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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

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