Sumitomo Heavy Industries Implements Retirement Program, Sees 582 Employees Depart

TOKYO, Jun 22 (Pulse News Wire) – Sumitomo Heavy Industries,ltd. (6302.T), announced today the results of its voluntary retirement program and contract review for employees over 65 years old.

The program, which targeted employees aged 55 to 65 with more than three years of service, saw participation from 582 individuals. The initiative was conducted from April 1, 2026, to May 31, 2026, with the final departure date set.

Under the program, eligible retirees received additional benefits beyond regular severance packages, including age-based bonuses and career transition support services. Looking ahead, the company expects costs associated with the program to total approximately ¥2.400 billion.

These expenses are anticipated to be recognized as extraordinary charges during fiscal year 2026 and have already been incorporated into the previously disclosed annual consolidated earnings forecast released on February 10, 2026.