QUOTE AND NEWS
The Hindu Business Line  Apr 27  Comment 
Hitachi India has appointed Bharat Kaushal as its Managing Director. The new appointment will be effective June 1. Bharat Kaushal succeeds Kojin Nakakita, who has been elevated as Chairman of Hitac...
The Economic Times  Apr 26  Comment 
Kaushal will be the first Indian to spearhead Hitachi India’s operations. He succeeds Kojin Nakakita who has been elevated as chairman of Hitachi India and Hitachi Asia.
Cloud Computing  Apr 25  Comment 
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi...
Cloud Computing  Apr 20  Comment 
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New...
Automotive World  Mar 30  Comment 
Hitachi Automotive Systems, Ltd. today announced that hot wire slot-in type airflow sensors from Hitachi Automotive Systems have been used in the new, fully redesigned Prius PHV launched by Toyota Motor Corporation in February 2017. The Hitachi...
The Economic Times  Mar 17  Comment 
As reported by commercial banks, 2.9 million cards were used at ATMs that were connected to switch of Hitachi, which was subjected to malware attack, Gangwar said.
The Hindu Business Line  Mar 4  Comment 
Tata Hitachi’s Kharagpur plant in West Bengal has rolled out of its 10,000th machine.According to Sandeep Singh, Managing Director, Tata Hitachi, this is one of the major milestones that the plant ha...
The Economic Times  Mar 2  Comment 
The day also marked the rollout of the 10,001 st machine – the ZAXIS370GI excavator - which was handed over to Nilmani Panda of Balasore Alloys Limited.
The Economic Times  Mar 1  Comment 
Hitachi denied to have received any claims. “We have not received any claims so far,“ said Loney Antony , MD at Hitachi Payment Services.




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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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