HITACHI LOOKING TO SELL ITS SUBSIDIARY HITACHI METALS LTD.

Highlights –

• Hitachi looking to sell its subsidiary Hitachi Metals Ltd.
• Hitachi is in talks with U.S private equity fund Bain Capital for the same.
• Hitachi will also negotiate with Japan Industrial Partners Inc. for the sale.
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HITACHI LTD. TO BUY U.S GLOBALLOGIC INC. FOR $9.6 BILLION

Highlights –

• Hitachi Ltd. to buy U.S GlobalLogic Inc. for $9.6 billion.
• The acquisition is said to strengthen Hitachi’s digital operations in its wide range of business.
• Previously the deal was expected to close by end of July 2...

JAPANESE COMPANIES INTRODUCING EARLY RETIREMENT GREW IN FISCAL 2020

Highlights –

• Japanese companies introducing early retirement grew in fiscal 2020.
• An independent survey was conducted by a research firm to study the above.
• Early retirement was offered by 72 listed companies as of Oct.29.
• ...

TOKYO STOCKS OPENED LOWER ON MONDAY

Highlights –

• Tokyo stocks opened lower on Monday.
• The 225-issue Nikkei Stock Average lost 156.53 points.
• Topix index of all First Section issues on the TSE was down at 7.79 points.
• Stock issues saw a decline in securities ...

HITACHI ANNOUNCES ABOLISHMENT OF ‘HANKO’ SEALS FOR INTERNAL PAPERWORK BY 2022

Highlights –

• Hitachi announces the abolishment of ‘hanko’ seals for internal paperwork by 2022.
• It intends to do so by March 2022 and also reduce paper copies by 70 percent.
• The company also intends to slash the number of ...

JOINT DEVELOPMENT OF HYDROGEN POWERED TRAINS BY TOYOTA, HITACHI, AND EAST JR CO.

Highlights –

• Joint development of Hydrogen powered trains by Toyota, Hitachi, and East JR Co.
• Toyota will develop the fuel cell power unit on the test train.
• Hitachi will produce a hybrid drive system that supplies electric power.

HITACHI LTD. CONFIRMS EXIT FROM THE NUCLEAR POWER PLANT PROJECT IN BRITAIN

Highlights –

• Hitachi Ltd. confirms exit from the nuclear power plant project in Britain.
• The Tokyo based company will exit the $28 billion project deal.
• Hitachi was to construct two reactors on the island of Anglesey in northern Wales...

HITACHI LTD. TO WITHDRAW ITS PLAN OF BUILDING A NEW NUCLEAR POWER PLANT IN BRITAIN

Highlights –

• Hitachi Ltd. to withdraw its plan of building a new nuclear power plant in Britain.
• The Tokyo based company determined that resuming work would be impossible.
• The official decision will be made at a board meeting on Sept...

HITACHI SETS UP NEW ELECTRIC MOTOR BUSINESS IN U.S.

Highlights

• This new company will operate from Hitachi Automotive Systems' existing office and manufacturing facilities located in Berea City

• The complete production is likely to commence in 2022, though dependant on the effects of COVID-19

• Ac...

HITACHI AND BOMBARDIER GRAB A DEAL TO SUPPLY HIGH SPEED TRAINS IN SPAIN

Highlights –

• Hitachi and Bombardier grab a deal to supply high-speed trains in Spain.
• 23 high-speed trains will be delivered to an Italian railway operator Trenitalia.
• The train will be around 200 meters in length and have the capaci...

HITACHI LTD. TO SCRAP ITS REMNANT SENIORITY-BASED PAY NORM

Highlights –

• Hitachi Ltd. to scrap its remnant seniority-based pay norm.
• The company needs to align pay at home with overseas operations.
• Currently, Hitachi is focused on infrastructure and related digital services.
• Hitach...

HOYA AND HITACHI ANNOUNCE LONG TERM TECHNICAL COLLABORATION

HIGHLIGHTS

• HOYA Corporation and Hitachi, Ltd. have signed a five year contract to strengthen technical collaboration.
• This collaboration is regarding EUS.

HOYA Corporation and Hitachi, Ltd. have signed a five year contract regarding ...