Sumitomo Heavy Industries, Ltd. Provides Dividend Guidance for the Second Quarter and Year End of Fiscal Year Ending December 31, 2023
February 13, 2023 at 01:00 am EST
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Sumitomo Heavy Industries, Ltd. provided dividend guidance for the second quarter and year end of fiscal year ending December 31, 2023. For the second quarter ending, the company expects to pay the dividend of JPY 60.00 per share against JPY 45.00 per share for the same period a year ago.
For the full year ending, the company expects to pay the dividend of JPY 60.00 per share against JPY 45.00 per share 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%).