6501.T - Hitachi, Ltd.

Tokyo - Tokyo Delayed Price. Currency in JPY
3,963.00
+81.00 (+2.09%)
At close: 3:15PM JST
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Previous Close3,882.00
Open3,848.00
Bid3,961.00 x 0
Ask3,964.00 x 0
Day's Range3,839.00 - 3,974.00
52 Week Range2,767.50 - 4,198.00
Volume3,461,300
Avg. Volume3,161,856
Market Cap3.829T
Beta (3Y Monthly)N/A
PE Ratio (TTM)52.71
EPS (TTM)N/A
Earnings DateJul 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4,903.60
  • Reuters8 days ago

    UPDATE 2-Intruders jump fence at U.S. nuclear reactor that uses bomb-grade fuel

    Two people jumped a security fence at a GE Hitachi research reactor near San Francisco, the U.S. nuclear power regulator said on Thursday, raising concerns over a plant that is one of the few in the country that uses highly enriched uranium, a material that could be used to make an atomic bomb. The intruders jumped a security perimeter fence at the Vallecitos reactor in Alameda County on Wednesday afternoon, a 1,600-acre (647.5-hectare) site about 40 miles (64 km) east of San Francisco, the U.S. Nuclear Regulatory Commission said on its website in a security threat notice.

  • Reuters8 days ago

    UPDATE 1-Hitachi starts sale of $5.6 bln chemical unit, first bids due by Aug. 9 -sources

    Japan's Hitachi Ltd has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due in August, people familiar with the matter said, a deal that is expected to draw interest from global private-equity firms. Hitachi has asked potential bidders to submit first-round bids for Hitachi Chemical Co, four people said, declining to be identified as the information is not public. Hitachi has hired Bank of America Merrill Lynch while Hitachi Chemical has retained Goldman Sachs Group Inc to advise on the deal, the two people said.

  • Reuters8 days ago

    Hitachi kicks off sale for chemical unit, first bids due by Aug. 9 -sources

    Japan's Hitachi Ltd has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due on Aug. 9, people familiar with the matter said, a deal expected to draw interest from global private equity firms. Hitachi has formally asked potential bidders to submit first-round bids for Hitachi Chemical Co, four people said, declining to be identified because the information is not public. Hitachi has hired Bank of America Corp while Hitachi Chemical has retained Goldman Sachs Group Inc to advise on the deal, the two people said.

  • GlobeNewswire9 days ago

    Hitachi Vantara’s Pentaho 8.3 Facilitates DataOps Across Edge-to-Multicloud Environments

    Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE:6501), today announced Pentaho 8.3, the latest version of the company's data integration and analytics platform software. Pentaho 8.3 introduces a series of features designed to support DataOps, a collaborative data management practice that helps customers realize the full potential of their data. This latest version delivers improved data agility from customers’ edge-to-multicloud environments while facilitating privacy, security and overall data governance.

  • If Masayoshi Son Won't Invest in Japan, Why Should You?
    Bloomberg15 days ago

    If Masayoshi Son Won't Invest in Japan, Why Should You?

    (Bloomberg Opinion) -- Softbank Group Corp.’s Vision Fund has invested its $100 billion cash pile in 75 unicorns around the world. Not a single one is from Japan, its own backyard.That may be because the pickings are slim: While the U.S. has 179 unicorns, China 93, and India 18, Japan has just two, according to CB Insights. How can a country that pioneered the Walkman and android robots fail to produce more valuable startups? The explanation may be somewhat arcane, but helps get to the bottom of a damaging cycle that’s left Japan with an uninspiring pool of fledgling innovators.The listing standards for the small-cap Tokyo Stock Exchange Mothers Index are exceedingly low. To join Nasdaq, its New York counterpart, companies need a minimum of 1.25 million traded shares upon listing. That compares with just 2,000 for Mothers. This short hurdle, among others, means young, cash-hungry firms can tap public markets pretty easily, and sidestep the grinding process of courting investors through multiple rounds of funding.The trouble is, size begets size. The bigger a company at listing, the greater the likelihood of attracting large chunks of institutional money and growing still larger. (It pays to be patient.) What’s left is an index stuffed with unreliable runts: 96% of Mothers's 283 components have a valuation of less than $1 billion, compared with roughly one-third for Nasdaq. The Japanese index was notorious for its scandal-studded constituents in the past, and remains volatile.Just two Japanese unicorns have gone public in the last two years, with mixed results: Flea market app Mercari Inc. is down 4% since raising $1.2 billion last June, while business-card scanner and networking firm Sansan Inc. is up 33% after listing last month. The two unicorns left include four-year-old Preferred Networks Inc., whose app uses artificial intelligence to automate the coloring of manga cartoons, and Tokyo-based cryptocurrency trading platform Liquid Group Inc.With few appealing options, the likes of Masayoshi Son take their venture-capital dollars elsewhere. But the bigger the funding vacuum, the greater the incentive startups have to list early and small. And so the cycle continues.There are cultural challenges to Japanese innovation, too. Attracting young graduates to unsteady jobs can be a tough sell: Many would rather join Toyota Motor Corp. or other established firms. Japanese founders also have a reputation for crippling timidity when asking for money, unlike their brazen rivals in Silicon Valley.  That’s not to say that startup activity has plateaued. Venture funding hit a record $3.5 billion last year, though that’s a shadow of levels in the U.S. and China, which both top out at more than $100 billion. This year, the Mothers index is up around 20% in local currency terms, outperforming the 9% gain for the benchmark Topix index, and IPO volumes reached a high last year.Attitudes are also changing. Startups are losing their stigma and luring more graduates, Yoshito Hori, managing partner of domestic venture-capital firm Globis Capital Partners told the AVCJ Japan Forum last week in Tokyo. Funding into early-stage tech firms reached $1.7 billion this year, according to Asia Private Equity Review, compared with more than $1.6 billion in all of 2018. But even Hori, whose firm backed Mercari and Sansan, said that there’s still not enough money around to back mega venture-capital funding rounds. The truth is that the real opportunities in Japan are in private equity, with plenty of mature firms desperate for a turnaround and aging founders looking for buyouts. Last year, a group led by Bain Capital acquired Toshiba Corp.’s memory chip business for $18 billion. This week, KKR & Co. sold the semiconductor part of Japan’s Hitachi Kokusai Electric to U.S.-based Applied Materials Inc. for around $2.2 billion. It paid around the same amount when it bought the entire wireless equipment maker, including the video business it’s retaining, from Hitachi Ltd. just 18 months ago. Even the Japan Post Bank Co., one of the world’s largest lenders, and the country’s Government Pension Investment Fund, the biggest pool of retirement savings in the world, are allocating money toward private equity. Still, a prime minister can dream: Shinzo Abe's government aims to produce 20 unicorns by 2023. The chances of pulling that off are sobering.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Applied Materials Said to Buy Kokusai Electric
    Bloomberg17 days ago

    Applied Materials Said to Buy Kokusai Electric

    (Bloomberg) -- Applied Materials Inc., the biggest maker of machines used to make semiconductors, is buying Kokusai Electric from KKR in a deal worth about 250 billion yen ($2.3 billion), a person with knowledge of the matter said, asking not to be identified because the details aren’t public.Investment firm KKR bought the Japanese mobile phone and wireless communication equipment manufacturer, a former unit of Hitachi, in a tender offer in 2017.A representative for KKR declined to comment. Representatives for Applied Materials didn’t immediately respond to requests for comment.Applied Materials sought to merge with Tokyo Electron in 2015, but the deal was scrapped amid opposition from the U.S. Department of Justice.The proposed deal by Applied Materials to buy Kokusai Electric, first reported by the Nikkei newspaper, is also seen facing scrutiny from regulators.(Corrects Kokusai Electric company name throughout.)To contact the reporter on this story: Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Tom Giles at tgiles5@bloomberg.net, Colum Murphy, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Huawei Reprieve Is Good and Bad News for Asia Tech Stocks
    Bloomberg18 days ago

    Huawei Reprieve Is Good and Bad News for Asia Tech Stocks

    (Bloomberg) -- Stock markets in Asia surged in a relief rally Monday after the world’s largest economies declared a truce in their trade war. The sector that just won the biggest reprieve is tech stocks.President Donald Trump’s decision to allow U.S. corporations to resume sales to Huawei Technologies Co., China’s largest telecommunications-equipment maker, and plans to hold off imposing an additional $300 billion in tariffs made tech stocks the best performers in Asia Monday. The MSCI Asia Pacific Infotech Index soared as much as 2%, while the regional benchmark climbed 0.9%.Trump and Xi Call Time (For Now) on Trade War: Balance of PowerShares of chipmakers -- among the biggest contributors to the MSCI Asia Pacific Index -- have been embroiled in the U.S. and China trade conflict for more than a year. Trump’s move to cut off supplies to Huawei in May added to the sector’s wall of worry. Volatility has soared by about 300% since its low just before the trade spat escalated.These Asia Stocks May Benefit From Halt to Huawei Ban, Citi Says“The lifting of a ban on the sale of technology to Chinese companies was a step beyond expectations and the market reaction come Monday will likely be positive,” said Kerry Craig, global market strategist at JPMorgan Asset Management, by email.Samsung Electronics Co. -- the world’s biggest chipmaker -- erased early gains and fell 0.9% after Japan said the exporters of chip materials to South Korea will have to apply for individual approvals from July 4, citing a worsening bilateral trust relationship. SK Hynix Inc., a supplier to both Huawei and U.S. companies, stayed buoyant.On the flipside, Huawei’s limited supply of imported chips that had helped boost China’s domestic producers amid Trump’s blacklist may be negatively impacted. Watch Unigroup Guoxin, Ingenic Semiconductor, Wuhan P&S Information Technology, Hangzhou Silan Microelectronics and Konfoong Material.“The most fragile part of the tech sector in our view remains semiconductor names, due to the uncertainty surrounding Huawei and the entity list combined with persistent price decline in memory chips,” said Frank Benzimra, head of Asia equity strategy at Societe Generale SA.PC, Phone SuppliersTrump’s decision to hold off on an additional levies will be good for suppliers of personal computers and smartphones.“We expect the market to react positively as the next batch of tariffs impacting PCs and smartphones now will not be imposed,” Citigroup analyst Arthur Lai said in a June 30 report. Lai pointed to companies that are “fast and flexible enough to adapt to operating environment changes” like Taiwan’s Delta Electronics, Micro-Star International, Inventec and Wistron.Here are some other sectors to watch:China StocksChina investors can finally turn their focus elsewhere after the Trump-Xi meeting showed some progress on trade. Fund managers weren’t expecting much as the two leaders met Saturday at the Group of 20 summit in Japan. An agreement to resume negotiations will be welcomed by investors.Chinese video surveillance giants could rally -- Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co. -- after the U.S. and China agreed to resume negotiations. In May, the U.S. administration considered barring both companies from purchasing U.S. technology.The DMZ MeetTrump’s brief crossing of the North Korean border in the Demilitarized Zone and an agreement to restart stalled nuclear talks in a historic meeting with Kim Jong Un may also move defense-related stocks:South Korea’s so-called ‘‘peace stocks’’: Hyundai Rotem rose 5.9%, Hyundai Elevator climbed 8.5%, Namhae Chemical gained 3.7%, Hyundai Engineering climbed 2.6%, HDC Hyundai Development advanced 0.6%Japan: Ishikawa Seisakusho, Howa Machinery, Hosoya Pyro-Engineering, Mitsubishi Heavy IndustriesJapanWatch auto stocks as Japan and the U.S. agreed to speed up trade talks after Trump threatened to raise auto tariffs on Tokyo. The U.S. is Japan’s largest export market after China and its biggest car customer. Companies to keep an eye on include: Toyota Motor, Honda Motor, Nissan Motor, Isuzu, Hino and Subaru.As disputes over wording on climate change and trade became a focus at the G-20, a Japanese stock that could bear the brunt of any issues on this front is Hitachi Zosen. There are more than 370 waste-to-power plants operating in Japan, according to the environment ministry’s Kurisu. Japanese companies including Hitachi are producing and exporting the facilities.South KoreaPresident Moon Jae-in’s meeting with Trump on Sunday could also give Korea’s stocks a jolt Monday:Auto stocks and their suppliers: Kia Motors, Hyundai Motor, SL Corp., Hyundai Wia, Mando Corp and Hankook TireKorean steel: PoscoSoutheast AsiaVietnam’s recent fame as a big winner of the U.S.-China trade war, putting itself in Trump’s crosshairs, may lead to some moves in the nation’s stock market: Kinh Bac City, Gemadept, Thanh Cong Textile, Vietnam National Textile & Garment Group, FPT Corp., Mobile World.SkepticismWith no real trade deal in place, some aren’t convinced the relief rally expected on Monday will last.“The reprieve may be short-lived and there is still no guarantee that a deal can be reached or even that any deal would completely address all of the differences that have driven investor anxieties, particularly when it comes to technology and the enforcement of a possible deal,” JPMorgan’s Craig said.(Updates throughout with Monday's market moves.)\--With assistance from Naoto Hosoda, Kurt Schussler, Min Jeong Lee, Nguyen Kieu Giang and Cormac Mullen.To contact Bloomberg News staff for this story: Jackie Edwards in Sydney at jedwards160@bloomberg.net;Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.net;Amanda Wang in Shanghai at twang234@bloomberg.net;Heejin Kim in Seoul at hkim579@bloomberg.netTo contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire21 days ago

    Hitachi Named a Visionary in the 2019 Gartner Magic Quadrant for Industrial IoT Platforms for the Second Year

    Hitachi, Ltd. (TSE:6501) and Hitachi Vantara today announced that Hitachi has once again been positioned in the Visionaries quadrant of the 2019 Gartner Magic Quadrant for Industrial IoT Platforms1 based on Gartner Inc.'s evaluation of the company and its Lumada IoT software. "Industrial IoT is making significant impacts across an array of industries that rely on the effective use of data, including manufacturing, transportation, energy and utilities, and smart spaces," said Brad Surak, chief product and strategy officer at Hitachi Vantara.

  • PR Newswirelast month

    KPS Capital Partners to Sell Chassis Brakes International to Hitachi Automotive Systems

    NEW YORK , June 19, 2019 /PRNewswire/ -- KPS Capital Partners ("KPS") announced today that it has signed a put option agreement to sell its portfolio company Chassis Brakes International Group ...

  • Reuterslast month

    Nikkei rises, investors focused on U.S. jobs report

    Japan's Nikkei rose on Friday as reports that Washington is considering a delay in tariffs on Mexican imports eased wider concerns about weakening global trade. Investor sentiment recovered slightly after Mexican and U.S. officials held a second day of talks on trade and migration on Thursday, amid reports President Donald Trump might delay the imposition of tariffs that are due on Monday. On a trade front, we still don't know the outcome for the U.S.-Mexican tariff deal, but positive reports support the mood," said Isao Kubo, equity strategist at Nissay Asset Management.

  • Reuterslast month

    Nikkei rises as Mexican tariff fears abate, exporters up

    Japan's Nikkei rose on Friday morning, tracking U.S. gains as news Washington is considering a delay in tariffs on Mexican imports eased wider concerns about global trade. Investor sentiment recovered slightly after Mexican and U.S. officials held a second day of talks on trade and migration on Thursday, amid reports President Donald Trump might delay the imposition of tariffs that was due on Monday. Cyclical stocks, such as those in chip-related sectors, were in demand, with Advantest Corp up 4.7% and Tokyo Electron rising 2.8%.

  • GlobeNewswire2 months ago

    Hitachi and Virtusa Partner to Advance AI in Financial Services

    SOUTHBOROUGH, Mass., June 03, 2019 -- Hitachi, Ltd. (TSE: 6501, Hitachi) and Virtusa Corporation (NASDAQ GS: VRTU) a global provider of digital strategy, digital engineering,.

  • Global private equity firms to bid for Hitachi's chemical unit: sources
    Reuters2 months ago

    Global private equity firms to bid for Hitachi's chemical unit: sources

    HONGKONG/FRANKFURT/TOKYO (Reuters) - Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd's chemical unit, three people familiar with the situation told Reuters. Hitachi plans to sell its majority stake in Hitachi Chemical and the process could start as early as this month, Reuters has reported. The three private equity firms declined to comment.

  • GlobeNewswire2 months ago

    Hitachi Vantara Introduces Lumada Video Insights as Video, IoT Analytics and DataOps Drive Smart Spaces Growth and Innovation

    SANTA CLARA, Calif., May 14, 2019 -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today introduced Lumada Video Insights, an end-to-end, intelligent.

  • Reuters2 months ago

    BRIEF-Jiangsu Etern Unit's Consortium With Japan's Hitachi Signs Bangladesh Contract

    May 5 (Reuters) - Jiangsu Etern Co Ltd: * SAYS ITS UNIT'S CONSORTIUM WITH JAPAN'S HITACHI LTD SIGNS CONTRACT WORTH ABOUT 425.3 MILLION YUAN ($63.16 million) FOR POWER STATION PROJECT IN BANGLADESH Source ...

  • GlobeNewswire3 months ago

    Hitachi Vantara Appoints Catriona Fallon as Chief Financial Officer

    SANTA CLARA, Calif., May 03, 2019 -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced it has appointed Catriona Fallon as chief.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of 6501.T earnings conference call or presentation 26-Apr-19 7:45am GMT

    Full Year 2019 Hitachi Ltd Earnings Presentation

  • Reuters3 months ago

    Japan's Hitachi plans to sell chemical unit, sources say

    Japan's Hitachi Ltd plans to sell its majority stake in Hitachi Chemical, two sources with direct knowledge of the matter told Reuters, in what would mark the latest deal by the sprawling conglomerate to streamline its businesses. Hitachi, Japan's largest manufacturer by revenue apart from automakers, has been reorganising its structure in recent years, selling non-core assets while investing in energy and other businesses where it sees opportunities.

  • GlobeNewswire3 months ago

    Hitachi Vantara Delivers New and Enhanced as-a-Service Offerings for Data Protection and Storage

    SANTA CLARA, Calif., April 24, 2019 -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today introduced new Data Protection-as-a-Service from Hitachi.

  • PR Newswire3 months ago

    Crestview Partners Sells JR Automation to Hitachi for $1.425 Billion

    HOLLAND, Mich., April 23, 2019 /PRNewswire/ -- Crestview Partners ("Crestview") and Hitachi, Ltd. ("Hitachi") today announced that they have entered into a definitive agreement for Hitachi to acquire JR Automation Technologies, LLC ("JR") for $1.425 billion. JR is a leading provider of intelligent automated manufacturing and distribution technology solutions headquartered in Holland, Michigan. JR designs, builds, and programs custom advanced automation solutions for customers to help solve their key operational and productivity challenges.

  • ABB CEO steps down abruptly in middle of group's overhaul
    Reuters3 months ago

    ABB CEO steps down abruptly in middle of group's overhaul

    ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation. Spiesshofer's abrupt exit follows the launch of the biggest overhaul in ABB's 31-year history to reposition the company more towards digital industries and agreeing to activist shareholder demands to sell its power grids business. Time ran out for Spiesshofer, who has led ABB since September 2013, following a conference call between board members on Tuesday evening.

  • GlobeNewswire3 months ago

    Hitachi Vantara Unveils State-of-the-Art Global Headquarters, Welcomes New Executive Leaders

    SANTA CLARA, Calif., April 12, 2019 -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced its brand-new, state-of-the-art global.

  • Reuters3 months ago

    U.S. test nuclear reactor may run up to 40 pct over cost -document

    The flagship of the Trump administration's advanced nuclear power research program could cost up to 40 percent more than a government official estimated earlier this year, a U.S. Department of Energy document shows. Energy Secretary Rick Perry has tried to breathe life into the country's nuclear power industry, which is suffering in the face of competition from plants burning cheap natural gas as well as falling costs for wind and solar power. Perry announced the versatile test reactor, or VTR, in late February, saying it was a "key step to implementing President (Donald) Trump's direction to revitalize and expand the U.S. nuclear industry," and critical for national security.