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Hitachi Construction Machinery Co Ltd (6305.T)

6305.T on Tokyo Stock Exchange

2,627JPY
1:00am EST
Change (% chg)

¥-23 (-0.87%)
Prev Close
¥2,650
Open
¥2,623
Day's High
¥2,649
Day's Low
¥2,607
Volume
1,159,500
Avg. Vol
1,292,096
52-wk High
¥2,663
52-wk Low
¥1,377

Latest Key Developments (Source: Significant Developments)

Hitachi Construction Machinery amends consolidated full-year outlook and year-end dividend for FY 2016
Thursday, 28 Jan 2016 01:00am EST 

Hitachi Construction Machinery Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 760,000 million yen from 780,000 million yen for FY ending March 2016.Sees operating profit forecast at 30,000 million yen.Sees a decrease of pre-tax profit forecast to 19,500 million yen from 21,000 million yen.Sees a decrease of net profit forecast to 9,500 million yen from 13,000 million yen.Sees a decrease of earnings per share to 44.68 yen from 61.15 yen.Comments the sales decrease of construction equipment and mining machines is the main reason for the forecast.Amending year-end dividend forecast to an undetermined value for FY ending March 2016.Latest dividend forecast was 30 yen per share.  Full Article

R&I affirms Hitachi Construction Machinery Co Ltd's rating at "A" and announces stable outlook
Tuesday, 10 Nov 2015 01:00am EST 

Hitachi Construction Machinery Co Ltd:R&I affirms Hitachi Construction Machinery Co Ltd's rating at "A" and announces stable outlook.  Full Article

Hitachi Construction Machinery to fully acquire subsidiary through share exchange
Tuesday, 27 Oct 2015 02:00am EDT 

Hitachi Construction Machinery Co Ltd:Says decided to fully acquire 85 pct owned subsidiary Niigata-Material through share exchange, and planned effective Jan. 1, 2016.One Niigata-Material share can be exchanged to 1.9 share of the company.  Full Article

Hitachi Construction Machinery lowers consolidated full-year outlook for FY 2016
Tuesday, 27 Oct 2015 02:00am EDT 

Hitachi Construction Machinery Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 780,000 million yen from 810,000 million yen.Operating profit forecast decreased to 30,000 million yen from 54,000 million yen.Ordinary profit forecast decreased to 21,000 million yen from 49,000 million yen.Net profit forecast decreased to 13,000 million yen from 27,000 million yen.Earnings per share decreased to 61.15 yen from 127.01 yen.FY 2016 revenues of 799.66 billion yen, net income of 25.64 billion yen – Thomson Reuters I/B/E/S.Comments that decreased demand and expense are the main reasons for the forecast.  Full Article

Hitachi Construction Machinery to offer early-retirement program
Tuesday, 29 Sep 2015 02:00am EDT 

Hitachi Construction Machinery Co Ltd:To offer an early-retirement program to employees, who are above 35 years old as of retirement date.Offering period from the middle of Nov. 2015 to the early Feb. 2016.Says the employees who take up the offer will retire from Jan. 20, 2016 to March 20, 2016.The company will provide retirement payment and outplacement support to the retiring employees.  Full Article

Mitsubishi Nichiyu Forklift and Mitsubishi Heavy Industries to acquire UniCarriers Holdings from Hitachi Construction Machinery and Nissan Motor
Friday, 31 Jul 2015 12:30am EDT 

Mitsubishi Nichiyu Forklift Co., Ltd:Mitsubishi Nichiyu Forklift and Mitsubishi Heavy Industries to acquire 100 pct voting rights (377,500 shares) in Tokyo-based company UniCarriers Holdings, from Innovation Network Corporation of Japan, Hitachi Construction Machinery and NISSAN MOTOR, on Dec. 30.Acquisition price of more than 110,000 mln yen.  Full Article

Hitachi Construction Machinery subsidiary to acquire business
Friday, 22 May 2015 03:00am EDT 

Hitachi Construction Machinery Co Ltd:Subsidiary Hitachi Construction Machinery Japan signs agreement with Kawasaki Heavy Industries Ltd to acquire wheel loader and snowplow selling business from KCMJ, a subsidiary of KCM Corporation.Effective Oct. 1.  Full Article

Hitachi Construction Machinery to issue year-end dividend for FY 2015
Friday, 22 May 2015 03:00am EDT 

Hitachi Construction Machinery Co Ltd:To issue a year-end dividend of 30 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date May 29.Says latest dividend forecast was 30 yen per share.  Full Article