QUOTE AND NEWS
The Hindu Business Line  7 hrs ago  Comment 
Members included officials from Panasonic, Hitachi, Daiwa, Mitsubishi Research Institute
Japan Today  Feb 24  Comment 
Hitachi will buy the rail and traffic signal businesses of Italy's Finmeccanica for an estimated $2.1 billion, reports said on Tuesday, as the Japanese firm looks to expand overseas and challenge major international railways firms. The Italian...
The Hindu Business Line  Feb 24  Comment 
Italian defence group Finmeccanica has agreed to sell its rail and signalling units to Japan's Hitachi in a deal it says will help it to cut net debt this year by 600 million euros ($680 million)...
Financial Times  Feb 24  Comment 
Finmeccanica set to agree Japanese takeover of Ansaldo
Automotive World  Feb 17  Comment 
Hitachi Automotive Systems, Ltd. and Hitachi Automotive Systems Asia, Ltd., one of the Hitachi Automotive Systems group companies and the regional headquarters for Asia, today announced that they held a groundbreaking ceremony on Tuesday February...
Reuters  Feb 16  Comment 
ONE-METRE WAVE EXPECTED TO HIT IWATE PREFECTURE AROUND 2330 GMT - NHK
The Hindu Business Line  Feb 16  Comment 
To introduce a slew of products for the Indian market
Forbes  Feb 16  Comment 
As we know, Hitachi Data Systems (HDS) is purchasing open source data integration and analytics company Pentaho, a move which has been logically linked to the Japanese conglomerate’s desire to add more big data analytics into its core storage...
The Times of India  Feb 16  Comment 
Japanese industrial solutions giant Hitachi is targeting a turnover of around Rs 11,000 crore (210 billion yen) in FY 2015 from India and will hire around 3,000 people to expand its business here.
JCN Network  Feb 10  Comment 
Hitachi, Ltd. and Veolia, through its subsidiary OTV, announced today that a consortium formed by their two companies and a major South Korean construction company POSCO E&C, has received an order from the Urban Civil Works Construction -...




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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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