Tranche Update on Sumitomo Heavy Industries, Ltd.'s Equity Buyback Plan announced on February 14, 2024.
June 21, 2024 at 07:00 am
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From April 1, 2024 to June 20, 2024, the company has repurchased 1,956,700 shares, representing 1.6% for ¥8,434.27 million. With this, the company has completed the repurchase of 2,300,800 shares, representing 1.88% for ¥9,999.94 million under the buyback announced on February 14, 2024.
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. 
