Sumitomo Heavy (6302 JT) FY (JPY) net 30.9bln (prev. 7.7bln Y/Y), rev. 1.07tln (prev. 1.07tln Y/Y), to conduct JPY 10bln share buyback, cut about 500 employees through voluntary retiree incentive program and will sell Shin Nippon Machinery for JPY 14.9bln
Importance
Level 1
#JAPAN#JPY#SUMITOMO CORP#SUMITOMO HEAVY INDUSTRIES LTD#6302.JT#METALS#ASIAN SESSION#COMMODITIES#METALS & MINING#MACHINERY#MATERIALS (GROUP)#CAPITAL GOODS#ASIAN EQUITIES