ITOCHU Corporation
Notice Regarding Additional Acquisition of Shares in Hitachi Construction Machinery Co., Ltd.
Itochu Corporation resolved to acquire HCJI's JIP SPC equity as treasury stock to increase its voting rights ratio in Hitachi Construction Machinery to 33.4%. Completion of acquisition is scheduled for April 2026.
Key Figures
- Voting Rights Ratio in Hitachi Construction Machinery: 33.4% (including direct and indirect holdings)
- Scheduled Completion of Share Buyback: April 2026
- Impact on Consolidated Financial Results for Fiscal Year Ending March 2026: Minor
AI要約
Background and Purpose of Additional Share Acquisition
Itochu Corporation resolved to acquire the JIP SPC equity of HCJI as treasury stock to support sustainable growth and enhance corporate value based on Hitachi Construction Machinery’s medium-term management plan “BUILDING THE FUTURE 2025.” This will raise Itochu’s voting rights ratio in Hitachi Construction Machinery to 33.4%. Hitachi Construction Machinery plans to change its trade name to “Landcross Co., Ltd.” on April 1, 2027, aiming to strengthen global competitiveness alongside a brand renewal.
Future Outlook and Impact
Through this additional share acquisition, Itochu Corporation will strongly support Hitachi Construction Machinery’s growth strategy from capital, business, and management perspectives, accelerating collaboration in priority markets centered on North America and in environmental and next-generation technology fields. It will also promote personnel deployment and management governance enhancement to maximize synergies with the Itochu Group. The impact on consolidated financial results for the fiscal year ending March 2026 is minor, with the effects on future fiscal years currently under review.
