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An announcement from Sumitomo Heavy Industries ( (JP:6302) ) is now available.
Sumitomo Heavy Industries announced that its consolidated subsidiary SHI-MH will transfer its parking system business to IHI Transport Machinery Co., Ltd. via an absorption-type company split, under a basic agreement signed on January 26, 2026. The move is part of the group’s “Selection and Concentration” strategy under its Medium-Term Management Plan 2026, aiming to reallocate management resources toward higher-growth areas while ensuring the parking business and its employees can grow under IHI Transport Machinery, a leading player in the parking system industry. The transaction, scheduled to take effect on November 1, 2026, will see IHI Transport Machinery assume the assets, liabilities, contracts and related rights and obligations of the parking system business, with no capital increase or decrease at SHI-MH, and the company expects no issues with the successor’s ability to meet its financial obligations.
The most recent analyst rating on (JP:6302) stock is a Hold with a Yen5017.00 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. is a diversified industrial manufacturer listed on the TSE Prime, with group operations that include material handling systems and specialized machinery for infrastructure and urban environments. Through its subsidiary Sumitomo Heavy Industries Material Handling Systems Co., Ltd. (SHI-MH), the group has developed parking system solutions—particularly puzzle parking systems—primarily for urban office buildings, condominiums, and commercial facilities, supported by long-standing service and maintenance operations.
YTD Price Performance: 15.71%
Average Trading Volume: 906,181
Technical Sentiment Signal: Buy
Current Market Cap: Yen588.1B
For detailed information about 6302 stock, go to TipRanks’ Stock Analysis page.