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An announcement from Sumitomo Forestry Co ( (JP:1911) ) is now available.
Sumitomo Forestry said that shareholders of U.S. homebuilder Tri Pointe Homes, Inc. approved the company proposal required for Sumitomo Forestry’s planned acquisition at a special meeting held on April 16, 2026 U.S. time. The deal still requires clearances from relevant authorities and fulfillment of other merger conditions, and the company is evaluating the impact on its consolidated results, pledging prompt disclosure once the transaction is completed and any material financial effects are identified.
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. is a Japan-based diversified company operating in the housing, construction, and timber-related industries. It is active in residential development and related services globally, and has been expanding its presence in overseas housing markets, including the United States, through strategic acquisitions and partnerships.
Average Trading Volume: 3,893,898
Technical Sentiment Signal: Hold
Current Market Cap: Yen889.7B
For a thorough assessment of 1911 stock, go to TipRanks’ Stock Analysis page.