QUOTE AND NEWS
The Economic Times  Apr 2  Comment 
Hitachi has 27 group companies in India. Our workforce is 10,000. Half of them, 5,000, are IT solution people —they will almost double by 2021.
The Hindu Business Line  Apr 1  Comment 
To invest more than $5 million on advertising
FierceBiotech  Mar 29  Comment 
Through a new collaboration, Mitsubishi Tanabe Pharma will apply Hitachi’s artificial intelligence technology to make clinical trials more efficient and to drive down drug development costs.
The Economic Times  Feb 6  Comment 
Hitachi Systems Micro Clinic Pvt. Ltd, a system integrator firm announced its plan to increase its workforce by 20% in line with its aim to become a $1 billion company by 2021.
SeekingAlpha  Jan 31  Comment 
The Hindu Business Line  Jan 30  Comment 
Construction equipment maker Hitachi wants the Budget to focus on the execution of road projects. The construction gear sector has been on the rebound since 2016-end after nearly three years




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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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