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Sumitomo Metal Mining Co., Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. It operates through three segments: Mineral Resources, Smelting & Refining, and Materials. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and others; battery materials, such as nickel hydroxides, lithium nickel-cobalt-aluminum oxides, and lithium nickel manganese cobalt oxide; and crystal materials, including lithium tantalates/lithium niobates, optical isolators, faraday rotators, and substitute gallium gadolinium garnet. It also offers powder materials comprising thick film pastes, nickel and fine copper powders, nickel oxides, absorbing materials, sputtering targets, AuSn solder materials, rare earth magnetic materials, and lubricants; package materials consisting of copper-clad polyimide films and printed wiring boards; automotive, hydro processing (HPC), rejuvenation and regeneration of HPC, and petrochemical catalysts products; construction materials; and terminal and connectors. In addition, the company is involved in the water and precious metals recycling; water treatment and environment-related engineering; sterilization and property modification by irradiation; and domestic marine transportation businesses. Further, it engages in the real estate and technical engineering businesses. The company was formerly known as Seika Kogyo (Mining) Co., Ltd. and changed its name to Sumitomo Metal Mining Co., Ltd. in June 1952. Sumitomo Metal Mining Co., Ltd. was founded in 1590 and is headquartered in Tokyo, Japan.
The Sumitomo Group traces its roots to a bookshop in Kyoto founded circa 1615 by Masatomo Sumitomo, a former Buddhist monk. Even today management of the group is guided by his "Founder's Precepts", written in the 17th century.Copper refining made the company famous. Riemon Soga, Masatomo Sumitomo's brother-in-law, learned Western methods of copper refining. In 1590 he established a smelting business, Izumiya, literally meaning "spring shop". Riemon perfected techniques that allowed the extraction of silver from copper ore, something Japanese technology had not previously accomplished.The smelting and smithing business was moved from Kyoto to Osaka by the late 17th century. Soga passed control of the company to his son Tomomochi who managed its transformation into a major trading house during the Edo period. Sumitomo began to export copper, import silk, and provide financial services. By 1691, copper mining had been added to the portfolio.
The Meiji Restoration allowed Sumitomo to import and utilize Western machines and techniques in its mines. Sumitomo soon branched out into even more business areas entering the machine and coal industries, as well as the forestry, banking and warehousing businesses becoming a zaibatsu, or business conglomerate.
After World War II, the Japanese zaibatsu conglomerates, including Sumitomo, were dissolved by the GHQ and the Japanese government. The group reformed as a keiretsu, a group of independent companies organized around The Sumitomo Bank and bound together by cross shareholding.
Many companies continue to use the word Sumitomo in their corporate names. Most of them are managed independently and listed at Tokyo Stock Exchange and other stock exchanges with highly dispersed shareholders. For some, the name only shows their historic origin, and they are no longer considered part of the Sumitomo Group.
Emblem
The diamond-shaped igeta mark is reminiscent of a type of frame placed over a well in premodern Japan and was the logo of Riemon Soga's Izumiya company.
Sumitomo Corporation Group's Corporate Mission Statement, consisting of the Management Principles and Activity Guidelines, is the fundamental and ultimate value standard of the Group.
We aim to be a global organization that constantly stays a step ahead in dealing with change, creates new value, and contributes broadly to society.
https://en.wikipedia.org/wiki/Sumitomo_Group
https://in.investing.com/equities/sumitomo-metal-mining-co.,-ltd.
https://finance.yahoo.com/quote/SMMYY/profile?p=SMMYY
https://www.comparably.com/companies/sumitomo-corporation-of-america/mission
https://www.crunchbase.com/organization/sumitomo-metal-mining
