QUOTE AND NEWS
Reuters  Aug 17  Comment 
Hitachi Ltd and buyout firms Carlyle Group and Permira are among suitors to buy Takeda Pharmaceutical Co's chemicals unit, people with knowledge of the matter said, in a...
Automotive World  Aug 10  Comment 
Hitachi Automotive Systems, Ltd. (“Hitachi Automotive Systems”) today announced that it has agreed with the United States Department of Justice to conclude a plea agreement regarding violations of U.S. antitrust laws occurring in connection...
Clusterstock  Aug 9  Comment 
WASHINGTON (Reuters) - Hitachi Automotive Systems Ltd agreed to plead guilty to fixing the price of shock absorbers installed in U.S. autos, and to pay a criminal fine of $55.48 million, the Justice Department said in a statement on...
Clusterstock  Aug 5  Comment 
Stocks rose across the board on Friday after the jobs report from the Bureau of Labor Statistics showed continued strength in the labor market. All three major averages opened higher and moved a bit higher over the course of the day. The S&P 500...
The Economic Times  Aug 2  Comment 
The ZAXIS 370LCH Hydraulic Excavator is the latest roll out the ZAXIS-series excavators from Tata Hitachi, which has emerged as a key player in the Indian market.
newratings.com  Jul 29  Comment 
TOKYO (dpa-AFX) - Japanese electronics company Hitachi Ltd. (HTHIF.PK, HTHIY.PK) reported Friday that its first-quarter net income attributable to the stockholders to 56.4 billion Japanese yen or $0.5 billion from last year's 54.9 billion...
The Hindu Business Line  Jul 27  Comment 
For sale, service of automotive batteries




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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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