Sumitomo Corporation

2026/02/16 Updated
Market Cap: $51.9B (¥7.9T)
Stock Price: $43.34 (¥6,627)
Exchange Rate: 1 USD = ¥152.91

Notice Regarding Changes in Representative Directors and Organizational Restructuring

As of April 1, 2026, 7 new executive officers appointed, 7 promoted, and 5 resigned. At the June shareholders meeting, 2 new directors and 2 resignations are planned. Organizational restructuring will also be implemented.

Importance:
Page Updated: January 29, 2026
IR Disclosure Date: January 29, 2026

Key Figures

  • Number of Newly Appointed Executive Officers: 7 (Effective April 1, 2026)
  • Number of Promoted Executive Officers: 7 (Effective April 1, 2026)
  • Number of Resigned Executive Officers: 5 (Effective March 31, 2026)

AI要約

Summary of Personnel Changes

Sumitomo Corporation will implement personnel changes effective April 1, 2026, appointing 7 new executive officers, promoting 7 executive officers, and seeing 5 resignations. Additionally, at the June Ordinary General Meeting of Shareholders, 2 new directors will be proposed, 2 will resign, and 8 will be reappointed. Key executive role assignments will also change, and the election of representative directors is planned.

Details of Organizational Restructuring

Effective April 1, 2026, organizational restructuring will be conducted including reorganization of the Internal Control and Internal Audit Group, strengthening of the DX and IT Group, reviewing the structure of the Finance, Accounting, and Risk Management Group, and reconfiguring the Urban Development and Media & Digital Groups. To strengthen coordination of energy and resource-related businesses, new Energy Business EVP and Resources EVP positions will be established to oversee related groups.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.