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An update from Sumitomo Forestry Co ( (JP:1911) ) is now available.
Sumitomo Forestry Co., Ltd. has announced its decision to acquire all shares of Veneer Shokai Co., Ltd., thereby indirectly acquiring a significant stake in GEOLIVE Group Corporation. This acquisition will increase Sumitomo Forestry’s total holding to 30.3% of GEOLIVE, making it an equity-method affiliate, which could enhance its market position and influence within the industry.
The most recent analyst rating on (JP:1911) stock is a Sell with a Yen1400.00 price target. To see the full list of analyst forecasts on Sumitomo Forestry Co stock, see the JP:1911 Stock Forecast page.
More about Sumitomo Forestry Co
Sumitomo Forestry Co., Ltd. operates in the forestry and housing industry, focusing on sustainable forestry management, timber and building materials, and housing construction. The company is listed on the Tokyo Stock Exchange’s Prime Market.
Average Trading Volume: 5,113,685
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1057.3B
For detailed information about 1911 stock, go to TipRanks’ Stock Analysis page.