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Consumer Durables

Sumitomo Forestry Co., Ltd.

Business Summary

Sumitomo Forestry Co., Ltd. engages in the forestry business. It operates through the following segments: Timber and Building Materials Business, Housing and Construction Business, Overseas Housing and Real Estate Business, and Others. The Timber and Building Materials Business segment purchases, manufactures, processes, and sells timber and building materials. The Housing and Construction Business segment offers custom-built detached housing, interior products, real estate leasing and brokerage, urban greening, landscaping, and maintenance services. The Overseas Housing and Real Estate Business segment develops condominiums, housing complexes, and commercial complex facilities overseas. The Others segment includes biomass power generation, overseas afforestation, insurance agency, agricultural and horticultural material manufacturing and sales, and civil engineering contracts. The company was founded in 1691 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2022 JPYUSD
Gross Profit392,970M2,987.73M
Operating income158,253M1,203.19M
Income before tax188,385M1,432.28M
Net income108,672M826.22M
Diluted EPS530.994.03
Dividends Per Share1250.95
Total Assets1,537.59B11,653.32M
Total liabilities855,043M6,480.29M
Total equity627,606M4,756.57M
Operating cash flow55,276M420.26M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Dec 2020Dec 2021Dec 2022
Revenue 1,221.99B 1,308.89B 1,119.83B 1,385.93B 1,669.70B
Gross Profit 219,315M 232,146M 255,098.02M 321,994M 392,970M
Operating income 53,021M 49,247M 63,282.50M 113,650M 158,253M
Income before tax 58,538M 56,618M 66,947.83M 133,932M 188,385M
Net income 30,135M 29,160M 40,530.56M 87,175M 108,672M
EBITDA 72,196M 69,361M 80,026.46M 132,251M 178,905M
Diluted EPS 158.81 155.31 217.78 446.69 530.99
Dividends Per Share 40 40 75 80 125
Total Assets 899,120M 970,976M 1,091.15B 1,314.22B 1,537.59B
Total liabilities 553,480M 617,486M 691,698M 774,137M 855,043M
Total equity 311,766M 318,455M 367,581M 495,728M 627,606M
Operating cash flow 13,732M 40,689M 46,840M 91,576M 55,276M
 Mar 2018Mar 2019Dec 2020Dec 2021Dec 2022
Revenue 11,025.63M 11,803.02M 10,488.47M 12,613.90M 12,694.72M
Gross Profit 1,978.79M 2,093.39M 2,389.26M 2,930.59M 2,987.73M
Operating income 478.38M 444.08M 592.70M 1,034.37M 1,203.19M
Income before tax 528.16M 510.55M 627.03M 1,218.96M 1,432.28M
Net income 271.89M 262.95M 379.61M 793.41M 826.22M
EBITDA 651.39M 625.46M 749.53M 1,203.66M 1,360.20M
Diluted EPS 1.43 1.40 2.03 4.06 4.03
Dividends Per Share 0.36 0.36 0.70 0.72 0.95
Total Assets 8,454.34M 8,772.42M 10,568.56M 11,412.67M 11,653.32M
Total liabilities 5,204.32M 5,578.76M 6,699.57M 6,722.56M 6,480.29M
Total equity 2,931.50M 2,877.12M 3,560.27M 4,304.87M 4,756.57M
Operating cash flow 123.89M 366.91M 438.70M 833.46M 420.26M

Valuation Measures

Dec 2022
Operating margin9.47%
Profit margin6.50%

Key executives

  • President & Representative Director: Toshiro Mitsuyoshi
  • Representative Director, EVP & Head-Personnel: Tatsuru Satoh
  • Director & Executive Officer: Ikuro Takahashi
  • Executive Officer: Kunihiko Takagiri
  • Executive Officer & Manager-Sales Promotion: Yoichi Hosoya


  • Sumitomo Metal Mining Co. Ltd. (5.0%)
  • Iyogin Holdings, Inc. (2.9%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • Kumagai Gumi Co., Ltd. (2.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.4%)
  • Nikko Asset Management Co., Ltd. (2.3%)
  • Sumitomo Corp. (2.1%)
  • Sumitomo Life Insurance Co. (2.1%)
  • The Hyakujushi Bank, Ltd. (2.0%)
  • The Vanguard Group, Inc. (1.7%)

Contact Details

  • Website:
  • Address: Keidanren Kaikan, 1-3-2 Otemachi, Tokyo, 100-8270, Japan
  • Phone: +81.3.3214.2220

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  • PT AST Indonesia
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  • PT Sumitomo Forestry Indonesia
  • Shouei Furniture Co. Ltd.
  • Dalian Sumirin Information Technology Service Co. Ltd.
  • Sumitomo Forestry Australia Pty Ltd.
  • Wisdom Properties Group Pty Ltd.


    Last Updated on 31 May, 2023

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