-related services, multichannel programming supply, films, digital media-related services, video content-related services, television shopping, e-commerce, ICT platforms, digital solutions, global CVC (startup investments), mobile phone sales, and information and communications infrastructure and mobile value-added services.」

    The scope of the Media & Digital Business Division was changed and reorganized to include 5G-related services, digital solutions and global CVC, among other businesses.
  11. FY2021-Q1AdvancedAnnual report

    「Effective 1 April 2020, we changed part of the automotive parts manufacturing and sales business from an organization under the Transportation Equipment & Construction Machinery Business Division to an organization under the Metals Business Division, and the lithium-ion battery reuse business from an organization under the Transportation Equipment & Construction Machinery Business Division to an organization under the Infrastructure Business Division. Accordingly, segment information for the same period of the previous year has been reclassified and presented.」

    The automotive parts manufacturing and sales business was changed from the Transportation Equipment & Construction Machinery Division to the Metals Division, and the lithium-ion battery reuse business from the Transportation Equipment & Construction Machinery Division to the Infrastructure Division, with a specific review of the allocation of management resources and functions.
  12. FY2020-Q1AdvancedAnnual report

    「Effective 1 October 2018, we transferred the smart-city development business in northern Hanoi, Vietnam, which had been under the Living and Real Estate Business Division, to an organization under the Infrastructure Business Division and Headquarters. Accordingly, comparative segment information for the previous year has been reclassified and presented.」

    We transferred the smart-city development business from the Living and Real Estate Business Division to the Infrastructure Business Division and reclassified the segment information. This gave concrete form to the review of segments aimed at optimizing the allocation of management resources and functions.
  13. FY2019-Q3RestatedAnnual report

    「Effective 1 April 2018, we also strategically reviewed the grouping of business divisions from the perspectives of business fields and functions, reorganized the former 5 business divisions into 6, and decided to include the former Overseas Local Subsidiaries and Overseas Branches segment in each business segment.」

    We continue to explain the reorganization from 5 business divisions to 6 and the incorporation of the Overseas Local Subsidiaries and Overseas Branches segment into each business segment.
  14. FY2019-Q2ReframedAnnual report

    「Effective 1 October, we changed the name of the Media and ICT Business Division to the Media and Digital Business Division, and have used the new name in our presentation from the cumulative second quarter onward. This was solely a change in the segment name and had no impact on segment information.」

    In addition to reorganizing the structure from 5 business divisions to 6, we renamed the Media and ICT Business Division the Media and Digital Business Division. The Company stated that this had no impact on segment information.
  15. FY2019-Q1RestatedAnnual report

    「Effective 1 April 2018, we also strategically reviewed the grouping of business divisions from the perspectives of business fields and functions, reorganized the former 5 business divisions into 6, and decided to include the former Overseas Local Subsidiaries and Overseas Branches segment in each business segment.」

    In the first quarter under review, we continued to explain the reorganization from 5 business divisions to 6 effective 1 April 2018 and the incorporation of the Overseas Local Subsidiaries and Overseas Branches segment into each business segment.
  16. FY2018AdvancedAnnual report

    「In April of this year, in light of megatrends and changes in the business environment, we also strategically reviewed the Sales divisions from the perspectives of business fields and functions and reorganized them from 5 to 6 divisions to establish a structure for robustly implementing the growth strategy under the Medium-Term Management Plan 2020.」

    Effective 1 April 2018, we reorganized the structure from 5 business divisions to 6, thereby giving concrete form to the allocation of management resources based on business fields and functions.
  17. FY2018-Q3RestatedAnnual report

    「We continually review the segments to which businesses are assigned from the perspective of optimally allocating management resources and functions, and the above change was also made as part of this review.」

    We again explained the change in the segment to which interests in overseas affiliates, primarily in the Americas, were assigned as part of an ongoing review aimed at optimizing the allocation of management resources and functions.
  18. FY2018-Q2RestatedAnnual report

    「We continually review the segments to which businesses are assigned from the perspective of optimally allocating management resources and functions, and the above change was also made as part of this review.」

    We again explained the change in the segment to which interests in subsidiaries in the Americas were assigned as part of an ongoing review of segments aimed at optimizing the allocation of management resources and functions.
  19. FY2018-Q1First statedAnnual report

    「We continually review the segments to which businesses are assigned from the perspective of optimally allocating management resources and functions, and the above change was also made as part of this review.」

    Effective 1 April 2017, we changed the segment to which part of our interests in subsidiaries in the Americas was assigned, describing this as part of an ongoing review of segments aimed at optimizing the allocation of management resources and functions.
Moved together

"Strategic Reshuffling of the Asset Portfolio and Investment and Financing Plan" moved the same way as this thread, in the same document, in 6 of its 21 moves.

644433★123456
  1. ★This thread
  2. 1Strategic Reshuffling of the Asset Portfolio and Investment and Financing Plan6×
  3. 2Strengthening the Financial Position Through Asset Rotation and Interest-Bearing Debt Reduction4×
  4. 3Shareholder returns based on stable dividends and a dividend payout ratio of 25% or more4×
  5. 4Impairment risk in the resource and steel pipe businesses comes to the fore amid weak resource prices4×
  6. 5New Business Development Support, Full-Potential Plan, Asset Cycle, Digital Transformation3×
  7. 6Credit Risk of Customers, Investees and Derivatives Counterparties3×

★ 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 It last moved in the Earnings of 2026-11-02: "Reframed".
News
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