Sumitomo Heavy Industries Conveyance Systems\u2019 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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6302","jir_company_name":"Sumitomo Heavy Industries, Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-01-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/6302-20260126-01.pdf","jir_short_summary":"Sumitomo Heavy Industries Conveyance Systems\u2019 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.","jir_summary":"### Overview of Company Split\nSumitomo 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.\n\n### Background and Future Outlook\nThis is part of a portfolio reform under the Group\u2019s 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.","jir_financial_highlights":"Sales (Target Business): 7,090 million yen (Unknown)\nEffective Date of Absorption-type Company Split: 2026-11-01 (planned) (Unknown)\nCapital Increase\/Decrease: None (Unknown)","jir_category":"","jir_hashtags":"#SumitomoHeavyIndustries, #CorporateRestructuring, #MechanicalParkingBusiness","jir_key_figures":"Target Business Sales: 7,090 million yen (Fiscal year ending 2024-12)\nEffective Date of Absorption-type Company Split: 2026-11-01 (planned)\nCapital Increase\/Decrease: None","jir_meta_title":"Succession of Sumitomo Heavy Industries Conveyance Systems\u2019 Mechanical Parking Business to IHI Conveyance Machinery Scheduled for November 1, 2026","jir_meta_description":"Sumitomo Heavy Industries will succeed its mechanical parking business to IHI Conveyance Machinery through a company split. The business with 7,090 million yen in 2024 sales will be transferred effective November 1, 2026, with minimal impact on performance.","jir_og_title":"Notice of Succession of Mechanical Parking Business of Sumitomo Heavy Industries Conveyance Systems","jir_og_description":"Sumitomo Heavy Industries will succeed its mechanical parking business to IHI Conveyance Machinery through an absorption-type company split, scheduled for November 1, 2026. The impact on performance is expected to be minor.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7856,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-20871","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n