Sumitomo Forestry Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019; Declares Interim Dividend for the Second Quarter of Fiscal Year Ending March 31, 2019, Payable on December 6, 2018; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2019
November 07, 2018
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Sumitomo Forestry Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2018. For the period, the company reported net sales of JPY 592,851 million compared to JPY 562,109 million a year ago. Operating income was JPY 17,305 million compared to JPY 15,508 million a year ago. Recurring income was JPY 18,729 million compared to JPY 18,297 million a year ago. Profit for the year attributable to owners of the parent was JPY 10,635 million or JPY 56.14 per diluted share compared to JPY 10,022 million or JPY 53.31 per diluted share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2019. For the year, the company expects net sales of JPY 1,310,000 million, operating income of JPY 54,500 million, recurring income of JPY 57,500 million and profit for the year attributable to owners of the parent of JPY 31,500 million or JPY 173.73 per share.
The company declared interim dividend of JPY 20.00 per share for the second quarter compared to JPY 20.00 per share paid a year ago. The dividend is payable on December 6, 2018.
The company provided dividend guidance for the fiscal year ending March 31, 2019. For the year, the company expects to pay year end dividend of JPY 20.00 per share compared to JPY 20.00 per share paid a year ago.
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, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019; Declares Interim Dividend for the Second Quarter of Fiscal Year Ending March 31, 2019, Payable on December 6, 2018; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2019
SUMITOMO FORESTRY CO., LTD. 
