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An announcement from IHI ( (JP:7013) ) is now available.
IHI Corporation’s consolidated subsidiary IHI Transport Machinery Co., Ltd. will acquire the mechanical parking system business of Sumitomo Heavy Industries Material Handling Systems Co., Ltd. via an absorption-type company split effective November 1, 2026, integrating Sumitomo’s underground and puzzle-type parking operations with IHI’s tower-type and multi-level parking portfolio. By unifying these complementary businesses on a shared management foundation, IHI aims to improve operational efficiency, reinforce its leadership in the parking systems market, and build a more resilient growth platform aligned with its mid-term strategy to focus resources on high-potential businesses that address urban and social mobility challenges.
The most recent analyst rating on (JP:7013) stock is a Buy with a Yen3916.00 price target. To see the full list of analyst forecasts on IHI stock, see the JP:7013 Stock Forecast page.
More about IHI
IHI Corporation is a Japanese industrial conglomerate operating in sectors such as industrial systems and general-purpose machinery, including parking system businesses. Through its consolidated subsidiary IHI Transport Machinery Co., Ltd., the group has long been a leading player in mechanical parking systems—particularly tower-type and multi-level formats—leveraging decades of engineering expertise to support safe, secure and efficient urban mobility.
YTD Price Performance: 26.92%
Average Trading Volume: 20,150,506
Technical Sentiment Signal: Buy
Current Market Cap: Yen3773.3B
See more data about 7013 stock on TipRanks’ Stock Analysis page.