Hitachi Construction Machinery to operate independently from Hitachi

Hitachi Construction Machinery (TSE:6305) announced on November 4, 2025, that Hitachi, Ltd. will cease to be classified as an "other affiliated company." This follows a partial transfer of Hitachi's shares in Hitachi Construction Machinery, which will reduce Hitachi's voting rights ownership to 18.4% from 25.4%. This change effectively means Hitachi Construction Machinery will no longer be an equity-method affiliate of Hitachi.

The decision stems from Hitachi Construction Machinery's pursuit of independent management and an expanded shareholder base. Despite this change, Hitachi Construction Machinery emphasizes that Hitachi will remain a crucial business partner, with ongoing collaboration in areas such as digital and autonomous driving technologies, electrification, and component supply.

Before the change, Hitachi held 54,062,310 shares, representing 25.4% of voting rights. Post-transfer, Hitachi will hold 39,062,310 shares, accounting for 18.4% of voting rights. Hitachi, Ltd. is headquartered in Tokyo, Japan. Hitachi Construction Machinery anticipates no impact on its financial performance from this reclassification.