QUOTE AND NEWS
Clusterstock  Jul 14  Comment 
The S&P 500 and Dow climbed to all-time highs in trading on Friday after some of the major banks reported quarterly profits that were better than expected.  Here's the scoreboard:  Dow: 21,637.74, +84.65, (0.39%) S&P 500: 2,459.27,...
The Hindu Business Line  Jul 13  Comment 
Demand for seamless payments operable across different modes of transport & cities increasing, says MD
Cloud Computing  Jul 13  Comment 
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability...
JCN Network  Jul 3  Comment 
TOKYO, Jul 3, 2017 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. and Honda Motor Co., Ltd. today announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the...
Cellular News  Jun 27  Comment 
Hitachi Data Systems Federal, Inc., (HDS Federal) today announced it has signed a definitive agreement with Brocade Communication Systems, Inc. (Brocade) to accept the transfer and control of certain Brocade U.S....
Cellular News  Jun 13  Comment 
JERSEY CITY, N.J.andnbsp;oXya, a Hitachi Group Company, has been named by IDG's Computerworld as one of 2017 Best Places to Work in Information Technology (IT). The annual list, published for the 24th year, consists of 100 top organizations that...
Japan Today  Jun 12  Comment 
Hitachi Ltd has developed a smartphone-connected device to prevent drunken driving by detecting alcohol from a person's breath while employing facial recognition technology to prevent the person from…
JCN Network  Jun 9  Comment 
TOKYO, Jun 9, 2017 - (JCN Newswire) - Ansaldo STS has signed a Memorandum of Understanding (MoU) with Metroselskabet to develop a Proof of Concept for a new Dynamic Headway solution leveraging Hitachi technologies for the Copenhagen Metro...
JCN Network  Jun 8  Comment 
TOKYO, Jun 8, 2017 - (JCN Newswire) - Hitachi Healthcare Americas Corporation, a wholly owned subsidiary of Hitachi, Ltd. (TSE:6501) and The University of Texas MD Anderson Cancer Center have announced today that they have entered into an...
The Hindu Business Line  Jun 6  Comment 
Hitachi executes a three-year efficiency project




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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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