Sumitomo Heavy Industries, Ltd. Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending December 31, 2024
February 14, 2024 at 01:00 am EST
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Sumitomo Heavy Industries, Ltd. provided dividend guidance for the second quarter of fiscal year ending December 31, 2024. For the period, the company expects to pay a dividend of ¥60 per share against ¥60 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%).