Commenting on the news articles regarding its financial policy, Hitachi Ltd. (HIT) stated that those articles weren't based on its decision or disclosure.
Earlier, there were reports that Hitachi may raise as much as 400 billion yen or $4.5 billion in new stock and convertible bonds.
According to media reports, Tokyo-based Hitachi, which sees a net loss attributable to company of 230 billion yen for the fiscal year ending March 31, 2010, plans to sell about 300 billion yen of stock and 100 billion yen in convertible bonds.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.