Contacts: Japan: Masataka Morita U.K.: Yoshimasa Doi Hitachi, Ltd.
Hitachi Europe Ltd.
+81-3-5208-9324 +44-1628-585-384 masataka.morita.xk@hitachi.com yoshimasa.doi@hitachi-eu.com Hitachi Announces Position and Policy on Decreasing the Investment Unit Tokyo, May 12, 2017 --- Hitachi, Ltd. (TSE:6501) today announced its position and policy on decreasing investment unit on the stock exchanges in Japan as follows.
1. Position on Decreasing the Investment Unit Hitachi recognizes that decreasing the investment unit is one of the important means of promoting the participation of wide variety of investors in the stock market and therefore creating the stable and vibrant stock market.
2. Policy on Decreasing the Investment Unit Hitachi does not currently intend to lower the investment unit for the time being since Hitachi judges that its stock has high liquidity and is held by a wide range of investors.
Taking into consideration transitional period to 100-shares trading unit jointly announced by all domestic stock exchanges, Hitachi will continue to carefully consider actions related to decreasing the investment unit from the perspectives of liquidity of Hitachi shares, shareholder composition, and associated costs and benefits, etc.
About Hitachi, Ltd. Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges. The company’s consolidated revenues for fiscal 2016 (ended March 31, 2017) totaled 9,162.2 billion yen ($81.8 billion). The Hitachi Group is a global leader in the Social Innovation Business, and it has approximately 304,000 employees worldwide. Through collaborative creation, Hitachi is providing solutions to customers in a broad range of sectors, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com .
