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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 operates eleven business segments, ranging from Information & Telecommunication Systems to Construction Machinery.[better source needed]
Hitachi Headquarters in Marunouchi
|Kabushiki gaisha Hitachi Seisaku-sho|
lit. "Share Company Hitachi Manufacturing Plant"
|Traded as||TYO: 6501|
Nikkei 225 component
TOPIX Core30 component
Hitachi, Ibaraki, Japan
|Revenue||¥9.480 trillion (2019)|
|¥516.5 billion (2019)|
|¥321.0 billion (2019)|
|Total assets||¥9.626 trillion (2019)|
|Total equity||¥3.262 trillion (2019)|
Number of employees
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.
The company began as an in-house venture of Fusanosuke Kuhara's mining company in Hitachi, Ibaraki. Odaira moved headquarters to Tokyo in 1918. Odaira coined the company's toponymic name by superimposing two kanji characters: hi meaning “sun” and tachi meaning “rise.”
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. 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. Meanwhile, Hitachi went public in 1949.
In March 2011, Hitachi agreed to sell its hard disk drive subsidiary, HGST, to Western Digital 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.
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, Johnson Controls-Hitachi Air Conditioning. In May 2016, Hitachi announced it was investing $2.8 billion into its IoT interests.
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. In December 2018, Hitachi Ltd. announced it would take over ABB Ltd.'s power grid division for $6.4 billion. Also in 2017, private equity firm KKR bought Hitachi Kokusai's (itself a subsidiary of Hitachi) semiconductor equipment division, becoming Kokusai Electric. Kokusai Electric would later be bought by Applied Materials in 2019, for US$2.2 billion.
In 2019, Hitachi sold Hitachi Chemical to Showa Denko and its medical imaging business to Fujifilm for a total of US$6.38 billion. In October 2019, Honda was reported to be in talks with Hitachi to merge the two companies' car parts businesses, creating a components supplier with almost $17 billion in annual sales.
Products and servicesEdit
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- Car Information Systems
- Drive Control
- Electric Powertrain Systems
- Engine Management Systems
Components and devicesEdit
- Hard disk drives (Separated division for this product line as Hitachi Global Storage Technologies, then HGST was purchased by Western Digital)
- Information Storage Media
- Hydraulic Excavators
- Forestry Equipment
- Mechanical & Hydraulic Cranes
- Mining Dump Trucks
- Crawler Dump trucks
- Wheel Loaders
- Military vehicles
- Crisis management
- C4I systems
- Satellite image processing systems
- Social Infrastructure security business (in coordination with Hitachi's Infrastructure Systems Group)
- Electric propulsion technology
- Electro-mechanical systems (including some robotics research & development)
- Advanced Combat Infantry Equipment System [ACIES] (JSDF) – Primary contractor
Digital media and consumer productsEdit
- Air conditioning equipment
- Hitachi Magic Wand
- LCD projectors
- Professional DLP Projectors
- Optical disc drives (Joint venture with optical disc drive division of LG as Hitachi-LG Data Storage)
- Plasma and LCD Televisions
- Room air conditioners
- Washing machines
Electronic systems and equipmentEdit
- Loan guarantees
- Invoice finance (via the Hitachi Capital arm of the business)
- Consumer finance (personal and retail)
- Business finance
- 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
- Disk array subsystems
- Mainframe computers
- Outsourcing services
- Telecommunications equipment
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.
Social infrastructure and industrial systemsEdit
- Logistics: Hitachi Transport System Ltd, one of Japan's five large global logistics services providers.
- Property management
Subsidiaries and divisionsEdit
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Hitachi Communication Technologies AmericaEdit
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 .
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 Defense SystemsEdit
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. 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.
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. Hitachi's products have included the designing and manufacturing of many Shinkansen models, including the N700 Series Shinkansen.
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 Monorail builds monorail systems with 10 built to date.
Hitachi Solutions AmericaEdit
Hitachi Solutions America is a consulting firm and systems integrator focusing primarily on Microsoft Dynamics. Hitachi Solutions America acquired Ignify, a Microsoft Dynamics Solution provider, in December 2015.
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.
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).
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