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The latest update is out from Sumitomo Heavy Industries ( (JP:6302) ).
Sumitomo Heavy Industries announced the merger of its wholly owned subsidiaries, Sumitomo Heavy Industries Himatex Co., Ltd. and Sumitomo Heavy Industries Finetech, Ltd., into its Industrial Equipment Division, effective January 1, 2026. This strategic move aims to streamline operations and enhance the company’s positioning in the metal processing business, reflecting its ongoing efforts to reform its business portfolio and optimize management resources.
The most recent analyst rating on (JP:6302) stock is a Hold with a Yen3000.00 price target. To see the full list of analyst forecasts on Sumitomo Heavy Industries stock, see the JP:6302 Stock Forecast page.
More about Sumitomo Heavy Industries
Sumitomo Heavy Industries, Ltd. operates in the industrial machinery sector, producing a range of equipment from general industrial machinery to precision control machinery. The company focuses on optimizing its management resources in the metal processing business field as part of its business portfolio reform.
Average Trading Volume: 479,037
Technical Sentiment Signal: Sell
Current Market Cap: Yen361.9B
For detailed information about 6302 stock, go to TipRanks’ Stock Analysis page.