Hitachi, Ltd. announced that it will recognize the gain on the sale of its shares in Hitachi Construction Machinery Co., Ltd. as an extraordinary gain in its standalone financial results for the fiscal year ending March 2027. The stock rebounded for the first time in four trading sessions.
Hitachi, Ltd. decided to sell its holdings in Hitachi Construction Machinery Co., Ltd. and announced plans to recognize the gain on the sale as an extraordinary gain.
The gain on sale is ¥179.9 billion and will be reflected in the standalone financial results for the fiscal year ending March 2027.
The recognition is an action aimed at reducing cross-shareholdings, based on the company’s policy concerning strategic shareholdings.
According to the announcement, the sale will have no impact on consolidated results.