Hitachi Plans $3.1 Billion Buyback While Iran Conflict Weighs

Hitachi Ltd. said it will buy back up to 3.56% of its outstanding stock for as much as ¥500 billion ($3.1 billion), the latest Japanese company to announce measures to beef up shareholder returns.

The Tokyo-based industrial electronics maker, whose shares are up less than 10% since the start of this year, said the buyback will begin April 28 and end March 31 next year.