Sumitomo Heavy Industries, Limited - Notice concerning Application for Selection of the New Market Segment 'Prime Market'
November 29, 2021 at 07:57 am EST
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On July 9, 2021, Sumitomo Heavy Industries, Limited (hereinafter 'SHI') received the results of an initial assessment of compliance with listing criteria for the new market segments from Tokyo Stock Exchange, Inc. (hereinafter 'TSE') and confirmed that SHI conforms with the listing criteria for the 'Prime Market' segment.
SHI announces that, based on this result, its Board of Directors resolved at a meeting held today to select 'Prime Market' as the market segment into which SHI will transfer. SHI will proceed with the prescribed application procedures for selection of the new market segment in accordance with the schedule to be set by the TSE.
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. 
