India, Jan. 21 -- Hitachi, Ltd. (6501.T), on Wednesday, said the company has agreed to transfer all shares held in Mitsubishi Hitachi Home Elevator, Ltd. to joint-venture partner Mitsubishi ElectriThe financial transactions were not disclosed.
The deal is expected to be completed in the first quarter of the fiscal year ending March 2027.
The company said the impact on consolidated financial results is expected to be minimal.
The share transfer aligns with Hitachi's "Inspire 2027" management plan, which focuses on improving cash flow, optimizing capital allocation, and accelerating portfolio transformation.
Hitachi Building Systems will continue to provide support and maintenance services for home elevators already delivered by Hitachi a...