Sumitomo Forestry's share price plunged, falling as much as 10% at one point. The decline appears to have been driven by a significant downward revision to the previous forecast for ordinary income for the fiscal year ending December 2026.
As of 13:40, Sumitomo Forestry's share price had fallen ¥140.50 from the previous day to ¥1,229, marking a sharp retreat.
Consolidated ordinary income for the fiscal year ending December 2026, announced the same day, is projected at ¥92.5 billion, down 47% from the previous fiscal year and ¥22.5 billion below the previous forecast.
The announcement was made on the 5th, and the stock code is 1911. The article is for members only, and further information is expected in subsequent reports.