Sumitomo Heavy Industries, Ltd. Announces Dividend for the Second Quarter Ended June 30, 2023, Payable on September 1, 2023; Provides Dividend Guidance for the Year Ending December 31, 2023
August 07, 2023 at 02:00 am EDT
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Sumitomo Heavy Industries, Ltd. announced dividend of JPY 60.00 per share for the second quarter ended June 30, 2023 against JPY 45.00 per share paid for the same period a year ago. Scheduled date of payment of cash dividends is September 1, 2023.
The company provided dividend guidance for the year ending December 31, 2023. For the year, the company expects dividend of JPY 60.00 per share against JPY 45.00 per share paid for the same period a year ago.
Sumitomo Heavy Industries, Ltd. specializes in the design, manufacturing and marketing of industrial and construction equipment. Net sales break down by family of products as follows:
- construction equipment (29.3%): hydraulic excavators, cranes, road machinery, etc.;
- precision machinery (20.8%): molding machines by injection, electric injection molding machines, medical use cyclotrons, etc.;
- equipment for environment protection (19.8%): energy generators, industrial wastewater processing systems, air pollution control units, etc.;
- machinery components (14.4%): power transmission and control systems (gears, power inverters, geared motors, gearboxes, etc.), motors, mechanical coupling systems, etc.;
- industrial equipment (11%): handling systems, logistic equipment, gas turbines, pumps, etc.;
- ships (4%);
- other (0.7%).
Sumitomo Heavy Industries, Ltd. Announces Dividend for the Second Quarter Ended June 30, 2023, Payable on September 1, 2023; Provides Dividend Guidance for the Year Ending December 31, 2023
SUMITOMO HEAVY INDUSTRIES, LTD. 
