Kumagai Gumi Co., Ltd. has resolved the share offering of 9,976,900 shares held by Sumitomo Forestry Co., Ltd. and announced the implementation of treasury stock acquisition capped at 3 million shares and 3.5 billion yen (as of 2026-01-08).
Kumagai Gumi Co., Ltd. resolved to acquire treasury stock by market purchase from January 30 to March 31, 2026, up to 3,000,000 shares (1.7% of the total issued shares) and a total acquisition value of up to 3.5 billion yen, aiming to expand shareholder returns and improve capital efficiency.
Sumitomo Forestry plans to sell 11,473,400 shares of Kumagai Gumi (6.6%) between January 26 and 29, 2026, while Kumagai Gumi plans to sell 4,777,600 shares of Sumitomo Forestry (0.8%) from January 8, 2026 onward.
Kumagai Gumi Co., Ltd. sold 4,777,600 shares of Sumitomo Forestry Co., Ltd. common stock, recording approximately 4 billion yen in special gains, leading to a 20.1% upward revision of net income attributable to owners of parent from 15,400 million yen to 18,500 million yen for the fiscal year ending March 2026, and an increase in the year-end dividend forecast to...
Sumitomo Forestry plans to sell 11,473,400 shares (6.6%) of Kumagai Gumi, and Kumagai Gumi plans to sell 4,777,600 shares (0.8%) of Sumitomo Forestry in January 2026, optimizing the capital relationship between the two companies.
Kumagai Gumi Co., Ltd. sold 4,777,600 shares (0.8%) of Sumitomo Forestry Co., Ltd. and recorded a gain on sale of investment securities of 3,763 million yen.