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Sumitomo Riko Company Limited ( (JP:5191) ) has issued an announcement.
Sumitomo Riko Company Limited has announced revisions to its full-year financial results forecast for the fiscal year ending March 31, 2026, reflecting changes in net sales and profits due to business restructuring expenses. The company has also decided to increase its interim dividend by 4 yen per share, while eliminating the year-end dividend, as part of a strategic move related to a tender offer by Sumitomo Electric Industries, Ltd., which aims to make Sumitomo Riko a wholly-owned subsidiary and delist its shares.
The most recent analyst rating on (JP:5191) stock is a Buy with a Yen2458.00 price target. To see the full list of analyst forecasts on Sumitomo Riko Company Limited stock, see the JP:5191 Stock Forecast page.
More about Sumitomo Riko Company Limited
Sumitomo Riko Company Limited operates in the manufacturing industry, specializing in the production of rubber and plastic products. The company primarily focuses on automotive parts, industrial products, and materials for infrastructure, serving a global market with a strong emphasis on innovation and sustainability.
Average Trading Volume: 145,714
Technical Sentiment Signal: Buy
Current Market Cap: Yen226.8B
Find detailed analytics on 5191 stock on TipRanks’ Stock Analysis page.