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Hitachi

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Hitachi, Ltd. (株式会社日立製作所, Kabushiki gaisha Hitachi Seisaku-sho, lit. "Share Company Hitachi Manufacturing Plant") (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 formed part of the Nissan zaibatsu and later DKB Group of companies before DKB merged into the Mizuho Financial Group. 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.[3]

Hitachi, Ltd.
Native name
株式会社日立製作所
Kabushiki gaisha Hitachi Seisaku-sho
lit. "Share Company Hitachi Manufacturing Plant"
Public KK
Traded asTYO: 6501
TOPIX Core 30 Component
ISINJP3788600009 Edit this on Wikidata
IndustryConglomerate
Founded1910; 109 years ago (1910)
Hitachi, Ibaraki, Japan
FounderNamihei Odaira
Headquarters,
Japan
Area served
Worldwide
Key people
Hiroaki Nakanishi
(Chairman)
Toshiaki Higashihara
(President and CEO)
Products
Services
RevenueIncrease ¥9.480 trillion (2019)[1]
Decrease ¥516.5 billion (2019)[1]
Decrease ¥321.0 billion (2019)[1]
Total assetsDecrease ¥9.626 trillion (2019)[1]
Total equityIncrease ¥3.262 trillion (2019)[1]
Number of employees
307,275 (2019)[2]
Websitewww.hitachi.com

Hitachi is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX indices. It is ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000.[4]

HistoryEdit

 
Former Hitachi logo (1968–1992)

Hitachi was founded in 1910 by electrical engineer Namihei Odaira in Ibaraki Prefecture.[5][6][7] The company's first product was Japan's first 4-kilowatt (5 hp) induction motor, initially developed for use in copper mining.[8][citation needed]

The company began as an in-house venture of Fusanosuke Kuhara's mining company in Hitachi, Ibaraki. Odaira moved headquarters to Tokyo in 1918.[9] Odaira coined the company's toponymic name by superimposing two kanji characters: hi meaning “sun” and tachi meaning “rise.”[10]

World War II had a significant impact on the company with many of its factories being destroyed by Allied bombing raids, and discord after the war. Founder Odaira was removed from the company.[citation needed] Hitachi's reconstruction efforts after the war were hindered by a labor strike in 1950. The company saw an increase in business during the Korean War due to defense contracts offered by the American military.[citation needed] Meanwhile, Hitachi went public in 1949.[1]

Hitachi America, Ltd. was established in 1959.[11] Hitachi Europe, Ltd. was established in 1982.[12]

 
Former Hitachi logo (1992-2001)

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.[13] 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.[14]

In January 2012, Hitachi announced it would stop producing televisions in Japan.[15] 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.[16] 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.[17][18] 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.[19][20] The joint venture began operations in February 2014.[21]

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.[22] In May 2016, Hitachi announced it was investing $2.8 billion into its IoT interests.[23]

In February 2017, Hitachi and Honda announced a partnership to develop, produce and sell motors for electric vehicles.[24] On March 14, 2018, Zoomdata announced its partnership with Hitachi INS Software to help develop big data analytics market in Japan.[25] In December 2018, Hitachi Ltd. announced it would take over ABB Ltd.'s power grid division for $6.4 billion.[26]

Products and servicesEdit

AircraftEdit

(Pre-war)

Aircraft enginesEdit

Automotive systemsEdit

 
Hitachi Automotive Systems Americas Offices, Farmington Hills, Michigan
  • Car Information Systems
  • Drive Control
  • Electric Powertrain Systems
  • Engine Management Systems

Components and devicesEdit

  • Batteries
  • Hard disk drives (Separated division for this product line as Hitachi Global Storage Technologies, then HGST was purchased by Western Digital)
  • Information Storage Media
  • LCDs

Construction machineryEdit

 
A Hitachi hydraulic excavator in use
  • Hydraulic Excavators
  • Forestry Equipment
  • Mechanical & Hydraulic Cranes
  • Mining Dump Trucks
  • Crawler Dump trucks
  • Wheel Loaders

Defense systemsEdit

Digital media and consumer productsEdit

 
2008 Hitachi air conditioning outdoor unit
 
The Magic Wand vibrating massager

Note: A new product from Hitachi called Memory glass was to be introduced in 2015. It is a high density information storage medium utilizing laser etched/readable Fused quartz.[30]

Electronic systems and equipmentEdit

Financial servicesEdit

  • Leasing
  • Loan guarantees
  • Invoice finance (via the Hitachi Capital arm of the business)
  • Consumer finance (personal and retail)
  • Business finance

Advanced materialsEdit

  • Circuit boards and materials
  • Copper products
  • High grade casting components and materials
  • Magnetic materials and components
  • Semiconductor and display related materials
  • Specialty steels
  • Wires and cables

Information and telecommunication systemsEdit

 
The Hitachi factory in Toyokawa, Japan

Power systemsEdit

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.[31] 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.[32][33] 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.[34]

Social infrastructure and industrial systemsEdit

 
Hitachi's G1TOWER, currently the world's tallest elevator research tower,[35] located at Hitachinaka, Ibaraki

OtherEdit

  • Logistics: Hitachi Transport System Ltd, one of Japan's five large global logistics services providers.
  • Property management

Subsidiaries and divisionsEdit

Hitachi Communication Technologies AmericaEdit

Hitachi Communication Technologies America provides communications products and services for the telecommunications, cable TV, utility, enterprise, industrial and other markets.[36]

Hitachi ConsultingEdit

Hitachi Consulting is an international management and technology consulting firm with headquarters in Dallas, Texas. It was founded in 2000.

Hitachi VantaraEdit

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 ElectronicsEdit

Hitachi manufactures many types of electronic products including TVs, Camcorders, Projectors and Recording Media under its own brand name.

Hitachi Defense SystemsEdit

Hitachi provides various defense related/derived products & services.

Hitachi MetalEdit

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 KokiEdit

Hitachi Koki manufactures many types of tools including chainsaws, drills, woodworking power tools. Some are branded Koki Tanaka. On March 1, 2016, Hitachi Koki acquired German power tools manufacturer Metabo from Chequers Capital.

Hitachi Plant TechnologiesEdit

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 RailEdit

 
A British Rail Class 395 train produced by Hitachi

Hitachi Rail is the rolling stock manufacturing division of Hitachi.[37]

The rail division delivered 120 CQ311 series railcars to MARTA from 1984 to 1988.

Hitachi markets a general-purpose train known as the "A-train", which uses double-skin, friction-stir-welded aluminium body construction.[38] Hitachi's products have included the designing and manufacturing of many Shinkansen models, including the N700 Series Shinkansen.[38]

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[39] The purchase was completed later that year,[40] at which point the company was renamed as Hitachi Rail Italy. Since then, Hitachi has obtained a majority stake in Ansaldo STS.[41]

Hitachi Solutions AmericaEdit

Hitachi Solutions America is a consulting firm and systems integrator focusing primarily on Microsoft Dynamics.[citation needed] Hitachi Solutions America acquired Ignify, a Microsoft Dynamics Solution provider, in December 2015.[42]

Hitachi WorksEdit

Hitachi Works 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.[citation needed]

Spin-off entities from Hitachi Works include Hitachi Cable (1956) and Hitachi Canadian Industries (1988).[citation needed]

Corporate social responsibilityEdit

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).[43]

See alsoEdit

ReferencesEdit

  1. ^ a b c d e "Hitachi Financial Statements" (PDF). Hitachi.
  2. ^ "Corporate Profile". Retrieved 8 October 2014.
  3. ^ Our Businesses : Hitachi Global. Hitachi.com. Retrieved on 2013-08-16.
  4. ^ "Global 500 2014". Retrieved 2015-04-29.
  5. ^ "Little Known Facts About Hitachi". Retrieved 8 October 2014.
  6. ^ III, Kenneth E. Hendrickson (2014-11-25). The Encyclopedia of the Industrial Revolution in World History. Rowman & Littlefield. ISBN 9780810888883.
  7. ^ Jr, Alfred D. Chandler; Hikino, Takashi; Nordenflycht, Andrew Von (2005). Inventing the Electronic Century. Harvard University Press. ISBN 9780674018051.
  8. ^ "History (1910–1959) : Hitachi Global". Hitachi.com. 2010-06-29. Retrieved 2013-01-07.
  9. ^ Fransman, Martin; Fransman, Professor of Economics and Director of the Institute for Japanese-European Technology Studies (Jets) Martin (1995). Japan's Computer and Communications Industry: The Evolution of Industrial Giants and Global Competitiveness. Oxford University Press. ISBN 9780198233336.
  10. ^ Francis McInerney; Sean White (1995). The Total Quality Corporation. North River Ventures. p. 95. ISBN 9780525939283.
  11. ^ "History (1910–1959)". Hitachi. Retrieved 11 November 2012.
  12. ^ "History (1980–1999)". Hitachi. Archived from the original on 7 November 2012. Retrieved 11 November 2012.
  13. ^ "WD to Buy Hitachi's Drive Business for $4.3 Billion". PC Magazine. 7 March 2011. Retrieved 11 November 2012.
  14. ^ "Western Digital Closes Hitachi GST Acquisition, to Operate Separate Subsidiaries". Network World. 2012-03-09. Retrieved 2014-09-01.
  15. ^ Television, Marc Chacksfield 2012-01-23T13:26:00 22Z. "Hitachi to stop making TVs in 2012". TechRadar. Retrieved 2019-01-15.
  16. ^ Welch, Chris (2012-09-27). "Hitachi invents quartz glass storage capable of preserving data for millions of years". The Verge. Retrieved 2019-01-15.
  17. ^ "Hitachi buys UK nuclear project from E.On and RWE". BBC News. 30 October 2012. Retrieved 30 October 2012.
  18. ^ "Hitachi wins bid to build up to six UK nuclear plants". Reuters. 30 October 2012. Retrieved 30 October 2012.
  19. ^ "Hitachi and Mitsubishi Heavy shares rise after merger". BBC News. 30 November 2012. Retrieved 2 December 2012.
  20. ^ "MHI, Hitachi plan to merge thermal power units to boost overseas sales". The Japan Times. 30 November 2012. Retrieved 2 December 2012.
  21. ^ "News Releases". Retrieved 8 October 2014.
  22. ^ Lockwood, Denise (3 March 2014). "An inside look at Johnson Controls joint venture with Hitachi".
  23. ^ "Hitachi to invest $2.8B in IoT: launches new unit and platform". ReadWrite. 2016-05-11. Retrieved 2019-01-15.
  24. ^ "Honda, Hitachi Automotive to form EV motor joint venture". Reuters. 2017-02-07. Retrieved 2019-01-15.
  25. ^ GlobeNewsWire. "Hitachi INS Software and Zoomdata Partner to Develop Big Data Analytics Market in Japan." March 14, 2018. Retrieved March 16, 2018.
  26. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2019-03-29.
  27. ^ "Defense Systems Company".
  28. ^ Stuart, Laura Anne (19 April 2013). "The Rebirth of the Magic Wand". Express Milwaukee. Archived from the original on 23 April 2013. Retrieved 6 May 2013.
  29. ^ Trout, Christopher (28 August 2014). "The 46-year-old sex toy Hitachi won't talk about". Engadget. Archived from the original on 27 August 2014. Retrieved 30 August 2014.
  30. ^ "Hitachi targets 2015 for glass-based data storage that lasts 100 million years". pcworld.com. 2012-09-25. Retrieved 2016-06-02.
  31. ^ "Japan's nuclear companies look to restructuring". Nuclear Engineering International. 9 November 2016. Retrieved 15 February 2017.
  32. ^ Patel, Sonal (1 June 2016). "GE-Hitachi Exits Nuclear Laser-Based Enrichment Venture". POWER. Retrieved 1 April 2017.
  33. ^ Yasuhara, Akiko (31 March 2017). "Toshiba's U.S. unit bankruptcy dims Japan's nuclear ambitions". The Japan Times. Retrieved 1 April 2017.
  34. ^ "UK unveils financial terms it offered Hitachi". World Nuclear News. 17 January 2019. Retrieved 18 January 2019.
  35. ^ "G1TOWER : About Us : Hitachi Global". Hitachi, Ltd. Retrieved 2014-08-14.
  36. ^ "Company Overview of Hitachi Communication Technologies America, Inc". bloomberg.com. Retrieved 2016-06-02.
  37. ^ "Hitachi-Rail.com : Hitachi Railway Systems Website". www.hitachi-rail.com. Retrieved 2019-09-19.
  38. ^ a b "Hitachi Transportation Systems website". Retrieved 8 October 2014.
  39. ^ "Hitachi agrees to buy Ansaldo STS and AnsaldoBreda". Railway Gazette. 24 February 2015. Retrieved 15 April 2017.
  40. ^ "Hitachi completes Ansaldo deal". Railway Gazette. 2 November 2015. Retrieved 15 April 2017.
  41. ^ "Hitachi buys shares in Ansaldo STS to raise stake to over 50 percent". Reuters. 24 March 2016. Retrieved 15 April 2017.
  42. ^ PRWEB. "Hitachi Solutions Acquires Leading Microsoft Dynamics Solution Provider Ignify." December 14, 2015. Retrieved Jul 18, 2017.
  43. ^ "Hitachi to grant electron microscopes". The Jakarta Post. 5 August 2011. Retrieved 11 November 2012.

External linksEdit

  1. ^ Official supplier, Optimus Medica. "Ultrasound machines Hitachi in Kazakhstan".