Sumitomo Forestry Co., Ltd. Reports Consolidated and Non-Consolidated Financial Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
May 30, 2019 at 04:30 am EDT
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Sumitomo Forestry Co., Ltd. reported consolidated and non-consolidated financial results for the year ended March 31, 2019. For the year, on consolidated basis, the company reported net sales were JPY 1,308,893 million compared to JPY 1,221,998 million for the same period a year ago. Operating income was JPY 49,247 million compared to JPY 53,021 million for the same period a year ago. Net income was JPY 40,426 million compared to JPY 38,632 million for the same period a year ago. Net income per share was JPY 160.80 per share compared to JPY 168.49 for the same period a year ago.
For the year, on non-consolidated basis, the company reported net sales were JPY 720,989 million compared to JPY 701,534 million for the same period a year ago. Operating income was JPY 3,713 million compared to JPY 10,301 million for the same period a year ago. Net income was JPY 20,531 million compared to JPY 13,545 million for the same period a year ago. Net income per share was JPY 112.57 per share compared to JPY 75.55 for the same period a year ago.
For the fiscal year ending March 31, 2020, the company expects net sales to be JPY 1,123,000 million. Operating income expects to be JPY 52,500 million. Profit for the year attributable to owners of the parent expects to be JPY 30,000 million. Net income per share expects to be JPY 165.43 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. Reports Consolidated and Non-Consolidated Financial Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
SUMITOMO FORESTRY CO., LTD. 
