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Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · InitiativeFirst stated

Acquisition of a US construction equipment rental business

First written in FY2024. . Latest entry: FY2024.

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Expansion of the US construction equipment rental business through the acquisition of Sunstate EquipmentA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2024First statedAnnual report

    「The principal business combinations during the period included the acquisition of the construction equipment rental business of Sunstate Equipment Co., LLC and the acquisition of the sulfuric acid business in North America.」

    The acquisition of Sunstate Equipment's US construction equipment rental business was reported as a principal business combination for the period. Details of the consideration paid and other matters were disclosed in the business combinations note, and purchase accounting including ¥35.310 billion in goodwill was recorded.
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Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.)'s next results are scheduled for 2026-11-02. Read the earnings preview
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