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Hitachi Ltd (6501.T)

6501.T on Tokyo Stock Exchange

484JPY
23 Sep 2016
Change (% chg)

¥-6 (-1.31%)
Prev Close
¥490
Open
¥482
Day's High
¥487
Day's Low
¥480
Volume
18,875,000
Avg. Vol
22,983,589
52-wk High
¥755
52-wk Low
¥400

Latest Key Developments (Source: Significant Developments)

Japan Atomic Power and Hitachi to build and operate nuclear reactors in U.K. - Nikkei
Wednesday, 6 Jul 2016 01:02pm EDT 

: Japan Atomic Power along with Hitachi to build and operate several nuclear reactors in the U.K. - Nikkei . Hitachi's British unit Horizon Nuclear Power plans to start up four to six local reactors in sequence beginning in the first half of 2020's - Nikkei .Hitachi,Japan Atomic Power in final stages of discussion, with latter to starting to take part in obtaining permits to construct reactors- Nikkei.  Full Article

Hitachi Ltd plans to expand operations in Myanmar to about 30 billion yen for 2020 - Nikkei
Tuesday, 5 Jul 2016 12:33pm EDT 

Nikkei:For fiscal 2020, Hitachi Ltd plans to expand operations in Myanmar including information technology to about 30 billion yen ($295 million) - Nikkei.  Full Article

Hitachi aims to earn over JPY 400 bln in net profit in year to March 2019 - Nikkei
Wednesday, 22 Jun 2016 01:17pm EDT 

Nikkei: Hitachi aims to earn over 400 bln yen ($3.82 bln) in net profit in year to March 2019, more than double 172.1 bln yen logged in fiscal 2015 - Nikkei . Hitachi's net profit for current fiscal year will likely be roughly half of fiscal 2013, due to currency pressures, economic conditions - Nikkei .Hitachi plans to lift operating profit of related business segments to about 320 billion yen in fiscal 2018, about 60% gain from fiscal 2015 - Nikkei.  Full Article

Ansaldo STS and Hitachi sign turnkey contract with DORTS of New Taipei City
Tuesday, 21 Jun 2016 03:36am EDT 

Ansaldo STS SpA : Ansaldo STS and Hitachi as members of the ARH consortium have signed a turnkey contract with New Taipei City Government Department of Rapid Transit System (NTCG DORTS) . ARH consortium includes Ansaldo STS SpA, RSEA Engineering Corp and Hitachi Ltd . Ansaldo STS's scope of work includes supply of CBTC (Communication Based Train Control) technology and all electromechanical systems for equivalent value of 219.8 million euros ($249.17 million) (VAT excluded) .Hitachi Ltd's scope of work includes design and manufacture of metro rail transit train cars which consists of 29 two-car trains, for a total of 58 cars.  Full Article

Hitachi to transfer 31.8 mln shares of Hitachi Capital Corp for 108.1 bln yen
Thursday, 12 May 2016 10:55pm EDT 

Hitachi Ltd <6501.T>: Says the co to transfer 31.8 million shares of Hitachi Capital Corp <8586.T> to Mitsubishi UFJ Financial Group Inc <8306.T> and Mitsubishi UFJ Lease & Finance Co Ltd <8593.T> in August . Says the co to decrease stake in Hitachi Capital Corp to 33.4 percent from 60.6 percent .Says transaction price is 108.1 billion yen in total.  Full Article

Hitachi selling part of stake in Hitachi Capital to MUFG for $994 mln
Thursday, 12 May 2016 10:44pm EDT 

: Hitachi <6501.T>: to sell part of stake in Hitachi Capital <8586.T> to MUFG <8306.T> for 108.1 billion yen ($994 million) . Hitachi's stake in Hitachi Capital will fall to 33.4 percent from 60.61 percent after stake sale to MUFG; will remain top shareholder Further coverage: [nFWN18816B] ($1 = 108.8000 yen) (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Hitachi to shares of subsidiary Hitachi Transport System to SG Holdings Co.,Ltd for 87.5 billion yen
Wednesday, 30 Mar 2016 02:00am EDT 

Hitachi Ltd:To sell 32,349,700 shares of its subsidiary Hitachi Transport System Ltd, to SG Holdings Co.,Ltd.Selling price is 87.5 billion yen.Effective date May 19.After the transaction, Hitachi will hold 30.01 pct voting rights (33,471,578 shares) in Hitachi Transport System, down from 59.02 pct voting rights (65,821,278 shares).  Full Article

Italy tax police search Hitachi Ltd, Finmeccanica, Ansaldo STS offices-sources - Reuters News
Wednesday, 16 Mar 2016 10:48am EDT 

Hitachi Ltd:Italy's tax police searched the offices of Hitachi 6501.T, Finmeccanica SIFI.MI and Ansaldo STS STS.MI on Wednesday as part of an investigation into the acquisition by the Japanese group of a stake in Ansaldo STS, several sources said. - RTRS.Prosecutors are looking into alleged collusion between Hitachi and Finmeccanica over the price paid Finmeccanica for its 40 percent stake in Ansaldo STS.Hitachi has rejected any allegations of collusion saying the price was set in full compliance with laws.The sources said the tax police had searched Hitachi's offices in Naples, Finmeccanica's offices in Rome and Ansaldo STS offices in Genoa.Hitachi was not immediately available for a comment while Finmeccanica and Ansaldo STS declined to comment.The tax police were acting on behalf of Milan prosecutors who are looking into allegations of market rigging and obstructing regulators, the sources said.The investigation was opened at the request of Bluebell Partners, a shareholder of Ansaldo STS.In January Hitachi launched a 9.5 euro per share mandatory public offer to buy out Ansaldo STS minorities after buying the 40 percent stake in Ansaldo STS last year at the same price.But in February Consob forced Hitachi to raise its bid to 9.899 euros per share after complaints by some investment funds that the price was too low.  Full Article

Hitachi announces incorporation-type company split related to LCD panel, etc. manufacturing equipment business, and transfer of shares of new company
Friday, 11 Mar 2016 01:00am EST 

Hitachi Ltd:To transfer LCD panel, etc. manufacturing equipment business to a new subsidiary via incorporation-type split, on July 1.To transfer most of the shares of the new subsidiary to a new company of Polaris Capital Group Co Ltd, on July 1.  Full Article

ShinMaywa Industries to take over business from Hitachi 's unit Hitachi Building Systems
Friday, 26 Feb 2016 03:00am EST 

ShinMaywa Industries LTD:To take over building care packing system business from Hitachi Building Systems Ltd which is the wholly owned subsidiary of Hitachi Co., Ltd. for 16 million yen in total, effective on May 1.  Full Article

BRIEF-Hitachi needs to include deals to achieve goal of raising sales from railway unit to 1 trillion yen in early 2020s - Nikkei

* Hitachi Ltd will need to include mergers, acquisitions to achieve goal of raising sales from railway business to 1 trillion yen ($9.92 bln) in early 2020s - Nikkei