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Kumagai Gumi Co Ltd (1861.T)

1861.T on Tokyo Stock Exchange

3,135JPY
11 Dec 2017
Change (% chg)

¥-75 (-2.34%)
Prev Close
¥3,210
Open
¥3,185
Day's High
¥3,185
Day's Low
¥3,105
Volume
595,400
Avg. Vol
406,302
52-wk High
¥3,960
52-wk Low
¥2,760

Latest Key Developments (Source: Significant Developments)

Sumitomo Forestry raises 10 bln yen through new share issue
Tuesday, 28 Nov 2017 

Nov 28(Reuters) - Sumitomo Forestry Co Ltd <1911.T>:Says it issued 5.2 million new shares at the price of 1,924 yen per share through private placement to Kumagai Gumi Co Ltd <<<1861.T>>> , and raised 10 billion yen in total, on Nov. 28.  Full Article

Kumagai Gumi raises 34.68 yen through new share issue and private placement of treasury stock
Tuesday, 28 Nov 2017 

Nov 28(Reuters) - Kumagai Gumi Co Ltd <1861.T>:Says it issued 9.1 million new shares and distributed 310,000 shares of its treasury common stock at the paid-in price of 3,705 yen per share through private placement to Sumitomo Forestry Co Ltd, and raised 34.68 billion yen in total, on Nov. 28.  Full Article

Kumagai Gumi says business and capital alliance with Sumitomo Forestry
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Kumagai Gumi Co Ltd <1861.T>:Says it signed business and capital alliance with Sumitomo Forestry Co Ltd <<<1911.T>>> on Nov. 9 .Says two entities will mainly cooperate on afforestation related business, renewable energy business and overseas business .Says it will issue 9.1 million new shares and distribute 310,000 shares of its treasury common stock to Sumitomo Forestry Co Ltd, to raise 34.68 billion yen in total .Payment date on Nov. 28 .Says Sumitomo Forestry Co Ltd will raise voting power in the co to 20 percent after transaction .Says Sumitomo Forestry Co Ltd will issue 5.2 million shares to the co and raise 10 billion yen and payment date on Nov. 28 .Says the co will raise voting power in Sumitomo Forestry Co Ltd to 2.9 percent after transaction .  Full Article

Kumagai Gumi, Sumitomo Forestry announce capital tie-up
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Kumagai Gumi Co Ltd <1861.T>, Sumitomo Forestry Co <1911.T>::announce plans for capital tie-up.Sumitomo Forestry to take 20 percent stake in Kumagai Gumi including by buying new shares.Kumagai Gumi to take 2.85 percent stake in Sumitomo Forestry in third-party allotment of new shares.  Full Article

Kumagai Gumi lowers consolidated full-year outlook and raises year-end dividend forecast for 2016; expects extraordinary loss for Q4 of FY 2016
Thursday, 24 Mar 2016 

Kumagai Gumi Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 340,000 mln yen from 342,500 mln yen for the fiscal year ending March 31, 2016.Operating profit forecast increased to 22,900 mln yen from 19,600 mln yen.Ordinary profit forecast increased to 24,100 mln yen from 20,800 mln yen.Sees a decrease of net profit forecast to 11,900 mln yen from 12,900 mln yen.Sees a decrease of earnings per share to 31.84 yen from 34.52 yen.Says it raised the year-end dividend forecast to 4 yen per share from 2 yen per share for the fiscal year ending March 2016.Says it expects an extraordinary loss of 8,125 million yen recorded as incidental loss for Q4 of the fiscal year ending March 2016.  Full Article

Nikkei drops amid tech share weakness, Toshiba hit

TOKYO, Nov 10 Japan's Nikkei share average fell on Friday, with tech shares hurt after a drop by their U.S. counterparts, while Toshiba Corp stumbled on dilution fears after reports it will issue new shares to raise funds.