May 26, 2022
To Whom It May Concern:
Company:

Sumitomo Heavy Industries, Ltd.

Representative:

Shinji Shimomura
President and Chief Executive
Officer

Code:6302, TSE Prime

Contact:

Yoshitaka Shimamura
General Manager, Corporate
Communications Department
Phone: +81-3-6737-2333

Notice Regarding Partial Amendments to the Articles of Incorporation
At a meeting of the Board of Directors of Sumitomo Heavy Industries, Ltd. (hereinafter referred to as “SHI”
or the “Company”) held on May 26, 2022, the board members passed a resolution to refer the following partialamendments to the Articles of Incorporation to the 126th Ordinary General Meeting of Shareholders to be heldon June 29, 2022.
DETAILS
1. Reason for Amendment of the Articles of Incorporation(1) Amendments to the object
In order to clarify the business object of the Company in light of the current state of its business andto provide for its future business development, the required amendments to Article 2 of the current
Articles of Incorporation have been proposed.
(2) Amendments to provisions associated with a system of electronic provision of information materials
for general meetings of shareholders
With the enforcement of the amending provisions set forth in the proviso of Article 1 of theSupplementary Provisions of the Act Partially Amending the Companies Act (Act No. 70 of 2019) asfrom September 1, 2022, the following amendments to the Articles of Incorporation of the Company
have been proposed in order to make preparations for the introduction of a system of electronic
provision of information materials for general meetings of shareholders:(i) an amendment to provide that measures for electronic provision shall be taken for information
contained in reference materials for general meetings of shareholders (proposed amendment toArticle 16, paragraph 1);(ii) an amendment to establish provisions that limit the scope of matters to be included in documents
issued to shareholders who have requested the issuance thereof (proposed amendment to Article
16, paragraph 2);(iii) an amendment to delete the provisions regarding the disclosure through the Internet of, and the1deemed supply of, reference materials for general meetings of shareholders since those provisions
will no longer be required (Article 16 of the current Articles of Incorporation); and(iv) an amendment to establish supplementary provisions concerning the relevant effective date andother details in connection with the above newly established provisions and deletion (Article 1 ofthe Supplementary Provisions).
(3) Change in the fiscal year period
Each fiscal year of the Company currently starts on April 1 of the year and ends on March 31 of thefollowing year. However, in order to reinforce the SHI global management foundation by adopting auniform fiscal year period with consolidated subsidiaries outside Japan and to implement timely
recognition and disclosure of business performance on the basis of a uniform accounting period, thefollowing amendments to the Articles of Incorporation of the Company have been proposed, and those
consolidated subsidiaries in Japan whose fiscal year is not based on the period from January 1 toDecember 31 of each year are to undergo the same change:(i) an amendment to change the fiscal year period of the Company to the period from January 1 toDecember 31 of each year (Article 33 of the current Articles of Incorporation);(ii) an amendment to make the required changes as adjustments for the above change in the fiscal year
period (Article 13, paragraph 1 and Articles 14, 34, and 35 of the current Articles of Incorporation);and(iii) an amendment to establish supplementary provisions as transitional measures to address the factthat the duration of the 127th fiscal year is nine months from April 1 to December 31, 2022, due
to the change in the fiscal year period (Articles 2, 3, and 4 of the Supplementary Provisions).
2. Details on Amendments to the Articles of Incorporation
The details of the above amendments are as outlined in Attachment.
3. Schedule
The date of the general meeting of shareholders for approval of the amendments to the Articles ofIncorporation: June 29, 2022
The effective date of the amendments to the Articles of Incorporation: June 29, 2022
END

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(Attachment)(The underlined parts are the proposed changes)

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