Scheduled for November 1, 2026, IHI Transport Machinery will succeed Sumitomo Heavy Industries Conveyor Systems\u2019 mechanical parking system business through an absorption-type split. The subject business\u2019 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.<\/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":"7013","jir_company_name":"IHI Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/7013-20260126-01.pdf","jir_short_summary":"Scheduled for November 1, 2026, IHI Transport Machinery will succeed Sumitomo Heavy Industries Conveyor Systems\u2019 mechanical parking system business through an absorption-type split. The subject business\u2019 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.","jir_summary":"### Overview of Absorption-Type Split\nIHI Corporation has decided that its consolidated subsidiary, IHI Transport Machinery Co., Ltd., will succeed the mechanical parking system business of Sumitomo Heavy Industries Conveyor Systems Ltd. through an absorption-type split. The absorption-type split agreement is scheduled to be concluded on March 31, 2026, with the effective date planned for November 1, 2026. The subject business includes underground parking equipment as well as maintenance and refurbishment services, with sales of 7,090 million JPY for the fiscal year ending December 2024. There will be no change in capital, and there are no concerns regarding debt fulfillment.\n\n### Purpose of Business Integration and Future Outlook\nThis absorption-type split aims to strengthen the parking system business and capture market growth as part of the IHI Group\u2019s medium-term management plan. By combining IHI Transport Machinery\u2019s strengths in tower-type and multi-level mechanical parking systems with the highly regarded underground parking business of the subject segment, the company intends to enhance operational efficiency and reinforce its business foundation. The impact on the consolidated earnings forecast for the fiscal year ending March 2026 is expected to be minor.","jir_financial_highlights":"Sales of the business to be split: 7,090 million JPY (Unknown)\nNet assets of the company to be split (FY ending December 2024): 30,711 million JPY (Unknown)\nNet assets of the succeeding company (FY ending March 2025): 21,667 million JPY (Unknown)\nConsolidated earnings forecast for FY ending March 2026: Revenue: 1,640,000 million JPY (YoY +0.82%)\nConsolidated earnings forecast for FY ending March 2026: Operating Income: 160,000 million JPY (YoY +11,483 million JPY)\nConsolidated earnings forecast for FY ending March 2026: Net Income Attributable to Owners of Parent: 125,000 million JPY (YoY +12,260 million JPY)","jir_category":"","jir_hashtags":"#IHI Corporation, #CorporateRestructuring, #MechanicalParkingBusiness","jir_key_figures":"Sales of the business to be split: 7,090 million JPY (FY ending December 2024)\nEffective date of absorption-type split: November 1, 2026 (scheduled)\nConsolidated earnings forecast for FY ending March 2026: Revenue 1,640,000 million JPY (YoY +0.82%)","jir_meta_title":"IHI Corporation to Succeed Sumitomo Heavy Industries Conveyor Systems\u2019 Mechanical Parking Business via Absorption-Type Split","jir_meta_description":"IHI Corporation will succeed the mechanical parking system business of Sumitomo Heavy Industries Conveyor Systems through its consolidated subsidiary IHI Transport Machinery via absorption-type split in November 2026. The 2024 sales totaled 7,090 million JPY, with minimal impact on earnings.","jir_og_title":"IHI to Succeed Sumitomo Heavy Industries Conveyor Systems\u2019 Parking Business via Absorption-Type Split","jir_og_description":"IHI will succeed the mechanical parking system business of Sumitomo Heavy Industries Conveyor Systems through its consolidated subsidiary, scheduled for November 2026, with minimal impact on earnings.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6914,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-20876","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n