| Type | Public Kabushiki gaisha |
|---|---|
| Traded as | TYO: 6501, NYSE: HIT |
| Industry | Conglomerate |
| Founded | Japan (1910) |
| Founder(s) | Namihei Odaira |
| Headquarters | Chiyoda, Tokyo, Japan |
| Area served | Worldwide |
| Key people | Hiroaki Nakanishi (President) |
| Products | Industrial machinery, telecommunications, power plants, information systems, electronics, automotive, materials, financial services, construction |
| Revenue | US$ 112.40 billion (2011)[1] |
| Operating income | US$ 4.86 billion (2011)[1] |
| Profit | US$ 2.88 billion (2011)[1] |
| Total assets | US$ 110.83 billion (2011)[1] |
| Total equity | US$ 17.37 billion (2011)[1] |
| Employees | 372,360 (2011)[2] |
| Website | www.hitachi.com |
Hitachi, Ltd. (株式会社日立製作所 Kabushiki-gaisha Hitachi Seisakusho) is a Japanese multinational conglomerate headquartered in Marunouchi 1-chome, Chiyoda, Tokyo, Japan. The company is the parent of the Hitachi Group (Hitachi Gurūpu) as part of the larger DKB Group companies. Hitachi has been a diversified company that has 11 business segments: Information and Telecommunication System, Electricity System, Social and Industrial System, Electronic Device and System, Construction, Automotive System, Component and Device and Financial service.
On the 2011 Forbes Global 2000 list, Hitachi was ranked number 473.
Hitachi Works is the oldest member of the Hitachi Group and consists of three factories: Kaigan, Yamate, 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, 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.
Spin-off entities from Hitachi Works include Hitachi Cable (1956) and Hitachi Canadian Industries (1988).
Hitachi Rail is involved in designing and manufacturing the many models of Shinkansen vehicles, including the current model, the N700 Series Shinkansen.[3]
Hitachi currently markets a general purpose train known as the "A-train" which utilises a double-skin friction stir welded aluminium frame. The A-train concept can be customised to form a commuter train like the automated 3000 series train for the Nanakuma Line, a limited express train like the E257 series or a high-speed train such as the Class 395 in production for UK use.[3] In June 2008, Hitachi also submitted a tender for the UK's Intercity Express Programme.[4]
Hitachi and Mitsubishi Heavy Industries agreed to cooperate in the field of international intra-city railway systems market in 2010.[5]
Hitachi manufactures many types of electronic products including TVs, Camcorders, Projectors and Recording Media under its own brand name.
Hitachi Global Storage Technologies (Hitachi GST) manufactures computer hard drives. There are 3 main ranges: Hitachi Travelstar, Hitachi Deskstar and Hitachi Ultrastar.
On March 7th, 2011 Hitachi Global Storage Technologies was purchased by Western Digital Corporation for $3.5 billion in cash and $750 million in Western Digital common stock.[6]
Hitachi Consulting is an international management and technology consulting firm with headquarters in Dallas, Texas. It was founded in 2000 as subsidiary of the Japanese Hitachi Group and currently employs approximately 4,000 people in the U.S., Japan, the UK,India, Spain, Portugal and Germany.
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.
In August 2011 it was reported that Hitachi will donate an electron microscope to each of five universities in Indonesia. The universities are:[7]
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