|Bid||1,754.00 x 0|
|Ask||1,758.00 x 0|
|Day's Range||1,739.00 - 1,766.00|
|52 Week Range||951.00 - 1,778.00|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 28, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||1,505.00|
Moody's Japan K.K. has affirmed Hitachi, Ltd.'s A3 senior unsecured rating and P-2 commercial paper rating. A full list of affected ratings, which include that for Hitachi's supported subsidiary, is provided at the end of this press release. "The affirmation of Hitachi's rating reflects its leading position as one of the largest manufacturing companies in Japan, with a strong core franchise in IT services and a diversified portfolio that provides a measure of resilience to economic cycles," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer.
Hitachi Metals has entered into a licensing agreement with Teikuro for the technical provision of surface treatment in the North American market.
Japanese shares ended lower on Thursday, tracking Wall Street's losses, as the U.S. Federal Reserve's minutes showed that policymakers were concerned about the uncertain path of economic recovery from the coronavirus pandemic. "With earnings season over, the market is waiting for new factors," said Takashi Hiroki, chief strategist at Monex Securities. Minutes from the Fed's July 28-29 meeting published on Wednesday showed policymakers judged that the swift rebound in employment seen in May and June had likely slowed and that additional "substantial improvement" in the labour market would hinge on a "broad and sustained" reopening of business activity.