Dec. 07, 2021
Sale of Motor Core Manufacturer and Supplier in Federal Republic of Germany
The sale is scheduled to be completed in 4th quarter of Fiscal Year 2021, when all the legally required authorization procedures have been accomplished.
Sumitomo Corporation has set a goal and has been proactively working to shift its business portfolio under its Medium-Term Management Plan “SHIFT 2023”. Sumitomo Corporation will continue to reinforce and develop its primary revenue streams by leveraging its strengths to complete SHIFT 2023.