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    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 EDT
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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HITACHI TRANSPORT SYSTEM, LTD. 0.56% 4455 End-of-day quote.45.11%
SG HOLDINGS CO.,LTD. 1.07% 2821 End-of-day quote.0.32%
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Financials
Sales 2021 639 B 5 799 M 5 799 M
Net income 2021 22 534 M 204 M 204 M
Net Debt 2021 124 B 1 124 M 1 124 M
P/E ratio 2021 19,0x
Yield 2021 1,07%
Capitalization 373 B 3 381 M 3 382 M
EV / Sales 2021 0,78x
EV / Sales 2022 1,03x
Nbr of Employees 23 837
Free-Float 30,9%
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Technical analysis trends HITACHI TRANSPORT SYSTEM, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 3 738,00 JPY
Last Close Price 4 455,00 JPY
Spread / Highest target 1,01%
Spread / Average Target -16,1%
Spread / Lowest Target -34,9%
EPS Revisions
Managers and Directors
NameTitle
Yasuo Nakatani Executive President & Director
Shunsuke Yonekura Executive Officer & GM-IT Strategy
Mitsudo Urano Independent Outside Director
Tetsu Fusayama Independent Outside Director
Sayoko Izumimoto Independent Outside Director
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