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An update from Kumagai Gumi Co ( (JP:1861) ) is now available.
Kumagai Gumi has completed the partial sale of its shareholding in Sumitomo Forestry Co., Ltd., disposing of 4,777,600 shares via a block trade through a securities firm. As a result, its stake in Sumitomo Forestry has been reduced from 2.5% to 1.7% of the outstanding shares, and the company will record an extraordinary gain of 3,763 million yen as gain on sale of investment securities in its consolidated and non-consolidated results for the fourth quarter of the fiscal year ending March 31, 2026. The company stated that this finalized amount does not change the full-year earnings and dividend forecasts it announced earlier the same day, signaling that the impact of the transaction has already been incorporated into its guidance and should not alter expectations for shareholders or other stakeholders.
The most recent analyst rating on (JP:1861) stock is a Buy with a Yen1752.00 price target. To see the full list of analyst forecasts on Kumagai Gumi Co stock, see the JP:1861 Stock Forecast page.
More about Kumagai Gumi Co
Kumagai Gumi Co., Ltd. is a Japan-based construction company listed on the Prime Market of the Tokyo Stock Exchange. The firm operates in the general contracting and civil engineering sector, providing a range of construction services to public and private clients in Japan and overseas.
Average Trading Volume: 708,023
Technical Sentiment Signal: Buy
Current Market Cap: Yen281.2B
Find detailed analytics on 1861 stock on TipRanks’ Stock Analysis page.