August 28, 2020
To whom it may concern
Listed company
Representative

Sumitomo Heavy Industries, Ltd.
President and CEO
Shinji
Shimomura(CodeInquiries6302)(TEL03-6737-2331)

General Manager, Corporate
Communications Dept

MichikoWatanabe

Notification of consolidated forecasts and dividend forecast
At the August 28 2020 board meeting, a decision about the FY 2020 consolidated forecasts and dividend
forecasts, which were undetermined on the Consolidated Financial Report for the 1st Quarter of FY 2020,
published on July 31, 2020 was made as follows.
1.

FY 2020 Consolidated Forecasts (April 1, 2020 to March 31, 2021)(Rounded to the nearest million yen）

Net sales(millions of yen)Previous forecast (A)Operating
Ordinary profit
profit(millions of yen)(millions of yen)

Profit attributableto owners ofparent(millions of yen)

Profit per
share forcurrent
period(yen)―790,000―
26,000―21,500―7,500―
61.22

Difference (B-A)

―

――

―

―

% difference

―

―

―

―

―

864,490

56,821

52,65732,807267.77

Corrected forecast (B)(Reference)
Last year’s result(Year ended March2020)(Explanation of consolidated forecasts)
Forecasts for consolidated results for the fiscal year ending March 31, 2021 were previously
undetermined due to difficulties in making reasonable estimates as a result of the impact of the global
COVID-19 pandemic. As economic activity resumes in each country, these consolidated forecasts have now
been compiled on the basis of the information available at the time of publication.
At the time of making these forecasts, the impact of the COVID-19 pandemic is significant, particularly for
the Machinery Components, Precision Machinery and Construction Machinery segments, which have shortlead times after the receipt of orders. It is expected that there will be a gradual recovery during the second
half of the fiscal year.
(The estimated exchange rates used in these forecasts are USD1 to JPY105 and EUR1 to JPY120.)
2.

Dividend Forecast(Unit: yen)
End of the End of the 2nd End of the 3rd
1st quarter
quarterquarterPrevious forecast (A)―Corrected forecast (B)End of year

Total

―
9.00

―
―

―
10.00

―
19.00

56.00

―

35.00

91.00

―
(Reference)
Last year’s result(Year ended March2020)―(Explanation of dividend forecast)
In principle, we aim to distribute profit by offering and improving dividend as per periodic profit. The dividend isdetermined after taking all factors into account including internal reserve for long-term and steady businessdevelopment. Our consolidated dividend payout ratio is aimed at 30%. (The publication of the Medium-Term
Management Plan has been postponed until around May 2021; the dividend policy from the previous MediumTerm Management Plan continues to be in effect.)As was the case for the consolidated forecasts, the dividend forecast for the current fiscal year was previously
undetermined. However, the above revisions have been made based on our dividend policy and current FY2020 consolidated forecasts.
(Note) The above forecasts concerning future financial results are believed to be reasonable based on
information available at the time of publication. Actual financial results may vary from the above forecasts
due to a variety of factors.
End of document