Company profile

Future of Sumitomo

#
Rank
377
| Quantumrun Global 1000

Sumitomo Corporation is one of the biggest global Sogo shosha general trading companies and is a diversified corporation. It is a member company of the Sumitomo Group and incorporated in 1919.

Home Country:
Sector:
Industry:
Trading
Website:
Founded:
1615
Global employee count:
70900
Domestic employee count:
Number of domestic locations:
17

Financial Health

Revenue:
$4010000000000 JPY
3y average revenue:
$3696666666667 JPY
Operating expenses:
$780000000000 JPY
3y average expenses:
$847666666667 JPY
Funds in reserve:
$880700000000 JPY
Market country
Revenue from country
0.40
Market country
Revenue from country
0.26

Asset Performance

  1. Product/Service/Dept. name
    Metal products
    Product/Service revenue
    556422000000
  2. Product/Service/Dept. name
    Transportation and construction systems
    Product/Service revenue
    591002000000
  3. Product/Service/Dept. name
    Environment and infrastructure
    Product/Service revenue
    201691000000

Innovation assets and Pipeline

Global brand rank:
96
Total patents held:
17959
Number of patents field last year:
254

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the wholesale sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the projected economic growth within the African and Asian continents over the next two decades, spurred largely by massive population and internet penetration growth forecasts, will result in a significant increase in regional and international commerce/trade.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

*Autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically. Such technological improvements will encourage greater regional and international trade that wholesalers will manage.

*Artificial intelligence (AI) systems will take over more and more of the administrative tasks and logistics management associated with purchasing items in bulk, shipping them across borders, and delivering them to end buyers. This will result in reduced costs, layoffs of white-collar workers, and a consolidation within the marketplace since larger wholesalers will afford advanced AI systems long before their smaller competitors.

COMPANY’S FUTURE PROSPECTS

Company Headlines