The Market cap of Sumitomo Corp. is $20.52B
Market capitalization is the market value at a point in time of the shares outstanding of a publicly traded company, being equal to the share price at that point of time times the number of shares outstanding.
= outstanding shares * previous day’s close
As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. In performing such rankings, the market capitalizations are calculated at some significant date, such as 30 June or 31 December.
The total capitalization of stock markets or economic regions may be compared with other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 and rose as high as US$57.5 trillion in May 2008 before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. In 2014 and 2015, global market capitalization was US$68 trillion and US$67 trillion, respectively.
Sumitomo Corporation imports, exports, and sells various goods and commodities worldwide. The company's Metal Products segment offers steel sheets and tubular products; and non-ferrous metals, such as aluminum and titanium. Its Transportation & Construction Systems segment manufactures, sells, services, leases, and finances ships, aircrafts, motor vehicles, construction equipment, and related components and parts. The company's Infrastructure segment provides power generation; power plant engineering, procurement, and construction services; retails electricity; and offers delivery, customs clearance, transportation, and insurance services. It also engages in the development and operation of industrial parks; and industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses. Its Media & Digital segment engages in the cable television, 5G related technologies, multi-channel programming distribution, movies, digital media-related, video content-related, TV shopping, e-commerce, ICT platform, digital solution, corporate venture capital, cell phones, and smart communications platform businesses, as well as provision of value-added services. The company's Living Related & Real Estate segment operates food supermarkets and drugstore chains; offers vegetables, fruits, and meats; and trades in cement, wood, building materials, and biomass, as well as buildings, retail facilities, residences, logistics facilities, and real estate funds. Its Mineral Resources, Energy, Chemical & Electronics segment develops and trades in mineral and energy resources, commodity derivatives, liquefied petroleum gas, battery, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticide, fertilizers, and veterinary drugs. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan.