QUOTE AND NEWS
Automotive World  Apr 16  Comment 
HITACHI AUTOMOTIVE SYSTEMS (INDIA) PRIVATE LIMITED (est. April 2012), a company of the Hitachi Automotive Systems group, and Hitachi Automotive Systems, Ltd. together announced today that they will hold an inauguration ceremony for a new...
Financial Times  Mar 31  Comment 
‘We don’t have any interest in becoming Japan’s No1 . . . we have to be a global player’
The Economic Times  Mar 17  Comment 
CII today signed agreements with Hitachi India Ltd and Siemens Ltd to set up a National Mission that will help realise government's vision of creating 100 Smart Cities in the country.
Japan Today  Mar 15  Comment 
Hitachi Rail Europe and Abellio have signed a contract for the provision and maintenance of 70 new trains for the upcoming ScotRail franchise. The trains are financed by Caledonian Rail Leasing. Forty-six three-car and 24 four-car AT200 EMU...
Reuters  Mar 6  Comment 
Japan's Hitachi will pay Finmeccanica 9.5 euros for each share in the Italian firm's rail business Ansaldo STS after a dividend distribution adjustment to a previously agreed...
Forbes  Mar 2  Comment 
This week sees the biggest telco event of the year taking place in Barcelona, the traditional venue for Mobile World Congress. Since MWC is such a big show there has unsurprisingly been a deluge of announcements from companies seeking to gain some...
The Economic Times  Feb 28  Comment 
"The current Union Budget strives to drive the growth of the Indian economy especially in the Social Infrastructure domain."
The Hindu Business Line  Feb 26  Comment 
Members included officials from Panasonic, Hitachi, Daiwa, Mitsubishi Research Institute
Japan Today  Feb 24  Comment 
Hitachi will buy the rail and traffic signal businesses of Italy's Finmeccanica for an estimated $2.1 billion, reports said on Tuesday, as the Japanese firm looks to expand overseas and challenge major international railways firms. The Italian...
The Hindu Business Line  Feb 24  Comment 
Italian defence group Finmeccanica has agreed to sell its rail and signalling units to Japan's Hitachi in a deal it says will help it to cut net debt this year by 600 million euros ($680 million)...




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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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