Hitachi, Ltd. (TSE:6501) is considering selling part of its stake in subsidiary Hitachi Construction Machinery Co., Ltd. (TSE:6305), sources familiar with the matter said January 13, 2022. The sale is part of an effort by Hitachi to shed businesses with little synergy effects as the Japanese electronics and machinery company is focusing resources on the technology field. Hitachi is planning to sell around half of the 51% stake in Hitachi Construction Machinery to trading houseITOCHU Corporation (TSE:8001) and investment fund Japan Industrial Partners Inc., the sources said.

The sale is expected to earn Hitachi around JPY 200 billion. In a statement, Hitachi said it "is considering this matter".