Tokyo, Japan, March 30, 2016 --- Hitachi, Ltd. (TSE:6501; “Hitachi”) today announced that it has concluded an agreement regarding the transfer of common stocks of Hitachi Transport System, Ltd. (President and CEO: Yasuo Nakatani, “HTS”), a consolidated subsidiary of Hitachi. Based on this agreement, a part of shares of HTS common stocks owned by Hitachi will be transferred to SG Holdings Co., Ltd. (President and COO: Tadashi Machida; “SG Holdings”).
As a result of this transfer of shares, Hitachi’s ownership ratio of voting rights will be 30%, and HTS will change from Hitachi’s consolidated subsidiary to its associate accounted for using the equity-method.
