On December 18th 2009, Hitachi announced the transfer of it’s diagnostic image-related business to Fujifilm in an absorption-type split. The closure date of the share transfer was initially scheduled for the 1st July 2020, however due to the disruptions caused by the Coronavirus pandemic this transfer was postponed with a new execution date to be determined.
Within Hitachi’s mid-term management plan, the company states that it seeks to complete this transfer within it’s fiscal year 2020, ending 31st March 2021. Within it’s financial statements released this morning, the business is projecting income from the sale of it’s diagnostic-related business during the coming 6-months. A public announcement on the completion date is yet to be made.