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SUMITOMO HEAVY INDUSTRIES expands afternoon gains on 22% increase in net profit for January-March quarter driven by strong mechatronics segment

Tue Apr 28, 2026 2:24 pm JST Catalyst

SUMITOMO HEAVY INDUSTRIES,LTD. <6302> saw its gains accelerate sharply in the afternoon session. The company announced its consolidated financial results for the first quarter (January-March) of fiscal year ending December 2026 at 2:00 p.m. on the 28th. Sales increased 5.8% year-on-year to 255.56 billion yen, while net profit rose 21.8% to 7.91 billion yen. Buying emerged in appreciation of the significant profit increase.

Order intake increased 22% year-on-year to 318.4 billion yen. In the mechatronics segment, demand for reducers and gearboxes remained robust both domestically and internationally, while demand for motors and inverters increased from European customers, and demand for cryocoolers grew in the U.S. and China due to semiconductor-related applications. The logistics & construction segment benefited from the order backlog for industrial cranes. Orders for hydraulic excavators bound for Europe increased, leading to higher revenue, but operating profit declined due to increased costs in the North American hydraulic excavator business.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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