Asia
Sumitomo Heavy Industries to Merge Two Units in Absorption-Type Merger
Sumitomo Heavy Industries (TYO:6302) said it will merge two wholly owned subsidiaries into the parent company effective Jan. 1, 2027, according to a Monday filing on the Tokyo Stock Exchange.The Tokyo-listed company said that it will absorb the two subsidiaries, including Sumitomo Heavy Industries Material Handling Systems and Sumitomo Heavy Industries Construction Cranes, through an absorption-type merger.Post-merger, the operations of the subsidiaries will be integrated under the group's strategic business unit structure introduced in fiscal 2026.
TYO:6302
