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Sumitomo Forestry Co Ltd (1911.T)

1911.T on Tokyo Stock Exchange

1,900JPY
24 Nov 2017
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Latest Key Developments (Source: Significant Developments)

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

Sumitomo Forestry to issue 3rd domestic unsecured corporate bonds of 20 bln yen
Friday, 10 Jun 2016 

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 

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 

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

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.