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Sumitomo Forestry Co Ltd (1911.T)

1911.T on Tokyo Stock Exchange

1,744JPY
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sumitomo Forestry to sell 100 pct stake in Alpine MDF Industries Pty Ltd.
Tuesday, 28 Feb 2017 12:55am EST 

Sumitomo Forestry Co Ltd <1911.T>: Says the co's wholly owned subsidiary Sumitomo Forestry Australia Pty Ltd plans to sell entire 100 percent stake in its Australia-based unit, Alpine MDF Industries Pty Ltd., to a Thailand-based firm Metro Particle Co., Ltd . Says the selling price is at A$37 million .Says the transaction effective in late March.  Full Article

Sumitomo Forestry to buy 51 pct stake in Wisdom Group - Nikkei
Thursday, 28 Jul 2016 01:23pm EDT 

Nikkei:Sumitomo Forestry to buy 51 pct stake in Wisdom Group for estimated equivalent of tens of millions of dollars - Nikkei.  Full Article

Sumitomo Forestry to issue 3rd domestic unsecured corporate bonds of 20 bln yen
Thursday, 9 Jun 2016 10:25pm EDT 

Sumitomo Forestry <1911.T>: Says it will issue the 3rd domestic unsecured corporate bonds of 20 billion yen . Says face value of 100 million yen and issue price at 100 yen per face value of 100 yen . Interest rate of 0.33 percent . Maturity on June 17, 2026 .Subscription date on June 10 and payment date on June 17.  Full Article

Sumitomo Forestry plans to add wind and geothermal power to its renewable energy portfolio - Nikkei<1911.T>
Wednesday, 25 May 2016 06:13pm EDT 

Nikkei: Sumitomo Forestry plans to add wind and geothermal power to its renewable energy portfolio and expand its biomass business over the next three years - Nikkei . Sumitomo Forestry plans to put around 20 billion yen into growing renewables operations in that time - Nikkei . Sumitomo Forestry will buy a nearly 10% stake in renova for 1 billion yen when new shares are issued Monday - Nikkei .  Full Article

Sumitomo Forestry lowers consolidated full-year outlook for FY 2016
Wednesday, 20 Apr 2016 03:00am EDT 

Sumitomo Forestry Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ended March 2016.Revenue forecast with unchanged 1,050,000 million yen.Operating profit forecast decreased to 30,000 million yen from 40,000 million yen.Ordinary profit forecast decreased to 30,000 million yen from 40,000 million yen.Net profit forecast decreased to 10,000 million yen from 17,500 million yen.Earnings per share decreased to 56.46 yen from 98.80 yen.Comments that impact of low market interest is the main reason for the forecast.  Full Article

R&I Affirms Sumitomo Forestry Co Ltd's rating at "A" and rating outlook stable
Monday, 2 Nov 2015 01:00am EST 

Sumitomo Forestry Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed Sumitomo Forestry Co Ltd's rating at "A".Rating outlook stable.  Full Article

Sumitomo Forestry amends consolidated mid-year outlook for FY 2016
Friday, 31 Jul 2015 12:00am EDT 

Sumitomo Forestry Co Ltd:Says the company reaffirmed the consolidated mid-year outlook for revenue at 488,000 million yen for FY ending March 2016.Operating profit forecast increased to 11,500 million yen from 7,000 million yen.Ordinary profit forecast increased to 12,000 million yen from 7,000 million yen.Net profit attributable to parent company's shareholders forecast increased to 5,500 million yen from 3,000 million yen.Earnings per share increased to 31.05 yen from 16.94 yen.Comments the overseas sales increase and costs reduction are the main reasons for the forecast.  Full Article

Sumitomo Forestry to issue year-end dividend for FY 2015
Monday, 11 May 2015 12:00am EDT 

Sumitomo Forestry Co Ltd:To issue a year-end dividend of 12 yen per share, for the FY ended March 2015.Dividend issued to shareholders of record as of March 31.Dividend payment date June 24.Says the dividend amount is above the latest forecast of 9.5 yen per share disclosed on Jan. 30.  Full Article

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