#MechanicalParkingBusiness

Sumitomo Heavy Industries Conveyance Systems’ mechanical parking business (2024 sales of 7,090 million yen) will be succeeded by IHI Conveyance Machinery on November 1, 2026, via an absorption-type company split. No capital increase or decrease is expected, and the impact on performance is anticipated to be minor.

Scheduled for November 1, 2026, IHI Transport Machinery will succeed Sumitomo Heavy Industries Conveyor Systems’ mechanical parking system business through an absorption-type split. The subject business’ sales for the fiscal year ending December 2024 were 7,090 million JPY, with negligible impact anticipated on the earnings forecast for the fiscal year ending March 2026.