BAKU, Azerbaijan, April 15. ITOCHU Company
has accomplished a collection of transactions to amass further shares
in Hitachi Building Equipment Co., Ltd., following the
obligatory regulatory approvals, the corporate stated, Development
experiences.
The deal, initially introduced on February 19, 2026, was executed
via a construction during which HCJI Holdings Ltd. acquired all shares
of HCJI beforehand held by HCJ Holdings. The latter had collectively
owned HCJI with Citrus Funding G.Okay. on an equal 50-50 foundation. HCJ
Holdings operates as a particular goal automobile backed by an
funding fund managed and suggested by Japan Industrial Companions,
Inc..
The overall acquisition value amounted to 134.08 billion yen.
Hitachi Building Equipment is predicted to bear a
company rebranding and can be renamed LANDCROS Company in
April 2027.
ITOCHU stated it’s at the moment assessing the potential affect of
the transaction on its consolidated monetary outcomes for the
fiscal 12 months ending March 31, 2027. Additional particulars are anticipated to
be disclosed as a part of its FY2026 Administration Plan, scheduled for
launch on Could 1, 2026.
Wanting forward, the corporate plans to deepen cooperation with
Hitachi Building Equipment throughout key markets, together with North
America, with a deal with strengthening the corporate’s administration
base and enhancing its world competitiveness.
