Profile: Hitachi Ltd (HTHIY.PK)
13 Mar 2014
Hitachi, Ltd. (Hitachi), incorporated on February 1, 1920, is engaged in developing a diversified product mix ranging from electricity generation systems to consumer products and electronic devices. The Company operates in 11 segments: Information & Telecommunication Systems, which includes systems integration, outsourcing services, software, disk array subsystems, servers, mainframes, telecommunications equipment and automated teller machines (ATMs); Power Systems, which includes thermal, nuclear, hydroelectric and wind power generation systems; Social Infrastructure & Industrial System, which includes industrial machinery and plants, elevators, escalators and railway vehicles and systems; Electronic Systems & Equipment, which includes semiconductor and liquid crystal display (LCD) manufacturing equipment, test and measurement equipment, medical electronics equipment, power tools and electronic parts manufacturing systems; Construction Machinery, which includes hydraulic excavators, wheel loaders and mining dump trucks; High Functional Materials & Components, which includes wires and cables, copper products, semiconductor and display-related materials, circuit boards and materials, specialty steels, magnetic materials and components and high grade casting components and materials; Automotive Systems, which includes engine management systems, electric powertrain systems, drive control systems and car information systems; Components & Devices, which includes LCDs, information storage media and batteries; Digital Media & Consumer Products, which inlcudes optical disk drives, flat-panel television, LCD projectors, mobile phones, room air conditioners, refrigerators, washing machines and air-conditioning equipment; Financial Services, which includes leasing and loan guarantees, and Others, which includes general trading, logistics and property management. On March 30, 2010, Hitachi Construction Machinery Co., Ltd., the Company’s consolidated subsidiary, purchased an additional 20% interest in Telco Construction Equipment Co., Ltd.
Information & Telecommunication Systems
In Information & Telecommunication Systems segment, Hitachi provides products and services, including hardware products, software and services. Its customers include business entities in various industries, national and local governments. Among the hardware products the Company offers, disk array subsystems, servers and mainframes. Hitachi also develops and offers various software packages designed to enhance the productivity of customers. This segment also provides telecommunications equipment and network equipment and systems, which are delivered to customers in the data and telecommunication industries and other business customers. During the fiscal year ended March 31, 2010, (fiscal 2010), the segment accounted for 17% of Hitachi's total revenues.
The Power Systems offers thermal power plants, nuclear power plants, hydroelectric power plants and related services for power utilities. It also provides renewable energy-related products, including wind and solar power generation systems.
Social Infrastructure & Industrial Systems
Social Infrastructure & Industrial Systems segment provide infrastructure products and services that form the underpinning of people’s lives and society, such as railway vehicles and control systems, elevators and escalators. For railway vehicles and control systems, it provides systems that include rail cars, electronic components and traffic control systems.
Electronic Systems & Equipment
The Electronic Systems & Equipment segment provides systems that form the core of the information society, including semiconductor and LCD manufacturing equipment and electronic parts manufacturing systems. The Company also produces medical and inspection systems that enhance health and wellness and power tools for both professional and home use. During fiscal 2010, this segment accounted for 10% of total revenues.
The Construction Machinery segment offers hydraulic excavators, wheel loaders and mining dump trucks. It provides integrated solutions globally, extending from the sale of construction machinery, such as hydraulic excavators to services and maintenance. Its solutions address the needs of a range of industries, including civil engineering and construction, building and structural demolition, mining and excavation.
High Functional Materials & Components
The High Functional Materials & Components segment includes fabricated chemical and metal products supplied as parts or materials to downstream manufacturers of mainly electric and electronic products. During fiscal 2010, this segment accounted for 12% of total revenues.
The Company’s Automotive Systems segment offers engine management systems, electric powertrain systems, drive control systems and car information systems. During fiscal 2010, this segment accounted for 6% of total revenues.
Components & Devices
The Components & Devices segment offers hard disk drives (HDDs), LCDs, information storage media and batteries. During fiscal 2010, this segment accounted for 7% of total revenues.
Digital Media & Consumer Products
The Digital Media & Consumer Products segment offer products in two categories: digital media products and home appliances. Digital media products include optical disk drives, flat-panel televisions, LCD projectors and mobile phones. The home appliances products include room and industrial air conditioners, refrigerators, washing machines and other appliances.
The Company’s financial services segment provides leases, loan guarantees and insurance services and conducts business in the area of securitization. During fiscal 2010, this segment accounted for 4% of total revenues.
Others segment includes various businesses primarily consisting of sales from general trading, logistics and property management services conducted by its consolidated subsidiaries. It also has many subsidiaries, which offers various services related to its business operations internally, such as printing, and services shared by its group companies, such as financial and human resource administration.
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