Hitachi to Book 5.7-B.-Yen Special Profit From Share Sales
December 28, 2005
Tokyo, Dec. 28 (Jiji Press)–Hitachi Ltd. said Wednesday it will book a special profit of 5.7 billion yen on a group basis from the sale of shares in two units–Hitachi High-Technologies Corp. and Hitachi Systems & Services Ltd. .
The electronics giant sold five million Hitachi High- Technologies shares and three million Hitachi Systems & Services shares for a total of 18.6 billion yen in November.
The share sales lowered Hitachi’s equity stakes in Hitachi High- Technologies and Hitachi Systems & Services to 51.4 pct and 51.2 pct, respectively.
The share transfers do not affect Hitachi’s earnings estimates for fiscal 2005 ending next March, it said. [EARNINGS]END