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Sumitomo Mitsui Construction Executes Loan Drawdown for Business Needs

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Sumitomo Mitsui Construction Executes Loan Drawdown for Business Needs

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An update from Sumitomo Mitsui Construction Co., Ltd. ( (JP:1821) ) is now available.

Sumitomo Mitsui Construction Co., Ltd. has announced a loan drawdown of ¥20,400 million under an existing loan commitment agreement to meet the funding needs of its construction business. The impact of this financial move on the company’s results is expected to be minor, but the company will disclose any significant developments if they arise.

The most recent analyst rating on (JP:1821) stock is a Hold with a Yen641.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Construction Co., Ltd. stock, see the JP:1821 Stock Forecast page.

More about Sumitomo Mitsui Construction Co., Ltd.

Sumitomo Mitsui Construction Co., Ltd. operates in the construction industry, focusing on providing construction services and solutions. The company is listed on the Prime Market of the Tokyo Stock Exchange.

Average Trading Volume: 712,474

Technical Sentiment Signal: Buy

Current Market Cap: Yen93.62B

For detailed information about 1821 stock, go to TipRanks’ Stock Analysis page.

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