Hitachi

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Introduction

Hitachi, Ltd. is a Japanese multinational conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo.
The company operates in various sectors including digital systems, green energy, mobility, and connective industries.
Hitachi's early focus was on heavy electrical equipment and industrial machinery, producing Japan's first large-scale direct-current locomotives in 1924.
In the U.S., Hitachi offers products and solutions for data-driven digital transformation, smart manufacturing, green energy, and mobility solutions.
Hitachi Vantara, a subsidiary, focuses on data infrastructure and digital solutions, providing services like managed cloud, data protection, and hybrid cloud solutions.
Hitachi Energy aims to advance sustainable, flexible, and secure energy systems globally.
The company has a significant global presence, generating 61% of its revenue from international markets in FY2022.

Founding: Hitachi was founded in 1910 by Namihei Odaira as an electrical machinery manufacturing subsidiary of the Kuhara Mining Plant.
Early Products: The company's first product was Japan's inaugural 4-kilowatt induction motor, designed for copper mining.
Post-War Expansion: After World War II, Hitachi expanded its business scope, including the development of the world's first electric train seat reservation system in 1960.
Global Financial Crisis: The 2008 financial crisis led to a record loss, prompting a strategic overhaul focusing on infrastructure and IT.
Recent History: In 2018, Hitachi stopped selling televisions in Japan and focused on IT and infrastructure maintenance.

Digital Systems: Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights.
Green Energy: Power generation, transmission, and distribution systems, including smart city energy solutions.
Mobility: Comprehensive rail systems, including rolling stock, traction equipment, and traffic management systems.
Connective Industries: Infrastructure solutions like elevators, escalators, healthcare solutions, and industrial equipment.
Data Infrastructure: Hitachi Vantara provides managed cloud, data protection, and hybrid cloud solutions.

Revenue: In FY2022, Hitachi generated 61% of its total revenue from international markets.
Major Markets: Asia, Europe, and North America are significant contributors to Hitachi's global revenue.
Subsidiaries: Hitachi operates numerous subsidiaries worldwide, including Hitachi Vantara and Hitachi Energy.
Expansion: Hitachi America, Ltd. was established in 1959, marking the beginning of its international expansion.
Global Impact: Hitachi's products and solutions are used in various industries globally, from infrastructure to digital systems.

ESG Initiatives: Hitachi supports sustainability through its Environmental, Social, and Governance (ESG) initiatives.
Green Energy: Focus on developing efficient and dependable power systems, including renewable energy solutions.
ZeroCarbon: Solutions designed to enable fleet operators to transition to electric vehicles, supporting net zero emissions.
Sustainable Infrastructure: Hitachi provides sustainable water and wastewater solutions, integrating advanced treatment technologies.
Data Centers: Hitachi Vantara works on reducing CO2 emissions and energy consumption in data centers.

Hitachi Vantara: Focuses on data infrastructure and digital solutions, providing services like managed cloud and data protection.
Hitachi Energy: Advances sustainable, flexible, and secure energy systems globally.
Hitachi Construction Machinery: Produces reliable construction and mining equipment.
Hitachi Metals: Supplies materials for aircraft engines, automotive, and electronics industries.
Hitachi Astemo: A joint venture with Honda, focusing on advanced sustainable technologies for mobility.

Hitachi Vantara: In 2023, Hitachi spun off Hitachi Vantara LLC's digital solutions business into a new company, Hitachi Digital Services.
Hitachi Energy: In 2021, Hitachi-ABB Power Grids was rebranded as Hitachi Energy.
Nuclear Projects: In 2021, GE-Hitachi was selected to construct two BWRX-300 reactors in Ontario, Canada.
Divestments: Hitachi sold a 60% stake in its overseas home appliance business to Turkish Arcelik in 2020.
Automotive: In 2021, Hitachi and Honda consolidated their automotive parts businesses into Hitachi Astemo.