TYO:7419

4 stories mentioning TYO:7419

Every FINWIRES story that references TYO:7419, 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.)

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Asia39d ago

Nojima Attributable Net Income, Net Sales Jump in Fiscal Year 2026

Nojima's (TYO:7419) net income attributable to owners of the parent for fiscal year 2026 increased to 38.93 billion yen from 32.29 billion yen a year earlier.The consumer electronics company's EPS increased to 125.16 yen from 106.50 yen a year ago, according to a Tokyo bourse filing on Thursday.Meanwhile, net sales for the year ended March 31 jumped to 982.80 billion yen from 853.43 billion yen in the prior year.In a separate disclosure, Nojima said its board determined a year-end dividend of 10 yen per share, payable June 5. The amount is higher than the 8 yen the company forecasted in January, but lower than the 25 yen from the year-ago period.Looking into fiscal 2027, the company expects a 23.3% annual growth in attributable net income to 48 billion yen and a 1.7% jump in net sales to 1 trillion yen.

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Asia55d ago

Nojima to Acquire 80.1% of Hitachi's Home Appliance Unit for 110 Billion Yen

Nojima (TYO:7419) has agreed to acquire an 80.1% stake in a newly established company that will absorb Hitachi's (TYO:6501) home appliance business, for a total consideration of 110.1 billion yen, according to a Tokyo bourse filing on Tuesday.The acquisition of Hitachi Global Life Solutions (Hitachi GLS) will be executed through a special purpose company (SPC), a wholly owned subsidiary of Nojima.Under the agreement, Hitachi GLS will transfer its home appliance operations to the new company via an absorption-type company split, and Nojima's SPC will then purchase the majority stake.Concurrently, Hitachi GLS will acquire the remaining 60% of Arcelik Hitachi Home Appliances (AHHA) from Arcelik, giving the new company full ownership of AHHA and consolidating Hitachi's home appliance operations globally.Nojima aims to combine its customer engagement strengths with Hitachi's manufacturing expertise to deliver high-value-added products and build a globally integrated business model.The share purchase is expected to be completed during the fiscal year ending March 2027.

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Asia55d ago

Nojima Clarifies Hitachi Unit Acquisition Report, Says Deal Under Consideration

Nojima (TYO:7419) said while it is considering acquiring at least a majority stake in Hitachi Global Life Solutions, a unit of Hitachi (TYO:6501), no official decision has been announced yet.The consumer electronics company was responding to a Nihon Keizai Shimbun report claiming that the electronics retailer had decided to proceed with the acquisition for over 100 billion yen, according to a Tokyo bourse filing on Tuesday.Nojima further clarified that the report was not based on any company announcement.The matter is scheduled for discussion at a Board of Directors meeting later today, and Nojima has committed to making an official disclosure if any disclosable matters arise.

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