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Sumitomo Forestry Co Ltd (1911.T)

1911.T on Tokyo Stock Exchange

1,606JPY
21 Jun 2018
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Volume
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Latest Key Developments (Source: Significant Developments)

Sumitomo Forestry to fully acquire houses firm for $370 mln
Friday, 27 Apr 2018 

April 27 (Reuters) - Sumitomo Forestry Co Ltd <1911.T>:Says it will fully acquire new company to be established by Crescent Communities, LLC for $370 million (about 39.3 billion yen), via Sumitomo Forestry America, Inc., effective June .The new company will be engaged in apartment building development, business complex development and detached houses business .  Full Article

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 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

Sumitomo Forestry partners with Summarecon Agung for housing in Indonesia - Nikkei‍​
Wednesday, 1 Nov 2017 

Nov 2 (Reuters) - Nikkei::Sumitomo Forestry partners with Summarecon Agung to market single-family homes in Indonesia - Nikkei‍​.Sumitomo Forestry to form special-purpose co in January with Summarecon Agung, taking a 49% stake, investment should total about 3.4 billion yen - Nikkei.  Full Article

R&I affirms Sumitomo Forestry's rating at "A" and says stable outlook - R&I
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Sumitomo Forestry Co Ltd <1911.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A" -R&I.Says rating outlook stable -R&I.  Full Article

Sumitomo Forestry to buy 51 pct stake in Wisdom Group - Nikkei
Thursday, 28 Jul 2016 

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