QUOTE AND NEWS
Clusterstock  Dec 7  Comment 
US stocks on Wednesday closed at an all-time high — the 12th record since Donald Trump was elected president in November. The Dow Jones Transport Average hit its first intraday high in two years.  First, the scoreboard: Dow: 19,549.62,...
The Hindu Business Line  Dec 7  Comment 
Eyes ₹1,000 crore total revenue mark by March 2018
Automotive World  Dec 7  Comment 
Hitachi Automotive Systems, Ltd. today announced that its automotive mono tube shock absorber is being used on all models of Toyota Motor Corporation’s Lexus IS series which were released in October, 2016 as minor change models. The mono tube...
Clusterstock  Dec 6  Comment 
US stocks finished higher but little changed on Tuesday, and the Dow closed at an all-time high. Crude oil fell for the first day since OPEC agreed last Wednesday to cut production. A  Reuters survey released on Monday found that OPEC's output...
Automotive World  Dec 5  Comment 
Mitsubishi Corporation (MC) and Hitachi, Ltd (Hitachi) today announce the formation of a new joint venture that will provide comprehensive remote sensing services for industrial use. The new venture, SkymatiX, Inc., will develop, manufacture and...
Clusterstock  Nov 23  Comment 
The Dow Jones Industrial Average and S&P 500 continued to break through to new highs as US markets get ready to take a break for the Thanksgiving holiday. The Nasdaq, however, found itself in the red on a busy day for US economic...
Clusterstock  Nov 22  Comment 
Stocks once again topped all-time highs for the second day in a row as the winning streak for equities continued. Of special note, the Dow Jones Industrial Average cracked the 19,000 level for the first time in its history. We've got all the...
Clusterstock  Nov 21  Comment 
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all hit new record highs on Monday as the post-election surge for stocks continued. While the Dow and Nasdaq had previously set new records in the past few trading days, this is the...
The Hindu Business Line  Nov 16  Comment 
Rides boom in irrigation construction sector
Automotive World  Nov 2  Comment 
Hitachi Automotive Systems, Ltd. is supplying electric drive motors for the 2016 Chevrolet Volt, an extended range electric vehicle. The two motors used in the Volt were designed by GM engineers. They feature coils in the stator are bar-wound to...




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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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