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    5486   JP3786200000

HITACHI METALS, LTD.

(5486)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 04/20
1911 JPY   -0.47%
04/09HITACHI METALS  : Corporate Governance Report
PU
04/08Japan shares slip on coronavirus concerns
RE
04/07HITACHI  : mulls sale of metal unit to Bain Capital-led group
AQ
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Hitachi in talks with Bain to sell metals unit for over 800 billion yen - Nikkei

04/07/2021 | 07:48pm EDT
A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 in Chiba

TOKYO (Reuters) - Japanese industrial conglomerate Hitachi Ltd picked a group led by Bain Capital as the preferential bidder for its metals unit in a deal likely to top 800 billion yen ($7.3 billion), Nikkei reported on Thursday.

Bain, Japan Industrial Partners and Japan Industrial Solutions are considering buying a 53% stake in Hitachi Metals, the financial daily said.

Hitachi Metals recently announced it was buying U.S. software company GlobalLogic for $9.6 billion. But in recent years it has also been divesting domestic hardware assets, including chemical and imaging businesses, aiming to pivot to services instead.

A Hitachi representative was not immediately available for comment. The company previously said it was considering ways to bolster its corporate value.

($1 = 109.8500 yen)

(Reporting by Tokyo Newsroom; Editing by Jacqueline Wong)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HITACHI METALS, LTD. -0.47% 1911 End-of-day quote.22.03%
HITACHI, LTD. -2.62% 5056 End-of-day quote.24.38%
NIKKEI 225 -1.97% 29100.38 Real-time Quote.8.17%
All news about HITACHI METALS, LTD.
04/09HITACHI METALS  : Corporate Governance Report
PU
04/08Japan shares slip on coronavirus concerns
RE
04/07HITACHI  : mulls sale of metal unit to Bain Capital-led group
AQ
04/07Japan stocks fall on virus woes, but M&As lift some industrials
RE
04/07Hitachi in talks with Bain to sell metals unit for over 800 billion yen - Nik..
RE
03/31Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion
RE
03/31Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion
RE
03/30HITACHI METALS  : Launches New Web Site to Introduce Medical Fine Gauge Cable Gl..
BU
03/25MARKET CHATTER : Hitachi Reportedly Shortlists KKR for Metals Unit
MT
02/26HITACHI METALS  : Correction to "Notice Concerning the Structural Reforms of the..
PU
More news
Financials
Sales 2021 757 B 6 981 M 6 981 M
Net income 2021 -42 356 M -391 M -391 M
Net Debt 2021 135 B 1 243 M 1 243 M
P/E ratio 2021 -19,3x
Yield 2021 0,45%
Capitalization 817 B 7 561 M 7 537 M
EV / Sales 2021 1,26x
EV / Sales 2022 1,10x
Nbr of Employees 29 805
Free-Float 46,1%
Chart HITACHI METALS, LTD.
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Technical analysis trends HITACHI METALS, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 1 526,43 JPY
Last Close Price 1 911,00 JPY
Spread / Highest target -1,62%
Spread / Average Target -20,1%
Spread / Lowest Target -37,2%
EPS Revisions
Managers and Directors
NameTitle
Mitsuaki Nishiyama Co-Chairman, CEO & Executive President
Hiroaki Nishioka Chief Financial Officer & Head-Administration
Kenichi Nishiie Co-Chairman
Kazuya Murakami Managing Executive Officer, General Manager-R&D
Ryoichi Aida Chief Quality Officer & Head-Technology
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