Business Restructuring to Focus on the Social Innovation Business
First written in FY2016. 28 of 34 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-06-18.
17 other companies' latest entry also says "Advanced".
- 2026-06-18AdvancedGeneral Meetings of Shareholders
「In addition, we steadily implemented portfolio reforms toward achieving Inspire 2027 by deciding to transfer part of the shares in Hitachi Construction Machinery Co.,Ltd. and Astemo, undertaking a capital reorganization of Hitachi Channel Solutions, which operates the ATM and other businesses, and deciding in April of this year to reorganize the capital structure of the home appliances business of Hitachi Global Life Solutions.」
Specified capital reorganizations involving Hitachi Construction Machinery, Astemo, Hitachi Channel Solutions and the home appliances business as portfolio reforms. - FY2026-H1AchievedAnnual report
「Subsequently, on 1 August 2025, Hitachi GLS transferred all of its JCH shares to Bosch. The consideration was US$1,462 million (¥211,212 million), and the gain of ¥91,764 million recognized on the sale of the JCH shares has been recorded as other income in the condensed interim consolidated income statement for the current interim consolidated accounting period.」
The sale of the entire 40% stake in JCH, the air-conditioning business joint venture, was completed, and JCH ceased to be an equity-method affiliate of the Company. - FY2025Updated the terms of the sale of the JCH air-conditioning joint ventureAnnual report
「Hitachi Global Life Solutions will transfer all of its 40% stake in JCH to Bosch, and JCH is scheduled to cease to be an equity-method affiliate of the Company after completion of the share transfer. The share transfer is scheduled to be completed in the second quarter of fiscal 2025 (from 1 July 2025 to 30 September 2025).」
The sale of the entire 40% stake in JCH, the air-conditioning business joint venture, and completion in the second quarter of fiscal 2025 were specified as steps toward JCH ceasing to be an equity-method affiliate. - FY2025-H1AdvancedAnnual report
「Hitachi Global Life Solutions will transfer all of its 40% stake in JCH to Bosch, and JCH is scheduled to cease to be an equity-method affiliate of the Company after completion of the share transfer. The share transfer is scheduled to be completed in the first quarter of fiscal 2025 (from 1 April 2025 to 30 June 2025). The sale consideration is US$1.4 billion (approximately ¥195.0 billion), and the Company expects to record the approximately ¥125.0 billion gain recognized in connection with the sale of the JCH shares as other income in the consolidated income statement for the fiscal year in which the sale is completed.」
The restructuring of the business through the sale of all of the 40% stake in JCH was given concrete form, with completion scheduled for the first quarter of fiscal 2025, sale consideration of approximately ¥195.0 billion, and an expected gain on loss of control of approximately ¥125.0 billion. - FY2023AchievedAnnual report
「As a result of this transaction, our ownership interest in Hitachi Metals changed from 53.4% to 0%, and Hitachi Metals was excluded from our scope of consolidation.」
The sale of Hitachi Metals was completed on 5 January 2023, with the ownership interest changing from 53.4% to 0% and its exclusion from the scope of consolidation completed. The sale of all shares of Hitachi Transport System was also completed on 1 March 2023. - FY2023-Q3AdvancedAnnual report
「The tender offeror commenced the tender offer on 28 October 2022, and the tender offer was successful on 29 November 2022. The Company's sale consideration was expected to be approximately ¥222.0 billion.」
The tender offer for the sale of all shares of Hitachi Transport System was completed, and the transactions toward completion of the sale progressed. As of the filing date, the sale consideration and recognition of the gain remained at the planning stage. - FY2023-Q3AchievedAnnual report
「As a result of the successful tender offer, the related transactions, including the above-mentioned share consolidation, were carried out, and the sale was completed on 5 January 2023. The Company's sale consideration was ¥382,042 million. As a result of the transaction, the Company's ownership interest in 日立金属 decreased from 53.4% to 0%, and 日立金属 was excluded from the Company's scope of consolidation.」
The sale of Hitachi Metals, as part of the restructuring of the business portfolio, was completed on 5 January 2023, and Hitachi Metals was excluded from the scope of consolidation. - FY2023-Q2AdvancedAnnual report
「The tender offeror commenced the tender offer on 27 September 2022, and the tender offer was completed on 25 October 2022. As a result, the related transactions, including the share consolidation described above, are scheduled to take place. The consideration for the sale of our shares is expected to be approximately ¥382.0 billion. Once all related transactions have been completed and the shares scheduled for sale have been sold, our ownership interest in Hitachi Metals is expected to change from 53.4% to 0%, and Hitachi Metals is scheduled to be excluded from our scope of consolidation.」
The tender offer for Hitachi Metals was completed on 25 October 2022, and the process has moved to the stage preceding the remaining related transactions, including the share consolidation. The sale consideration is approximately ¥382.0 billion, the ownership interest after the sale is expected to change from 53.4% to 0%, and the expected gain on loss of control was updated to approximately ¥96.0 billion. - FY2023-Q1Updated expected gain on the sale of 日立金属Annual report
「The Company plans to recognize a gain of approximately ¥104.0 billion arising from the loss of control of Hitachi Metals as other income in the consolidated income statement for the current consolidated fiscal year.」
The expected gain on loss of control from the sale of Hitachi Metals was updated to approximately ¥104.0 billion. - FY2023-Q1AdvancedAnnual report
「On 28 April 2022, the Company entered into a basic agreement with HTSK株式会社 (the tender offeror), a wholly owned subsidiary of HTSKホールディングス株式会社 (the parent company of the tender offeror), whose issued shares are wholly owned by HTSK Investment L.P., indirectly held and managed by Kohlberg Kravis Roberts & Co. L.P., concerning the common shares of 日立物流, an equity-method affiliate of the Company, and covering the following three matters, among others, with the series of transactions stipulated in the basic agreement collectively referred to as the transaction.」
As part of the business portfolio restructuring, an agreement in principle was signed to sell all of the shares in Hitachi Logistics. The sale consideration is expected to be approximately ¥222.0 billion, and Hitachi Logistics is expected to cease to be an equity-method affiliate following the sale. - FY2022AdvancedAnnual report
「Meanwhile, the decision to transfer part of the 日立建機 shares will eliminate all parent-subsidiary listing relationships within the Hitachi Group.」
An agreement was signed to transfer shares in Hitachi Construction Machinery, reducing the Company's interest from 51.4% to 25.4% and advancing the restructuring of the listed subsidiary. - FY2022-Q3AdvancedAnnual report
「On 14 January 2022, the Company entered into an agreement with HCJIホールディングス合同会社, a special-purpose company to be jointly funded by HCJホールディングス２合同会社, a special-purpose company wholly owned by a fund managed, operated and supplied with information by 日本産業パートナーズ㈱, and シトラスインベストメント合同会社, a special-purpose company wholly owned by ITOCHU Corporation, to transfer part of its holdings of common shares in 日立建機, a subsidiary belonging to the Construction Machinery segment. The sale consideration is expected to be approximately ¥182.4 billion. After the transfer of shares, the Company's ownership interest in 日立建機 is expected to decrease from 51.4% to 25.4%, and 日立建機 is expected to become an equity-method affiliate of the Company.」
An agreement was signed for the partial transfer of shares in Hitachi Construction Machinery, putting into concrete form the business portfolio restructuring under which it would transition from a consolidated subsidiary to an equity-method affiliate. - FY2022-Q1AdvancedAnnual report
「If the sale of the shares to be sold by the Company is completed in this transaction, the Company's ownership interest in 日立金属 is expected to decrease from 53.4% to 0%, and 日立金属 is expected to be excluded from the Company's scope of consolidation.」
An agreement was signed for the sale of Hitachi Metals, with the restructuring of the listed subsidiary and its removal from the scope of consolidation planned. - FY2021AdvancedAnnual report
「Following completion of the absorption-type company split of the diagnostic imaging business into Fujifilm Healthcare Co., Ltd., established by the Company, as the successor company, all shares of Fujifilm Healthcare were transferred to Fujifilm on 31 March 2021. The sale consideration was ¥185,349 million.」
The absorption-type company split of the diagnostic imaging business and the transfer of all shares to Fujifilm were completed on 31 March 2021, and sale consideration of ¥185,349 million was disclosed. - FY2021-Q3AdvancedAnnual report
「日立GLS plans to establish a new company, transfer its white goods business outside Japan to that company with a target of spring 2021, and transfer 60% of the new company's shares to Arçelik. The sale consideration is expected to be approximately US$300 million (approximately ¥31.5 billion). After the transfer of shares, 日立GLS's ownership interest in the new company is expected to decrease from 100% to 40%, and the new company is expected to become an equity-method affiliate of the Company.」
A new business restructuring plan was put into concrete form for the overseas white goods business, involving its transfer to a joint venture with Arçelik and a reduction of the Company's ownership interest to 40%. - FY2021-Q3AdvancedAnnual report
「Under the agreement, on 1 January 2021, 日立AMS and Honda-related companies carried out an absorption-type merger in which 日立AMS was the surviving company and each Honda-related company was an absorbed company, establishing 日立Astemo㈱ (日立Astemo). After the merger, the Company's ownership interest in 日立Astemo was 66.6%, and 日立Astemo became a consolidated subsidiary of the Company.」
As part of the restructuring of the automotive systems business, the absorption-type merger of Hitachi AMS and a Honda-affiliated company was completed, and Hitachi Astemo was launched as a consolidated subsidiary. - FY2021-Q2AdvancedAnnual report
「On 1 September 2020, the Company transferred all of its MHPS shares, classified as assets held for sale and valued at ¥263,614 million, to Mitsubishi Heavy Industries, and MHPS ceased to be an affiliated company of the Company. Accordingly, the other provision of ¥273,272 million related to the transfer of the MHPS shares, which had been included in other current liabilities in the condensed quarterly consolidated statement of financial position, was reversed. On 14 September 2020, the Company and Mitsubishi Heavy Industries received a decision from JCAA terminating the arbitration proceedings.」
The transfer of the MHPS shares relating to the South Africa project and the termination of the arbitration proceedings brought the business restructuring to the completion stage. - FY2021-Q1AdvancedAnnual report
「Hitachi High-Tech Co., Ltd. became a wholly owned subsidiary of the Company on 20 May 2020. Accordingly, the Hitachi High-Tech segment was discontinued, and Hitachi High-Tech Co., Ltd. and its businesses were integrated into the Life segment. Hitachi Chemical Co., Ltd. ceased to be an affiliated company of the Company through a share transfer on 20 April 2020, and its businesses also ceased to be part of the Group's businesses. Accordingly, the Hitachi Chemical segment was discontinued.」
Through the acquisition and sale of listed subsidiaries, Hitachi High-Tech was integrated into the Life segment and the Hitachi Chemical segment was discontinued. - FY2020AdvancedAnnual report
「In addition to advancing the restructuring of listed subsidiaries, including making ㈱日立ハイテク, which has strengths in measurement and analytical technologies, a wholly owned subsidiary and selling 日立化成㈱, the Company promoted a strategy of selective concentration toward building Hitachi's optimal business portfolio, including by deciding to sell the imaging-related business in its Healthcare business.」
The Company advanced restructuring focused on the Social Innovation Business by combining the acquisition and sale of listed subsidiaries with the transfer of the diagnostic imaging business. - FY2020-Q3AdvancedAnnual report
「If the tender offer is successful, the Company's ownership interest in Hitachi Chemical will change from 51.4% to 0%, and Hitachi Chemical is expected to be removed from the scope of consolidation.」
An agreement was signed to tender all of the Company's shares in Hitachi Chemical, and Hitachi Chemical is expected to be removed from the scope of consolidation upon completion. - FY2020-Q3AdvancedAnnual report
「Following the share transfer, the Company's ownership interest in the new company will change from 100% to 0%, and the new company is expected to be removed from the scope of consolidation.」
The Company decided on a plan to transfer the diagnostic imaging business to a new company, transfer it to Fujifilm on 1 July 2020, and remove it from the scope of consolidation. - FY2020-Q3AdvancedAnnual report
「A loss of ¥375,967 million arising from this settlement was recognized and included in other expenses in the condensed quarterly consolidated income statement for the nine months ended 31 December.」
As part of the restructuring of the energy business related to the focus on the Social Innovation Business, a loss of ¥375,967 million arising from the settlement of the South Africa project was recognized, and the MHPS shares were transferred to Mitsubishi Heavy Industries. - FY2020-Q1AdvancedAnnual report
「Gain on business restructuring and other activities from the partial sale of shares in Agility Trains West (Holdings) Limited in the railway systems business」
The partial sale of shares in Agility Trains West in the Rail Systems business advanced the business restructuring associated with the focus on the Social Innovation Business. - FY2019AdvancedAnnual report
「As a result of the tender offer, the Company's ownership interest in Clarion changed from 63.8% to 0%, and Clarion was removed from the scope of consolidation.」
All of the shares of Clarion were sold as part of the business portfolio restructuring, and Clarion was removed from the scope of consolidation. - FY2019-Q2AdvancedAnnual report
「On 26 October 2018, the Company entered into a tender offer agreement with Faurecia S.A. and its subsidiary Hennape Six SAS (Hennape), under which the Company would tender all of its common shares in Clarion, a subsidiary belonging to the Automotive Systems segment, into the tender offer to be made by Hennape.」
As part of the business portfolio restructuring, an agreement was signed to sell all of the shares of Clarion. Clarion is expected to be removed from the scope of consolidation upon completion of the tender offer. - FY2018AdvancedAnnual report
「As a result of the successful tender offer, the related transactions, including the above-mentioned share consolidation, were carried out, and all such transactions were completed on 4 June 2018. As a result, the Company's ownership interest in 日立国際電気 decreased from 51.7% to 20.0%, and 日立国際電気 became an equity-method affiliate of the Company.」
The series of transactions relating to the restructuring of Hitachi Kokusai Electric to focus on the Social Innovation Business, including a share consolidation following the tender offer, was completed. - FY2018-Q3AdvancedAnnual report
「Under the amendment memorandum, HKE commenced the tender offer on 12 October 2017, and the tender offer was successful on 8 December 2017. As a result of the successful tender offer, the above-mentioned related transactions, including a share consolidation, were expected to be carried out. Once all related transactions were completed, the Company's ownership interest in 日立国際電気 would decrease from 51.7% to 20.0%, and 日立国際電気 would become an equity-method affiliate of the Company.」
The business restructuring involving the separation of Hitachi Kokusai Electric's thin-film deposition process solutions business and a reduction in the Company's ownership interest progressed following the successful tender offer. The related transactions had not yet been completed. - FY2018-Q2AdvancedAnnual report
「An amendment memorandum to the basic agreement was signed on 11 October 2017. Under the amendment memorandum, HKE commenced the tender offer on 12 October 2017, but it had not been completed as of the approval date of these condensed quarterly consolidated financial statements. If the tender offer was successful and all related transactions were completed, the Company's ownership interest in 日立国際電気 would decrease from 51.7% to 20.0%, and 日立国際電気 would become an equity-method affiliate of the Company.」
The restructuring involving the separation and sale of Hitachi Kokusai Electric's thin-film deposition process solutions business progressed through the execution of an amendment memorandum and the commencement of a tender offer. - FY2018-Q1AdvancedAnnual report
「A basic agreement was signed on 26 April 2017. As a result, the Company's ownership interest in 日立国際電気 decreased from 51.7% to 20.0%, and 日立国際電気 was expected to become an equity-method affiliate of the Company.」
An agreement in principle was signed for the business restructuring of Hitachi Kokusai Electric, combining an absorption-type company split of its thin-film deposition process solutions business with a share transfer. - FY2017AdvancedAnnual report
「The share transfer was completed on 29 March 2017. As a result, the Company's ownership interest in Hitachi Koki changed from 51.2% to 0%, and Hitachi Koki was removed from the scope of consolidation.」
Following Hitachi Logistics and Hitachi Capital, Hitachi Koki was also removed from the scope of consolidation, advancing the business restructuring associated with the focus on the Social Innovation Business. - FY2017-Q3AdvancedAnnual report
「On 13 January 2017, the Company and its subsidiary ㈱日立アーバンインベストメント entered into a tender offer agreement with HKホールディングス㈱, a special-purpose company wholly owned by an affiliated investment fund of Kohlberg Kravis Roberts & Co. L.P., under which the Company and ㈱日立アーバンインベストメント would tender all of their common shares in 日立工機㈱ (日立工機), a subsidiary belonging to the Electronic Equipment and Systems segment, into the tender offer to be made by HKホールディングス㈱ for the common shares of 日立工機 and the stock acquisition rights issued pursuant to a resolution of the 日立工機 board of directors dated 28 July 2015. The tender offer period was scheduled to run from 30 January 2017 to 22 March 2017. If the tender offer was successful, 日立工機 was expected to be excluded from the Company's scope of consolidation.」
As a specific measure in the business restructuring, including the focus on the Social Innovation Business, an agreement was signed to sell Hitachi Koki, and Hitachi Koki is expected to be removed from the scope of consolidation upon completion. - FY2017-Q2AdvancedAnnual report
「For the purpose of strengthening its financial functions and accelerating the concentration of management resources on the Social Innovation Business, among other objectives, the Company entered into an agreement on 13 May 2016 with ㈱三菱UFJフィナンシャル・グループ and 三菱UFJリース㈱ to transfer part of its holdings of common shares in its subsidiary 日立キャピタル㈱ (日立キャピタル), which belongs to the Financial Services segment. The transfer of shares under the agreement was completed on 3 October 2016. As a result, the Company's voting interest in 日立キャピタル decreased from 60.6% to 33.4%, and 日立キャピタル became an equity-method affiliate of the Company.」
As part of the business restructuring, the transition of Hitachi Capital from a consolidated subsidiary to an equity-method affiliate was completed. - FY2017-Q1AdvancedAnnual report
「As a result, the Company's voting rights in Hitachi Logistics changed from 59.02% to 30.01%, and Hitachi Logistics became an equity-method affiliate of the Company.」
As part of the business restructuring aimed at concentrating management resources on the Social Innovation Business, the transition of Hitachi Logistics from a consolidated subsidiary to an equity-method affiliate was completed. - FY2016First statedAnnual report
「The Group is continuously pursuing business restructuring to promote the focused allocation of management resources to the Social Innovation Business.」
The Group is restructuring its assets and interests in subsidiaries, including the partial transfer of shares in Hitachi Logistics, the planned transfer of shares in Hitachi Capital, and the restructuring of the air-conditioning business.