29 29 3 All About Smart
12 : This is SHI 1 At a Glance 2 4 6 14 18 16 22 2 24 26 27 3 31 33 66 68 7
This is SHI Link-Belt Construction Equipment Company LBX Company, LLC SEN Sumitomo Machinery Corporation of America Sumitomo SHI Cyclo Drive Germany GmbH SHI Plastics Machinery, Inc. of America Sumitomo SHI Demag Plastics Machinery GmbH Sumitomo SHI Cryogenics of America, Inc.
33.4% 35.3% 21.7% 14.% 14.4% 18.9% 13.% 12.4% 22.1% 16.5% 13.1% 24.% 23.1% 24.8% 13.3% Sumitomo Heavy Industries, Ltd. At a Glance 6,7 6,429 569
Annual Report 29 1 2,5 2, 1,5 1, 5 8 7 6 5 4 4 3 2 1 8 7 6 5 4 1, 8 6 4 2 8 7 6 5 4 12 1 6 4 2 8 8 7 6 5 4 8 6 4 2 8 7 6 5 4 16 12 8 4 4 8 7 6 5 4 1, 8 6 4 2 8 7 6 5 4 15 1 75 5 25 125 8 7 6 5 4 2, 1,6 1,2 8 4 8 7 6 5 4 2 15 1 5 8 7 6 5 4 2 1 1 1 1 1 1
2 Sumitomo Heavy Industries, Ltd. 1 24 25 26 27 28 28..................... 521,31 551,339 6,256 66,769 642,918 $6,56,389.............. 25,91 218,798 222,96 232,593 227,226 2,318,634.......... 87,937 82,74 79,397 91,25 92,625 945,154.............. 65,288 67,372 69,491 76,393 79,62 812,268..................... 54,8 56,54 68,286 81,163 84,31 86,311.................. 18,985 126,375 16,177 179,37 159,154 1,624,23.................... 48,773 47,55 64,224 77,79 56,94 581,18.............. 3,415 29,338 28,844 28,28 12,334 125,862.......... 7,94 4,277 4,494 6,93 1,719 19,38.............. 478 (479) 6,714 14,94 12,562 128,181..................... 4,834 5,847 9,527 12,118 13,585 138,62.................. 5,961 8,533 14,396 16,286 7,543 76,969............... (9) (1) 25 181 197 2,6 EBITDA2.............. 58,55 56,577 74,873 91,578 75,26 767,957.................. 22,792 29,742 37,352 42,974 13,649 139,277.................. 8,175 1,285 17,257 28,18 31,753 324,8.................. 6,317 7,434 8,581 9,98 1,47 12,523.................. 9,282 9,72 1,649 13,788 18,32 186,939... 45,451 5,23 56,789 29,96 34,676 353,841... (6,87) (7,24) (12,461) (41,25) (35,924) (366,571) 3... 39,364 42,999 44,328 (12,154) (1,248) (12,729)... (46,49) (48,812) (41,193) (5,238) 15,625 159,442 1. 29 3 31 1 98 2. EBITDA 3. EBITDA ROIC ROE 7, 8 2 1, 16 5 25 6, 4 2 5, 6 15 75 12 4, 3 15 4 1 5 8 3, 2 1 2, 2 5 25 4 1 5 1, 4 5 6 7 8 4 5 6 7 8 4 5 6 7 8 4 5 6 7 8 EBITDA ROIC ROE
Annual Report 29 3 1 24 25 26 27 28 28..................... 569,771 579,233 6,89 678,634 657,436 $6,78,529.................. 169,228 125,54 88,45 89,567 11,339 1,125,94.................... 137,157 167,74 4............... 26,1 246,371 238,697 2,435,687 1 1 5............ 37.8 49.45 61.99 71.19 22.62 $.23.............. 227.9 279.2 338.95 392.8 378.78 3.87.................. 3. 5. 7. 1. 6..6 ROIC6................ 8.5 8.8 12.2 14. 9.6.............. 9.4 8.6 1.7 11.8 8.9 EBITDA.............. 11.1 1.3 12.5 13.9 11.7................. 24.1 29. 34.1 34.9 34.8 ROA....... 4. 5.1 6.2 6.3 2.1 ROE..... 16.6 17.7 24. 22.4 5.9............... 29.7 21.7 14.7 13.2 16.8 %................... 17 117 118 1 98 4. 26 26 5. 1 55% 1 6. ROIC Return on Invested Capital 35 8, 4 2, 4 5 3 4 25 6, 3 1,5 3 3 2 2 4, 2 1, 2 15 1 1 2, 1 5 1 5 1 4 5 6 7 8 4 5 6 7 8 4 5 6 7 8 2 4 5 6 7 8
4 Sumitomo Heavy Industries, Ltd.
Annual Report 29 5 28 9 28 28 21 21 7
6 Sumitomo Heavy Industries, Ltd.
Annual Report 29 7 28 Q uestion A nswer 28 9 Q uestion A nswer IT 2,5 2, 2, 58 1,5 552 1,5 1, 5 467 329 293 318 387 444 29 156 25 37 123 19 634 69 161 39 45 52 279 8/1Q 8/2Q 8/3Q 8/4Q 1, 5 378 27 455 198 297 188 161 195 198 219 193 211 18 236 291 71 541 553 468 8/1Q 8/2Q 8/3Q 8/4Q
8 Sumitomo Heavy Industries, Ltd. 28 Q uestion A nswer 28 11 27 28 778 49 58 75 54 2 47 569 27 28
Annual Report 29 9 29 Q uestion A nswer Q uestion A nswer 28 29 29 29 29 28 2, 2,5 4,5 6,7 2,5 2,8 5,3 6,429 14 14 569 % 5.% 2.6% 8.9% 25 125 1 53 4.5% 1.9% 7.8% 165 3 65 35 136 2.3%.7% 2.1% 6 26.5% ROIC 2.4% 9.6% 9 13
1 Sumitomo Heavy Industries, Ltd. 21 29 Q uestion A nswer Q uestion A nswer 21 21 3 21 8,5 1, 1, 5 21 28 5 7,7 6,7 7,4 6,429 75 569 BRICs
Annual Report 29 11 21 21 BRICs SEN 27 7, 6, 5, 4, 3, 2, Q uestion M&A A nswer 2728 28 M&A M&A 1, 1998 1999 2 21 22 23 24 25 26 27 28 29
12 Sumitomo Heavy Industries, Ltd. <> % 1 9 8 X 7 6 5 4 3 2 1 X 5 1 cm X X X
Annual Report 29 13 MAP 1 2 5 6 USA Europe Asia 4 36 1m15t PET TOP 1997 28 7%
14 Sumitomo Heavy Industries, Ltd. SEN Sumitomo Machinery Corporation of America Sumitomo SHI Cyclo Drive Germany GmbH SHI Plastics Machinery, Inc. of America Sumitomo SHI Demag Plastics Machinery GmbH Sumitomo SHI Cryogenics of America, Inc. 3, 2, 1, IT 6 7 8 9 3, 2, 1, 6 7 8 9 2,819%2,2722% 12356% 3 15. 29 2 1. 1 5. 1 5. 6 7 8 9
Annual Report 29 15 28 29 28 28 SE-DUZ SE-HDZ SE-HSZ CL7 29 SE75DUZ 28 5% 29 SHX-II
16 Sumitomo Heavy Industries, Ltd. 1, 75 5 25 6 7 8 9 1, 75 5 25 842 6 7 8 9 8%9262%1755% 12 12. 29 9 9. 6 6. 3 3. 6 7 8 9
Annual Report 29 17 28 IPPCFB 1% CFB 29 CFB CFB 28 29
18 Sumitomo Heavy Industries, Ltd. 1,5 1, 5 28 6 7 8 9 9 7 6 1 8 3 78114% 6 7 8 9 7964%12611% 16 2. 29 12 15. 8 1. 4 5. 6 7 8 9
Annual Report 29 19 28 28 9.8m 29 29 QCD Quality Cost Delivery 28 28 6 17 8 29 15,
2 Sumitomo Heavy Industries, Ltd. 1, 75 5 25 6 7 8 9 1, 75 5 25 6 7 8 9 988 8434%13612% 15 18. 29 1 12. 5 6. 6 7 8 9
Annual Report 29 21 28 28 29 28 29 C11 28 29
22 Sumitomo Heavy Industries, Ltd. Link-Belt Construction Equipment Company LBX Company, LLC 2, 1,5 1, 28 5 6 7 8 9 2, 1,5 1, 5 6 7 8 9 1,38826%1,592 11%7554% 2 12. 29 15 1 6. 5 5 6 7 8 9 9. 3. 3.
Annual Report 29 23 28 2 9m 29 29 4 LEGEST HYBRID 6 Link-Belt Construction Equipment Company 28 * 2 28 29 29 Lean Sigma Lean Sigma * HTT-8675
24 Sumitomo Heavy Industries, Ltd. R&D 12 2. 4 R&D 9 1.5 3 6 1. 2 3.5 1 4 5 6 7 8 4 5 6 7 8 28213 35 3% CL7 F1C-E PET HM-18 ZnO F1C-E DSI-126
Annual Report 29 25 25 1 CFB CO2 5 5t 3 4 3 LEGEST LEGEST HYBRID * *LEGEST
26 Sumitomo Heavy Industries, Ltd. 3 CIPO CIPO 2. CIPO 1. CIPO DR 3. 29 4 3,483 35.3% 1,231 5 PCT CIPO 25 PTC 2 15 CIPO CIPO CIPO CIPO CIPO CIPO CIPO 1 PL PL PL PL PL PL PL 5 CIPO : PL : SPL : SPL SPL SPL 4 5 6 7 8 PCT
Annual Report 29 27 27 11 15 7 4 2
Sumitomo Heavy Industries, Ltd. 28 28 1 IT
Annual Report 29 29 29 11 14 19 21 4
Sumitomo Heavy Industries, Ltd. 3 3 29 6 26 CEO CFO Chuck Martz CEO CEO CFO
Annual Report 29 31 19971999 28 SYBRID SYSTEM 6 *SYBRID SYSTEM SYBRID SYSTEM
32 Sumitomo Heavy Industries, Ltd. CO2 28 CO2 28 CO2 2411% 11% 212415% 253% 33% 21254% 266% 6.8% 29261% 141995 GL=-6.5m GL=-25m
Annual Report 29 33 34 11 36 39 4 42 43 46 48 65
34 Sumitomo Heavy Industries, Ltd. 11 1998 1999 2 21.................................. 554,488 566,668 513,753 517,138................................ 464,286 473,798 434,544 43,399....................... 8,572 8,162 71,724 72,564............................... 8,983 12,26 8,688 6,777................................ 9,63 12,79 7,485 14,175 EBITDA2........................... 23,8 26,91 2,42 26,78................................ (2,198) 5,467 1,595 9,99............................... (12,298) (6,328) (28,612) 1,65............... 11,348 39,117 (16,957) 38,88............... (9,5) (1,969) 29,56 (3,343) 3............... 2,298 37,148 12,63 35,465............... 19,79 (48,765) (21,43) (32,785).................... 57,41 45,173 36,496 4,846.................................. 723,673 657,149 579,772 634,94................................ 542,689 474,59 394,252 371,49................................ 124,757 128,784 119,135 199,758............................... 387,199 341,912 324,324 294,552........................... 329,789 298,617 287,69 254,42................................ 72,975 64,829 3,49 87,494 4............................ 1 5......................... (2.88) (1.74) (48.6) 2.8.......................... 123.96 11.12 51.4 148.63............................... 3........................... 1.7 2.2 1.5 2.7 EBITDA.......................... 4.3 4.7 4. 5........................ 1.6 2.2 1.7 1.3 ROA................... (1.7) (1.) (4.9).3 ROE................. (16.9) (9.8) (95.2) 1.9............................. 1.1 9.9 5.2 13.8............................ 53.5 52. 55.9 46.4 D/E............................ 5.3 5.3 1.8 3.4 ROIC6............................ 1.6 1.9 1.3 2.3............................... 14,763 12,66 14,35 15,549............................... 14,17 14,21 12,916 11,92............................. 13,84 13,748 12,411 12,457 1. 29 3 31 198 2. EBITDA 3. 4. 26 26 5. 1 55% 1 6. ROIC Return on Invested Capital
Annual Report 29 35 1 22 23 24 25 26 27 28 28 481,289 482,765 521,31 551,339 6,256 66,769 642,918 $6,56,389 4,46 378,422 47,512 434,94 464,71 55,366 53,72 5,133,383 63,616 64,112 65,25 68,93 71,961 77,613 82,97 845,987 5,8 6,263 6,317 7,434 8,581 9,98 1,47 12,523 17,213 4,231 48,773 47,55 64,224 77,79 56,94 581,18 29,322 5,344 58,55 56,577 74,873 91,578 75,26 767,957 1,477 31,94 47,853 47,585 65,341 75,469 5,275 513,9 2,688 16,262 22,792 29,742 37,352 42,974 13,649 139,277 29,499 75,775 45,451 5,23 56,789 29,96 34,676 $ 353,841 (1,74) (7,929) (6,87) (7,24) (12,461) (41,25) (35,924) (366,571) 28,425 67,846 39,364 42,999 44,328 (12,154) (1,247) (12,73) (22,116) (56,666) (46,49) (48,812) (41,193) (5,238) 15,625 159,442 47,661 57,678 49,18 43,644 47,523 29,879 42,414 432,798 588,1 58,291 569,771 579,233 6,89 678,634 657,436 $6,78,529 329,231 321,4 316,166 317,813 332,59 381,946 38,293 3,88,542 196,14 258,891 253,65 261,421 268,381 296,688 277,143 2,827,987 273,544 215,87 169,228 125,54 88,45 89,567 11,339 1,125,94 225,571 157,353 119,592 81,587 39,89 59,311 65,654 669,937 89,331 114,526 137,157 167,74 26,1 246,371 238,697 2,435,687 1 4.57 27.1 37.8 49.45 61.99 71.19 22.62 $.23 151.86 19.25 227.9 279.2 338.95 392.8 378.78 3.87 3. 5. 7. 1. 6..6 3.6 8.3 9.4 8.6 1.7 11.8 8.9 6.1 1.4 11.1 1.3 12.5 13.9 11.7 1.2 1.3 1.2 1.3 1.4 1.5 1.6.5 2.8 4. 5.1 6.2 6.3 2.1 3. 14.2 16.6 17.7 24. 22.4 5.9 15.2 19.7 24.1 29. 34.1 34.9 34.8 46.5 37.2 29.7 21.7 14.7 13.2 16.8 3.1 1.9 1.2.7.4.4.4 2.6 6.5 8.5 8.8 12.2 14. 9.6 1 14,46 1,562 8,175 1,285 17,257 28,18 31,753 $ 324,8 12,118 1,112 9,282 9,72 1,649 13,788 18,32 186,939 11,777 11,282 11,149 11,319 12,561 14,48 14,984
36 Sumitomo Heavy Industries, Ltd. 1 1,157 6,7 489 1,388 465 2,8 14 1,98 14 1,17 23 179 6,429 152 3,138 5,31 1.878.2% 53 829 18 1,23 8, 1, 2 12, 1, 6, 75, 15 8, 4, 5, 1 6, 4, 2, 25, 5 2, 4 5 6 7 8 4 5 6 7 8 4 5 6 7 8
Annual Report 29 37 6743 7 14 17 8 27 16 293 136 165136 7 6 49 129 165 2 347 388 56 11 187 ROE 8, 2 5, 25 8, 2. 6, 15 4, 2 6, 1.5 3, 15 4, 1 4, 1. 2, 1 2, 5 2,.5 1, 5 1, 4 5 6 7 8 4 5 6 7 8 4 5 6 7 8 ROE
38 Sumitomo Heavy Industries, Ltd. 38 359 53 156 415 254 28 1,13 144 447 63 6571.2 1.% SEN-SHI 212 6,574 144 447 1,55732 96 2,14 257 282 39 1,361 28 1,13 14 5 77 2,387.2 34.8% 3 29 4 16
39 Annual Report 29 39 1. 2. 29 3 8 3. A H1N1 4. 5. 6. 1 3 31 34 13 3 31 19 14 3 31 192 19% 7. 8.
4 Sumitomo Heavy Industries, Ltd. 2928 3 31 1 29 28 29 2 5......................... 44,685 3,256 $ 455,968.............................................................. 14,33 15,588 145,951.................................... 141,361 17,324 1,442,455................................. (1,12) (836) (1,328) 3............................ 149,38 13,45 1,524,29 6........................... 7,631 8,51 77,867 2.............. 23,945 27,663 244,339............................... 38,293 381,946 3,88,542 5................................. 115,99 116,536 1,182,75 5......................... 133,721 125,272 1,364,52 5........... 138,63 126,42 1,48,83.................................. 3,864 5,47 39,428 391,557 373,257 3,995,483............................... (177,529) (168,83) (1,811,519)............................ 214,28 24,454 2,183,964................................. 14,79 27,297 15,917 11............... 13,582 26,76 138,592 6........................... 11,94 1,346 121,834..................................... 24,267 29,445 247,623.................................. (1,464) (1,56) (14,943)................ 63,115 92,234 644,23................................. 657,436 678,634 $ 6,78,529
Annual Report 29 41 1 29 28 29 5............................ 34,176 16,932 $ 348,735 15............... 1,136 2,724 11,589 1 5................... 1, 12,41 5..................... 24, 18, 244,898...................................................................... 37,652 49,297 384,25.................................... 98,438 117,711 1,4,471..................................... 49,977 48,6 59,972................................. 4,81 14,523 49,77............................... 5,661 6,36 57,765............................ 274 29 2,795............................ 1,842 18,797 5 6............ 34,42 36,5 351,22............................... 32,386 31,181 3,85,565 5...................... 41,27 51,911 418,641 13........................ 34,88 32,748 355,184.......................... 237 285 2,415........................ 32,211 32,36 328,68 6........................ 8,7 4,832 82,357............................... 116,353 122,82 1,187,277 8 7 29 3 31.................... 3,872 3,872 315,17 1,2, 65,726.................................. 2,53 2,524 29,21.................................. 148,725 142,53 1,517,66 29 3 312,259,483 28 3 312,144,72........ (1,471) (1,425) (15,6)............................... 198,629 192,24 2,26,827....................... (547) 4,224 (5,578)............................... 1,945 2,459 19,843....................... (3,8) (999) (3,692).............................. 4,36 4,477 411,832.............................. (8,798) (1,11) (89,771).......................... 29,952 45,6 35,634................................. 1,116 9,287 13,226................................. 238,697 246,371 2,435,687......................... 657,436 678,634 $6,78,529
42 Sumitomo Heavy Industries, Ltd. 2928 3 31 1 29 28 29 9............................... 642,918 66,769 $6,56,389 9.................................. 53,72 55,366 5,133,384......................... 82,96 77,613 845,987 585,978 582,979 5,979,371 9.............................. 56,94 77,79 581,18.............................................................. 1,179 1,19 12,34....................... 755 2,436 7,71.................................. 1,872 2,92 19,17...................................................................... (1,611) (1,194) (16,44)................................. (1,941) (1,632) (19,84).................................. (6,919) (6,41) (7,67)......................... 689......................... (6,43) (61,667)............................. (4,932) (5,324).......................... (2,19) (2,6) 4........................... (1,94) (7) (19,431).................... (1,638) (16,71).................................. (1,24)... (98).............................. (759)......................... 33,739 72,515 344,277 6.................................... 17,711 28,87 18,727.................................... 979 (58) 9,989..................................... 18,69 28,812 19,716................................. (1,4) (729) (14,284).................................. 13,649 42,974 $ 139,277 1 1 29 28 29................................. 22.62 71.19 $.23............................................................... 6. 1. $.6
Annual Report 29 43 28 3 31 27 3 31...... 65,726 3,872 2,518 14,95 (996) 155,344.................................. (5,132) (5,132)....................... 42,974 42,974.................... (442) (442).................... 6 13 19............ (66) (66) FIN 48................... (22) (22)................... 67 67................... (449) (449)................... (9) (9).................... 1 1.................. 6 37,13 (429) 36,68 28 3 31........... 65,726 3,872 2,524 142,53 (1,425) 192,24 27 3 31........... 11,195 (1,652) (772) 4,411 166 49,348 1,318 26,1.................................. (5,132)....................... 42,974.................... (442).................... 19............ (66) FIN 48.................. (22)................... 67................... (449).............. (9).................... 1...... (6,971) 4,111 (227) 66 (1,267) (4,288) 7,969 3,681.......... (6,971) 4,111 (227) 66 (1,267) (4,288) 7,969 4,361 28 3 31........... 4,224 2,459 (999) 4,477 (1,11) 45,6 9,287 246,371 FIN 48Accounting for Uncertainty in Income Taxes
44 Sumitomo Heavy Industries, Ltd. 29 3 31 28 3 31......... 65,726 3,872 2,524 142,53 (1,425) 192,24............................. (49) (49)........................ (6,639) (6,639).......................... 13,65 13,65....................... (112) (112)....................... (21) (3) 66 42............... 117 117...................... (44) (44)........................ (21) 7,81 (46) 7,14 29 3 31.............. 65,726 3,872 2,53 148,725 (1,471) 198,629 28 3 31........... 4,224 2,459 (999) 4,477 (1,11) 45,6 9,287 246,371.......................... (49)..................... (6,639)....................... 13,65.................... (112).................... 42............ 117................... (44)...... (4,771) (514) (2,9) (117) (7,697) (15,18) 829 (14,279).......... (4,771) (514) (2,9) (117) (7,697) (15,18) 829 (7,265) 29 3 31........... (547) 1,945 (3,8) 4,36 (8,798) 29,952 1,116 238,697 181817
Annual Report 29 45 1 28 3 31... 65,726 $315,17 $29,425 $1,449,523 $(14,538) $1,959,427....................... (4,175) (4,175).................. (67,743) (67,743).................... 139,277 139,277................. (1,145) (1,145)................. (215) (29) 677 433......... 1,198 1,198................ (445) (445)............ (215) 72,258 (468) 71,575 29 3 31........ 65,726 $315,17 $29,21 $1,517,66 $(15,6) $2,26,827 1 28 3 31........ $ 43,14 $25,96 $(1,194) $413,3 $(11,237) $ 459,799 $ 94,769 $2,513,995....................... (4,175).................. (67,743).................... 139,277................. (1,145)................. 433......... 1,198................ (445)... (48,682) (5,253) (2,498) (1,198) (78,534) (154,165) 8,457 (145,78)....... (48,682) (5,253) (2,498) (1,198) (78,534) (154,165) 8,457 (74,133) 29 3 31........ $ (5,578) $19,843 $(3,692) $411,832 $(89,771) $ 35,634 $13,226 $2,435,687 181817
46 Sumitomo Heavy Industries, Ltd. 2928 3 31 1 29 28 29......................... 33,739 72,515 $ 344,277 :................................. 18,32 13,788 186,939.................................. 1,94 7 19,431.............................. (197).............................. 13.............................. 859 853 8,767.......................... (689).......................... 6,43 84 61,667............................... 4,932 5,324............................ 2,19 2,6...................... 1,638 16,71.................................... 1,24.... 98............................... 759....................... 1,345 1,96 13,729......................... (755) (2,436) (7,71)......................... 5 (171) 52.......................... (1,179) (1,19) (12,34).................................. 1,611 1,194 16,44....................... 3,33 (9,522) 36,461.......................... (19,21) (21,758) (194,91)....................... (25,368) 5,755 (258,862).................................... 6,262 (6,242) 63,894.................................... 62,387 57,69 636,63....................... 1,712 2,499 17,466............................... (1,615) (1,33) (16,48)............................ (27,88) (29,79) (283,748)................. 34,676 29,96 $ 353,841
Annual Report 29 47 1 29 28 29.......................... 55 14 $ 561................... (475) (5,283) (4,848) 2............................... (7,921) (11,944) (8,831)................... 1,45 769 1,668................. (4,511) (3,465) (46,35) 2....... 1,39...................... (28,73) (24,243) (286,456)...................... 1,112 1,429 11,342.......................... 3,137 32,7.................... (57) (68) (58).................... 64 77 658.................................... (3) (52) (3,57)............. (35,924) (41,25) (366,571).................... 19,644 (5,742) 2,443................... 6, 3, 61,224......................... 384 17,5 3,917.................... (2,857) (14,443) (29,154)...................... 42 19 433...................... (112) (442) (1,145).............................. (6,628) (5,115) (67,628).................... (382) (15) (3,897)........... (466) (4,751)............. 15,625 (5,238) 159,442................. (1,818) (143) (18,553)................. 12,56 (17,535) 128,159.................... 29,879 47,523 34,885........... 161........... (39) (292) (389)..................... 14 22 143 2.............. 42,414 29,879 $ 432,798
48 Sumitomo Heavy Industries, Ltd. 48 1. 29 3 31 198 5 3 918 7 5 2,222,631 9
49 Annual Report 29 49 1998 4 127 3 31 27 4 1 27 3 31 27 4 1 2 27 4 1 28 3 31 681 27 4 1 27 3 31 5 689 2 3 31 1998 3 31 22 3 31 29 3 31 19,16195,513 12 12
5 Sumitomo Heavy Industries, Ltd. 5 625 12 27 925 12 27 1 1 5 2928 3 31 1,688 19,669,96 5
Annual Report 29 51 135 6 17 19 3 3 166 1 18 19 3 3 1 1 1 28 3 31 29 3 31 29 3 31 1818 5 17 A SEN-SHI 21 3 3SEN-SHI 1% SEN-SHI 21 4 1SEN SEN-SHI SEN-SHI 21 3 31
52 Sumitomo Heavy Industries, Ltd.................. 11,315.......... 118.................. 11,433 1.... 3,334 2 3 5.................. 1................ 3.2................ 2, B 27 1 1 1% 27 1 1 16.2% 4% 1. 1 3.22, 2. 27 5 8
Annual Report 29 53................ 1,38,.................... 3,332 27 1 128 3 31......... 3,332................... 3,332 28 MARMOR 22. V V GmbHDEMAG ERGOTECH GmbH DEMAG ERGOTECH GmbH SUMITOMO (SHI) DEMAG PLASTICS MACHINERY GmbH DEMAG ERGOTECH GmbH 2 DEMAG ERGOTECH GmbH 2 DEMAG ERGOTECH GmbH 2 1........ 313 2 28 3 31................ 12,83......... 696.................. 12,779 3 1....... 6,663 C DEMAG ERGOTECH GmbH 2 28 3 3DEMAG ERGOTECH GmbH VAN DORN DEMAG CORP. MARMOR 22. V V GmbHDEMAG ERGOTECH GmbH 2 1% 2 3 5
54 Sumitomo Heavy Industries, Ltd. 2. 3 2928 3 31 29 28 29....... 44,685 3,256 $455,968 3.. (2,35) (32) (2,759)........... (237) (345) (2,421).... 1 1..... 42,414 29,879 $432,798 27 1 1 28............................. 9,544............................. 8,442.............................. (313)............................. (5,22)............................. (2,71)............................................. 1,39.... 1,39 28 3 31 29 3 31 A SEN-SHI 29 3 3 29 29.................... 11,477 $117,116.................... 4,242 43,285..................... (3,334) (34,18).................... (876) (8,94).................... (76) (776)............... 11,433 $116,667............ (3,512) (35,836).. 7,921 $ 8,831 28 3 31 C DEMAG ERGOTECH GmbH2 28 3 3 28............................ 17,41............................ 5,369............................. 6,663............................ (1,86)............................ (5,434)....................... 12,779.................... (293)............................ (542).................... 11,944 3. 2928 3 31 29 28 29............. 43,26 39,716 $ 441,432........... 84,826 7,749 865,574.... 21,294 19,985 217,284........... 149,38 13,45 $1,524,29 B
Annual Report 29 55 4. 2928 3 31 29 29 1,633 $16,67 116 1,179 18 1,14 47 478.......................... 1,94 $19,431 28 459 174 51 16.......................... 7 2928 3 31 29 28 29 1.% 21 3... 1, 1, $12,41 218 6 28 1.7%2.2%............. 1,796 2,759 18,331............. 4,367 41,876 411,899............ 2,46 25,19 54,623 54,635 $557,38 1.... 11,136 2,724 113,63............. 43,487 51,911 443,75 29 3 31 3 31 29 29 21...................... 11,136 $113,63 211...................... 11,58 112,838 212...................... 4,794 48,921 213...................... 19,416 198,12 214...................... 1,324 13,58 215................. 6,895 7,363..................... 54,623 $557,38 2928 3 31 5. 2928 3 31 1.15% 1.13% 2928 3 31.5%.66% 29 28 29.......... 294 368 $ 2,996........ 2,754 2,488 28,17......... 1,663 517 16,972................ 34,652 36,464 353,593.............. 39,363 39,837 $41,668
56 Sumitomo Heavy Industries, Ltd. 12 4 2928 3 31 29 28 29.... 45,823 46,19 $467,582.......... 4,351 3,46 44,396.............. 41,472 42,973 $423,186 6. 29 28 3 31 41% 29 3 31 29......................... 4.69%....... 1.37..........................6.... (1.42).......................... 7.76................... (8.37)......................... 11.53............................. 3.24........ 55.4% 2928 3 31 29 28 29............ 3,387 3,724 $ 34,563.......... 846 776 8,634....... 2,48 2,112 2,93....... 15,84 15,652 161,266... 88 1,599 8,975......... 1,621 1,639 16,538....... 1,35 1,67 13,772.......... 3,461 3,25 35,314..... 1,686 17,25............. 7,359 6,824 75,93..... 38,442 36,418 392,263........ (13,617) (7,516) (138,943)..... 24,825 28,92 $ 253,319....... (115) (97) (1,169)............ (1,441)... (4,89) (4,115) (41,728)....... (545) (471) (5,559).. (1,345) (4,17) (13,723)....... (1,333) (1,695) (13,64)............. (15) (542) (156)..... (7,442) (12,531) $ (75,939)....... 17,383 16,371 $ 177,381 28 3 31 15
57 Annual Report 29 57 7. 26 26 5 126 4 3 26 4 3 1%25% 1% 25% 25% 29 3 31 21,15 214,441 29 3 31 4 28 616 8. 2928 3 31 3,25733,24 3,8272928 3 31 14,178 144,6768,193 9. A1 23 45
58 Sumitomo Heavy Industries, Ltd. 2928 3 31 29.......... 227,227 92,625 79,62 84,31 159,154 642,918.. 3,883 2,648 65 226 31 (7,438)................. 231,11 95,273 8,252 84,536 159,185 (7,438) 642,918.................... 218,776 84,554 67,69 7,951 151,642 (7,635) 585,978.................... 12,334 1,719 12,562 13,585 7,543 197 56,94....................... 263,192 7,269 11,71 69,529 118,55 25,24 657,436................... 9,357 1,128 2,871 1,775 3,189 18,32.................... 1,749 155 1,94................... 14,397 999 6,528 3,458 6,371 31,753 28.......... 232,593 91,25 76,393 81,163 179,37 66,769.. 2,887 2,428 1,282 362 7 (6,966)................. 235,48 93,678 77,675 81,525 179,377 (6,966) 66,769.................... 27,272 86,775 63,581 69,47 163,91 (7,147) 582,979.................... 28,28 6,93 14,94 12,118 16,286 181 77,79....................... 29,189 69,296 15,624 61,33 137,97 15,395 678,634................... 7,392 1,56 2,61 1,355 1,924 13,788.................... 632 68 7................... 13,911 2,35 5,521 2,577 3,866 28,18 29.......... $2,318,634 $945,153 $ 812,268 $86,311 $1,624,23 $ $6,56,389.. 39,618 27,17 6,637 2,311 311 (75,894)................. 2,358,252 972,17 818,95 862,622 1,624,334 (75,894) 6,56,389.................... 2,232,39 862,79 69,724 724,2 1,547,365 (77,9) 5,979,371.................... $ 125,862 $19,38 $ 128,181 $138,62 $ 76,969 $ 2,6 $ 581,18....................... $2,685,631 $717,32 $1,129,65 $79,477 $1,29,231 $257,553 $6,78,529................... 95,481 11,54 29,299 18,117 32,538 186,939.................... 17,849 1,582 19,431................... 146,97 1,193 66,612 35,287 65,9 324,8
Annual Report 29 59 28 3 31 1,348 1,348 4848 265 265 31 31 1,2541,254 B 2928 3 31 29............... 56,32 76,77 59,828 642,918...... 38,29 997 11,137 (5,343)...................... 544,529 77,767 7,965 (5,343) 642,918......................... 497,86 69,93 69,748 (51,56) 585,978......................... 46,669 7,837 1,217 1,217 56,94............................ 529,25 5,636 5,533 27,17 657,436 28............... 537,268 78,963 44,538 66,769...... 4,351 1,233 13,71 (55,294)...................... 577,619 8,196 58,248 (55,294) 66,769......................... 513,355 7,684 53,664 (54,723) 582,98......................... 64,264 9,512 4,584 (571) 77,789............................ 533,32 51,359 81,426 12,529 678,634 29............... $5,166,529 $783,364 $61,496 $ $6,56,389...... 389,894 1,176 113,638 (513,78)...................... 5,556,423 793,54 724,134 (513,78) 6,56,389......................... 5,8,24 713,575 711,711 (526,119) 5,979,371......................... $ 476,219 $ 79,965 $ 12,423 $ 12,411 $ 581,18............................ $5,4,513 $516,698 $515,638 $ 275,68 $6,78,529 1. 2.
6 Sumitomo Heavy Industries, Ltd. C 2928 3 31 29.................................. 12,347 19,796 117,17 329,16.................................. 642,918................ 15.9% 17.1% 18.2% 51.2% 28.................................. 12,38 18,441 12,989 331,81.................................. 66,769................ 18.2% 16.4% 15.6% 5.2% 29.................................. $1,44,355 $1,12,364 $1,194,55 $3,358,774.................................. 6,56,389................ 15.9% 17.1% 18.2% 51.2% 1. 2. D 29 3 31 918 7 5 1,59916,315 1,59916,315 63644 63644 32327 32327 3283,345 3283,345 1,81518,516 1,81518,516 272,115 272,115 28 3 31 27 4 1 8282 76 76 247247 83 83 162162 1,371,37
Annual Report 29 61 1. 29 28 3 31 A 29........ 2,74 1,159 1,545............. 514 286 228............. 21,218 1,445 1,773 28........ 27,221 1,816 16,45............. 474 213 261............. 27,695 11,29 16,666 2928 3 31 29 28 29...... 2,544 3,218 $25,96 1.. 769 813 7,848 B 29........ 74 59 15............. 74 59 15 28........ 74 48 26............. 74 48 26 29........ $211,262 $13,67 $17,592............. 5,244 2,97 2,337............. $216,56 $16,577 $19,929 29........ $756 $68 $148............. $756 $68 $148 2928 3 31 3,9224,17 4,543 2928 3 31 29 28 29 1............. 3,792 5,534 $ 38,694 1............... 6,981 11,132 71,235.............. 1,773 16,666 $19,929 2928 3 31 15152 8 2928 3 31 29 28 29 1............. 11 16 $115 1............... 12 25 12.............. 23 41 $235
62 Sumitomo Heavy Industries, Ltd. 2928 3 31 29 28 29..... 697 815 $7,114 1.. 194 248 1,983 D 2928 3 31 29 1 1 5 5 1 1........ 1 1........ 1 1 11. A 2928 3 31 29 28 29.......... 1 1 $ 12..... 2,488 2,442 25,386............. 11 1,11 111.............. 2,59 3,463 $25,599 B 2928 3 31 29 28 29........... 11,717 17,39 $119,566.. 1,928 23,16 111,514.............. (789) 5,716 $ (8,52) C 2928 3 31 28 1 1 5 5 1 1........ 1 1........ 1 1 29 1 1 5 5 1 1........ $12 $ $ $ $12........ $12 $ $ $ $12 12. 29 28 29.............. 1,13 771 $1,334.......... 9 689 96
Annual Report 29 63 A 2928 3 31 29 28 29................................ 872 $ 8,92................................ 14,866 5,785 151,694............................ 819 25 8,355............................ 1,637 429 16,79................................ 692 7,6................................ 15,177 5,466 154,871............................ 1 (7) 98............................ (69) () (75)......................................... (551) 312 $ (5,626) B 2928 3 31 13. A 2928 3 31 29 28 29 1.................................... (74,428) (77,5) $(759,467) 2....................................... 29,7 41,325 295,985 3............................... (45,421) (35,725) (463,482) 4............................ 1,451 2,761 16,647 5............................... 17 229 1,732 6.................................... (8) (13) (81) 7.................................. (34,88) (32,748) (355,184) B 2928 3 31 29 28 29 1....................................... 3,62 3,548 $36,747 2....................................... 1,774 1,76 18,15 3.................................... (642) (723) (6,549) 4....................... 815 (572) 8,316 5.......................... 346 79 3,529 6...................... 98 7.................................... 5,895 5,72 $6,148
64 Sumitomo Heavy Industries, Ltd. C 2928 3 31 29 28 1............... 2................................ 2.% 2.% 3...........................%.%.%.% 4................. 12 12 5................. 1 12 12 14.
Annual Report 29 65 2928 3 31 2928 3 31 29 3 31 1 KPMG AZSA & Co. 29 6 26
66 Sumitomo Heavy Industries, Ltd. 6W kw SE75DUZ PET PETHM-12S SHX-II 2XY SL-5G CFB CFB UD
Annual Report 29 67 8 12 15 15, 1,2 HA9C LS 28HSL
68 Sumitomo Heavy Industries, Ltd. 141-625 21 1 Tel 3-6737-2 URL: http://www.shi.co.jp 541-41 47 28 Tel 6-6223-7111 188-8585 21 1 Tel 42-468-414 263-1 7311 Tel 43-42-1355 237-8555 19 Tel 46-869-1842 474-851 61 Tel 562-48-5111 713-851 823 Tel 86-525-611 792-8588 5 2 Tel 897-32-6211 799-1393 151 Tel 898-64-4811 237-8555 19 Tel 46-869-23 141-31 7 25 9 Tel 3-6737-27 URL: http://www.shiev.shi.co.jp 1% 141-625 21 1 ( Tel 3-6737-262 URL: http://www.shi.co.jp/me 1% 141-625 21 1 Tel 3-6737-264 URL: http://www.shi.co.jp/ses 1% 141-625 21 1 Tel 3-6737-263 URL: http://www.snm.co.jp 1% 792-1 5 2 Tel 897-32-63 URL: http://www.shi.co.jp/stf/ 1% 141-625 21 1 Tel 3-6737-26 URL: http://www.sumitomokenki.co.jp 1% 597-8555 416 1 Tel 724-31-321 URL: http://www.seisa.co.jp 1% 53-1 1 2 2 9 Tel 6-6346-82 URL: http://www.sumiju.co.jp 1% SEN 158-97 41 1 Tel 3-5491-78 1% 474-8555 275 Tel 562-48-5251 URL: http://www.sumitomonacco.co.jp 5% 141-1 56 28 Tel 3-5421-8484 1% 111-41 318 1 Tel 3-5828-923 URL: http://www.lightwell.co.jp 1% 661-851 42 3 Tel 6-6543-35 URL: http://www.izumifood.shi.co.jp 1% 661-851 42 3 Tel 6-6499-5551 URL: http://www.spindle.co.jp 4.6% 792-2 5 2 Tel 897-32-6484 URL: http://www.shiff.co.jp 1%
Annual Report 29 69 Sumitomo Heavy Industries (Shanghai), Ltd. Room 131, Xingdi Business Building, No.1698 Yishan Road, Minhang distrit, Shanghai, People s Republic of China. Tel 86-21-3462-766 1 Sumitomo Machinery Corporation of America 42 Holland Boulevard, Chesapeake, Virginia 23323, U.S.A. PTC Tel 1-757-485-3355 URL: http://www.smcyclo.com 1% Sumitomo (SHI) Cyclo Drive Germany GmbH Postfach 62 (PLZ85227) Cyclostrasse 92 D-85229 Markt Indersdorf, Germany PTC Tel 49-8136-66- URL: http://www.sumitomodriveeurope.com 1% Sumitomo (SHI) Cyclo Drive Asia Pacific Pte. Ltd. No.36 Tuas South Street 3, Singapore 63831 PTC Tel 65-6863-2238 URL: http://www.sumitomodrive.com.sg 1% Sumitomo Heavy Industries (Vietnam) Co., Ltd. 1-7, Thang Long Industrial Park, Dong Anh District, Hanoi, Vietnam PTC Tel 84-4-9554 1% Sumitomo Heavy Industries (Tangshan), Ltd. Tangshan Modern Equipment Manufacturing Industrial Park, Tangshan City, Hebei Province, China Tel 61-33988 1 No.7 Sanjing Road, Dongli Economic Development Zone, Tianjin, China Tel 86-22-2499-351 URL: http://www.smcyclo.com.cn 1% SHI Plastics Machinery, Inc. of America 1266 Oakbrook Drive, Norcross, Georgia 393, U.S.A. Tel 1-77-447-543 URL: http://www.sumitomopm.com 1% Sumitomo (SHI) Demag Plastics Machinery GmbH Altdorfer str. 15, 9571 Schwaig, Germany Tel: 49-911-561 URL: http://www.sumitomo-shi-demag.eu 1 SHI Plastics Machinery (Europe) B.V. Breguetlaan 1A 1438 BC OUDE MEER, Netherlands Tel 31-2-65-33-111 1% S.H.I. Plastics Machinery (S) Pte. Ltd. 67 Ayer Rajah Crescent #1-15 to 26, Singapore 13995 Tel 65-6779-7544 1% SHI Plastics Machinery (Taiwan) Inc. 3F-1, No.687, Sec.5, Chung Shan North Road, Taipei, Taiwan Tel 886-2-2831-45 URL: http://www.spm-northasia.com 1% SHI Plastics Machinery (Hong Kong) Ltd. RM61, Telford House, 12-16 Wang Hoi Road, Kowloon Bay, Hong Kong Tel 852-275-663 URL: http://www.spm-northasia.com 1% SHI Plastics Machinery (Shanghai) Co., Ltd. Dept. F, 1st Fl., Building A, No.51, Ri Jing Road, Shanghai Waigaoqiao Free Trade Zone, Pu Dong New Area, Shanghai, China Tel 86-21-634-3488 URL: http://www.spm-northasia.com 1% SHI Plastics Machinery (Malaysia) Sdn. Bhd. Lot AG 16, 17 & 18, PJ Industrial Park, Jalan Kemajuan, Section 13, 462 Petaling Jaya, Selangor, D.E. Malaysia Tel 6-3-7958-279 49% Sumitomo (SHI) Cryogenics of America, Inc. 1833 Vultee St. Allentown, Pennsylvania 1813-4783, U.S.A. MRI Tel 1-61-791-67 URL: http://www.apdcryogenics.com 1% Sumitomo (SHI) Cryogenics of America, Inc. Chicago Office 15-C Higgins Road, Elk Grove Village, IL 67, U.S.A. Tel 1-847-29-581 1% Sumitomo (SHI) Cryogenics of Europe, Ltd. 2 Eros House, Calleva Park, Aldermaston, Berkshire, RG7 8LN, U.K. MRI Tel 44-11-8981-9373 1% Sumitomo (SHI) Cryogenics of Europe GmbH Daimlerweg 5a D-64293 Darmstadt, Germany Tel 49-6151-8661 1% Sumitomo (S.H.I.) Construction Machinery (Tangshan) Co., Ltd. Tangshan Modern Equipment Manufacturing Industrial Park, Tangshan City, Hebei Province, China Tel 61-3391 1 Link-Belt Construction Equipment Company 2651 Palumbo Drive, P.O. Box 136, Lexington, Kentucky 4583-36, U.S.A. Tel 1-859-263-52 URL: http://www.linkbelt.com/ 1% LBX Company, LLC 24 Buck Lane Lexington, KY 4511-173, U.S.A. Tel 1-859-245-39 URL:http://www.lbxco.com/ 5% Unit 223, Level 22, Tower II, Metroplaza, No.223 Hing Fong Road, Kwai Chung, New Territories, Hong Kong Tel 852-2521-8433 1% SHI Designing & Manufacturing Inc. 8th & 9th Floor Octagon Center, Sanmiguel Ave., Ortigas Center, Pasig City, Metro Manila, Philippines Tel 63-2-636-1935 1% SHI Manufacturing & Services (Philippines) Inc. Barangay Sta. Anastacia, Sto. Tomas, Batangas, Philippines Tel 63-43-45-6263 1%
7 Sumitomo Heavy Industries, Ltd. 141-625 21 1 Tel: 3-6737-2331 URL: http://www.shi.co.jp 188821 1934911 1 3,871,651,3 14,984 3,32 65,726,394 6,671........................ 2.6%........................... 11.%............................ 3.9%...................................... 3.8%...................................... 2.5%...................................... 2.1% State Street Bank and Trust Company..................... 2.%................................... 1.6% Investors Bank and Trust Company....................... 1.6% UBS AG LONDON A/C IPB Segregated Client Account........ 1.4% 29 3 31 29 3 9.37%........................ 33,251........................ 8,595.......................... 91,777.......................... 14,543.......................... 53,985 23.41% 15.29% 1.43% 5.51% URL IR 141-625 21 1Tel: 3-6737-2331
http://www.shi.co.jp Printed in Japan O48 J 91