Hitachi Ltd. Cuts Stake in Hitachi Construction Machinery (6305) to 0% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that Hitachi Ltd. has reduced its stake in Hitachi Construction Machinery (6305) to 0%. Japan's leading diversified electrical machinery manufacturer has completely divested from the construction and mining machinery maker. The estimated sale proceeds reached ¥127.49 billion, representing the withdrawal of a major shareholder from a substantial portion of the company's market capitalization.

Hitachi Ltd.'s disclosures regarding this stock mark the third such filing, with an initial holding ratio of 18.16% reported in November 2025. Over approximately nine months, the company executed a phased reduction from 18.16 percentage points to complete exit, with this change report marking the final stage of a large-scale divestment program.

Examining Hitachi Ltd.'s current shareholdings above the 5% threshold reveals that Shokoh Electric Manufacturing (6653), an electrical machinery manufacturer, represents just 3.99% of its portfolio, falling below the reporting threshold. The company's engagement with Hitachi Construction Machinery, a machinery manufacturer, appears relatively modest compared to its involvement with electrical equipment makers.

In the broader shareholder composition, Citrus Investment LLC holds 7.32%, positioning itself as a leading major shareholder following Hitachi Ltd.'s complete exit. Before the divestment, Hitachi Ltd. dominated as the overwhelmingly largest institutional holder, but its withdrawal now drives greater shareholder diversification.

Hitachi Construction Machinery's share price stood at ¥6,005 at the disclosure date, with a PER of 17.5x and PBR of 1.42x. Within the 52-week trading range, the stock sits at 66% from the low, maintaining a relatively robust level.

*Speculation: Hitachi Ltd., as a diversified electrical machinery conglomerate, may have systematically reassessed its capital allocation priorities, progressively reducing exposure to the construction machinery sector, with the complete divestment signaling the conclusive realization of this strategic pivot.