Search result for Hitachi
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. <...
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...
HITACHI TO ACQUIRE US-BASED SOFTWARE DEVELOPER GLOBALLOGIC FOR $9.6 BN
Highlights
• This decision has been taken in order to expand from electronics hardware to digital services and the company is aiming to close the transaction by the end of July
• Courtesy of this announcement, stock of Japanese conglomerate plunged over 7% at one poi...
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 ...
Hitachi’s High-Tech End to End Railway Solutions for India.
Indian Railways, established in April 1853, has undertaken a huge modernization drive in recent decades, with the Union Government marking almost $60 for further expansion every year. With around 41% of the country’s population expected to live in urban areas by 2030, mobility requirements ...
Hitachi learns from substantial loss
After reporting a massive loss 10 years ago, Hitachi, Ltd. has been actively involved in corporate restructuring. President Toshiaki Higashihara shares his dream for the business for this instalment of Leaders, a column of corporate management and senior executives.
Hitachi's net lo...