Hitachi Construction Machinery Co., Ltd.
Notice of Changes in Major Shareholders
Change in major shareholders planned. Hitachi, Ltd. will sell its shares; SMBC Nikko Securities will temporarily become a major shareholder, then shares will be resold to other domestic and international institutional investors. Hitachi's shareholder status will cease as of August 19, and SMBC Nikko Securities is expected to obtain 10.1% voting rights; Hitachi will step back as a shareholder, but business relationships will continue.
Key Figures
- Total issued shares: 215,115,038 shares
- Hitachi, Ltd. shareholding: 21,462,310 shares (10.1%) → 0 shares
- SMBC Nikko Securities Co., Ltd. shareholding: 21,526,013 shares (10.1%) → 63,703 shares (0.0% equivalent) / 215,260 shares (10.1%)
- Voting rights: 10.1% → 0.0% (Hitachi); new major shareholder SMBC Nikko Securities 0.0 → 10.1%
AI要約
Overview of the change
As of today, a change in major shareholders is expected. Hitachi, Ltd. will sell its shareholding, and SMBC Nikko Securities will temporarily become a major shareholder. Thereafter, shares will be resold to domestic and foreign institutional investors, and Hitachi is expected to cease being a shareholder. Nevertheless, Hitachi will continue to be a business partner and collaboration will persist.
Impact and outlook
The change in major shareholders is stated to have no impact on our earnings. The change in shareholder composition is part of strategies related to capital policy and shareholder base expansion, and is unlikely to affect long-term financial relations.
Hitachi Construction Machinery Co., Ltd.
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