|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||55.48 - 58.14|
|52 Week Range||45.97 - 86.87|
|Beta (5Y Monthly)||1.57|
|PE Ratio (TTM)||7.46|
|Forward Dividend & Yield||1.64 (2.86%)|
|Ex-Dividend Date||Sep 26, 2019|
|1y Target Est||112.86|
On Saturday, March 21, General Motors (GM), approached Esys Automation, a JR Automation company, to help produce face masks to combat the COVID-19 outbreak. The project was aggressive, building an entire mask assembly line capable of producing 50,000 masks a day, and GM needed the equipment running in less than one week.
Moody's Japan K.K. has downgraded Panasonic Corporation's issuer and senior unsecured ratings to Baa1 from A3. "The downgrade of Panasonic's ratings reflects our expectation that the company will not be able to improve its profitability to levels in line with those of similarly rated global peers over the next 1-2 years, given continued weakness in its operating performance and slow progress in turning around its business," says Masako Kuwahara, a Moody's Vice President and Senior Analyst.
Hitachi Ltd said on Friday it would spend 531.1 billion yen ($4.84 billion) to take full control of listed industrial equipment unit Hitachi High-Technologies through a tender offer. Hitachi will offer 8,000 yen a share for the firm, in which it now owns a stake of 51.73%. Shares of Hitachi High-Technologies closed at 7,920 yen on Friday before the news.
LONDON/MONTREAL/PARIS (Reuters) - Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters. It has been reviewing several rail merger scenarios in recent months which also involved a possible deal with Germany's Siemens and a Chinese counterpart, but these options failed to gain traction, one of the sources said. It remains in active talks with Alstom, one of its closest rivals in Europe, while also looking at Hitachi as another merger option, the sources said, requesting anonymity as the matter is confidential.
Hitachi, Ltd. (TSE: 6501, "Hitachi") and JR Automation Technologies, LLC (CEO: Bryan Jones, "JR Automation") today announced that Hitachi has completed the acquisition of the robotic SI business mainly operated by JR Automation from funds managed by Crestview Partners ("Crestview"). The agreement to acquire JR Automation was announced on April 23, 2019 (EST) and the companies are pleased to have brought this deal to a successful conclusion.
Moody's Japan K.K. says that Hitachi, Ltd.'s (A3 stable) divestment of two non-core businesses, as well as the settlement on a longstanding dispute, are credit positive. "These events are credit positive for Hitachi, as they will generate over JPY400 billion in cash proceeds and help sharpen its strategic focus," says Akifumi Fukushi, a Moody's Vice President and Senior Analyst. On 18 December, Hitachi announced it will sell its diagnostic imaging-related business to FUJIFILM Holdings Corporation (Fujifilm, A2 stable) for JPY179 billion.
Moody's Japan K.K. says that FUJIFILM Holdings Corporation (FUJIFILM)'s A2 issuer rating and stable outlook are not affected by the company's announcement on 18 December that it will acquire Hitachi, Ltd.'s (A3 stable) diagnostic imaging business for JPY179 billion. FUJIFILM expects to close the acquisition in July 2020 after clearing regulatory approvals. "This cash-financed acquisition will have little impact on FUJIFILM's financial profile, while enhancing its strategic position in the medical imaging business," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer.
Japan's Hitachi Ltd said on Wednesday it would sell its listed chemicals unit and diagnostic imaging business in a deal totalling 673 billion yen ($6.2 billion), as the Japanese industrial conglomerate overhauls its business portfolio. Hitachi will sell its 51% stake in Hitachi Chemical for 494 billion yen to Showa Denko. Hitachi Chemical is a supplier of materials for semiconductors, displays and lithium-ion batteries.
Fujifilm Holdings Corp said on Tuesday it is considering buying Hitachi Ltd's diagnostic imaging business, as the Japanese photocopier and camera manufacturer aims to build up its medical business. Fujifilm has been expanding into healthcare, having recently bought a drugmaking business from U.S.-based Biogen Inc and two biotechnology units from compatriot JXTG Holdings Inc , as growth at its legacy photocopy business stagnates. Hitachi has been reorganising its business, selling non-core assets while buying foreign businesses to expand digital businesses.
Hitachi Ltd unit Hitachi Automotive Systems and three Honda Motor Co-affiliated suppliers are considering a merger to create Japan's third-biggest auto-parts supplier by sales, four of the companies involved said on Wednesday. The move comes as carmakers struggle to adapt to technological change including the rise of electric vehicles and self-driving systems. Hitachi would be the majority shareholder in the new company, under which Hitachi Automotive Systems would be merged with Keihin Corp , Showa Corp and Nissin Kogyo Co , the Yomiuri newspaper reported earlier on Wednesday.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hitachi Construction Machinery Co., Ltd. Tokyo, October 26, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hitachi Construction Machinery Co., Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Japan's Hitachi Ltd has narrowed suitors for its $6.8 billion chemical unit to a handful of companies including Bain Capital, Japan Industrial Partners and Nitto Denko Corp, four people with knowledge of the deal said. Shortlisted bidders for Hitachi Chemical Co also include U.S. private equity fund Carlyle Group L.P., three of the people said. Bain, the U.S. buyout fund, is teaming up with Tokyo-based private equity firm Japan Industrial Partners, the three said.
DALLAS , Oct. 9, 2019 /PRNewswire/ -- Only 10 percent of companies with a formal digital strategy put that strategy into action , but Hitachi Consulting Corporation , a subsidiary of Hitachi, Ltd. (TSE: ...
Rating Action: Moody's affirms Hitachi Capital's Prime-2 ratings. Global Credit Research- 01 Oct 2019. Tokyo, October 01, 2019-- Moody's Japan K.K. has affirmed the commercial paper ratings of Prime-2 ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hitachi Capital Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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