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TYO:6305

7 stories mentioning TYO:6305Updated 25d ago

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Asia

Hitachi Ceases to be Major Shareholder of Hitachi Construction Machinery; SMBC Nikko takes 10.1% stake

Hitachi Construction Machinery (TYO:6305) has ceased to be a major shareholder of Hitachi Construction Machinery, reducing its voting rights from 10.1% to zero, effective Aug. 19.SMBC Nikko Securities simultaneously became a major shareholder with a 10.1% voting stake, holding 21.5 million shares, according to a Tokyo bourse filing on Wednesday.SMBC Nikko then ceased to be a major shareholder on the same day, returning to near-zero holdings after transferring the shares it had aggregated for the sale.

TYO:6305
Asia

Hitachi Construction Machinery's Unit Changes Name

Hitachi Construction Machinery's (TYO:6305) subsidiary, Hitachi Construction Machinery Japan, will change its name to LANDCROS Japan Corp. effective April 1, 2027.The change aligns with the parent company's rebranding to LANDCROS Corp., according to a Tokyo bourse filing on Wednesday.Other subsidiaries with "Hitachi Construction Machinery" in their names will also adopt the "LANDCROS" branding going forward.

TYO:6305
Asia

Japanese Stocks Extend Losses Amid Selloff in Semiconductor; Oil Gains

Japanese stocks extended losses after a selloff in semiconductor-led technology shares, as US Treasury bond yields hit decades-high levels, raising investor concerns over returns on artificial intelligence investments.The benchmark Nikkei 225 closed down 2,134.31 points, or 3.16%, at 65,326.42.Oil prices gained amid energy supply and war escalation concerns as the temporary US-Iran truce deadline expired on Monday and US President Donald Trump announced that no talks were taking place. The UAE halted all trade, commercial, and financial transactions with Iran following renewed attacks from Iranian territory.On the corporate side, Metaplanet (TYO:3350) said it will invest $134.6 million in Super League Enterprise via its U.S. subsidiary Metaplanet Holdings, contributing 2,100 Bitcoin valued at about $132.1 million and $2.5 million in cash for newly issued securities, according to a Wednesday filing with the Tokyo bourse.Also, Hitachi (TYO:6501) plans to sell its entire stake in Hitachi Construction Machinery (TYO:6305) via a securities firm on Wednesday, ending its status as a major shareholder, Hitachi Construction Machinery said in a filing with the Tokyo bourse the same day.

Nikkei 225TYO:3350TYO:6305TYO:6501
Asia

Hitachi to Book 179.9 Billion Yen of Hitachi Construction Machinery Shares Sale

Hitachi (TYO:6501) will post an extraordinary gain of 179.9 billion yen in the fiscal year ending March 31, 2027, due to the sale of shares in Hitachi Construction Machinery (TYO:6305).The gain will come amid completion of the disposal of one listed stock expected on Aug. 21, as well as the sale of shares completed May 15, according to a Wednesday Japan bourse filing.

TYO:6305TYO:6501
Asia

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
Asia

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
Asia

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

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