Sumitomo Forestry Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Forecast for the Year Ending March 31, 2020
July 29, 2019
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Sumitomo Forestry Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the first quarter the company reported net sales of JPY 235,009 million against JPY 249,274 million a year ago. Operating income of JPY 4,512 million against operating loss of JPY 3,871 million a year ago. Profit for the year attributable to owners of the parent of JPY 565 million against loss for the year attributable to owners of the parent of JPY 3,518 million a year ago. Net income per share of JPY 3.12 against net loss per share of JPY 19.40. Net income per share fully diluted of JPY 3.04.
Company provided consolidated earnings forecast for the year ending March 31, 2020. For the year company forecasted net sales of JPY 1,123,000 million, operating income of JPY 52,500 million, profit for the year attributable to owners of the parent of JPY 30,000 million and net income per share of JPY 165.40.
Sumitomo Forestry Co., Ltd. is a Japan-based company mainly engaged in the forestry business. The Company operates in three business segments. The Timber and Building Material segment purchases, manufactures, processes and sells lumber products and building materials. The Housing segment constructs, sells, maintains and renovates detached houses, apartment and condominiums, operates exterior, landscape and greening works. The overseas segment is engaged in the purchase, manufacture and sales of lumber products and building materials overseas, as well as the contracted construction and sales of detached houses. Other businesses include biomass power generation business, pay nursing homes, dispatches manpower, manufactures and sells agriculture and gardening materials, and involves leasing business and insurance agency business.
Sumitomo Forestry Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Forecast for the Year Ending March 31, 2020
SUMITOMO FORESTRY CO., LTD. 
