Inactive Instrument

Hitachi Capital Corporation

Equities

8586

JP3786600001

Hitachi Capital Corporation Announces Postponement of the Consolidated Earnings Report for the Year Ended March 31, 2019

May 11, 2019 at 01:05 am IST

Hitachi Capital Corporation announced that the company decided to postpone announcement for Consolidated Earnings Report for the Year Ended March 31, 2019 which had been scheduled to announce on May 10. The Company has prepared for the announcement of the Consolidated Earnings Report for the Year Ended March 31, 2019 on May 10. However, a substantial amount of arrears among other things was incurred in factoring services provided by Hitachi Capital Factoring (China) Co. Ltd. which is a subsidiary of The Company. For the reason that there might be possibilities of inappropriate deals, The Company proceeds with investigation of the cause at the Internal Investigation Committee as well as continues discussion regarding allowance for doubtful accounts, etc. with auditing firm. Thus it is expected to delay in settlement of the Earnings Report, The Company decided to postpone the announcement of the Consolidated Earnings Report for the Year Ended March 31, 2019. The Company will promptly make an announcement upon determination of detailed announcement day of the Consolidated Earnings Report for the Year Ended March 31, 2019.

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Company Profile

Hitachi Capital Corp is a Japan-based company mainly engaged in the provision of financial services. The Company operates through six business segments. The Account Solution segment provides leasing, installment, insurance and trust services to various needs of companies, government agencies. The Vendor Solution segment provides solutions to the sales promotion needs of affiliated vendors through financial services such as leasing and installment. The European segment, the Americas segment, the China segment, the ASEAN segment provid solutions to customers and vendors in each region. The Company is also involved in the business structure transformation based on business development and revitalization.

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