Kanadevia Corporation
Notice Regarding Change in Consolidated Subsidiary Due to Share Transfer
Hitachi Zosen will transfer 25,000 shares of its consolidated subsidiary HZME (shareholding ratio decreases from 65% to 40%) to Imabari Shipbuilding, and HZME will be reclassified as an equity-method affiliate as of March 31, 2026.
Key Figures
- Number of Shares Transferred: 25,000 shares (shareholding ratio decreased from 65% to 40%)
- HZME Net Sales: JPY 24,952 million (Fiscal Year Ending March 2025)
- HZME Net Income: JPY -125 million (Fiscal Year Ending March 2025)
AI要約
Overview of Share Transfer
Hitachi Zosen Corporation has resolved to transfer 25,000 shares of its consolidated subsidiary, Hitachi Zosen Marine Engine Co., Ltd. (HZME), to Imabari Shipbuilding Co., Ltd. As a result, the Company's shareholding ratio will decline from 65% to 40%, and HZME will be reclassified from a consolidated subsidiary to an equity-method affiliate as of March 31, 2026. The transfer amount is undisclosed due to confidentiality obligations.
Background and Future Outlook of the Transfer
HZME was established as a new subsidiary by spinning off the marine engine business, jointly invested by Hitachi Zosen and Imabari Shipbuilding. Based on the government’s shipbuilding industry revitalization roadmap and amid changes in the business environment of the shipbuilding sector, this share transfer aims to accelerate capital investment and business expansion, enhancing HZME’s growth and corporate value. The impact of this transfer on the Company’s consolidated financial results is currently under review and will be promptly disclosed if necessary.
