May 27, 2021
To whom it may concern:
Company Name: Hitachi Metals, Ltd.
Name of Representative: Mitsuaki Nishiyama
Chairperson, President, and CEO (Code: 5486; First Section of the Tokyo Stock Exchange)
Contact: Izumi Tsubouchi General Manager, Corporate Communications Dept. (Phone: +81-3-6774-3077)
(Correction) Partial Correction to "Announcement of Reorganization of Sales System in Japan (Transfer of Business Divisions of Wholly-owned Subsidiary through Demerger [Simplified Absorption-type Demerger])"
Hitachi Metals, Ltd. makes correction to the " Announcement of Reorganization of Sales System in Japan (Transfer of Business Divisions of Wholly-owned Subsidiary through Demerger [Simplified Absorption-type Demerger])" released on May 26, 2021 due to some errors in the contents. Corrections are shown as underlined.
Correction Details
Part of the correction; II. Sales Division, etc. Absorption-type Demerger
2. Overview of Parties to the Sales Division, etc. Absorption-type Demerger
[Before correction]
2. Overview of Parties to the Sales Division, etc. Absorption-type Demerger
Demerger company | Successor company | ||
(Hitachi Metals Trading) | (The Company) | ||
(1) | Name | Hitachi Metals Trading, Ltd. | Hitachi Metals, Ltd. |
(2) | Address | 2-70, Konan 1-chome,Minato-ku, Tokyo | 2-70, Konan 1-chome,Minato-ku, Tokyo |
108-8224, Japan | 108-8224, Japan | ||
(3) | Name and title of | Takehisa Seo | Mitsuaki Nishiyama |
representative | President, CEO | Chairperson, President and CEO | |
Marketing of specialty steel products; | Manufacture and marketing of specialty | ||
(4) | Products and | functional components and equipment; | steel products; functional components and |
magnetic materials, applications and power | equipment; magnetic materials, applications | ||
businesses | |||
electronics; and wires, cables and related | and power electronics; and wires, cables and | ||
products | related products | ||
(5) | Capital | ¥350 million (As of March 31, 2021) | ¥26,284 million (As of March 31, 2021) |
(6) | Establishment | April 1950 | April 1956 |
(7) | Number of outstanding | 7,383,200 shares (As of March 31, 2021) | 428,904,352 shares (As of March 31, 2021) |
shares | |||
(8) | Accounting date | March 31 | March 31 |
(9) | Major shareholders | Hitachi Metals, Ltd. 100% | Hitachi, Ltd. 53.4% |
and shareholding ratio | (As of March 31, 2021) | (As of March 31, 2021) | |
- Operating performance and financial position of demerger company in most recent fiscal year (fiscal year ended March 31, 2021; Japanese GAAP)
Net assets | ¥18,449 million | |
Total assets | ¥52,153 million | |
Net assets per share | ¥2,498 | |
Net sales | ¥112,812 million | |
Operating profit | ¥2,009 million | |
Ordinary profit | ¥2,125 million | |
Profit | ¥1,018 million | |
Profit per share | ¥137 |
- Operating performance and financial position of successor company in most recent fiscal year (fiscal year ended March 31, 2021; consolidated; IFRS)
Total assets | ¥972,249 million | ||
Total equity | ¥492,118 million | ||
Equity per share attributable to shareholders of | ¥1,145.26 | ||
the parent company | |||
Revenues | ¥761,615 million | ||
Adjusted operating income* | (¥4,977 million) | ||
Income before income taxes | (¥50,588 million) | ||
Net income attributable to shareholders of the | (¥42,285 million) | ||
parent company | |||
Earnings per share (basic) | (¥98.90) | ||
*Adjusted operating income = Revenues - Cost of sales - Selling, general & administrative expenses |
1
[After correction]
2. Overview of Parties to the Sales Division, etc. Absorption-type Demerger
Demerger company | Successor company | ||
(Hitachi Metals Trading) | (The Company) | ||
(1) | Name | Hitachi Metals Trading, Ltd. | Hitachi Metals, Ltd. |
(2) | Address | 2-70, Konan 1-chome,Minato-ku, Tokyo | 2-70, Konan 1-chome,Minato-ku, Tokyo |
108-8224, Japan | 108-8224, Japan | ||
(3) | Name and title of | Takehisa Seo | Mitsuaki Nishiyama |
representative | President, CEO | Chairperson, President and CEO | |
Marketing of specialty steel products; | Manufacture and marketing of specialty | ||
(4) | Products and | functional components and equipment; | steel products; functional components and |
magnetic materials, applications and power | equipment; magnetic materials, applications | ||
businesses | |||
electronics; and wires, cables and related | and power electronics; and wires, cables and | ||
products | related products | ||
(5) | Capital | ¥350 million (As of March 31, 2021) | ¥26,284 million (As of March 31, 2021) |
(6) | Establishment | September 1950 | April 1956 |
(7) | Number of outstanding | 7,383,200 shares (As of March 31, 2021) | 428,904,352 shares (As of March 31, 2021) |
shares | |||
(8) | Accounting date | March 31 | March 31 |
(9) | Major shareholders | Hitachi Metals, Ltd. 100% | Hitachi, Ltd. 53.4% |
and shareholding ratio | (As of March 31, 2021) | (As of March 31, 2021) | |
- Operating performance and financial position of demerger company in most recent fiscal year (fiscal year ended March 31, 2021; Japanese GAAP)
Net assets | ¥18,449 million | |
Total assets | ¥52,153 million | |
Net assets per share | ¥2,498 | |
Net sales | ¥112,812 million | |
Operating profit | ¥2,009 million | |
Ordinary profit | ¥2,125 million | |
Profit | ¥1,018 million | |
Profit per share | ¥137 |
- Operating performance and financial position of successor company in most recent fiscal year (fiscal year ended March 31, 2021; consolidated; IFRS)
Total assets | ¥972,249 million | ||
Total equity | ¥492,118 million | ||
Equity per share attributable to shareholders of | ¥1,145.26 | ||
the parent company | |||
Revenues | ¥761,615 million | ||
Adjusted operating income* | (¥4,977 million) | ||
Income before income taxes | (¥50,588 million) | ||
Net income attributable to shareholders of the | (¥42,285 million) | ||
parent company | |||
Earnings per share (basic) | (¥98.90) | ||
*Adjusted operating income = Revenues - Cost of sales - Selling, general & administrative expenses |
Part of the correction; III. Business Division Absorption-type Demerger from Hitachi Metals Trading to Hitachi Metals Tool Steel and Sale to Dealers
1. Overview of Business Division to be Transferred from Hitachi Metals Trading to Hitachi Metals Tool Steel
(3) Status after the absorption-type demerger"
[Before correction]
Successor company (Hitachi Metals Tool Steel)
① | Name | Hitachi Metals Tool Steel, Ltd. |
Address | 2-70, Konan 1-chome,Minato-ku, Tokyo 108-8224, Japan | |
② | Name and title of | Fumihito Kobayashi, Chairperson, President and CEO |
③ | representative | |
④ | Products and businesses | Sale, thermal treatment and processing of specialty steel, etc. |
Share capital | ¥100 million (As of March 31, 2021) | |
⑤ | Accounting date | March 31 |
⑥ |
2
[After correction]
Successor company (Hitachi Metals Tool Steel)
① | Name | Hitachi Metals Tool Steel, Ltd. |
Address | 2-70, Konan 1-chome,Minato-ku, Tokyo 108-8224, Japan | |
② | Name and title of | Fumihito Kobayashi, President, CEO |
③ | representative | |
④ | Products and businesses | Sale, thermal treatment and processing of specialty steel, etc. |
Share capital | ¥100 million (As of March 31, 2021) | |
⑤ | Accounting date | March 31 |
⑥ |
Ends
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Disclaimer
Hitachi Metals Ltd. published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2021 10:02:05 UTC.