Sumitomo Heavy Industries, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022
May 10, 2021 at 02:00 am EDT
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Sumitomo Heavy Industries, Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects net sales to be JPY 870,000 million, operating profit to be JPY 50,000 million, profit attributable to owners of parent to be JPY 27,000 million and profit per share to be JPY 220.39.
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%).