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An announcement from Sumitomo Densetsu Co ( (JP:1949) ) is now available.
Sumitomo Densetsu Co., Ltd. announced a revision of its year-end dividend forecast for the fiscal year ending March 31, 2026, deciding not to pay a year-end dividend. This decision is contingent upon the successful completion of a tender offer by Daiwa House Industry Co., Ltd., which aims to make Sumitomo Densetsu a wholly-owned subsidiary and subsequently delist its shares. The board’s resolution aligns with the tender offer’s conditions, which assume no year-end dividend payment, although an interim dividend will still be paid.
The most recent analyst rating on (JP:1949) stock is a Buy with a Yen8213.00 price target. To see the full list of analyst forecasts on Sumitomo Densetsu Co stock, see the JP:1949 Stock Forecast page.
More about Sumitomo Densetsu Co
Sumitomo Densetsu Co., Ltd. operates in the construction and engineering industry, focusing on providing electrical and telecommunication infrastructure services. The company is known for its commitment to delivering stable dividends to its shareholders while balancing business performance and future growth.
Average Trading Volume: 63,585
Technical Sentiment Signal: Buy
Current Market Cap: Yen251.2B
For detailed information about 1949 stock, go to TipRanks’ Stock Analysis page.