Sumitomo Forestry's (TYO:1911) attributable net income fell 5.9% year on year to 20.19 billion yen for the quarter ended March 31, according to a Wednesday filing on the Tokyo Stock Exchange.
Diluted net income per share for the period was 98.57 yen, compared to 104.79 yen from the year-ago quarter.
Net sales for the quarter jumped 12.8% year on year to 511.63 billion yen.
For the fiscal year ending Dec. 31, the logging and processing company forecasts attributable net income of 123 billion yen, or net income per share of 601.03 yen.
Net sales are projected to rise 24.5% to 2.555 trillion yen, while the forecasted total dividend is 182 yen per share.
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