Sumitomo Heavy Industries, Ltd. Revises Consolidated Financial Forecast for the Fiscal Year Ending December 31, 2023
August 07, 2023 at 02:00 am EDT
Share
Sumitomo Heavy Industries, Ltd. revised Consolidated financial Forecast for the fiscal year ending December 31, 2023. For the period, the company expected net sales of JPY 1,075,000 million, Operating profit of JPY 64,000 million, Profit attributable to owners of parent of JPY 38,000 million and Profit attributable to owners of parent ratio JPY 310.21 compared to the previous guidance of net sales of JPY 1,050,000 million, Operating profit of JPY 64,000 million, Profit attributable to owners of parent of JPY 38,000 million and Profit attributable to owners of parent ratio JPY 310.21 provided earlier.
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. 
