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Last ¥1,832 JPY
Change Today -23.00 / -1.24%
Volume 1.5M
As of 2:00 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

hitachi metals ltd (5486) Snapshot

Open
¥1,850
Previous Close
¥1,855
Day High
¥1,863
Day Low
¥1,824
52 Week High
12/3/14 - ¥2,130
52 Week Low
07/14/14 - ¥1,550
Market Cap
785.8B
Average Volume 10 Days
1.3M
EPS TTM
¥155.64
Shares Outstanding
428.9M
EX-Date
09/28/15
P/E TM
11.8x
Dividend
¥26.00
Dividend Yield
1.26%
Current Stock Chart for HITACHI METALS LTD (5486)

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hitachi metals ltd (5486) Details

Hitachi Metals, Ltd. manufactures and markets functional component materials primarily in Japan and the rest of Asia, Europe, and North America. The company’s High-Grade Metal Products and Materials segment provides high-grade specialty steel molds and tools, alloys for electronic products, industrial equipment and energy-related materials, razor and blade materials, precision cast components, rolls for steel mills, injection molding machine parts, structural ceramic products, steel-frame joints for construction, and cutting tools. It’s Magnetic Materials and Applications segment offers rare-earth magnets, ferrite magnets, and other magnets and applied products; soft ferrite and nanocrystalline magnetic materials; components for information and telecommunications equipment, IT materials and components, materials, and components for medical equipment; and amorphous metals and applied products. The company’s High-Grade Functional Components and Equipment segment provides high-grade casting components, such as heat-resistant exhaust casting components, ductile iron products, aluminum wheels and other aluminum components, and forging components for automobiles; piping and infrastructure components comprising pipe fittings, stainless steel and plastic piping components, water cooling equipment, precision mass flow control devices, and sealed expansion tanks under Gourd brand; and construction components, which include access floor systems, structural systems, roofing systems, and material handling systems. It’s Wires, Cables, and Related Products segment offers electric power and industrial wires and cables, and wiring devices; fiber optic and telecommunication cables; magnet wires; industrial rubber products; electronic components and brake hoses; information networks, wireless systems, and compound semiconductor products; and brass products. The company was founded in 1910 and is headquartered in Tokyo, Japan. Hitachi Metals, Ltd. is a subsidiary of Hitachi, Ltd.

Founded in 1910

hitachi metals ltd (5486) Top Compensated Officers

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Executives, Board Directors

hitachi metals ltd (5486) Key Developments

Hitachi Metals, Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the Interim Period and Full Year Ending March 31, 2016; Declares Year End Dividend for the Year Ended March 31, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016

Hitachi Metals, Ltd. announced consolidated earnings results for the year ended March 31, 2015. For the year, the company reported revenues of JPY 1,004,373 million compared with JPY 807,794 million for the same period a year ago. Operating income was JPY 84,407 million compared with JPY 53,428 million for the same period a year ago. Income before income taxes was JPY 86,391 million compared with JPY 55,820 million for the same period a year ago. Net income was JPY 71,918 million compared with JPY 48,362 million for the same period a year ago. Net income attributable to owners of the parent was JPY 70,569 million compared with JPY 48,133 million for the same period a year ago. Basic earnings per share attributable to owners of the parent were JPY 165.02 compared with JPY 116.79 for the same period a year ago. Cash flows from operating activities was JPY 108,983 million compared with JPY 99,171 million for the same period a year ago. The company declared year end dividends for the year ended March 31, 2015 of JPY 13.00 per share compared to JPY 10.00 per share for the same period last year. For the year ending March 31, 2016, the company expects to pay JPY 13.00 per share compared to JPY 13.00 per share for the same period last year. For the interim period of fiscal year 2016, the company expects revenues of JPY 540,000 million, operating income of JPY 66,000 million, income before income taxes of JPY 65,500 million and net income attributable to owners of the parent company of JPY 47,000 million or JPY 109.92 per basic share. For the year ending March 31, 2016, the company expects revenues of JPY 1,100,000 million, operating income of JPY 107,000 million, income before income taxes of JPY 106,000 million and net income attributable to owners of the parent company of JPY 73,000 million or JPY 170.73 per basic share.

Hitachi Metals, Ltd. Establishes a Joint Venture with Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. in the Manufacture and Sale of Neodymium-Iron-Boron Magnets

Hitachi Metals, Ltd. and Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. have engaged in a series of discussions aimed at establishing a joint venture in the manufacture and sale of Neodymium-Iron-Boron magnets. The two companies reached an agreement, a decision to establish a joint venture in China was made, and a joint venture with Zhong Ke San Huan was concluded. Hitachi Metals has provided a variety of industries, including the automobile, the IT and home electronics, the industrial machinery, and the medical, environmental, and energy industries, with a range of high-performance magnets led by the NEOMAX® series of Neodymium-Iron-Boron magnets, which possess some of the high levels of magnetic force. These magnets are important materials for reducing the size and weight of a wide range of products, increasing their efficiency and energy-saving capabilities, and improving their environmental performance. Hitachi Metals has long had a licensing agreement with the company, and the company is also working to expand, not only in China and Asia, but to the European and U.S. markets as well, based on its technologies and proven track record for delivering superior magnets. The percentage investment will be 51% for Hitachi Metals and 49% for Zhong Ke San Huan. The joint venture will be a consolidated subsidiary of Hitachi Metals and will be positioned as an integrated production facility for Neodymium-Iron-Boron magnets at annual output of 2,000 tons, from procurement of raw materials to manufacturing and sales, to service the Chinese market. The joint venture will be established in Jiangsu Province in China on December 2015, and the plan is to equip it for mass production of 1,000 tons/year initially beginning in December 2016 with the goal of quickly satisfying the demand of growing market sectors. The plan is to subsequently increase capacity progressively, taking the trend in demand into account. The sales plan also projects sales of around ¥10 billion in fiscal 2017.

Hitachi Metals, Ltd., 2015 Earnings Call, May 12, 2015

Hitachi Metals, Ltd., 2015 Earnings Call, May 12, 2015

 

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Valuation 5486 Industry Range
Price/Earnings 11.5x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 11.5x
TEV/Sales 0.4x
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