Sumitomo Forestry Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020
November 07, 2019
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Sumitomo Forestry Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2019. For the period, the company reported net sales of JPY 529,748 million compared to JPY 592,851 million a year ago. Operating income was JPY 24,992 million compared to JPY 17,305 million a year ago. Recurring income was JPY 25,689 million compared to JPY 18,729 million a year ago. Profit for the year was JPY 12,591 million or JPY 69.41 per share compared to JPY 10,635 million or JPY 58.65 per diluted share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2020. For the year, the company expects net sales of JPY 1,117,000 million, operating income of JPY 51,000 million, recurring income of JPY 57,000 million and profit for the year attributable to owners of the parent of JPY 30,000 million or JPY 165.39 per share.
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 Six Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020
SUMITOMO FORESTRY CO., LTD. 
