Hitachi Announces Position and Policy on Decreasing the Investment Unit
Tokyo, May 13, 2016 --- Hitachi, Ltd. (TSE:6501) today announced its position and policy on decreasing investment unit on the stock exchanges in Japan as follows.
1. Position on Decreasing the Investment Unit
Hitachi recognizes that decreasing the investment unit is one of the important means of promoting the participation of wide variety of investors in the stock market and therefore creating the stable and vibrant stock market.
2. Policy on Decreasing the Investment Unit
Hitachi does not currently intend to lower the investment unit for the time being since Hitachi judges that its stock has high liquidity and is held by a wide range of investors. Taking into consideration transitional period to 100-shares trading unit jointly announced by all domestic stock exchanges, Hitachi will continue to carefully consider actions related to decreasing the investment unit from the perspectives of liquidity of Hitachi shares, shareholder composition, and associated costs and benefits, etc.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges. The company’s consolidated revenues for fiscal 2015 totaled 10,034.3 billion yen ($88.7 billion), and it had around 335,000 employees as of March 31, 2016. Hitachi is a global leader in the Social Innovation Business. Through collaborative creation, Hitachi is providing solutions to customers in a broad range of sectors, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Japan : Mickey Takeuchi
U.S. : Tamie Nagamoto
Hitachi America, Ltd.