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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sumitomo Forestry Co., Ltd.    1911   JP3409800004

SUMITOMO FORESTRY CO., LTD.

(1911)
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38 Japan firms' authentication data stolen amid surge in teleworkers

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08/25/2020 | 03:48am EDT

Sumitomo Forestry Co., Hitachi Chemical Co. and 36 other Japanese companies had authentication information to access their virtual private networks stolen and leaked by hackers this summer, an information security expert said Tuesday.

VPN usage has increased as companies encourage employees to work from home due to the novel coronavirus pandemic. The stolen data could facilitate illegal third-party access to the firms' internal networks.

The cyberattacks took place in June and July. Around 900 items of authentication data for access to VPN servers, provided by Pulse Secure LLC of the United States, were found to have been stolen and leaked online, of which 90 were linked to Japan, according to the expert and others familiar with the matter.

The government's National Center of Incident Readiness and Strategy for Cybersecurity has warned Japanese businesses to tighten security measures. No actual damage from the VPN data theft has been reported.

Pulse Secure released patches in April 2019 to fix vulnerabilities in its VPN service. Despite repeated warnings from the NISC and expert communities, however, some Japanese companies did not update their systems, leaving themselves vulnerable to hackers.

==Kyodo

© Kyodo News International, Inc., source Newswire


Stocks mentioned in the article
ChangeLast1st jan.
HITACHI, LTD. 1.15% 3591 End-of-day quote.-22.37%
SUMITOMO FORESTRY CO., LTD. 1.39% 1754 End-of-day quote.8.61%
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All news about SUMITOMO FORESTRY CO., LTD.
09/29SUMITOMO FORESTRY CO., LTD. : Ex-dividend day for interim dividend
FA
08/2538 Japan firms' authentication data stolen amid surge in teleworkers
AQ
08/12SUMITOMO FORESTRY : Announcement of Amendment to Forecast of Financial Results
PU
07/20SUMITOMO FORESTRY : Notice Concerning Completion of Pay-In for New Shares for Re..
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06/30SUMITOMO FORESTRY : Notice Concerning Issuance of New Shares for Remuneration by..
PU
05/28SUMITOMO FORESTRY : Acceleration of medium- to large-scale wooden structures - D..
PU
05/26SUMITOMO FORESTRY CO., LTD. : annual earnings release
03/30SUMITOMO FORESTRY CO., LTD. : Ex-dividend day for final dividend
FA
03/19SUMITOMO FORESTRY : Changes in Representative Directors
PU
03/15SUMITOMO FORESTRY : and NTT Urban Development to Undertake Joint Project in Dall..
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More news
Financials
Sales 2021 1 082 B 10 260 M 10 260 M
Net income 2021 30 677 M 291 M 291 M
Net Debt 2021 169 B 1 605 M 1 605 M
P/E ratio 2021 10,4x
Yield 2021 2,37%
Capitalization 318 B 3 018 M 3 017 M
EV / Sales 2021 0,45x
EV / Sales 2022 0,42x
Nbr of Employees 19 332
Free-Float 78,8%
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Sumitomo Forestry Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends SUMITOMO FORESTRY CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 1 790,00 JPY
Last Close Price 1 754,00 JPY
Spread / Highest target 14,0%
Spread / Average Target 2,05%
Spread / Lowest Target -17,3%
EPS Revisions
Managers
NameTitle
Toshiro Mitsuyoshi President & Representative Director
Akira Ichikawa Chairman
Shigeru Sasabe Representative Director, EVP & GM-Real Estate
Ryu Yano Director
Tatsuru Satoh Representative Director, EVP & Head-Personnel
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