Sumitomo Forestry (SFC) decreased operating income by 79.4% amid 7% growth of net sales in FY2016 (ended March 31, 2017). According to the announcement, the company’s net sales accounted for JPY 1113 billion (USD 10 billion), generating operating income of JPY 53.9 billion in the period.
Earlier Sumitomo Forestry sold Alpine MDF Industries in Thailand to Metro-Ply
About Sumitomo Forestry:
The company operates in the areas of management of forests, development of new forestry and environment-related business, biomass power generation, purchase, manufacturing, secondary processing and sales of timber and building materials. Sumitomo Forestry also deals with contract construction, sales, after-sales maintenance and renovation of detached houses and multi-unit residences.