Sumitomo Forestry Co Ltd - Company Profile
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Business Description
Sumitomo Forestry Co Ltd (Sumitomo Forestry) is involved in the procurement, manufacture, processing, and sale of timber and building materials. It handles the procurement, manufacture, processing, and sale of timber and building materials. Sumitomo Forestry is involved in the construction, after-maintenance, and renovation of detached houses and multifamily housing, and real estate brokerage and management. The company focuses on the sale of spec homes, construction of detached houses, and development of multi-family housing and commercial complexes in overseas markets. Sumitomo Forestry is also engaged in sustainable energy and forest resources, including biomass power generation and forestry management. The company provides private nursing homes and assisted living services. Sumitomo Forestry serves a diverse range of customers, including home builders, real estate developers, and individuals seeking housing solutions.
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R&D Overview
Sumitomo Forestry is advancing research and development toward realizing a Timberized Eco City, which aims to transform cities into forests through future technologies such as innovative construction technologies, new wood materials, and the development of new tree species. The company is focused on achieving goals of decarbonization and the realization of a circular bioeconomy through various business activities. The R&D unit of the company is the Tsukuba Research Institute. This unit is responsible for driving the company's research and technological development. It consists of 7 groups that are split between research and development linked to business divisions and corporate R&D. The unit's role is to support the company with advanced research and technological development capabilities related to trees, covering areas from resources and materials to housing and construction. In FY2024, the company spent JPY2,817 million on R&D, which stood at 0.1% of the total revenue.
Business Segments
- Environment and Resources
- Global Construction and Real Estate
- Housing
- Others
- Timber and Building Materials
Overview
Conducts planned forestry management, including acquiring forestry certification from the Sustainable Green Ecosystem Council (SGEC). It owns and manages approximately 48 thousand hectares of forest in Japan. It also includes renewable energy business and domestic forestry business.
Performance
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Overview
Includes single-family homes business, land development business and real estate development business. Produces and sells timber and building materials; forestation business. Carries out the construction and sale of detached houses; and sale of forest lumber products in Asia, Australia and the US.
Performance
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Overview
Includes custom-built detached housing business, apartment business & residential property development business, landscaping business, existing homes business and MOCCA (timber solutions) business.
Performance
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Overview
Operates civil engineering/construction work, insurance agency business and private-pay elderly care/assisted living facilities business.
Performance
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Overview
Purchases, manufactures and sells timber and building materials. Its timber products include logs, wood chips and engineered timber. Building materials include fiberboard, concrete and ceramic building materials, housing systems and fixtures, plywood and metal building material.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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