Sumitomo Heavy Industries, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023
February 13, 2023 at 01:00 am EST
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Sumitomo Heavy Industries, Ltd. provided consolidated earnings guidance for the Fiscal Year Ending December 31, 2023. For the period, the company expects net sales to be JPY 1,050,000 million, operating profit to be JPY 64,000 million, profit attributable to owners of the parent to be JPY 38,000 million and profit attributable to owners of parent ratio to be JPY 310.21.
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. 
