Hitachi to plan to buyout minority shareholders in listed units

July 27, according to broadcasting, Hitachi plans to buyout minority shareholders in five listed subsidiaries.

In Japan, listed parent-subsidiaries are practice and  Hitachi is not an exception. Hitachi has 16 listed subsidiaries.

The practice is criticized because it means lax corporate governance.

Hitachi is one of the biggest traditional Japanese company, so the plan could influence other Japanese company to follow.