Hitachi, Ltd. no longer owns a share of Hitachi Construction Machinery. On August 19, 2026, the industrial conglomerate sold its entire remaining stake in the excavator and dump-truck maker, a position that stood at 10.1% of voting rights, or 214,623 units, the day before. By the end of the day, Hitachi's holding was zero.
A separate large-shareholding filing from Hitachi describes the same move in share terms: 21,462,310 ordinary shares, 9.98% of total shares outstanding, sold off-market at ¥5,227 apiece. The two percentages differ because one measures voting rights and the other measures raw share count against total shares issued, but both filings describe the same August 19 sale.
| Metric | Before (Aug 18) | After (Aug 19) |
|---|---|---|
| Voting rights (214,623 units) | 10.1% | 0.0% |
| Total-share ownership ratio | 9.98% | 0.00% |
| Sale price per share | n/a | ¥5,227 |
The mechanics were built for speed. SMBC Nikko Securities aggregated buy orders for the block and, for a matter of hours, became Hitachi Construction Machinery's major shareholder in Hitachi's place, holding the same 10.1% of voting rights Hitachi had just given up. By the close of the same trading day, SMBC Nikko had resold the shares to domestic and international institutional investors and dropped out of the major-shareholder category itself, its own position settling back to a residual 637 voting units, or 0.0%.
Hitachi Construction Machinery framed the sale as the outcome of ongoing talks with Hitachi about further promoting independent management and widening its shareholder base to include individual investors, not just institutions. The company was explicit that the equity relationship ending does not mean the commercial one is: Hitachi remains what the filing calls an important business partner, with cooperation continuing in digital technology, autonomous-operation systems, electrification and parts supply.
The same day, Hitachi Construction Machinery separately filed an amended shelf registration statement touching its existing ¥80bn corporate-bond program, originally registered in March 2026. That filing is procedural rather than substantive: it exists only to attach the shareholder-change disclosure as a reference document to the bond shelf, and it neither authorizes new debt issuance nor changes the ¥80bn ceiling.
What the disclosures do not say is the total cash value of the placement or which institutions ended up holding meaningful blocks. What they do settle is a governance question: after August 19, none of the major-shareholder categories in Hitachi Construction Machinery's ownership register include its former major shareholder, Hitachi, Ltd.