Hitachi Announces Delisting Schedule from New York Stock Exchange
Tokyo, April 5, 2012 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced the delisting schedule from the New York Stock Exchange, or the NYSE, notifying to the NYSE on April 5, 2012 (Eastern Standard Time in the U.S.) applying for voluntary delisting of its American Depositary Shares, or ADSs, in connection with its announcement on March 30, 2012 relating to its intention of delisting from the NYSE.
April 5, 2012 (Thu.) Notice to the NYSE applying for voluntary delisting
April 16, 2012 (Mon.) Submission of a Form 25 for delisting from the NYSE
April 27, 2012 (Fri.) Effective date of delisting from the NYSE
Concurrently with the delisting, Hitachi plans to submit a Form 15F to the U.S. Securities and Exchange Commission for termination of registration of its ADSs and its reporting obligations under the Securities and Exchange Act of 1934, as amended, and the rules promulgated thereunder.
Hitachi intends to maintain its American Depositary Receipt program in the United States, and therefore anticipates that its ADSs will continue to be traded on the U.S. over-the-counter market.
Tokyo, Osaka and Nagoya
(Hitachi plans to delist its shares from Fukuoka and Sapporo.)
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Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Hitachi America, Ltd.