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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Hitachi, Ltd.    6501   JP3788600009

HITACHI, LTD.

(6501)
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Hitachi mulls selling half of its stake in machinery subsidiary

10/23/2020 | 12:48am EST

Hitachi Ltd. is considering selling about half its stake in Hitachi Construction Machinery Co. in a bid to streamline its business, sources close to the matter said Friday.

Hitachi currently owns around a 51 percent stake in the machinery subsidiary. The Japanese conglomerate has been focusing its resources on the infrastructure and information technology sectors and offloading subsidiaries not strongly connected to its core business.

To concentrate on key areas, Hitachi sold its entire stake in chemical unit Hitachi Chemical Co. to Showa Denko K.K. in April and is considering selling its listed steelmaking unit Hitachi Metals Ltd.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HITACHI CONSTRUCTION MACHINERY CO., LTD. -1.02% 2901 End-of-day quote.-11.69%
HITACHI METALS, LTD. 0.07% 1536 End-of-day quote.-4.77%
HITACHI, LTD. 1.50% 4063 End-of-day quote.-12.17%
SHOWA DENKO K.K. -0.20% 1998 End-of-day quote.-31.08%
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Financials
Sales 2021 8 068 B 77 545 M 77 545 M
Net income 2021 363 B 3 487 M 3 487 M
Net Debt 2021 1 596 B 15 337 M 15 337 M
P/E ratio 2021 10,7x
Yield 2021 2,35%
Capitalization 3 952 B 37 989 M 37 982 M
EV / Sales 2021 0,69x
EV / Sales 2022 0,60x
Nbr of Employees 301 056
Free-Float 95,6%
Chart HITACHI, LTD.
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Hitachi, Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 4 709,29 JPY
Last Close Price 4 087,00 JPY
Spread / Highest target 41,9%
Spread / Average Target 15,2%
Spread / Lowest Target -21,7%
EPS Revisions
Managers
NameTitle
Toshiaki Higashihara President, Chief Executive Officer & Director
Hiroaki Nakanishi Chairman
Norihiro Suzuki CTO, Managing Executive Officer, Manager-R&D Group
George William Buckley Independent Non-Executive Director
Harufumi Mochizuki Independent Outside Director
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