TYO:6305

3 stories mentioning TYO:6305

Every FINWIRES story that references TYO:6305, newest first.

Market Chatter: Hitachi Exploring Sale of 8% Stake in Construction Machinery Unit

Hitachi (TYO:6501) is considering selling about 8% of its stake in Hitachi Construction Machinery (TYO:6305) through block trades worth about 100 billion yen, Bloomberg News reported Tuesday, citing people familiar with the matter.The deal could be disclosed as early as today and would reduce Hitachi's stake in the machinery maker to about 10%, according to the report.Hitachi has been streamlining operations and shifting focus toward core areas such as information technology and energy. Last month, the company agreed to sell its home appliances business to Nojima (TYO:7419) as part of broader restructuring efforts, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6305TYO:6501TYO:7419

Asia52d ago

Hitachi Construction Machinery's Net Income Falls 10% in Fiscal Year 2025

Hitachi Construction Machinery's (TYO:6305) net income attributable to owners of the parent fell over 10% to 73.2 billion yen for the fiscal year 2025 from 81.4 billion yen a year earlier.The construction equipment supplier's net income per share declined to 344.06 yen from 382.83 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue gained 2.5% to 1.405 trillion yen for the full year ended March 31 from 1.371 trillion yen in the prior year.It declared a final dividend of 110 yen per share, payable from May 29.For the fiscal year 2026, the company expects attributable net income of 80 billion yen, net income per share of 376.06 yen, and revenue of 1.430 trillion yen.Hitachi Construction Machinery plans to pay interim and year-end dividends of 90 yen and 100 yen per share, respectively, for the year, which is higher than the amount paid in the year-ago period.

TYO:6305

Asia61d ago

Itochu Completes Additional Stake Deal in Hitachi Construction Machinery

Itochu (TYO:8001) said it has completed the additional acquisition of shares in Hitachi Construction Machinery (TYO:6305) following regulatory approvals, according to a Wednesday filing on the Tokyo Stock Exchange.The transaction involved HCJI acquiring shares held by HCJ Holdings, with the treasury share acquisition priced at 134.1 billion yen.

TYO:6305TYO:8001