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Sumitomo Forestry Co., Ltd.
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Overview

Description

Sumitomo Forestry Co., Ltd. is a multinational corporation specializing in wood products, forestry, and real-estate related services. Operating under the broader umbrella of the Sumitomo Group, one of the largest corporate groups in Japan, the company's core function revolves around sustainable forestry management and the production of timber and wood-based materials. This aligns with its long-standing emphasis on environmental responsibility and the sustainable use of resources. Notably, Sumitomo Forestry plays a pivotal role in the construction and housing sectors, not just within Japan but internationally, through the development of residential communities and buildings emphasizing eco-friendly materials and practices. With its comprehensive supply chain, the company impacts a wide range of industries from construction to paper and packaging. In the financial markets, Sumitomo Forestry Co., Ltd. serves as an important player within the Japanese industrial sector, representing both traditional practices and modern innovations in sustainable building solutions. Its activities contribute significantly to environmental sustainability efforts, influenced by a global trend towards green building practices, and underline the role of natural resources in economic and community development.

About

CEO
Mr. Toshiro Mitsuyoshi
Employees
26741
Address
Keidanren Kaikan, 3-2
Otemachi 1-chome
Chiyoda-ku, 100-8270
Phone
81 3 3214 2270
Website
Instrument type
Common stock
Sector
Consumer Cyclical
Industry
Residential Construction
Country
Japan
MIC code
XJPX
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Latest press releases

May 7, 2026
Bright Horizons Family Solutions and Remitly Global Set to Join S&P SmallCap 600

NEW YORK, May 7, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Thursday, May 14:

  • Bright Horizons Family Solutions Inc. (NYSE: BFAM) will replace Tri Pointe Homes Inc. (NYSE: TPH). Sumitomo Forestry Group (TSE: 1911) is acquiring Tri Pointe Homes in a deal expected to close soon, pending final closing conditions.
  • Remitly Global Inc. (NASD: RELY) will replace Apellis Pharmaceuticals Inc. (NASD: APLS). S&P 500 constituent Biogen Inc. (NASD: BIIB) is acquiring Apellis Pharmaceuticals in a deal expected to close soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name      

Action

Company Name

Ticker

GICS Sector

May 14, 2026

S&P SmallCap 600

Addition

Bright Horizons Family Solutions

BFAM

Consumer Discretionary

May 14, 2026

S&P SmallCap 600

Deletion

Tri Pointe Homes

TPH

Consumer Discretionary

May 14, 2026

S&P SmallCap 600

Addition

Remitly Global

RELY

Financials

May 14, 2026

S&P SmallCap 600

Deletion

Apellis Pharmaceuticals

APLS

Health Care

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

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Cision View original content:https://www.prnewswire.com/news-releases/bright-horizons-family-solutions-and-remitly-global-set-to-join-sp-smallcap-600-302766326.html

SOURCE S&P Dow Jones Indices

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