Sumitomo Heavy Industries cuts forecasts amid market headwinds

Sumitomo Heavy Industries reported net sales of 494.6 billion yen for the six months ending June 30, down 4.9% year-over-year. Operating profit fell 35% to 21.7 billion yen, while profit attributable to owners plunged 47.3% to 12.4 billion yen.

The company revised its full-year 2025 forecasts downward, projecting net sales of 1.05 trillion yen and profit attributable to owners of 25 billion yen, citing delays in semiconductor-related and hydraulic excavator market recoveries.