Tokyo, February 8, 2017 --- Hitachi, Ltd. commented on the captioned matter as follows.
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Tokyo, February 7, 2017 --- Hitachi Automotive Systems, Ltd., and Honda Motor Co., Ltd., today announced the signing of a Memorandum of Understanding ("MoU") on Feb. 3, aiming to establish a joint venture company for the development, manufacture and sales of motors for electric vehicles. The two companies now will conduct formal discussions regarding the establishment of the new company.
Tokyo, February 1, 2017 --- Hitachi, Ltd. today announced its consolidated financial results for the third quarter of fiscal 2016, ended December 31, 2016.
Tokyo, February 1, 2017 --- Hitachi, Ltd. today announced the following executive changes in accordance with a resolution passed by a meeting of the Board of Directors. The appointments take effect on April 1, 2017.
Tokyo, February 1, 2017 --- Hitachi, Ltd. today announced that it will strengthen business structure in order to achieve further growth through the global rollout of Social Innovation Business using digital technologies.
Milan, January 31st 2017 ---
- Order backlog at EUR 6,488.4 million, +1.2% y/y
- New Orders at EUR 1,475.8 million, +10.5% y/y
- Revenue of EUR 1,327.4 million, -4.1% y/y
- EBIT of EUR 126.8 million, -6.6% y/y. EBIT margin (ROS) at 9.6%, compared to 9.8% in 2015
- Net Result of EUR 77.9 million, -16.3% y/y, equivalent to 5.9% of revenues
- Net Financial Position (cash surplus) of EUR (338.0) million, in line with the 2015 amount of EUR (338.7) million
Genoa, 19 January 2017 --- The ordinary Shareholders’ Meeting of Ansaldo STS S.p.A., held today, in consideration of the resignation filed by KPMG S.p.A., has appointed Ernst & Young S.p.A. as external auditor of the Company for the financial years 2016 - 2024.
Tokyo, Japan, January 13, 2017 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that it has executed an agreement (the “Agreement”) with HK Holdings Co., Ltd. (Representative Director: William Janetschek; the “Offeror”), all of whose issued shares are owned by investment funds related to Kohlberg Kravis Roberts & Co. L.P. (Co-Chairman and Co-CEO: Henry R. Kravis, George R. Roberts; including affiliate companies and other related business entities, collectively referred to as “KKR”), regarding to a tender offer made by the Offeror (the “Tender Offer”).
Genoa,12th January 2017 ---- We hereby announce that today, in addition to the documents published on 4th January 2017, further to the request sent by the shareholders Elliott International L.P, The Liverpool Limited Partnership and Elliott Associates L.P. to the Company on 12th January 2017, the following legal opinions concerning the independence requisites of the director Mr.
Genoa, January 11th, 2017 --- On 28th December 2016, the “Saturno Consortium for the undertaking of High Technology Railway works for the Italian High Speed Railway System”, of which Ansaldo STS S.p.A is member, signed a contract with the General Contractor, the Consorzio Collegamenti Integrati Veloci (“COCIV”) for the production of the technological systems for the AV/AC Project (High Speed and High Capacity) of the “Terzo Valico dei Giovi” Milan – Genoa line.