FilingReader Intelligence
Sumitomo Heavy Industries to merge subsidiaries for efficiency
May 29, 2025 at 12:04 PM UTC•By FilingReader AI
Sumitomo Heavy Industries (TSE: 6302) announced today a strategic merger of its wholly-owned subsidiaries, Sumitomo Heavy Industries Himatex Co., Ltd. and Sumitomo Heavy Industries Finetech, Ltd. The merger, approved by the Board of Directors on May 29, 2025, is slated for January 1, 2026. It is structured as a simple absorption-type merger, with Sumitomo Heavy Industries as the surviving entity. As a result, both Himatex and Finetech will be dissolved.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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TSE:6302•Tokyo Stock Exchange
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