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Hitachi Headquarters in Chiyoda, Tokyo
|Traded as||TYO: 6501|
TOPIX Core 30 Component
Hitachi, Ibaraki, Japan
(President and CEO)
|Revenue||¥9.162 trillion (2017)|
|¥541.4 billion (2017)|
|¥231.2 billion (2017)|
|Total assets||¥9.663 trillion (2017)|
|Total equity||¥2.967 trillion (2017)|
Number of employees
Hitachi, Ltd. (株式会社日立製作所 Kabushiki-gaisha Hitachi Seisakujō) (Japanese pronunciation: [çiꜜtatɕi]) is a Japanese multinational conglomerate company headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (Hitachi Gurūpu) and forms part of the DKB Group of companies. Hitachi is a highly diversified company that operates eleven business segments: Information & Telecommunication Systems, Social Infrastructure, High Functional Materials & Components, Financial Services, Power Systems, Electronic Systems & Equipment, Automotive Systems, Railway & Urban Systems, Digital Media & Consumer Products, Construction Machinery and Other Components & Systems.
Hitachi was founded in 1910 by electrical engineer Namihei Odaira in Ibaraki Prefecture. The company's first product was Japan's first 4-kilowatt (5 hp) induction motor, initially developed for use in copper mining. Odaira's company soon became the domestic leader in electric motors and electric power industry infrastructure.
The company began as an in-house venture of Fusanosuke Kuhara's mining company in Hitachi, Ibaraki. Odaira moved headquarters to Tokyo in 1918. Long before that, he coined the company’s toponymic name by superimposing two kanji characters: hi meaning “sun” and tachi meaning “rise”. The young company's national aspirations were conveyed by its original brand mark, which evoked Japan's imperial rising sun flag.
World War II and its aftermath devastated the company. Many of its factories were destroyed by Allied bombing raids, and after the war, American occupational forces tried to disband Hitachi altogether. Founder Odaira was removed from the company. Nevertheless, as a result of three years of negotiations, Hitachi was permitted to maintain all but 19 of its manufacturing plants. The cost of such a production shutdown, though, compounded by a three-month labor strike in 1950, severely hindered Hitachi's reconstruction efforts. Only the Korean War saved the company from complete collapse. Hitachi and many other struggling Japanese industrial firms benefited from defense contracts offered by the American military. Meanwhile, Hitachi went public in 1949.
In March 2011, Hitachi agreed to sell its hard disk drive subsidiary, HGST, to Western Digital (WD) for a combination of cash and shares worth US$4.3 billion. Due to concerns of a duopoly of WD and Seagate Technology by the EU Commission and the Federal Trade Commission, Hitachi's 3.5" HDD division was sold to Toshiba. The transaction was completed in March 2012.
Hitachi entered talks with Mitsubishi Heavy Industries in August 2011 about a potential merger of the two companies, in what would have been the largest merger between two Japanese companies in history. The talks subsequently broke down and were suspended.
In January 2012, Hitachi announced it would stop producing televisions in Japan.
In September 2012, Hitachi announced that it had invented a long-term data solution out of quartz glass that was capable of preserving information for millions of years.
In October 2012, Hitachi agreed to acquire the United Kingdom-based nuclear energy company Horizon Nuclear Power, which plans to construct up to six nuclear power plants in the UK, from E.ON and RWE for £700 million.
In November 2012, Hitachi and Mitsubishi Heavy Industries agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by Mitsubishi Heavy Industries and 35% by Hitachi. The joint venture began operations in February 2014.
In October 2015, Hitachi completed a deal with Johnson Controls to form a joint-venture that would takeover Hitachi's HVAC business. Hitachi maintained a 40% stake of the resulting company, the Johnson Controls-Hitachi Air Conditioning.
In February 2017, Hitachi and Honda announced a partnership to develop, produce and sell motors for electric vehicles.
On March 14, 2018, Zoomdata announced its partnership with Hitachi INS Software to help develop big data analytics market in Japan.
Following the Fukushima Daiichi nuclear disaster in 2011 and the extended temporary closure of most Japanese nuclear plants, Hitachi's nuclear business became unprofitable and in 2016 Hitachi CEO Toshiaki Higashihara argued Japan should consider a merger of the various competing nuclear businesses. Hitachi is taking for 2016 an estimated ¥65 billion write-off in value of a SILEX technology laser uranium enrichment joint venture with General Electric. In 2019 Hitachi suspended the ABWR development by its British subsidiary Horizon Nuclear Power as it did not provide an adequate "economic rationality as a private enterprise" to proceed.
Hitachi Communication Technologies America provides communications products and services for the telecommunications, cable TV, utility, enterprise, industrial and other markets.
Hitachi Consulting is an international management and technology consulting firm with headquarters in Dallas, Texas. It was founded in 2000 and currently employs approximately 6,500 people across the United States, Japan, the United Kingdom, the Netherlands, India, Spain, Portugal, Germany, China, Brazil and Vietnam.
Hitachi Vantara is a wholly owned subsidiary of Hitachi which provides hardware, software and services to help companies manage their digital data. Its flagship products are the Virtual Storage Platform (for enterprise storage), Hitachi Unified Storage VM for large sized companies, Hitachi Unified Storage for small and mid-sized companies, Hitachi Content Platform (archiving and cloud architecture), Hitachi Command Suite (for storage management), Hitachi TrueCopy and Hitachi Universal Replicator (for remote replication), and the Hitachi NAS Platform.
Since September 19, 2017, Hitachi Data Systems (HDS) has become part of Hitachi Vantara, a new company that unifies the operations of Pentaho, Hitachi Data Systems and Hitachi Insight Group. The company name "Hitachi Data Systems" (HDS) and its logo is no longer used in the market.
Hitachi manufactures many types of electronic products including TVs, Camcorders, Projectors and Recording Media under its own brand name.
Hitachi provides various defense related/derived products & services.
Among other things, Hitachi Metals supplies materials for aircraft engines and fuselage components (e.g. landing gear), along with finished components for same and other aerospace applications. It also provides materials, components and tools for the automotive and electronics industries.
Hitachi Koki manufactures many types of tools including chainsaws, drills, woodworking power tools. Some are branded Koki Tanaka. March 1, 2016 Hitachi Koki acquired German power tools manufacturer Metabo from Chequers Capital.
Hitachi Plant Technologies, Ltd., along with its subsidiaries, engages in the design, development, manufacture, sale, servicing, and execution of social and industrial infrastructure machinery, mechatronics, air-conditioning systems, industrial plants, and energy plant equipment in Asia and internationally.
Hitachi markets a general-purpose train known as the "A-train", which uses double-skin, friction-stir-welded aluminium body construction. The A-train concept can be customised to form different types of trains, ranging from high-capacity commuter and metro trains (as in the automated 3000 series train for the Nanakuma Line of the Fukuoka City Subway) to limited express (as in the E257 series jointly produced with Tokyu Corporation) and high-speed trains (as in the Class 395 trains for Southeastern in the UK). They have made such trains for domestic and international operators alike. Among its most significant orders was the winning tender for the UK Department for Transport's Intercity Express Programme in June 2008.
Hitachi's many products include the designing and manufacturing of many Shinkansen models, including the N700 Series Shinkansen, which has been exported as the THSR 700T for Taiwan High Speed Rail.
The company also markets a driverless metro system developed by Hitachi Rail Italy, pioneered on the Copenhagen Metro, and straddle beam monorail technology, known as the Hitachi Monorail, which form the basis of the trains operating on the world's longest monorail system, currently part of the Chongqing Rail Transit network.
On February 24, 2015, Hitachi agreed to purchase the Italian rolling stock manufacturer AnsaldoBreda and acquire Finmeccanica's stake in Ansaldo STS, the railway signaling division of Finmeccanica The purchase was completed later that year, at which point the company was renamed as Hitachi Rail Italy. Since then, Hitachi has obtained a majority stake in Ansaldo STS.
Hitachi Solutions America is a consulting firm and systems integrator focusing primarily on Microsoft Dynamics. The firm utilizes AX and CRM from the Dynamics family to provide customers with a broad base of solutions. The company is international, with subsidiaries residing in the United Kingdom, Canada, Philippines, Thailand, Japan and India. Hitachi Solutions America acquired Ignify – another leading Microsoft Dynamics Solution providers in December 2015. Hitachi Solutions has about 2000 Microsoft Dynamics consultants worldwide after the acquisition of Ignify.
Hitachi Works is the oldest member of the Hitachi Group and consists of three factories: Kaigan Works, Yamate Works, and Rinkai Works. Yamate Works, the oldest of the three factories, was founded in 1910 by Namihei Odaira as an electrical equipment repair and manufacturing facility. This facility was named Hitachi, after the Hitachi Mine near Hitachi, Ibaraki, and is regarded as the ancestral home of Hitachi, Ltd.
Many management trainees intern at Hitachi Works before being permanently assigned to other Hitachi divisions. Senior management personnel are often participants in rotations at Hitachi Works for a few years as their career develops towards eventual head office stature. As a result, many of the senior managers of Hitachi Ltd have passed through Hitachi Works.
Hitachi Printing Systems was established in 1980 and was acquired by Ricoh in 2004, becoming Ricoh Printing Systems, Ltd.
Hitachi had a joint venture with Kerala public sector company TELK from 1963 to 1989 for the production of electrical equipment. In collaboration with Hitachi, TELK was the first company to manufacture 400kV transformers in India. TELK transformers are well known for their quality and are in great demand for the Indian power system.
In August 2011, it was announced that Hitachi would donate an electron microscope to each of five universities in Indonesia (the University of North Sumatra in Medan, the Indonesian Christian University in Jakarta, Padjadjaran University in Bandung, General Soedirman University in Purwokerto and Muhammadiyah University in Malang).
In December 2018 Hitachi Ltd.’s takeover of ABB Ltd.’s power grid division for about $6.4 billion would be the Japanese conglomerate’s biggest-ever deal as it shifts focus from nuclear plants to the higher-growth market for electricity networks.
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