Source disclosure: February 10, 2026
SUMITOMO HEAVY INDUSTRIES,LTD. [6302.T]
TOKYO, Feb 10 (Pulse News Wire) – Sumitomo Heavy Industries,ltd. (6302.T), decided to implement a voluntary retirement program and review reemployment contracts for employees over 65 years old.
The move aims to reduce domestic group-wide personnel by approximately 500 members, focusing on high-growth areas as part of its portfolio reform strategy outlined in its mid-term business plan. The voluntary retirement program targets employees aged 55 to 65 with more than three years of service at participating companies, including Sumitomo Heavy Industries and some domestic subsidiaries. Recruitment for the program is scheduled for early April 2026, with anticipated departure dates set for May 31, 2026.
Additional benefits include age-based lump-sum payments beyond regular severance packages and career transition support services for interested applicants. In anticipation of the program's implementation, the company expects costs ranging from ¥25 billion to April 01, 2¥026 billion in fiscal 2026. These expenses will be recorded as extraordinary items during the fiscal year.
The initiative is projected to result in annual cost savings of May 31, 2¥026 billion.
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