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Sumitomo Heavy Industries ( (JP:6302) ) has provided an update.
Sumitomo Heavy Industries, Ltd. has revised its targets for the fiscal year ending December 31, 2026, as part of its Medium-Term Management Plan 2026. The amendments were driven by lower-than-expected earnings due to weak market conditions in Europe, slow recovery in the semiconductor market, and underperformance in the North American hydraulic excavator business, resulting in reduced financial targets for orders, net sales, and operating profit.
More about Sumitomo Heavy Industries
Sumitomo Heavy Industries, Ltd. operates in the heavy machinery industry, focusing on manufacturing industrial machinery, ships, and environmental protection equipment. The company aims to leverage core technologies to contribute to an affluent society.
YTD Price Performance: -1.73%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.45B
See more data about 6302 stock on TipRanks’ Stock Analysis page.
