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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Hitachi Transport System, Ltd.    9086   JP3791200003

HITACHI TRANSPORT SYSTEM, LTD.

(9086)
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Hitachi Transport System : Japan's Hitachi Transport says to scrap tie-up with SG Holdings

09/24/2020 | 07:36am EST
FILE PHOTO: A branch of the Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo

Japan's Hitachi Transport System on Thursday said it and delivery firm SG Holdings had decided to scrap a four-year-old capital tie-up, citing the need for greater flexibility in the coronavirus era.

The two companies are no longer considering a merger, Hitachi Transport said, adding it would be returning its 20% stake in SG Holdings for 87.5 billion yen ($830 million).

Hitachi Transport said it expected to book a one-time gain of 20.6 billion yen on its parent-only earnings in the year to March related to the share sale.

It was still determining whether the share sale would have an impact on its consolidated earnings, it said.

($1 = 105.4900 yen)

(Reporting by Hideyuki Sano and David Dolan; Editing by Clarence Fernandez and Elaine Hardcastle)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HITACHI TRANSPORT SYSTEM, LTD. -0.31% 3190 End-of-day quote.3.74%
SG HOLDINGS CO.,LTD. 4.00% 2988 End-of-day quote.142.93%
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Financials
Sales 2021 642 B 6 159 M 6 159 M
Net income 2021 21 981 M 211 M 211 M
Net Debt 2021 342 B 3 284 M 3 284 M
P/E ratio 2021 14,3x
Yield 2021 1,46%
Capitalization 260 B 2 502 M 2 498 M
EV / Sales 2021 0,94x
EV / Sales 2022 0,70x
Nbr of Employees 23 837
Free-Float 53,1%
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Technical analysis trends HITACHI TRANSPORT SYSTEM, LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 3 570,00 JPY
Last Close Price 3 110,00 JPY
Spread / Highest target 38,3%
Spread / Average Target 14,8%
Spread / Lowest Target -6,75%
EPS Revisions
Managers
NameTitle
Yasuo Nakatani Executive President & Director
Shunsuke Yonekura Executive Officer & GM-IT Strategy
Takashi Jinguji Representative Director & Executive Vice President
Mitsudo Urano Independent Outside Director
Hiroshi Maruta Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
HITACHI TRANSPORT SYSTEM, LTD.3.74%2 530
UNION PACIFIC13.75%138 574
CANADIAN NATIONAL RAILWAY COMPANY20.52%77 461
NORFOLK SOUTHERN CORPORATION25.03%61 647
CANADIAN PACIFIC RAILWAY LIMITED27.42%43 702
KANSAS CITY SOUTHERN23.73%17 737