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Japanese real estate developer
sumitomo-rd.co.jpLast updated
In short: Sumitomo Realty & Development achieved record profits, raised dividends, and initiated major governance reforms amid activist investor interest.
Through this split, the rental brokerage management business will be transferred to a wholly-owned subsidiary, aiming to improve management efficiency.
It will increase its surplus dividend. Details such as payout ratio have not been announced.
Details on differences from previous period results are announced. There is a possibility of impact on performance.
The release includes financial statements and supplementary materials.
Tokyo-listed Sumitomo Realty’s stock jumped as much as 6.4% to a record high of 7,315 yen on Tuesday. Elliott, which held more than 3% of...
Realty firm Krisumi Corporation Ltd, a joint venture between Japan's Sumitomo Corporation and Krishna Group, will further invest around Rs 4,500 crore over the next...
The expansion is bolstered by state support, as SMBC is expected to receive about $70 million in grants from North Carolina...
BUFFALO, N.Y. (WIVB) — The sale of the former Sumitomo rubber plant to Hwa Fong Rubber was finalized on Wednesday. The facility and property will...
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