TOKYO, Mar 23 (Pulse News Wire) – Hitachi,ltd. (6501.T) announced today that based on Article 178 of the Companies Act, it has decided to cancel its own shares.
The details are as follows: 1. Type of shares to be canceled: Ordinary shares. 2. Total number of shares to be canceled: 46,000,000 (representing 1.00% percent of the outstanding shares prior to cancellation).
3. Scheduled cancellation date: March 31, 2026. Following the cancellation, the total number of outstanding shares of the company will be reduced to 4,535,560,985. In addition, Hitachi highlighted several key risks associated with future forecasts and plans, including economic conditions and demand fluctuations in major markets, exchange rate movements, funding environment changes, stock price volatility, raw material shortages and price fluctuations, political and social situations in key markets such as Japan, Asia, the United States, and Europe, trade regulations, climate change policies, natural disasters, competitive pricing pressures, supply-demand imbalances, strategic acquisitions, restructuring measures, legal proceedings, intellectual property protection, and pension liability estimates.
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