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    5486   JP3786200000

HITACHI METALS, LTD.

(5486)
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Hitachi Metals : Correction to "Notice Concerning the Structural Reforms of the Heat-resistant Exhaust Casting Components Business and the Ceramics Filter Business"

02/26/2021 | 12:03am EDT

February 26, 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: Tatsuya Minami

General Manager, Corporate Communications Dept.

(Phone: +81-3-6774-3077)

(Correction) Partial Correction to "Notice Concerning the Structural Reforms of the Heat-resistant

Exhaust Casting Components Business and the Ceramics Filter Business

(Company Split [Simplified Absorption-type Split] in Which a Business Division is Inherited by a Wholly

Owned Subsidiary)"

Hitachi Metals, Ltd. makes correction to the "Notice Concerning the Structural Reforms of the Heat-resistant Exhaust Casting Components Business and the Ceramics Filter Business (Company Split [Simplified Absorption-type Split] in Which a Business Division is Inherited by a Wholly Owned Subsidiary)" released on January 28, 2021 due to some errors in the contents. Corrections are shown as underlined.

  • 1. Part of the correction

    "2. Summary"

  • 2. Correction Details

[Before correction]

(1) Schedule

The schedule for the transactions is as follows. Note that because the absorption-type split constitutes a simplified absorption-type split under Article 796(2) of the Companies Act, a shareholders meeting of Hitachi Metals will not be convened to approve the absorption-type split.

[After correction]

(1) Schedule

The schedule for the transactions is as follows. Note that because the absorption-type split constitutes a simplified absorption-type split under Article 784(2) of the Companies Act, a shareholders meeting of Hitachi Metals will not be convened to approve the absorption-type split.

1

Disclaimer

Hitachi Metals Ltd. published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 05:02:03 UTC.


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Sales 2021 757 B 6 874 M 6 874 M
Net income 2021 -42 356 M -385 M -385 M
Net Debt 2021 135 B 1 224 M 1 224 M
P/E ratio 2021 -21,4x
Yield 2021 0,41%
Capitalization 908 B 8 244 M 8 245 M
EV / Sales 2021 1,38x
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Nbr of Employees 29 805
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Mean consensus HOLD
Number of Analysts 4
Average target price 1 894,25 JPY
Last Close Price 2 123,00 JPY
Spread / Highest target 2,73%
Spread / Average Target -10,8%
Spread / Lowest Target -28,6%
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Mitsuaki Nishiyama Co-Chairman, CEO & Executive President
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