Sumitomo Forestry Co., Ltd. Reports Consolidated and Non- Consolidated Financial Results for the Year Ended March 31, 2020
May 29, 2020 at 02:12 am EDT
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Sumitomo Forestry Co., Ltd. reported consolidated and non- consolidated financial results for the year ended March 31, 2020. For the year, on consolidated basis, the company reported net sales were JPY 1,104,094 million. Operating income was JPY 51,377 million. Net income was JPY 38,865 million.
For the year, on non-consolidated basis, the company reported total net sales were JPY 458,862 million. Operating income was JPY 7,232 million. Net income was JPY 12,962 million.
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. 
