QUOTE AND NEWS
Automotive World  Aug 20  Comment 
Hitachi Automotive Systems, Ltd. today announced that it has been notified by the National Development and Reform Commission of the People’s Republic of China that its selling of some automotive parts has been in violation of China’s...
CNNMoney.com  Aug 18  Comment 
Read full story for latest details.
Reuters  Aug 15  Comment 
Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the...
InfoStor  Aug 14  Comment 
The conglomerate's Hitachi Data Systems subsidiary will work Sepaton's backup platform into its data center offerings.
InfoStor  Aug 7  Comment 
While HDS's key focus is storage, it's broadening its approach to take a “data-driven view.”
JCN Network  Aug 6  Comment 
Hitachi Rail Europe Ltd. today announced that it has signed a contract with Network Rail for implementation of the European Train Control System (ETCS) on two Class 37 locomotives.
SeekingAlpha  Jul 31  Comment 
Hitachi (OTCPK:HTHIY) Q1 2015 Earnings Call July 31, 2014 2:45 am ET Executives Toyoaki Nakamura - Chief Financial Officer, Executive Vice President, Representative Executive Officer, Executive Officer and General Manager of Consumer...
newratings.com  Jul 31  Comment 
JCN Network  Jul 30  Comment 
Hitachi, Ltd. today announced the signing of a memorandum of understanding (MOU) with the Lithuanian Ministry of Energy recording their agreement to discuss for establishment of the Project Company (PCO) that is to manage the business, to proceed...
JCN Network  Jul 29  Comment 
Effective October 1, Mitsubishi Hitachi Power Systems, Ltd. (MHPS) will integrate with Babcock-Hitachi K.K. (BHK), a Yokohama-based group company handling boilers and air quality control systems (AQCS).




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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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