Hitachi : held the 149th Annual General Meeting of Shareholders
June 21, 2018 at 03:03 am EDT
Share
Reporting Matter
Report on the Business Report, Financial Statements, and Consolidated Financial Statements for the 149th Business Term (from April 1, 2017 to March 31, 2018), and the results of the audit on the Consolidated Financial Statements by the Accounting Auditors and the Audit Committee
The above matter was reported.
Matter to be resolved
Item No.1 : Share Consolidation
This proposal is to consolidate every five Hitachi shares into one share and to decrease the total shares authorized to be issued by the Company from 10,000,000,000 shares to 2,000,000,000 shares on October 1, 2018.
Item No.2 : Election of 12 Directors due to expiration of the term of office of all Directors
These following persons were elected and assumed their offices forthwith.
Katsumi Ihara
Cynthia Carroll
Joe Harlan
George Buckley
Louise Pentland
Harufumi Mochizuki
Takatoshi Yamamoto
Hiroaki Yoshihara
Kazuyuki Tanaka
Hiroaki Nakanishi
Toyoaki Nakamura
Toshiaki Higashihara
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Hitachi Ltd. published this content on 21 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 June 2018 07:02:06 UTC
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).