The Times of India  Oct 5  Comment 
The local arm of Japanese air-conditioner maker Hitachi Appliances has rejigged its shareholding structure, following a global deal between Hitachi and US-based Johnson Controls.
CNNMoney.com  Oct 2  Comment 
A few decades from now, experts hope that algorithms and artificial intelligence will get good enough to help law enforcement officials prevent crimes like Thursday's shooting in Oregon.
Benzinga  Oct 1  Comment 
Johnson Controls, (NYSE: JCI), Hitachi, Ltd. (OTC: HTHIY) and Hitachi Appliances, Inc. today announced the companies have completed their global joint venture agreement and will immediately commence operations of Johnson Controls-Hitachi Air...
Benzinga  Sep 30  Comment 
Akers Biosciences, Inc. (NASDAQ: AKER) (AIM:AKR.L), ("Akers Bio" or the "Company"), a medical device company focused on reducing the cost of healthcare through faster, easier diagnostics, has signed distribution agreements to market its flagship...
Financial Times  Sep 29  Comment 
Japanese group to pay $19m over power plant contracts
Japan Today  Sep 28  Comment 
Hitachi Ltd has agreed to pay $19 million to resolve U.S. regulators' allegations that it inaccurately reported improper payments it made to South Africa's ruling party to win contracts to build power plants. The Securities and Exchange...
Mondo Visione  Sep 28  Comment 
The Securities and Exchange Commission today charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act (FCPA) when it inaccurately recorded improper payments to South Africa’s ruling political party in...
The Economic Times  Sep 26  Comment 
Tata Hitachi today expressed concern over lack of "industrial peace" in the state and said it is creating a hurdle in doing business.
The Hindu Business Line  Sep 7  Comment 
Hitachi India sees the country as its key strategic market and plans to make it an export hub. The Japanese firm is looking at various businesses for expansion in India, including IT, Healthcar...
guardian.co.uk  Sep 3  Comment 
Chancellor welcomes facility in Newton Aycliffe as boost for northern powerhouse project but opening is met with scepticism as well as fanfare A new train factory has been opened in north-east England by Hitachi, and heralded by the prime...


Hitachi, Ltd. (HIT), a Tokyo-based global conglomerate, has a highly diversified product mix ranging from consumer electronic products to power plants and electronic devices. Hitachi's emphasis on research and development (R&D) and its application of a wide range of advanced technologies for this purpose, makes it one of the world s largest manufacturers of electronic products. The company operates through seven industry segments. These segments include Power & Industrial Systems (25.6% of 2006 revenue), Information & Telecommunications Systems (21.0%), High Functional Materials & Components (15.2%), Digital Media & Consumer Products (12.8%), Logistics, Electronic Devices (10.9%), Services, & Others (10.3%), and Financial Services (4.2%).

Hitachi operates on a global scale with more than one-third of its business conducted overseas, as indicated by its sources of revenue for fiscal year 2006, ended March 2007. The company generated 59.5% from Japan, 18.1% from Asia, 10.3% from North America, 8.5% from Europe, and 3.6% from other areas. Employing more than 356,000 people worldwide, Hitachi distributes its products in Japan (primarily through its own sales network) and uses overseas sales subsidiaries, joint-venture companies, and unaffiliated distributors for international marketing. Hitachi currently has 920 consolidated subsidiaries and 165 equity-method affiliates. The company's total assets as of March 31, 2007 were $90,259.1 million, compared to $85,221.5 as on March 31, 2006.

Hitachi faces several challenges such as globalization of some of its markets, commoditization of some of its products, stagnation in some industries, fluctuation in exchange rates, and an interest rate hike in China, where Hitachi is expanding its business. To combat the pressure, the company is closing or downsizing unprofitable operations where feasible, seeking joint ventures with competitors, reallocating employees from overstaffed businesses to growth businesses, reorganizing the geographical allocation of its manufacturing facilities, and emphasizing the development of cutting-edge technology. Despite its recent progress and a promising future, Hitachi will have to resolve these key issues before the shares become more attractive.


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