QUOTE AND NEWS
The Hindu Business Line  Sep 18  Comment 
IT services major Infosys on Thursday said it has joined hands with Microsoft, Hitachi Data Systems (HDS) and Huawei in a bid to expand offerings in cloud, big data and analytics, communica...
JCN Network  Sep 18  Comment 
Hitachi, Ltd. today announced that it will open a new R&D base in the UK - the European Nuclear Research Centre (ENRC) - on September 30th 2014.
JCN Network  Sep 17  Comment 
Hitachi India Pvt. Ltd. and Hitachi, Ltd. (TSE: 6501) today announced that they have developed a technology to extract precisely designated information from electronic medical records with International Institute of Information Technology,...
JCN Network  Sep 12  Comment 
Hitachi, Ltd. (TSE:6501 / "Hitachi") today announced that as of October 1, 2014, it will establish a new Energy Solutions Business Management Division as a front engineering (technical sales) organization under the direct jurisdiction of the...
Automotive World  Sep 9  Comment 
Hitachi Automotive Systems, Ltd., together with HUECO Automotive GmbH, a subsidiary of the Hitachi Automotive Systems responsible for the manufacture and sale of parts for the company’s automotive repair and aftermarket parts business in Europe,...
JCN Network  Sep 5  Comment 
Barclays, in partnership with Hitachi Europe Ltd. is ramping up the fight against fraud with the launch of the Barclays Biometric Reader, developed with Hitachi's Finger Vein Authentication Technology (VeinID*) - a new, ground-breaking method for...
Banking Business Review  Sep 5  Comment 
Barclays has partnered with Hitachi Europe to develop a biometric reader that uses finger vein authentication technology, VeinID, to secure bank accounts.
JCN Network  Aug 28  Comment 
Hitachi, Ltd. (TSE:6501, "Hitachi") announced today that they have begun joint research with three American universities - the Massachusetts Institute of Technology (MIT), the University of Michigan (U-M), and the University of California,...
DailyFinance  Aug 27  Comment 
NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions, announced today NextGen® ...




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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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