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Tokyo, April 27, 2012 --- Hitachi, Ltd. (TSE:6501) today announced that the delisting of its American Depositary Shares, or ADSs, from the New York Stock Exchange, or the NYSE, became effective prior to the opening of trading on April 27, 2012 (Eastern Standard Time in the U.S.), following the submission on April 16, 2012 of a Form 25 for delisting from the NYSE as announced on April 5, 2012.
April 27, 2012 (Fri.) (Eastern Standard Time in the U.S.)
Hitachi continues to maintain its American Depositary Receipt program in the United States. Its ADSs can be traded on the U.S. over-the-counter market from the opening of trading on April 27, 2012 (Eastern Standard Time in the U.S.).
Concurrently with the delisting from the NYSE, on April 27, 2012, Hitachi submitted a Form 15F to the U.S. Securities and Exchange Commission, or the SEC to terminate Hitachi’s registration and reporting obligations under the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the rules promulgated thereunder. Hitachi anticipates that its registration and reporting obligations under the Exchange Act will terminate on July 26, 2012, 90 days after the submission of Form 15F.
Hitachi will continue to disclose financial statements, annual reports and other material documents in English on its website and hold various meetings to brief shareholders and investors in Japan and overseas on its business strategies to ensure that such shareholders and investors will continue to have appropriate information about Hitachi, irrespective of the delisting from the NYSE. Hitachi will also continue to prepare its consolidated financial statements in accordance with generally accepted accounting principles in the United States.
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Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Hitachi America, Ltd.