Yomiuri: Sumitomo Corp. to Leverage AI to Extract Insights from 30 Years of Past Investments

Dow Jones05-29

By Koichi Kuranuki

Yomiuri Shimbun Senior Writer

Major Japanese trading house Sumitomo Corp. will establish an AI-powered digital platform capable of searching and analyzing the company's documents regarding investment decisions made in the past 30 years.

Sumitomo will cooperate with SCSK Corp., its wholly owned subsidiary, on the project. The platform will cover about 1,500 documents, including meeting minutes as well as reports on investment decisions and incurred losses.

It will allow users to understand points of contention regarding past investments and what happened afterward, enabling them to leverage these insights when evaluating new investments.

The trading house revealed its new digital technology and AI strategy on Wednesday, outlining a plan to create new revenue streams with SCSK playing the leading role. Sumitomo aims to build AI-driven business models, such as the new digital platform, for group companies and their businesses, with the goal of eventually expanding these services to external clients.

Other ideas include launching a service to optimize supply chains for energy companies and developing new businesses for food manufacturers using consumer purchase data.

SCSK generated an operating profit of 86.3 billion yen in the fiscal year ended March 2026. Sumitomo aims to double this figure by the fiscal year ending March 2031. Sumitomo expects measures to achieve this goal will help it increase sales and reduce costs, raising its return on invested capital from 8% to 9%.

"Sumitomo Corp. has 900 group companies worldwide, serving a customer base of 100,000 companies," said Shingo Ueno, president and CEO of the company, at a press conference held on the day. "We aim to create new value by implanting digital technology and AI across diverse business frontlines, with SCSK playing a leading role."

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

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(END) Dow Jones Newswires

May 29, 2026 02:58 ET (06:58 GMT)

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Yomiuri: Sumitomo Corp. to Leverage AI to Extract Insights from 30 Years of Past Investments

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