QUOTE AND NEWS
Japan Today  Oct 29  Comment 
Hitachi said Wednesday its net profit for the six months to September nearly tripled to 91.54 billion yen as it hiked its full-year earnings forecast. The vast conglomerate said net profit was up from 32.77 billion yen a year earlier, as it...
Wall Street Journal  Oct 29  Comment 
Strong sales of trains in the U.K. and elevators and escalators in China lifted earnings at Hitachi Ltd., and the Japanese industrial conglomerate Wednesday upgraded its full-year financial outlook.
Automotive World  Oct 29  Comment 
Hitachi Automotive Systems, Ltd. today announced that they will be participating in the Automotive Aftermarket Products Expo (AAPEX) 2014, to be held at the Sands Expo and Convention Center in Las Vegas, Nevada in the United States from Tuesday...
Benzinga  Oct 28  Comment 
Exelon Generation, operator of the largest nuclear fleet in the U.S., has awarded an integrated outage contract to GE Hitachi Nuclear Energy (GEH) for the utility's entire fleet of boiling water reactor (BWR) nuclear energy facilities. In...
newratings.com  Oct 24  Comment 
TOKYO (dpa-AFX) - Japanese electronics company Hitachi Ltd. (HTHIY.PK) announced a surge in its second-quarter net income attributable to stockholders to 62.67 billion yen from last year's 21.97 billion yen, with quarterly net income climbing...
MarketWatch  Oct 24  Comment 
Japanese stocks Friday morning celebrated a weaker yen, stronger U.S. stocks and a sharp upgrade to Hitachi Ltd.'s earnings outlook, all of which helped to propel the Nikkei Average up 1.5% and the Topix up 1.4%. Hitachi was among the leading...
JCN Network  Oct 22  Comment 
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) today completed the construction of a combustion test facility for boilers used in thermal power generation applications.
Reuters  Oct 14  Comment 
Finmeccanica has shortlisted China's CNR Corporation and Hitachi of Japan to buy its rail assets but binding offers have not yet been presented, Chief Executive Mauro Moretti said...




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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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