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Sumitomo Mitsui Construction Co Ltd (1821.T)

1821.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitsui Fudosan Residential files lawsuit against Sumitomo Mitsui Construction and two subcontractors
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Sumitomo Mitsui Construction Co Ltd <1821.T>:Says Mitsui Fudosan Residential Co.,Ltd. has filed a lawsuit against the co and two subcontractors, claiming compensation of about 45.9 billion yen, for construction project disputes, with the Tokyo District Court, on Nov. 28 .  Full Article

Nishimoto confirms to issue 9,900 shares to Nomura Securities
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Nishimoto Co Ltd <9260.T>:Says it receives a notice from Nomura Securities Co., Ltd., confirming share subscription of 9,900 shares .Says it will issue 9,900 shares of its common stock to Nomura Securities Co., Ltd. via private placement .Nomura Securities Co., Ltd. will pay 44.2 million yen in total to the co.Subscription date on Oct. 27 and payment date on Oct. 30.Proceeds will be mainly used for construction of goods standards management systems, working capital and loan repayment .  Full Article

Sumitomo Mitsui Construction raises consolidated full-year outlook for FY 2016
Wednesday, 10 Feb 2016 

Sumitomo Mitsui Construction Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 408,000 mln yen from 404,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 20,000 mln yen from 15,800 mln yen.Ordinary profit forecast increased to 17,800 mln yen from 14,000 mln yen.Net profit forecast increased to 10,000 mln yen from 9,000 mln yen.Earnings per share increased to 12.30 yen from 11.07 yen.Comments the increased gross margin rate as the main reason for the forecast.  Full Article