January 29, 2021
To Whom It May Concern
Listed Company:
Representative:(Code:
Manager for Inquiries:(Phone:Sumitomo Heavy Industries, Ltd.
Shinji Shimomura, President and CEO6302)
Michiko Watanabe, General Manager,
Corporate Communications
Department
03-6737-2331)

Notice Regarding Correction of Financial Forecasts and Dividend Forecast
Please be informed that at the January 29, 2021, board meeting, Sumitomo Heavy Industries, Ltd. decided to correct thefinancial forecasts and the dividend forecast announced on October 30, 2020.

1．Consolidated Financial Forecasts for Fiscal Year Ending March 2021 (April 1, 2020 to March 31, 2021)(Rounded to the nearest million yen)
Profit attributable
Profit per share
Net sales
Operating profit Ordinary profit
to owners offor current period(millions of yen) (millions of yen) (millions of yen)
parent(yen)(millions of yen)Previous forecast (A)810,000
36,00031,50016,000130.18Corrected forecast (B)
850,000
46,00041,50022,000179.00Difference (B-A)
40,00010,00010,0006,000―% difference
4.9
27.8
31.7
37.5
―
(Reference)
Last year's result
864,490
56,821
52,65732,807267.77(Year ended March2020)(Explanation of corrections)
Our financial forecasts were formulated under the assumption that, while the impact of the COVID-19 pandemic issignificant, particularly for the Machinery Components, Precision Machinery, and Construction Machinery segments,
which have short lead times after the receipt of orders, there would be a gradual recovery during the second half of thefiscal year.
There have been no major changes to this assumption. However, due to stronger than predicted demand in Japan andChina in the Construction Machinery segment, better than expected progress in application of the percentage-ofcompletion method for construction work in the energy plant business, and a favorable change in profitability in thePrecision Machinery and Industrial Machinery segments, we have upwardly corrected the consolidated forecasts
announced on October 30, 2020 with regard to net sales, operating profit, ordinary profit, and profit attributable toowners of the parent. Please note that the major exchange rates for the consolidated accounting period of the fourth
quarter are predicted to be USD 1 to JPY 100 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
―
―
―
30.00
39.00
Corrected forecast
―
―
―
45.00
54.00
Current result
―
9.00
―
――
(Reference)
Last year’s result
―
56.00
―
35.00
91.00
(Year ended March2020)(Explanation of corrections)
In principle, we aim to distribute profits by offering and improving the dividend as per periodic profit. The dividend
is determined after taking all factors into account, including the enrichment of internal reserves for long-term andsteady business development. We aim for a consolidated dividend payout ratio of 30%. (The publication of theMedium-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 ourdividend 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.