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Results of Treasury Stock Repurchase Via ToSTNeT-2
Hitachi Capital Corporation hereby serves notice that it repurchased treasury stock today, as follows. The company announced its intention to repurchase its own shares in a separate release issued yesterday.
| 1.Reason for Repurchase | (1) To adjust the number of shares issued and outstanding to a level commensurate with
the scale of Hitachi Capital's businesses. (2) To help improve shareholder value. |
|---|---|
| 2.Type of Shares Repurchased | Hitachi Capital common stock |
| 3.Total Number of Shares Repurchased | 630,000 shares |
| 4.Repurchase Price | ¥2,165 per share |
| 5.Date of Repurchase | March 4, 2005 |
| 6.Method of Repurchase | Hitachi Capital placed a buy order for its common stock via ToSTNeT-2 (Tokyo Stock Exchange Trading Network System; closing price orders) |
(Reference)
Details of repurchase as announced March 3, 2005
| (1) Type of shares | Hitachi Capital common stock |
|---|---|
| (2) Total number of shares to be repurchased | 800,000 shares |
Details of proposal for the repurchase of shares that was approved at the Board of Directors' meeting held on July 22, 2004
| (1) Type of shares | Hitachi Capital common stock |
|---|---|
| (2) Total number of shares authorized for repurchase | Up to 10 million shares |
| (3) Total value of shares authorized for repurchase | Up to ¥21.0 billion |
Treasury stock repurchased as of March 4, 2005
| (1) Total number shares repurchased | 6,339,600 shares |
|---|---|
| (2) Total value of shares repurchased | ¥12,303,534,400(average cost @¥1,941) |