In April, the stores which handled Sumitomo products (later known as Sumitomo Corporation) were established in Kobe and Nagoya, and the reorganization of Sumitomo Fertilizer Manufacturing (later known as Sumitomo Chemicals Co., Ltd.) into a joint-stock company as well as the purchase of Hinode Life Insurance Company (later known as Sumitomo Life Insurance Company) took place in June.
4月には住友製品の販売店を神戸と名古屋に設置（住友商事の前身）、6月には肥料製造所（住友化学の前身）を株式会社とし、大阪の日之出生命（住友生命の前身）を買収。