Sumitomo Heavy Industries, Ltd.
Notice Regarding Succession of Mechanical Parking Business of Sumitomo Heavy Industries Conveyance Systems Co., Ltd.
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.
Key Figures
- Target Business Sales: 7,090 million yen (Fiscal year ending 2024-12)
- Effective Date of Absorption-type Company Split: 2026-11-01 (planned)
- Capital Increase/Decrease: None
AI要約
Overview of Company Split
Sumitomo Heavy Industries Conveyance Systems Co., Ltd. (SHI-MH) signed a basic agreement on January 26, 2026, to succeed its mechanical parking business to IHI Conveyance Machinery Corporation via an absorption-type company split effective November 1, 2026. The target business encompasses development, design, manufacturing, sales, installation, maintenance, and repair of mechanical parking systems, with sales of 7,090 million yen for the fiscal year ending December 2024. There will be no change in capital, and as this is a simplified split, shareholder meeting approval is not required.
Background and Future Outlook
This is part of a portfolio reform under the Group’s Medium-Term Management Plan 2026 to concentrate management resources on high-growth businesses. The successor, IHI Conveyance Machinery, is a leading company in the mechanical parking sector, expected to further grow the business. The impact on consolidated results for the fiscal year ending December 2026 is expected to be minor.
