QUOTE AND NEWS
The Economic Times  7 hrs ago  Comment 
Japanese companies listed on Indian exchanges are seen heading for challenging times on D-Street, after the Japanese Yen rose to an 18-month high against the US Dollar on Tuesday.
The Economic Times  8 hrs ago  Comment 
Hitachi Koki, a power tools company from the Hitachi Group, intends to amplify its global acquisition of German competitor Metabo in the Indian market by introducing new products with cutting-edge technology.
The Economic Times  10 hrs ago  Comment 
According to a statement by BGR Energy, it has entered into an agreement with Hitachi Ltd, Japan (HTC) and Hitachi Power Europe GmbH, Germany.
The Economic Times  Apr 22  Comment 
The demand for ACs has surged, which has lifted stocks of AC makers like Voltas, Hitachi Home and Blue Star by up to 23 per cent over the past one month.
Insurance Journal  Mar 31  Comment 
California Attorney General Kamala Harris says she has reached a nearly $5 million settlement with five electronics manufacturers accused of fixing prices on television and computer components. Harris’ office announced the deal with LG, Hitachi,...
Reuters  Mar 30  Comment 
* Hitachi Transport System and Sagawa Express are expected to integrate their operations within three years - Nikkei Source - http://s.nikkei.com/25x2xn7 Further company coverage:
The Economic Times  Mar 30  Comment 
Japan-based Hitachi and IT firm Virtusa Corporation have entered into a partnership to provide joint services to their global clients and the broader market.
Reuters  Mar 29  Comment 
* Hitachi Transport System And Sagawa Express Will Form A Comprehensive Partnership, With An Eye Toward Possible Future Business Integration - Nikkei
guardian.co.uk  Mar 26  Comment 
City’s $375m plan – to be engineered by Hitachi Rail Italy – a serious effort to switch commuters from overcrowding and cars to rail system What do you get if you put Hitachi’s Japanese engineers, their counterparts from Italy, a...
Reuters  Mar 24  Comment 
Hitachi has bought further shares in Ansaldo STS securing a total of just over 50 percent in the company, a source close to the matter told Reuters on Thursday.




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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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