Sumitomo Heavy Industries, Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023

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%).