Sumitomo Heavy Industries, Ltd. Declares Dividend for the Year Ended December 31, 2023, Payable on March 29, 2024; Provides Dividend Guidance for the Fiscal Year Ending December 31, 2024
February 14, 2024 at 06:00 am
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Sumitomo Heavy Industries, Ltd. declared a dividend of ¥60 per share for the year ended December 31, 2023. Scheduled date of payment of cash dividends is March 29, 2024.
For the fiscal year ending December 31, 2024, the Group is forecasting a dividend of ¥65 per share.
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. Declares Dividend for the Year Ended December 31, 2023, Payable on March 29, 2024; Provides Dividend Guidance for the Fiscal Year Ending December 31, 2024