Japanese conglomerate Hitachi Ltd. (NYSE: HIT) has announced that it plans to de-list the company’s ADS on the New York Stock Exchange. The company will file for the voluntary de-listing on April 15th and the effective date will be April 27th.
In its announcement today, Hitachi said it would continue its ADR program and “anticipates that its ADSs will continue to be traded on the U.S. over-the-counter market.”
The company says that trading volumes do not justify the costs of maintaining a listing on the NYSE. Hitachi will also de-list from exchanges in Fukuoka and Sapporo, Japan.
Hitachi also said it would continue to prepare its consolidated financial statements in accordance with US GAAP reporting guidelines.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.