Sumitomo Forestry Co., Ltd.
Regarding the Change in Shareholding Ratios between Sumitomo Forestry Co., Ltd. and Kumagai Gumi Co., Ltd.
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.
Key Figures
- Planned number of Kumagai Gumi shares to be sold by Sumitomo Forestry: 11,473,400 shares (6.6% of total outstanding shares)
- Planned number of Sumitomo Forestry shares to be sold by Kumagai Gumi: 4,777,600 shares (0.8% of total outstanding shares)
- Scheduled sale dates: Sumitomo Forestry’s share sale from January 26 to 29, 2026; Kumagai Gumi’s share sale from January 8, 2026
AI要約
Reasons and Details for Change in Shareholding Ratios
Since the business and capital alliance formed in November 2017, Sumitomo Forestry Co., Ltd. and Kumagai Gumi Co., Ltd. have promoted collaboration. However, aiming to improve capital efficiency and maximize shareholder value, they have decided to optimize their capital relationship by mutually selling part of their held shares. Sumitomo Forestry plans to sell 11,473,400 shares (equivalent to 6.6%) of Kumagai Gumi through a public offering underwritten by Daiwa Securities. Kumagai Gumi plans to sell 4,777,600 shares (equivalent to 0.8%) of Sumitomo Forestry through a block trade via securities firms.
Future Partnership and Impact on Performance
While maintaining their partnership, both companies will actively invest in collaborative areas and strengthen cooperation in wooden construction, environmental greening, and overseas construction and development sectors. The sale of Kumagai Gumi shares by Sumitomo Forestry is expected to have a minimal impact on consolidated performance. Kumagai Gumi will recognize gains on sale of investment securities as an extraordinary income in the fourth quarter of the fiscal year ending March 2026.
