Sumitomo Heavy Industries, Ltd. Provides Earnings Guidance for the Medium-Term Ending December 31, 2023 and Year Ending March 31, 2024
May 10, 2022 at 02:00 am EDT
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Sumitomo Heavy Industries, Ltd. provided earnings guidance for the Medium-Term ending December 31, 2023 and year ending March 31, 2024. For the Medium-Term, the company expects orders of JPY 1,070 billion, Net Sales of JPY 1,050 billion, Operating Profit of JPY 76 billion.
For the year, the company expects orders of JPY 1,000 billion, Net Sales of JPY 970 billion, Operating Profit of JPY 70 billion.
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. 
