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Company Name: Sumitomo Group

Foreign Name: すみともグル

Headquarter Location: Tokyo, Japan

Established: 1585

Corporate Slogan: Down-to-earth, Not Pursuing Profitability

Subsidiary Enterprises: Sumitomo Bank, Sumitomo Metals Industries

Sumitomo Group (Sumitomo Grupo) is one of the oldest Japanese conglomerates, with a history of more than 400 years. Sumitomo Masatomo (すみとも まさとも) 1585-1652 in Kyoto founded the "Fujiya" originated. Starting as a trading company dealing with copper musical instruments, Sumitomo acquired the management rights of Besshi Copper Mountain in 1691, and continued to produce copper for 283 years, which led to Sumitomo's growth. After the Meiji Restoration, the production capacity of Besshi Copper Mountain was greatly improved by the introduction of foreign technology and machinery. The company then expanded its copper production capacity by absorbing Western technology, and developed related businesses such as the machinery industry, the charcoal industry, the electric wire manufacturing industry, and the forestry industry. It developed into a modern consortium centered on mining and finance.