23 October 2013
Tokyo, October 23, 2013 --- Hitachi, Ltd. (TSE:6501) today announced revisions to the Company’s consolidated business forecasts for the first half of fiscal 2013, the year ending March 31, 2014, which were announced on July 30, 2013 in light of recent business performance.
Revisions of Consolidated Interim Business Forecasts for Fiscal 2013
Reasons for Revisions
Hitachi has raised its forecast for revenues for the first half of fiscal 2013 by 70 billion yen from the previous forecast announced on July 30, 2013 expecting higher revenues in the Information & Telecommunication Systems Segment, Automotive Systems Segment and other segments.
The Company has also raised its forecast for operating income by 28 billion yen. This revision is based on improved operating income in all business segments, most notably in Power Systems segment and Social Infrastructure & Industrial Systems Segment. Hitachi plans to post the fine due to violations of U.S. antitrust laws, which Hitachi Automotive Systems, Ltd. -- subsidiary of Hitachi -- has agreed to pay with the United States Department of Justice, in the amount of 195 million U.S. dollars (19.0 billion yen) on other deductions. On the other hand, Hitachi plans to post improved net gain on foreign exchange and net loss on sale and disposal of fix assets on other income. As a result, Hitachi has also raised its projection for income before income taxes by 20 billion yen, and raised its forecasts for net income by 19 billion yen and net income attributable to Hitachi, Ltd. stockholders by 17 billion yen.
Hitachi adopted EBIT* as one of KPIs to measure its business performance from this fiscal year. The Company has raised its forecast for EBIT for the first half of fiscal 2013, which were 120 billion yen, by 22 billion yen to 142 billion yen. This mainly reflecting the improvement in operating income. EBIT of the same period of previous fiscal year was 124 billion yen.
* EBIT is defined income before income taxes less interest income plus interest charges.
On the basis of these results, Consolidated Interim Business Forecasts for Fiscal 2013 will mark increases both in revenues and profits.
Hitachi has not revised its full-year forecasts at this time because of considerable uncertainty surrounding the business environment in the second half of fiscal 2013. Uncertain factors include trends in the global economy, especially in the U.S., Europe and China, foreign currency fluctuations, and fluctuations in raw materials prices.
Cautionary Statement
Certain statements found in this document may constitute “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking statements” reflect management’s current views with respect to certain future events and financial performance and include any statement that does not directly relate to any historical or current fact. Words such as “anticipate,” “believe,” “expect,” “estimate,” “forecast,” “intend,” “plan,” “project” and similar expressions which indicate future events and trends may identify “forward-looking statements.” Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or implied in the “forward-looking statements” and from historical trends. Certain “forward-looking statements” are based upon current assumptions of future events which may not prove to be accurate. Undue reliance should not be placed on “forward-looking statements,” as such statements speak only as of the date of this document.
Factors that could cause actual results to differ materially from those projected or implied in any “forward-looking statement” and from historical trends include, but are not limited to:
• economic conditions, including consumer spending and plant and equipment investment in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors Hitachi serves, including, without limitation, the information, electronics, automotive, construction and financial sectors;
• exchange rate fluctuations of the yen against other currencies in which Hitachi makes significant sales or in which Hitachi’s assets and liabilities are denominated, particularly against the U.S. dollar and the euro;
• uncertainty as to Hitachi’s ability to access, or access on favorable terms, liquidity or long-term financing;
• uncertainty as to general market price levels for equity securities, declines in which may require Hitachi to write down equity securities that it holds;
• the potential for significant losses on Hitachi’s investments in equity method affiliates;
• increased commoditization of information technology products and digital media-related products and intensifying price competition for such products, particularly in the Digital Media & Consumer Products segment;
• uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technologies on a timely and cost-effective basis and to achieve market acceptance for such products;
• rapid technological innovation;
• the possibility of cost fluctuations during the lifetime of, or cancellation of, long-term contracts for which Hitachi uses the percentage-of-completion method to recognize revenue from sales;
• fluctuations in the price of raw materials including, without limitation, petroleum and other materials, such as copper, steel, aluminum, synthetic resins, rare metals and rare-earth minerals, or shortages of materials, parts and components;
• fluctuations in product demand and industry capacity;
• uncertainty as to Hitachi’s ability to implement measures to reduce the potential negative impact of fluctuations in product demand, exchange rates and/or price of raw materials or shortages of materials, parts and components;
• uncertainty as to Hitachi’s ability to achieve the anticipated benefits of its strategy to strengthen its Social Innovation Business;
• uncertainty as to the success of restructuring efforts to improve management efficiency by divesting or otherwise exiting underperforming businesses and to strengthen competitiveness;
• uncertainty as to the success of cost reduction measures;
• general socioeconomic and political conditions and the regulatory and trade environment of countries where Hitachi conducts business, particularly Japan, Asia, the United States and Europe, including, without limitation, direct or indirect restrictions by other nations on imports and differences in commercial and business customs including, without limitation, contract terms and conditions and labor relations;
• uncertainty as to the success of alliances upon which Hitachi depends, some of which Hitachi may not control, with other corporations in the design and development of certain key products;
• uncertainty as to Hitachi’s access to, or ability to protect, certain intellectual property rights, particularly those related to electronics and data processing technologies;
• uncertainty as to the outcome of litigation, regulatory investigations and other legal proceedings of which the Company, its subsidiaries or its equity method affiliates have become or may become parties;
• the possibility of incurring expenses resulting from any defects in products or services of Hitachi;
• the possibility of disruption of Hitachi’s operations by earthquakes, tsunamis or other natural disasters;
• uncertainty as to Hitachi’s ability to maintain the integrity of its information systems, as well as Hitachi’s ability to protect its confidential information or that of its customers;
• uncertainty as to the accuracy of key assumptions Hitachi uses to evaluate its significant employee benefit-related costs; and
• uncertainty as to Hitachi’s ability to attract and retain skilled personnel.
The factors listed above are not all-inclusive and are in addition to other factors contained in other materials published by Hitachi.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Contacts
Japan
Yoji Maruo
Hitachi, Ltd.
+81-3-5208-9324
U.S.A.
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
12 December 2013
Strategic acquisition reaffirms Hitachi Solutions’ commitment to Canadian market, expands breadth and depth of industry solutions and grows global footprint
IRVINE, Calif., U.S., TORONTO and CALGARY, Canada, Dec 2, 2013 – Hitachi Solutions America, Ltd., a leading provider of global industry business solutions, today announced Hitachi Solutions Canada, Ltd., the subsidiary of Hitachi Solutions America, has acquired Ideaca, a Canadian-based consulting company. This acquisition will better position Hitachi Solutions to meet the needs of its growing Canadian client base by broadening its services and expanding its industry offerings. It also further increases its global market footprint with the addition of more than 300 highly-skilled resources for service delivery throughout North America.
Founded in 2000, Ideaca has locations in Toronto, Kitchener, Edmonton, Calgary, and Vancouver that deliver solutions to more than 350 clients. Using a benefits-based approach to ensure successful outcomes and realized results, the company delivers a portfolio of management consulting, implementation and support services including enterprise resource planning (ERP), business intelligence (BI), portals and collaboration, cloud computing, custom development and integration, customer relationship management (CRM), application infrastructure and mobility across a broad range of industries.
“This strategic acquisition underscores Hitachi Solutions’ commitment to meeting the unique needs of the Canadian market,” said Mike Gillis, Chief Operating Officer, Business Solution Group, Hitachi Solutions America. “Ideaca’s proven leadership and reputation for delivering benefit-driven solutions is an ideal fit for our expansion. As we combine our strengths with their strong management consulting, post-implementation support and renowned business intelligence practice, we can rapidly expand our capabilities and extend the lifetime value of our client engagements.
Canada is a key geography for the company because of its strong business outlook and talented and well-educated workforce. In April 2013, Hitachi Solutions opened a Canadian subsidiary to be more responsive to existing Canadian clients and to enhance its ability to win new business in Canada.
With this acquisition, Ideaca will become part of Hitachi Solutions Canada, Ltd. and will be operating under the Business Solutions Group. Hitachi Solutions America’s Business Solutions Group brings proven, award-winning industry solutions, software domain expertise, intellectual property and global resources to open up exciting business and employment opportunities around Canada.
Muneer Hirji will be appointed as President to lead the new entity and will report to Gillis.
“Ideaca is extremely pleased to join a global brand with the outstanding caliber of Hitachi Solutions,” said Hirji. “We look forward to integrating our experience and strengthening our synergies to bring great industry-focused solutions to both regionally-focused and multinational companies throughout Canada. With its long history of technology excellence, industry leadership and employee-driven culture, Hitachi Solutions will make a great home for our employees.”
“With this acquisition, Hitachi Solutions is now even better positioned to elevate Microsoft Dynamics solutions and services available to clients throughout Canada,” Rob Adams, General Manager, Microsoft Dynamics Canada. “This is a significant milestone that will help us continue to gain a stronger foothold in this key market.”
Both companies will utilize their respective business process integration skills to work toward a smooth transition to maintain business momentum, retain personnel and continue to deliver the highest quality of client support.
About Hitachi Solutions Ltd.
Hitachi Solutions, Ltd., headquartered in Tokyo, Japan, is a core member of Information & Telecommunication Systems Company of Hitachi Group and a recognized leader in delivering proven business and IT strategies and solutions to companies across many industries. The company provides value-driven services throughout the IT life cycle from systems planning to systems integration, operation and maintenance. Hitachi Solutions delivers products and services of superior value to customers worldwide through key subsidiaries in the North America, Europe, China and India. The flagship company in the Hitachi Group's information and communication system solutions business, Hitachi Solutions also offers solutions for social innovation such as smart cities. For more information on Hitachi Solutions, please visit: http://www.hitachi-solutions.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Contacts
U.S.
Craig Burbidge
Vice President Market Development
Hitachi Solutions America, Ltd.
+1-949-242-1313
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
3 December 2013
Johnson Controls and Hitachi Announce Global Air Conditioning Joint Venture
Johnson Controls together with new joint venture will create world’s largest commercial air conditioning provider
MILWAUKEE and TOKYO – (December 3, 2013) – Today Johnson Controls, Inc., Hitachi, Ltd. and Hitachi Appliances, Inc. (collectively referred to as Hitachi) announced that the companies have signed a non-binding memorandum of understanding for a transaction in which Johnson Controls will obtain a 60% ownership stake in Hitachi Appliances’ global air conditioning business, excluding sales and service operations in Japan and certain other assets. The companies expect the joint venture to begin operations in 2014, subject to final due diligence and board approvals, definitive agreement on terms, required regulatory approvals and other customary conditions.
Building on the leadership of both companies, the partnership will include key products such as Variable Refrigerant Flow (VRF) and inverter technologies supporting both the commercial and residential markets. The joint venture will combine Johnson Controls’ global reach with Hitachi’s technology expertise.
“Technology leadership derived from its ongoing investments in research and development have established Hitachi as a key contributor to the global HVAC*1 industry,” said Alex Molinaroli, president and chief executive officer, Johnson Controls. “The addition of these capabilities adds key technologies to our product portfolio. Combined with our existing $15 billion building technologies and services business, this investment positions Johnson Controls as the world’s largest commercial air conditioning provider.”
A global multi-industrial company, Johnson Controls is a leading supplier of heating, ventilation, air-conditioning, building controls, refrigeration and security systems for buildings. Through its Building Efficiency business, the company delivers solutions that increase energy efficiency and lower operating costs for over a million customers who are served through nearly 700 offices in more than 150 countries.
A global home appliances and air conditioning solutions provider, Hitachi Appliances, a wholly owned subsidiary of leading global electronics and infrastructure solutions provider Hitachi, Ltd., supplies high quality, efficient and reliable air conditioning solutions across the globe, from inverter based residential room air conditioners to variable refrigerant flow systems, and other air conditioning equipment for commercial and industrial use.
The proposed joint venture comes at a time when the worldwide air conditioning market is rapidly changing. Customers are increasingly demanding air conditioning options with better energy efficiency in response to an increase in energy-saving and environmentally-protective regulations.
“Both companies have a long and proud history of innovation and growth in the industry with similar values and cultures,” said Hiroaki Nakanishi, President of Hitachi, Ltd. “As the worldwide air conditioning business environment continues to evolve, we believe Johnson Controls and Hitachi’s partnership can supply integrated solutions to fulfill the needs of customers around the world.”
“This is great news for our customers who will benefit from the full range of solutions, equipment and service that Johnson Controls and Hitachi can offer them on a global scale,” said Molinaroli.
Hiroaki Nakanishi also said "Alongside with this joint venture, we look forward to exploring further opportunities to collaborate with Johnson Controls and Hitachi's broad building solution business capitalizing on IT-related technologies.”
*1: Acronym for Heating, Ventilation, and Air Conditioning
About Johnson Controls
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2013, Corporate Responsibility Magazine recognized Johnson Controls as the #14 company in its annual “100 Best Corporate Citizens” list. For additional information, please visit http://www.johnsoncontrols.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.
About Hitachi Appliances, Inc.
Hitachi Appliances, Inc., headquartered in Tokyo, was established in April 1, 2006, through the merger of Hitachi Air Conditioning Systems Co., Ltd. and Hitachi Home & Life Solutions, Inc. that were both wholly owned by Hitachi, Ltd. Its consolidated sales for fiscal year ended March 31, 2013, totaled 569 billion yen (approximately $6.0 billion). The company supplies eco-friendly, comfortable home appliances and air conditioning products around the world capitalizing on its cutting-edge technologies.
For more information on Hitachi Appliances, please visit http://www.hitachi-ap.com/index.html
FORWARD-LOOKING STATEMENTS
Johnson Controls, Inc. and Hitachi, Ltd. have made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” or terms of similar meaning are also generally intended to identify forward-looking statements. Johnson Controls and Hitachi caution that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls’ and Hitachi’s control, that could cause Johnson Controls’ and Hitachi’s actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the ability to negotiate and enter into a definitive joint venture agreement and the receipt of all necessary government and other approvals, and the satisfaction of any closing conditions, relating to the creation of the joint venture, as well as other factors discussed in Item 1A of Part I of Johnson Controls’ most recent Annual Report on Form 10-K for the year ended September 30, 2013. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are only made as of the date of this document, and Johnson Controls and Hitachi assume no obligation, and disclaims any obligation, to update forward-looking statements to reflect events or circumstances occurring after the date of this document.
Contacts
Johnson Controls Contact:
Fraser Engerman
Director, Global Media Relations
+1 414 524 2733
Johnson Controls Contact in Japan:
Nozomu "Bobby" Fukuda
Hakuhodo, Inc.
+81-3-6441-4454
Hitachi, Ltd. Contact:
Hiroshi Inami
Manager, Public Relations and Investor Relations Department
+81-3-5208-9325
Hitachi Appliance, Inc. Contact:
Kantaro Tanii
Senior Manager, Corporate Communications Department
+81-3-3506-1476
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
8 January 2014
Tokyo, January 8, 2014 - Hitachi, Ltd. (TSE:6501) today announced the change of Chairman and President in accordance with a resolution passed by a meeting of the Board of Directors held today.
Effective April 1, 2014
< Director, Representative Executive Officer, Chairman & CEO >
Hiroaki Nakanishi : currently Director, Representative Executive Officer and President
Hiroaki Nakanishi will be appointed as a Director who chairs meetings of the Board of Directors.
< Representative Executive Officer, President & COO>
Toshiaki Higashihara : currently Senior Vice President and Executive Officer, in charge of Medical Systems Business, President & CEO of Infrastructure Systems Group and Infrastructure Systems Company
Toshiaki Higashihara will be proposed as a Director candidate at Hitachi’s Ordinary General Meeting of Shareholders in June 2014, and, upon approval at the Meeting, Mr. Higashihara will assume the position of Director.
< Director>
Takashi Kawamura : currently Chairman of the Board
Takashi Kawamura will resign as Chairman of the Board on March 31, 2014, and will be appointed as a Chairman Emeritus after retiring from the position of Director at the close of the Hitachi’s Ordinary General Meeting of Shareholders in June 2014.
Toshiaki Higashihara
| 2. Education : | |
|---|---|
| 4. Business Experience : | |
| 1. Date of Birth : | February 16, 1955 |
| September, 1990 : | Master of Science in Computer Science, Boston University |
| March, 1977 : | Graduated from the Faculty of Engineering, The University of Tokushima |
| 3. Share Ownership : | 37,000 shares (as of January 8, 2014) |
| April, 2013 : | Senior Vice President and Executive Officer President &CEO of Infrastructure Systems Group and Infrastructure Systems Company |
| April, 2012 : | Vice President and Executive Officer, Vice President and Executive Officer of Infrastructure Systems Group, General Manager of Water Environment Solutions Division |
| April, 2011 : | Vice President and Executive Officer, in charge of Industrial & Social Systems Business, Hitachi, Ltd. |
| June, 2010 : | President and Representative Director of Hitachi Plant Technologies, Ltd. |
| April, 2010 : | Representative Executive Officer, President and Chief Executive Officer of Hitachi Plant Technologies, Ltd. |
| April, 2008 : | President of Hitachi Power Europe GmbH |
| April, 2007 : | Vice President and Executive Officer, Chief Operating Officer of Power Systems Group |
| April, 2006 : | Chief Operating Officer of Information & Telecommunication Systems Group |
| April, 2004 : | General Manager of Information & Control Systems Division, Information & Telecommunication Systems Group |
| October, 2001 : | General Manager of Public Utility and Energy Industry Information Systems Division, Information & Control Systems Division, System Solutions Group |
| August, 2000 : | Senior Manager of Public Utility and Energy Industry Information Systems Design Department, Information & Control Systems Division, Power & Industrial Systems Group |
| April, 1999 : | Senior Manager of Transportation Systems Design Department, Omika Industrial Systems Division, Power & Industrial System Group |
| April, 1977 : | Joined Hitachi, Ltd. |
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com/ .
Contacts
Japan
Yoji Maruo
Hitachi, Ltd.
+81-3-5208-9324
U.S.
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
8 January 2014
Sponsorship Renewal for 2014 Will Also be Leveraged by Multiple Hitachi Group companies Globally
TARRYTOWN, NY January, 8, 2014 – Hitachi America, Ltd., a wholly owned-subsidiary of Hitachi, Ltd. today announced that the Hitachi Group will serve as the primary sponsor for eight races on the No. 3 Team Penske Dallara/Chevrolet driven by three-time Indianapolis 500 winner Helio Castroneves in the 2014 IndyCar Series. Hitachi Group companies in the Americas included in the sponsorship include: Hitachi Aloka Medical, Ltd., Hitachi America, Ltd., Hitachi Automotive Systems Americas, Inc., Hitachi Consulting, Hitachi Data Systems, Hitachi High-Technologies America, Inc. and Hitachi High-Technologies Canada, Inc.
Hitachi began its partnership with Team Penske for the 2012 season as a primary sponsor on the No. 2 Team Penske IndyCar and continued its relationship with Team Penske during the 2013 season by sponsoring Castroneves’ No. 3 Team Penske Car.
“I’m excited to represent Hitachi again during the 2014 IndyCar Series season,” said Castroneves. “We were so close to winning a championship together last year. Through hard work and their continued support, I believe an even better season is on the horizon for us.”
Castroneves will first race in the Hitachi colors at the Firestone Grand Prix of St. Petersburg, the season-opening event for the 18-race IndyCar Series season that begins on Sunday, March 30. In addition to serving as an associate sponsor for the No.3 Team Penske Dallara/Chevrolet, Hitachi will also serve as an associate sponsor on the No. 2 Dallara/Chevrolet driven by Juan Pablo Montoya and the No. 12 Verizon Dallara/Chevrolet driven by Will Power in 2014.
“Through our collaboration with Team Penske we have been able to transfer both technology and application experience from racing components into production vehicles that are on the road today. The relationship in 2013 with both Team Penske and Chevrolet has truly been a collaborative partnership,” said Rob Sharpe, Vice President of Sales and Marketing for Hitachi Automotive Systems Americas, Inc. “We are thrilled to continue this relationship in 2014,” said Sharpe.
The relationship between Team Penske and Hitachi began at the start of the 2012 IndyCar season. In 2013, Hitachi grew to become a primary sponsor on the No. 3 Team Penske machine driven by Castroneves at select IndyCar Series races. In addition to being a part of a number of race wins, pole positions and podium finishes since the start of the relationship, Castroneves has become a true brand ambassador for the company through a very focused and integrated branding, digital and social media perspective.
“One of our goals at Penske Racing is to create true, integrated global partners for our race teams,” said Roger Penske. “Hitachi Automotive Systems and the Hitachi Group have certainly represented this type of partnership with Team Penske. Working closely with Chevrolet on the fuel injection systems on our IndyCars, Hitachi has been instrumental in many of our race wins, but our relationship extends far beyond what you see on the racetrack."
“The 2014 sponsorship will provide Hitachi Group companies ‘as a whole’ with the opportunity to leverage the tremendous branding and social media value for Hitachi’s more than 70 companies in North America as well as globally for Hitachi,” said Lauren Raguzin, Director, Branding and Corporate Communications, Hitachi America, Ltd., a wholly-owned subsidiary of Hitachi, Ltd.
“Partnering with such well-established and successful entities like Team Penske and Helio Castroneves puts Hitachi in a strong position as we continue to refine our new global brand business strategy around Hitachi’s Social Innovation Business," said Raguzin.
“Helio is a great representative of Hitachi and the multiple group companies that continue to leverage this impactful relationship receive tremendous value on so many levels,” said Sharpe.
In 2014, the Hitachi primary sponsorship for the No. 3 machine driven by Brazilian-native Castroneves in the IndyCar Series will be for races in St. Petersburg, Fla; Detroit; Newton, Iowa; Long Pond, Pa.; Lexington, Ohio; Milwaukee; Sonoma, Calif.
As part of its branding strategy, Hitachi will continue enhancing its Hitachi Motorsports microsite and Hitachi Motorsports Facebook page, so racing enthusiasts should stay tuned for some exciting content enhancements and promotions supporting the sponsorship in 2014.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
About Hitachi America, Ltd.
Hitachi America, Ltd. headquartered in Tarrytown, New York, a subsidiary of Hitachi, Ltd., and its subsidiary companies offer a broad range of electronics, power and industrial equipment and services, automotive products and consumer electronics with operations throughout the Americas. For more information, visit www.hitachi-america.us. For more information on other Hitachi Group companies in the United States, please visit http://www.hitachi.us/.
About Hitachi Automotive Systems Americas, Inc.
Hitachi Automotive Systems Americas, Inc., a subsidiary of Hitachi America, Ltd., manufactures, remanufactures and markets a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems for all major automotive original equipment manufacturers and aftermarket customers worldwide, providing leadership within Hitachi Automotive Systems’ global operations as the regional headquarters in the Americas. The company is headquartered in Harrodsburg, KY. For more information, please visit www.hitachi-automotive.us.
About Penske Racing
Penske Racing is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have produced 384 major race wins, 437 pole positions and 25 National Championships. The team has also earned 15 Indianapolis 500 victories in its storied history. For more information about Team Penske, please visit www.teampenske.com.
Contacts
Lauren Raguzin
Hitachi America, Ltd.
914-333-2986
Cell: 201-566-4972
Alexandra Alexeeva
Hitachi America, Ltd.
914-333-2988
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
28 January 2014
-- 9 Companies in Japan and 49 Companies in Other Countries --
Tokyo, January 28, 2014 -- Mitsubishi Heavy Industries, Ltd. (TSE:7011/”MHI”) and Hitachi, Ltd. (TSE:6501/”Hitachi”) today announced that Mitsubishi Hitachi Power Systems, Ltd. (MHPS) , the new company to be established by the business integration centered on the thermal power generation systems of MHI and Hitachi in tandem with the launch on February 1, 2014, will launch 58 MHPS group companies (nine companies in Japan and 49 companies in other countries). Among them, four companies, including MHPS, will be newly established, and 30 companies will simultaneously undergo a change of their corporate name. MHPS will closely collaborate with each group company and aims to be No.1 in the world in thermal power generation systems.
A list of the 58 group companies is attached.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 2,817.8 billion yen in fiscal 2012, the year ended March 31, 2013. MHI’s diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space systems and air-conditioning systems.
For more information, please visit the MHI website: http://www.mhi.co.jp/en/index.html
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Attachment: List of Mitsubishi Hitachi Power Systems (MHPS) Group Company
(More than 50% shares owned by MHPS)
Parent Company: Mitsubishi Hitachi Power Systems, Ltd.
| MHPS Group Company | Present company name | Location |
|---|---|---|
| Mitsubishi Hitachi Power Systems Europe, Ltd. | Mitsubishi Power Systems Europe, Ltd. | UK |
| MH Power Systems Engineering Vienna GmbH | MHI Engineering Vienna GmbH | Austria |
| MH Power Systems Belgium NV | MHI Power Systems Europe Belgium NV | Belgium |
| Maintenance Partners NV | Same as on the left | Belgium |
| Maintenance Partners Belgium NV | Same as on the left | Belgium |
| Maintenance Partners Wallonie SA | Same as on the left | Belgium |
| Maintenance Partners the Netherlands B.V. | Same as on the left | The Netherlands |
| Eric Spoor Consultants B.V. | Same as on the left | The Netherlands |
| Electromotorenfabriek Zuid-Nederland B.V. | Same as on the left | The Netherlands |
| MH Power Systems Romania, S.R.L. | MHI Power Systems Europe Romania, LLC | Romania |
| Mitsubishi Hitachi Power Systems Europe GmbH | Hitachi Power Europe GmbH | Germany |
| Meeraner Dampfkesselbau GmbH | Same as on the left | Germany |
| Donges Steeltec GmbH | Same as on the left | Germany |
| MH Power Systems Europe Service GmbH | Hitachi Power Europe Service GmbH | Germany |
| MHPS Group Company | Present company name | Location |
|---|---|---|
| MHI Power Systems Saudi Arabia, LLC (Company name will be changed later to MH Power Systems Saudi Arabia, LLC) | Same as on the left | Saudi Arabia |
| MHI Power Systems Middle East, LLC (Company name will be changed later to MH Power Systems Middle East, LLC) | Same as on the left | U.A.E. |
| MHI Power Systems Middle East for Manufacturing Parts and Machinery, LLC (Company name will be changed later to MH Power Systems Middle East for Manufacturing Parts and Machinery, LLC) | Same as on the left | U.A.E. |
| MH Power Systems Egypt LLC | MHI Power Systems Egypt LLC | Egypt |
| Maintenance Partners Morocco SARL | Same as on the left | Morocco |
| Mitsubishi Hitachi Power Systems Africa (Pty) Ltd. | Hitachi Power Africa (Pty) Ltd. | South Africa |
| MHPS Group Company | Present company name | Location |
|---|---|---|
| Mitsubishi Power Systems India Private Limited (Company name will be changed later in line with parent company name) | Same as on the left | India |
| MHI Power Systems Project (Thailand) Co., Ltd | Same as on the left | Thailand |
| Mitsubishi Hitachi Power Systems (Thailand) Ltd. | Mitsubishi Power Systems (Thailand) Ltd. | Thailand |
| Mitsubishi Hitachi Power Systems Precision Casting Co., Ltd. | Mitsubishi Heavy Industries Precision Casting Co., Ltd. | Japan |
| Mitsubishi Hitachi Power Systems Engineering Co., Ltd. | MHI Plant Engineering Co., Ltd. | Japan |
| Mitsubishi Hitachi Power Systems Inspection Technologies, Ltd. | MHI Power Systems Inspection Technologies, Ltd. | Japan |
| MHPS Control Systems Co., Ltd. | MHI Control Systems Co., Ltd. | Japan |
| Mitsubishi Hitachi Power Systems Gas Turbine Service Co., Ltd. | MHI Gas Turbine Service Co., Ltd. | Japan |
| Babcock-Hitachi K. K. | Same as on the left | Japan |
| Bab-Hitachi Industrial Co. | Same as on the left | Japan |
| Bab-Hitachi Business Corporation | Same as on the left | Japan |
| MH Power Systems Korea, Ltd. | Respective thermal power generation systems business units of Mitsubishi Heavy Industries Korea Ltd. and Hitachi Korea, Ltd. | Korea |
| Mitsubishi Hitachi Power Systems Asia Pacific Pte. Ltd. | Respective thermal power generation systems business units of Mitsubishi Heavy Industries Engineering & Service Private Ltd. and Hitachi Asia, Ltd. | Singapore |
| Dalian Hitachi Machinery & Equipment Co., Ltd. | Same as on the left | China |
| Mitsubishi Heavy Industries Jieneng (Qingdao) Steam Turbine Co., Ltd. (Company name will be changed later in line with parent company name) | Same as on the left | China |
| Mitsubishi Heavy Industries BFG Gas Turbine Service (Nanjing) Co., Ltd. (Company name will be changed later in line with parent company name) | Same as on the left | China |
| Mitsubishi Heavy Industries Dongfang Gas Turbine (Guangzhou) Co., Ltd. (Company name will be changed later in line with parent company name) | Same as on the left | China |
| Babcock-Hitachi (Hangzhou) Environmental Equipment Co., Ltd. | Same as on the left | China |
| MHPS Technical Services Corporation | MHI Technical Services Corporation | The Philippines |
| Babcock-Hitachi (Philippines) Inc. | Same as on the left | The Philippines |
| PT. MH Power Systems Indonesia | PT. MPS Indonesia | Indonesia |
| MHPS Group Company | Present company name | Location |
|---|---|---|
| Clyde Babcock-Hitachi (Australia) Pty Ltd | Same as on the left | Australia |
| BREAKER ELECTRICAL PTY, LTD. | Same as on the left | Australia |
| Mitsubishi Hitachi Power Systems Australia Pty. Ltd. | Thermal power generation systems business unit of Hitachi Australia Pty Ltd. | Australia |
| MHPS Group Company | Present company name | Location |
|---|---|---|
| Mitsubishi Hitachi Power Systems Canada, Ltd. | Hitachi Power Systems Canada, Ltd. | Canada |
| MHPS Canada, Inc. | MPS Canada, Inc. | Canada |
| Power Generation Services, Inc. | Same as on the left | U.S.A. |
| Mechanical Dynamics & Analysis, Ltd. | Same as on the left | U.S.A. |
| Mohawk Labor Services, LLC | Same as on the left | U.S.A. |
| Turbo Parts, LLC | Same as on the left | U.S.A. |
| Mitsubishi Hitachi Power Systems America – Energy and Environment, Ltd. | Hitachi Power Systems America, Ltd. | U.S.A. |
| Mitsubishi Hitachi Power Systems Americas, Inc. | Mitsubishi Power Systems Americas, Inc. | U.S.A. |
| CCT Solutions, LLC | Same as on the left | U.S.A. |
| MHPS Puerto Rico, LLC | MPS-PR, LLC | U.S.A. |
| Mitsubishi Hitachi Power Systems de Mexico, S.A. de C.V. | Thermal power generation systems business unit of Mitsubishi Heavy Industries de Mexico S.A. de C.V | Mexico |
| MH Power Systems de Venezuela, C.A. | HITACHI DE VENEZUELA, C.A. | Venezuela |
| CBC Industrias Pesadas S.A. | Same as on the left | Brazil |
Press Contacts:
Hitachi, Ltd.
Keisaku Shibatani
Tel: +81-3-5208-9324 (Direct)
Mitsubishi Heavy Industries, Ltd.
Tel: +81-3-6716-2168 (Direct)
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
28 January 2014
Tokyo, January 28, 2014 -- Mitsubishi Heavy Industries, Ltd. (TSE:7011/”MHI”) and Hitachi, Ltd. (TSE:6501/”Hitachi”) today announced that they have decided on the official corporate logotype and logomark of Mitsubishi Hitachi Power Systems, Ltd., the new company set for launch on February 1, 2014, through the business integration centered on the thermal power generation systems of both companies.
Official logotype
Official logomark
The logomark features the two letters “M” and “H” in a bold and solid typeface, conjoined, to symbolize the power, sense of responsibility and strong solidarity between MHI and Hitachi to come from the merging of their thermal power generation systems operations. The curved red stroke signifies the Earth’s surface and is meant to suggest global expansion, its rising trajectory an expression of robust growth potential. The choice of red was made to imply the passion, i.e. energy, of this new company dedicated to supporting people’s lives through power generation systems.
Mitsubishi Hitachi Power Systems will pursue synergy by the integration of the two companies’ power generation systems operations, each with long histories and strong traditions, and accelerate its global expansion, at the same time building an efficient and stable business operation base. By fully leveraging comprehensive capabilities of MHI and Hitachi and maximizing synergistic and mutually complementary benefits with respect to technologies and products, Mitsubishi Hitachi Power Systems aims to be No.1 in the world in thermal power generation systems.
About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 2,817.8 billion yen in fiscal 2012, the year ended March 31, 2013. MHI’s diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space systems and air-conditioning systems.
For more information, please visit the MHI website below:
http://www.mhi.co.jp/en/index.html
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Press Contacts:
Hitachi, Ltd.
Keisaku Shibatani
Tel: +81-3-5208-9324 (Direct)
Mitsubishi Heavy Industries, Ltd.
Tel: +81-3-6716-2168 (Direct)
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
4 February 2014
Tokyo, February 4, 2014 – Hitachi, Ltd. (TSE:6501; “Hitachi”) today announced that it will establish the new Health Care Group effective April 1, 2014, in an effort to build a framework for swiftly supporting a broad range of needs in the diversifying global healthcare field. The Health Care Group will be formed as Hitachi’s seventh group. It will comprise the new Health Care Company, which will be established by realigning and integrating healthcare-related businesses that had previously been spread out among Hitachi’s in-house companies, along with Hitachi’s group companies such as Hitachi Medical Corporation (“Hitachi Medical”). Establishing the Health Care Group will facilitate the concentration of Hitachi Group’s business resources and unify customer solutions within the Hitachi Group. In doing so, Hitachi will enhance its ability to propose solutions that answer the needs of the diversifying healthcare market with the view to bolstering its global competitiveness.
Under the 2015 Mid-Term Management Plan drafted in May 2013, Hitachi will develop the Social Innovation Business, a business that will “Identify issues from customer perspectives and work on solutions together with customers, as ‘One Hitachi,’” and “Realize innovations by providing solutions that combine products, services and highly sophisticated IT (Cloud),” with the aim of driving growth in the global market.
Hitachi views the healthcare sector as an important one in which the Hitachi Group expand the Social Innovation Business, given that it is a sector where there are various challenges to be dealt with, such as aging populations in developed countries and improvement of medical standards in emerging countries, and that it is a sector expected to grow as a future market. In October 2013, Hitachi newly established a Healthcare Business Strategy Division to devise a business strategy in the healthcare sector for the entire group. Furthermore, by no later than April 2014, Hitachi plans to make Hitachi Medical, a manufacturer of medical equipment including diagnostic ultrasound equipment and magnetic resonance imaging (MRI) equipment, into a wholly-owned subsidiary. The goal is to expand solution businesses in the healthcare field such as by unifying customer solutions within the Hitachi Group.
Hitachi will establish the new Health Care Group, thereby reorganizing the existing six-group system into one made up of seven groups to strengthen Hitachi’s market driven management. This reorganization will also facilitate the concentration of the Hitachi Group’s business resources such as strategy formation and sales functions in the healthcare field. By integrating management, Hitachi will be able to quickly offer a wide range of optimal solutions to diversifying healthcare needs, including for medical checkups, medical testing, medical diagnosis and medical treatment, along with at-home medical treatment services and home care services.
Going forward, the Hitachi Group will offer solutions combining advanced medical equipment, services and IT, delivering them as “One Hitachi.” Hitachi will globally expand its healthcare business, with the aim of driving further growth.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Press Contacts:
Japan
Tamie Nagamoto
Hitachi, Ltd. +81-3-5208-9323
USA
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
4 February 2015
Tokyo, February 4, 2014 – Hitachi, Ltd. (TSE: 6501; “Hitachi”) today announced that it determined, at the meeting of the Board of Directors held today, to repurchase its own shares, pursuant to its Articles of Incorporation in accordance with Article 459, paragraph 1 of the Companies Act of Japan.
1. Purpose of Repurchase
As announced in Hitachi’s news release “Hitachi and Hitachi Medical Announce Share Exchange as Method of Making Hitachi Medical a Wholly-Owned Subsidiary of Hitachi” on January 30, 2014, Hitachi has decided to implement a share exchange with Hitachi to be the wholly-owning parent company and Hitachi Medical Corporation (TSE: 6910; “Hitachi Medical”) to be the wholly-owned subsidiary (the “Share Exchange”). Hitachi will repurchase its own shares in order to allot them to all or part of shares which Hitachi allots to Hitachi Medical shareholders related to the Share Exchange.
2. Outline of Repurchase
- Class of shares to be repurchased: Common stock of Hitachi, Ltd.
- Aggregate number of shares to be repurchased: Up to 5 million shares
(0.10% of the number of outstanding shares (excluding treasury stocks)) - Aggregate amount of repurchase: Up to 5,000 million yen
- Period of repurchase: From February 5, 2014 to March 31, 2014
- Method of repurchase: Purchase at market
(Reference)Treasury stocks held by Hitachi as of December 31, 2013
- Number of outstanding shares (excluding treasury stocks): 4,830,131,241 shares
- Number of treasury stocks: 3,332,146 shares
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com .
Press Contacts:
Japan
Tamie Nagamoto
Hitachi, Ltd.
+81-3-5208-9323
USA
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.
4 February 2014
Tokyo, February 4, 2014 --- Hitachi, Ltd. (TSE:6501) today announced the following organization changes and executive changes in accordance with a resolution passed by a meeting of the Board of Directors.
1. Organization Changes [Effective April 1, 2014]
- Hitachi Group Headquarters for Post-earthquake Reconstruction and Redevelopment will be discontinued.
- Healthcare Business Strategy Division will be discontinued, and Health Care Group and Health Care Company will be established.
2. Executive Changes
(1) Promotion [Effective April 1, 2014]
* Executives are listed by position and in Japanese alphabetical order of surname within each grouping.
Tatsuro Ishizuka
New Position:
Representative Executive Officer, Executive Vice President and Executive Officer, President & CEO of Power Systems Group, President & CEO of Infrastructure Systems Group, CTrO, and Deputy General Manager of Smart Transformation Project Initiatives Division
Current Position:
Senior Vice President and Executive Officer, in charge of Business Incubation, President & CEO of Power Systems Group and Power Systems Company, CTrO, and Deputy General Manager of Smart Transformation Project Initiatives Division
Yutaka Saito
New Position:
Representative Executive Officer, Executive Vice President and Executive Officer, President & CEO of Information & Telecommunication Systems Group and Information & Telecommunication Systems Company
Current Position:
Senior Vice President and Executive Officer, President & CEO of Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
Ryuichi Kitayama
New Position:
Representative Executive Officer, Senior Vice President and Executive Officer, CMO, and General Manager of Corporate Sales & Marketing Group
Current Position:
Vice President and Executive Officer, Deputy General Manager of Corporate Sales & Marketing Group, and Project Leader of Sales Operations Transformation Project, Smart Transformation Project Initiatives Division
(2) Reappointment [Effective April 1, 2014]
Masahiro Kitano
New Position:
Senior Vice President and Executive Officer, President & CEO of Health Care Group and Health Care Company
Current Position:
President and CEO, and Director, Hitachi Medical Corporation
Kaichiro Sakuma
New Position:
Vice President and Executive Officer, Vice President of Information & Telecommunication Systems Company, Information & Telecommunication Systems Group, and Representative Director, President and Chief Executive Officer of Hitachi Solutions, Ltd.
Current Position:
Representative Director, President and Chief Executive Officer of Hitachi Solutions, Ltd.
(3) New Appointment [Effective April 1, 2014]
Kenichi Kokubo
New Position:
Vice President and Executive Officer, Chief Executive for China
Current Position:
Chief Executive for China
Yoshitaka Tsuda
New Position:
Vice President and Executive Officer, CMO of Information & Telecommunication Systems Company, Information & Telecommunication Systems Group, and General Manager of Sales Management & Accounting Division Group, Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
Current Position:
CMO of Information & Telecommunication Systems Company, Information & Telecommunication Systems Group, and General Manager of Sales Management & Accounting Division Group, Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
Hidenobu Nakahata
New Position:
Vice President and Executive Officer, CHRO, and General Manager of Human Capital Group
Current Position:
Deputy General Manager of Human Capital Group
Katsumi Nagasawa
New Position:
Vice President and Executive Officer, President & CEO of Power Systems Company, Power Systems Group
Current Position:
General Manager of Hitachi Works, and CEO of Power & Industrial Systems, Medical Systems and Nuclear Equipment Division, Power Systems Company, Power Systems Group
(4) Changes of Position [Effective April 1, 2014]
* Underlined positions will be changed
Hiroaki Nakanishi
New Position:
Representative Executive Officer, Chairman & CEO
* Changes except for General Manager of Hitachi Group Headquarters for Post-earthquake Reconstruction and Redevelopment, Smart Transformation Project Initiatives Division, and Healthcare Business Strategy Division have been announced on January 8, 2014.
Current Position:
Representative Executive Officer and President, General Manager of Hitachi Group Headquarters for Post-earthquake Reconstruction and Redevelopment, Smart Transformation Project Initiatives Division, and Healthcare Business Strategy Division
Toshiaki Higashihara
New Position:
Representative Executive Officer, President & COO, and General Manager of Smart Transformation Project Initiatives Division
* Changes except for General Manager of Smart Transformation Project Initiatives Division have been announced on January 8, 2014>
Current Position:
Senior Vice President and Executive Officer, in charge of Medical Systems Business, President & CEO of Infrastructure Systems Group and Infrastructure Systems Company
Shinjiro Iwata
New Position:
Representative Executive Officer, Executive Vice President and Executive Officer, CIO, and General Manager of End-to-End Supply Chain Project Division
Current Position:
Representative Executive Officer, Executive Vice President and Executive Officer, President & CEO of Information & Telecommunication Systems Group, CIO, and General manager of End-to-End Supply Chain Project Division
Koji Tanaka
New Position:
Representative Executive Officer, Executive Vice President and Executive Officer, in charge of Strengthening of Products
Current Position:
Representative Executive Officer, Executive Vice President and Executive Officer, in charge of Power Systems Business, and Infrastructure Systems Business
Toshiaki Kuzuoka
New Position:
Representative Executive Officer, Senior Vice President and Executive Officer, General Counsel & Head of Corporate Communication, Head of Risk Management, General Manager of Legal and Communications Group, and General Manager of Risk Management Group
Current Position:
Representative Executive Officer, Senior Vice President and Executive Officer, General Counsel & Head of Corporate Communication, Head of Risk Management, General Manager of Legal and Communications Group, General Manager of Risk Management Group, and Deputy General Manager of Hitachi Group Headquarters for Post-earthquake Reconstruction and Redevelopment
Toshikazu Nishino
New Position:
Senior Vice President and Executive Officer, CSO, General Manager of Strategy Planning Division, and Deputy General Manager of End-to-End Supply Chain Project Division
Current Position:
Senior Vice President and Executive Officer, CSO, General Manager of Strategy Planning Division, General Manager of Business Planning Division, Healthcare Business Strategy Division, and Deputy General Manager of End-to-End Supply Chain Project Division
Kazuhiro Kurihara
New Position:
Vice President and Executive Officer, in charge of Marketing and Sales, General Manager of Social Innovation Business Project Division, Service Businesses Incubation Division, and Smart City Project Division
Current Position:
Vice President and Executive Officer, in charge of Marketing and Sales, and Medical Systems Business, General Manager of Social Innovation Business Project Division, Service Businesses Incubation Division, and Smart City Project Division
Keiji Kojima
New Position:
Vice President and Executive Officer, CTO, and General Manager of Research & Development Group
Current Position:
Vice President and Executive Officer, General Manager of Hitachi Research Laboratory, Research & Development Group
Kunizo Sakai
New Position:
Vice President and Executive Officer, President & CEO of Infrastructure Systems Company, Infrastructure Systems Group
Current Position:
Vice President and Executive Officer, CEO of Plant Systems, Infrastructure Systems Company, Infrastructure Systems Group
Keiichi Shiotsuka
New Position:
Vice President and Executive Officer, CEO of Systems & Service Business, Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
Current Position:
Vice President and Executive Officer, CEO of Services Deployment Business, Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
Hiroshi Nakayama
New Position:
Vice President and Executive Officer, Head of MONOZUKURI & Quality Assurance
Current Position:
Vice President and Executive Officer, President & CEO of Rail Systems Company, Infrastructure Systems Group
Masaya Watanabe
New Position:
Vice President and Executive Officer, in charge of Global Service Business Promotion of Information & Telecommunication Systems Business, Chairman of Hitachi Information & Telecommunication Systems Global Holding Corporation, and Chairman of Hitachi Consulting Corporation
Current Position:
Vice President and Executive Officer, CSO and CIO of Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
(5) Resignation [Effective March 31, 2014]
Shigeru Azuhata, currently Representative Executive Officer, Executive Vice President and Executive Officer, in charge of Medical Systems Business, CTO, and General Manager of Research & Development Group
* Scheduled to be appointed Fellow of Hitachi, Ltd., effective April 1, 2014.
Nobuo Mochida, currently Representative Executive Officer, Executive Vice President and Executive Officer, in charge of High Functional Materials & Components, and Automotive Systems Business, Head of MONOZUKURI & Quality Assurance
* Scheduled to be appointed Associate of Hitachi, Ltd., effective April 1, 2014.
* Mr. Mochida will be proposed as a Director candidate at Hitachi’s Ordinary General Meeting of Shareholders in June 2014, and, upon approval at the Meeting, Mr. Mochida will assume the position of Director.
Masahide Tanigaki, currently Representative Executive Officer, Senior Vice President and Executive Officer, CMO, and General Manager of Corporate Sales & Marketing Group
* Scheduled to be appointed Chairman of the Board, Hitachi-GE Nuclear Energy, Ltd., effective April 1, 2014.
Naoki Mitarai, currently Vice President and Executive Officer, CHRO, General Manager of Human Capital Group, and Project Leader of Headquarters Transformation Project and Global Human Resources Transformation Project, Smart Transformation Project Initiatives Division
* Scheduled to be appointed Senior Vice President and Executive Officer, Hitachi High-Technologies Corporation, effective April 1, 2014.
Yoshihiko Mogami, currently Vice President and Executive Officer, Vice President of Information & Telecommunication Systems Company, and CEO of System Solutions Business, Information & Telecommunication Systems Company, Information & Telecommunication Systems Group
* Scheduled to be appointed Senior Vice President and Executive Officer, Hitachi Transport System, Ltd., effective April 1, 2014.
For more information, please click here http://www.hitachi.com/New/cnews/f_140204b.pdf
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com .
Press Contacts:
Japan
Yoji Maruo
Hitachi, Ltd.
+81-3-5208-9324
USA
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
Hitachi in Canada
At Hitachi, green and digital innovation drives our mission as climate change innovators. Converging operational and information technologies, Hitachi is addressing societal and environmental challenges, shaping a greener, brighter tomorrow for all.