Clusterstock  Jan 28  Comment 
The European Commission has fined Japan's Hitachi and a subsidiary of Mitsubishi Electrical €137.7 million (£105 million, $150 million) for "participating in a cartel." The EC says the cartel relates to each company's car parts businesses....
Wall Street Journal  Jan 27  Comment 
The European Union said it would fine Japanese auto parts makers Mitsubishi Electric Corp. and Hitachi Ltd. $149.3 million for fixing the prices of car engine components.
Forbes  Jan 21  Comment 
When Hiroaki Nakanishi asked Hitachi employees in 2011 how many people the company employed, the room went silent. No one could answer the CEO?s remarkably simple question.
InfoStor  Jan 20  Comment 
The company's new Hitachi Flash Storage (HFS) A series all-flash arrays include quality of service and other data management perks for high-performance applications.
The Economic Times  Jan 5  Comment 
Hitachi Solutions India, a subsidiary of Tokyo-based Hitachi, has acquired IT solutions provider Ignify for an undisclosed amount. Hitachi Solutions will add more resources.
The Hindu Business Line  Jan 5  Comment 
The Economic Times  Dec 17  Comment 
IT services and solutions provider Hitachi Systems Micro Clinic has appointed Rajan Bhandari as its President – Sales.
The Times of India  Dec 16  Comment 
Japan-based Hitachi said on Wednesday that it is keen to partner with the postal department for payments bank solutions.
The Economic Times  Dec 11  Comment 
Japan’s Hitachi is leading the consortium; Hitachi India and Mitsui & co are the other two members of the consortium.
The Hindu Business Line  Dec 10  Comment 
Ropes in former Hitachi Data V-P as India sales head
The Economic Times  Dec 10  Comment 
Two contract agreements were signed - Design and construction of signalling and Telecom works and TPWS works on Western Dedicated Freight Corridor, said.


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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