QUOTE AND NEWS
Automotive World  Mar 30  Comment 
Hitachi Automotive Systems, Ltd. today announced that hot wire slot-in type airflow sensors from Hitachi Automotive Systems have been used in the new, fully redesigned Prius PHV launched by Toyota Motor Corporation in February 2017. The Hitachi...
The Economic Times  Mar 17  Comment 
As reported by commercial banks, 2.9 million cards were used at ATMs that were connected to switch of Hitachi, which was subjected to malware attack, Gangwar said.
The Hindu Business Line  Mar 4  Comment 
Tata Hitachi’s Kharagpur plant in West Bengal has rolled out of its 10,000th machine.According to Sandeep Singh, Managing Director, Tata Hitachi, this is one of the major milestones that the plant ha...
The Economic Times  Mar 2  Comment 
The day also marked the rollout of the 10,001 st machine – the ZAXIS370GI excavator - which was handed over to Nilmani Panda of Balasore Alloys Limited.
The Economic Times  Mar 1  Comment 
Hitachi denied to have received any claims. “We have not received any claims so far,“ said Loney Antony , MD at Hitachi Payment Services.
The Economic Times  Feb 22  Comment 
Audit report of India's worst cyber attack till date has revealed that an advanced malware can overcome most anti-malware walls.
Clusterstock  Feb 21  Comment 
All three major indexes hit new all-time highs on Tuesday, jumping on the first trading day back after the Presidents Day holiday. The positive move also marks the eighth straight day that the Dow Jones industrial average has finished in record...
Clusterstock  Feb 10  Comment 
Stocks hit all-time highs again on Friday. All three major indices hit all-time highs, although they retraced some of their gains as the afternoon progressed. Stocks also climbed on Thursday following US President Donald Trump's announcement...
Clusterstock  Feb 9  Comment 
Stocks touched all-time highs on Thursday after US President Donald Trump said he would release his plan to reform the tax system in the next few weeks. Although they back-tracked on some of their gains near the end of the trading day, all three...
The Economic Times  Feb 9  Comment 
Hitachi confirmed the breach and said that they will continue to undertake all mandatory and regulatory security measures.




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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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