Sumitomo Forestry to Form US Subsidiary

MT Newswires Live

2025/05/01

Sumitomo Forestry (TYO:1911) will establish Edge Land, a subsidiary in Utah, US, according to a Wednesday filing on the Tokyo Stock Exchange.

Edge Land will be a wholly-owned subsidiary of Sumitomo Forestry America and will support its housing development operations by acquiring land for Edge Homes, a Sumitomo Forestry subsidiary.

Edge Land will be 95% owned by Sumitomo Forestry America, with a capital of $48.5 million. The subsidiary's establishment is scheduled for May.

Price (JPY): $4133.00, Change: $+25, Percent Change: +0.61%

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The subsidiary's establishment is scheduled for May.</p><p>Price (JPY): $4133.00, Change: $+25, Percent Change: +0.61%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPY","symbol_name":"Lazard Japanese Equity ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2532012053","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532012053","pubTimestamp":1746063356,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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