October 30, 2020
To Whom It May Concern:
Listed Company:
Representative:(Code:Manager for Inquiries:

Sumitomo Heavy Industries, Ltd.
Shinji Shimomura, President and CEO6302)
Michiko Watanabe, General Manager,
Corporate Communications Department(Phone: 03-6737-2331)

Notice Regarding Correction of Financial Forecasts and Dividend Forecast
Please be informed that at the October 30, 2020 board meeting, Sumitomo Heavy Industries, Ltd.
decided to correct the financial forecasts and the dividend forecast announced on August 28, 2020.
1. Consolidated Financial Forecasts for Fiscal Year Ending March, 2021 (April 1, 2020 to March
31, 2021)(Rounded to the nearest million yen)Previous forecast (A)Corrected forecast(B)Difference (B-A)% difference(Reference)
Last year's result(Year ended March,2020)

Net sales(millions ofyen)
790,000
810,000

Operating profit(millions ofyen)
26,00036,000Ordinary profit(millions ofyen)
21,50031,500

Profitattributable toowners of parent(millions of yen)
7,500
16,000

Profit per sharefor current
period(yen)61.22
130.1820,0002.5

10,00038.5

10,000
46.5

8,500
113.3

-864,490

56,821

52,65732,807267.77(Explanation of corrections)
Our financial forecasts were formulated under the assumption that while the impact of theCOVID-19 pandemic was significant, particularly for the Machinery Components, Precision
Machinery, and Construction Machinery segments, which have short lead times after the receipt oforders, there would be gradual recovery during the second half of the fiscal year.
There have been no major changes to this assumption, but due to demand for semiconductorrelated equipment in the other precision machinery business in the first half of the fiscal year being
stronger than predicted and the market situation for the hydraulic excavator business in Japan andChina improving more than was originally predicted, we have upwardly corrected the consolidated
forecasts announced on August 28, 2020 with regard to net sales, operating profit, ordinary profit,and profit attributable to owners of the parent.
Please note that the major exchange rates for the consolidated accounting period of the thirdquarter are predicted to be USD 1 to JPY 105 and EUR 1 to JPY 120.
2. Correction of End of Year Dividend Forecasts
End of 1stquarter(yen)

End of 2ndquarter(yen)End of 3rdquarter(yen)End of year(yen)Total(yen)Previous forecast
Corrected forecast
Current result(Reference)
Last year’s result(Year ended March,2020)

-

9.00
9.00
56.00

-

10.00
30.00
35.00

19.00
39.00
91.00

(Explanation of correction)
In principle, we aim to distribute profits by offering and improving the dividend as per periodicprofit. The dividend is determined after taking all factors into account, including the enrichment ofinternal reserves for long-term and steady business development. We aim for a consolidated
dividend payout ratio of 30%. (The publication of the Medium-Term Management Plan has been
postponed until around May, 2021; the dividend policy from the previous Medium-Term
Management Plan continues to be in effect.)With regard to the dividend forecast for the current fiscal year, the above revisions have been
made based on our dividend policy and the currently calculated consolidated forecasts for the fiscal
year ending March, 2021.
Note: The above forecasts have been made based on information available at the time of publication.
Actual results may vary from the above forecast figures due to a variety of future factors.