MIRA INFORM REPORT

 

 

Report Date :

25.10.2013

 

IDENTIFICATION DETAILS

 

Name :

HITACHI CHEMICAL CO LTD     

 

 

Registered Office :

7F, Grantokyo South Tower  1-9-2, Marunouchi Chiyoda-Ku, 100-6606

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

07.06.1950

 

 

Legal Form :

Public Subsidiary

 

 

Line of Business :

Subject is engaged in the manufacture, process and sale of functional materials, advanced components and systems.

 

 

No. of Employees :

17,732

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

japan - ECONOMIC OVERVIEW

 

In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.

 

Source : CIA

 

 


Company name and address

 

HITACHI CHEMICAL CO LTD                 

 

7F, Grantokyo South Tower  1-9-2, Marunouchi Chiyoda-Ku, 100-6606

Japan

 

 

Tel:

81-3-55337000

Fax:

81-3-55337077

 

www.hitachi-chem.co.jp

 

Employees:

17,732

Company Type:

Public Subsidiary

Corporate Family:

1060 Companies

Ultimate Parent:

Hitachi, Ltd.

Traded:

Tokyo Stock Exchange:

4217

Incorporation Date:

07-Jun-1950

Auditor:

Ernst & Young ShinNihon LLC

Financials in:

USD (In Millions)

Fiscal Year End:

31-Mar-2013

Reporting Currency:

Japanese Yen

Annual Sales:

5,600.2  1

Net Income:

226.8

Total Assets:

5,079.0  2

Market Value:

3,221.8

 

(11-Oct-2013)

    

 

Business Description

      

 

Hitachi Chemical Company, Ltd. is mainly engaged in the manufacture, process and sale of functional materials, advanced components and systems. The Functional Materials provides electronic materials such as semiconductor die bonding materials and epoxy molding compounds, electrical insulating varnishes; inorganic materials such as carbon products and ceramic products; resin materials such as adhesive films, films for display circuit connections and adhesives; wiring board materials such as copper clad laminates and photo-sensitive films. The Advanced Component and System offers auto parts such as resin molded articles, friction materials and powder metallurgy products; storage devices and systems such as vehicle batteries and industrial batteries and systems; electronic components including circuit boards; other products such diagnostic equipment. For the three months ended 30 June 2013, Hitachi Chemical Co Ltd revenues increased 1% to Y119.2B. Net income increased 63% to Y8.16B. Revenues reflect Functional Materials Business segment increase of 4% to Y65.51B. Net income benefited from Functional Materials Business segment income increase of 13% to Y6.78B. Basic Earnings per Share excluding Extraordinary Items increased from Y24.00 to Y39.17.

 

 

Industry          

 

 

Industry

Paint, Coating, and Adhesive Manufacturing

ANZSIC 2006:

1915 - Adhesive Manufacturing

ISIC Rev 4:

2029 - Manufacture of other chemical products n.e.c.

NACE Rev 2:

2052 - Manufacture of glues

NAICS 2012:

32552 - Adhesive Manufacturing

UK SIC 2007:

2052 - Manufacture of glues

US SIC 1987:

2891 - Adhesives and Sealants

 

                      

 

Key Executives     

 

Name

Title

Kazuyuki Tanaka

Executive President, Representative Executive Officer, Director

Masamichi Saito

Director in charge of Law Affairs

Hiroki Sashima

Executive Officer Manufacturing and Purchasing

Takashi Kawamura

Independent Chairman of the Board of Directors

Yoshihiro Nomura

Senior Managing Executive Officer, Representative Executive Officer, Chairman of Subsidiary, Director

      

 

                                          

Significant Developments

 

Topic

#*

Most Recent Headline

Date

Corporate Litigation

1

Hitachi Chemical Co Ltd Announces Filing Of Patent Infringement Lawsuit Against Korean Company Over Anisotropic Conductive Film

28-Feb-2013

Dividends

2

Hitachi Chemical Co Ltd to Pay Year-end Dividend for FY 2013

29-May-2013

Debt Ratings

1

R&I Affirms Hitachi Chemical Company, Ltd.'s Rating at "A+"; Rating Outlook Stable

25-Oct-2012

* number of significant developments within the last 12 months    

 

 

          

News     

 

Title

Date

SPHERICAL PHOSPHOR, SEALING MATERIAL FOR WAVELENGTH-CONVERSION-TYPE SOLAR BATTERIES, SOLAR BATTERY MODULE, AND PROCESS FOR MANUFACTURE OF THOSE
European Patents (139 Words)

21-Oct-2013

NEGATIVE ELECTRODE MATERIAL FOR LITHIUM ION SECONDARY BATTERY, METHOD FOR MANUFACTURING SAME, NEGATIVE ELECTRODE FOR LITHIUM ION SECONDARY BATTERY,...
European Patents (246 Words)

21-Oct-2013

ANTIFOULING COATING COMPOSITION, ANTIFOULING COATING FILM, AND METHOD OF PREVENTING FOULING OF BASE
European Patents (74 Words)

21-Oct-2013

METHOD OF ANALYZING BIOCHEMICAL
European Patents (47 Words)

21-Oct-2013

Research Frontiers, Inc. at CraigHallum Alpha Select Conference - Final
FD (Fair Disclosure) Wire (4819 Words)

21-Oct-2013

Circuit connection material, circuit member connecting structure and method of connecting circuit member
U.S. Patents (128 Words)

21-Oct-2013

 

 

Financial Summary     

 

As of 30-Jun-2013

 

Key Ratios

Company

Industry

Current Ratio (MRQ)

2.27

2.18

Quick Ratio (MRQ)

1.81

1.35

Debt to Equity (MRQ)

0.16

0.82

Sales 5 Year Growth

-5.81

6.26

Net Profit Margin (TTM) %

4.84

10.56

Return on Assets (TTM) %

4.88

8.26

Return on Equity (TTM) %

7.45

22.07

 

 

 

Stock Snapshot

 

Traded: Tokyo Stock Exchange: 4217

 

As of 11-Oct-2013

   Financials in: JPY

Recent Price

1,517.00

 

EPS

82.87

52 Week High

1,809.00

 

Price/Sales

0.68

52 Week Low

996.00

 

Dividend Rate

36.00

Avg. Volume (mil)

0.56

 

Price/Earnings

14.71

Market Value (mil)

316,089.60

 

Price/Book

1.03

 

 

 

Beta

0.95

 

Price % Change

Rel S&P 500%

4 Week

-10.08%

-10.97%

13 Week

-8.39%

-8.02%

52 Week

50.80%

-10.07%

Year to Date

17.41%

-15.68%

 

1 - Profit & Loss Item Exchange Rate: USD 1 = JPY 82.97047
2 - Balance Sheet Item Exchange Rate: USD 1 = JPY 94.08855

 

 

Corporate Overview

 

Location
7F, GRANTOKYO SOUTH TOWER
1-9-2, Marunouchi
Chiyoda-Ku, 100-6606
Japan

 

Tel:

81-3-55337000

Fax:

81-3-55337077

 

www.hitachi-chem.co.jp

Quote Symbol - Exchange

4217 - Tokyo Stock Exchange

Sales JPY(mil):

464,655.0

Assets JPY(mil):

477,880.0

Employees:

17,732

Fiscal Year End:

31-Mar-2013

 

Industry:

Chemical Manufacturing

Incorporation Date:

07-Jun-1950

Company Type:

Public Subsidiary

Quoted Status:

Quoted

 

Executive President, Representative Executive Officer, Director:

Kazuyuki Tanaka

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1915

-

Adhesive Manufacturing

1813

-

Basic Inorganic Chemical Manufacturing

2439

-

Other Electrical Equipment Manufacturing

2429

-

Other Electronic Equipment Manufacturing

 

ISIC Rev 4 Codes:

2029

-

Manufacture of other chemical products n.e.c.

2790

-

Manufacture of other electrical equipment

2610

-

Manufacture of electronic components and boards

2011

-

Manufacture of basic chemicals

 

NACE Rev 2 Codes:

2052

-

Manufacture of glues

2790

-

Manufacture of other electrical equipment

2013

-

Manufacture of other inorganic basic chemicals

2611

-

Manufacture of electronic components

 

NAICS 2012 Codes:

32552

-

Adhesive Manufacturing

334419

-

Other Electronic Component Manufacturing

335991

-

Carbon and Graphite Product Manufacturing

334412

-

Bare Printed Circuit Board Manufacturing

334416

-

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing

325180

-

Other Basic Inorganic Chemical Manufacturing

 

US SIC 1987:

2891

-

Adhesives and Sealants

3675

-

Electronic Capacitors

2819

-

Industrial Inorganic Chemicals, Not Elsewhere Classified

3624

-

Carbon and Graphite Products

3672

-

Printed Circuit Boards

3679

-

Electronic Components, Not Elsewhere Classified

 

UK SIC 2007:

2052

-

Manufacture of glues

2790

-

Manufacture of other electrical equipment

2013

-

Manufacture of other inorganic basic chemicals

2611

-

Manufacture of electronic components

 

 

 

Business Description

 

Hitachi Chemical Company, Ltd. is mainly engaged in the manufacture, process and sale of functional materials, advanced components and systems. The Functional Materials provides electronic materials such as semiconductor die bonding materials and epoxy molding compounds, electrical insulating varnishes; inorganic materials such as carbon products and ceramic products; resin materials such as adhesive films, films for display circuit connections and adhesives; wiring board materials such as copper clad laminates and photo-sensitive films. The Advanced Component and System offers auto parts such as resin molded articles, friction materials and powder metallurgy products; storage devices and systems such as vehicle batteries and industrial batteries and systems; electronic components including circuit boards; other products such diagnostic equipment. For the three months ended 30 June 2013, Hitachi Chemical Co Ltd revenues increased 1% to Y119.2B. Net income increased 63% to Y8.16B. Revenues reflect Functional Materials Business segment increase of 4% to Y65.51B. Net income benefited from Functional Materials Business segment income increase of 13% to Y6.78B. Basic Earnings per Share excluding Extraordinary Items increased from Y24.00 to Y39.17.

 

More Business Descriptions

Processing of synthetic resin products; electrical machinery, automobiles, housing materials

Chemical Mfr

Hitachi Chemical Co., Ltd. (Hitachi Chemical), a subsidiary of Hitachi, Ltd. undertakes the production and distribution of electronic related products and advanced performance products. The company offers semiconductor related materials, epoxy molding compounds, liquid encapsulants, display and optics-related materials and printed wiring boards, among others. The company operates its business in two reportable segments, namely, Functional Materials and Advanced Components and Systems segments. In Functional Materials segment, the company focuses on four businesses, namely, Electronic Materials, Inorganic Materials, Polymer Science Materials, and Printed Wiring Board Materials. The company, through its Electronics Related Products business, offers semiconductor and display related materials such as slurry for chemical mechanical planarization; heat-resistant fine polymers; die bonding materials; epoxy molding compounds; anisotropic conductive films for displays and light guides for liquid crystal displays. It also offers printed wiring boards and related products such as multilayer printed wiring boards; multiwire boards; flexible printed wiring boards; package substrates; copper-clad laminates for printed wiring boards; copper-clad laminates with inner layer circuits; photosensitive dry films for printed wiring boards and plating chemicals for printed wiring boards. The company is also involved in offering carbon anode materials for lithium ion batteries and capacitors. These products are used extensively in industries such as semiconductor, automobile, information technology and telecommunications. The company has been manufacturing anisotropic conductive films, ANISOLM, used to connect electronic components. For the fiscal year 2013, the Functional Materials segment generated revenue of JPY245,157m, indicating an increase of 2% over 2012. The segment accounted for 52.8% of the company’s total revenue during the fiscal year ended 2013. Through Advanced Components and Systems segment, the company undertakes Advanced Product business, Electronic Components business and Other businesses. It offers various products which include industrial materials such as electrical insulating varnishes; solder resists; conformal coating resins; alkyd resins; acrylic resins; amino resins; alkyl phenol resins; furan resins; epoxy resin hardeners; specialty chemicals; shell molding resins; phenolic resin molding compounds; molds for high-voltage insulation; adhesive road sign materials; FRP molding compounds and automotive parts, such as interior and exterior plastic molded products; molded plastic rear door modules; planar antennas for millimeter-wave radar; disc brake pads; drum brake units; brake shoes, brake linings; and flexible graphite gasket materials. The segment also provides carbon and ceramic products; advanced functional films and other related products. For the fiscal year 2013, the Advanced Components and Systems segment generated revenue of JPY219,498m, indicating a decrease of 5.7% over that for 2012. The segment accounted for 47.2% of the company’s total revenue during the fiscal year ended 2013. The company operates a research center and an overseas office in China, as well as a number of branches, sale offices and R&D centers in Japan. The company operates manufacturing facilities in Japan, China, Malaysia, Taiwan, the US and Mexico. Hitachi Chemical owns and manages several domestic and international subsidiaries. Some of the key subsidiaries of the company include Hitachi Chemical Research Center, Inc., Hitachi Chemical Europe GmbH, Hitachi Chemical DuPont Micro Systems L.L.C., Hitachi Chemical (Suzhou) Co., Ltd., Hitachi Chemical (Malaysia) Sdn. Bhd. and Bioclone Australia Pty Ltd., among others. Geographically, the company operates through three segments, namely, Japan, Asia and Other areas. For fiscal year 2013, the company contributed 53.3% of the total net sales from Japan, followed by 40.6% from Asia, and 6.1% from Other areas. In April 2013, the company has been selected as a constituent company in the FTSE4Good Index Series, one of the world’s leading indices of companies demonstrating strong ESG performance. In March 2013, the company’s subsidiary, Hitachi Chemical (Nantong) Co., Ltd. commenced operation of its new manufacturing and sales base for the functional resin and chemical material businesses in China. In February 2013, Hitachi Chemical and Shin-Kobe Electric Machinery Co., Ltd. entered into an agreement to transfer and integrate Shin-Kobe’s sales, business planning, and research & development operations into Hitachi Chemical.

Hitachi Chemical Co., Ltd. (Hitachi Chemical) carries out the manufacture and sale of advanced performance and electronic related products. Hitachi, Ltd., the parent company of Hitachi Chemical, holds 51.2% of the total share of the company. The company’s product portfolio includes semiconductor and display related materials; printed wiring boards and related products; industrial materials; carbon and ceramic; automotive parts; and advanced functional films. The company owns and operates manufacturing facilities in Japan, China, Malaysia, Taiwan, the US and Mexico, among others. Through its subsidiaries and affiliated companies, the company distributes products in Japan and other parts of Asia, Europe and the US. Hitachi Chemical is headquartered in Tokyo, Japan. The company focuses on emerging markets such as Taiwan, China, Mexico and India for global expansion, and development of new products and businesses to augment its growth prospects in future. It also intends to provide superior technologies, products and services that contribute to the betterment of human life and society. It also seeks to maintain its existing partnerships and to enter into new collaborative agreements to augment its services.The company reported revenues of (Yen) JPY 464,655.00 million during the fiscal year ended March 2013, a decrease of 1.78% from 2012. The operating profit of the company was JPY 27,241.00 million during the fiscal year 2013, an increase of 4.34% over 2012. The net profit of the company was JPY 18,818.00 million during the fiscal year 2013, an increase of 14.56% over 2012.

Hitachi Chemical Company, Ltd., a Japan-based manufacturer, has three business divisions, including the electronics-related products division, which manufactures and sells semiconductor- and display-related materials, printed-circuit boards and materials for PCBs, and other products, such as carbon negative electrode materials for lithium-ion batteries and capacitors; a functional material-related product division, engaged in the manufacture and sale of carbon ceramics, automobile parts, functional films and industrial materials, such as resins, vanish for electrical insulation, solder masks and resin hardeners. This division also offers other products, encompassing metal ceramic products, accumulator batteries and materials for casting. And the housing equipment and environmental facility division provides bathtubs, build-in kitchens, prefabricated baths, gas and petroleum equipment, bathroom vanities and others. The company was founded in 1912, a company researching electrical insulating materials for electrical machinery. Headquartered in Tokyo, it has 60 subsidiaries and 10 associated companies.

 

 

 

Financial Data

 

Financials in:

JPY(mil)

 

Revenue:

464,655.0

Net Income:

18,818.0

Assets:

477,880.0

Long Term Debt:

28,053.0

 

Total Liabilities:

170,901.0

 

Working Capital:

161.5

 

 

 

Date of Financial Data:

31-Mar-2013

 

1 Year Growth

-1.8%

14.6%

8.4%

 

 

Market Data

 

Quote Symbol:

4217

Exchange:

Tokyo Stock Exchange

Currency:

JPY

Stock Price:

1,517.0

Stock Price Date:

10-11-2013

52 Week Price Change %:

50.8

Market Value (mil):

316,089,600.0

 

SEDOL:

6429126

ISIN:

JP3785000005

 

Equity and Dept Distribution:

FY'94'02 WAS estimated. 6/03&04&05 WAS estiamted, o/s=WAS. 12/03&04 WAS, o/s estimated. 12/05 WAS&o/s estimated. 3/06 earning adj. & DPS estimated. FY'08 1Q WAS = o/s.FY'08 Q3 DWAS was estimated, WAS=O/S.

 

 

Subsidiaries

 

Company

Percentage Owned

Country

Hitachi Chemical (Yantai) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Chemical Coated Sand Co Ltd

100%

JAPAN

Hitachi Battery Sales & Service Co Ltd

100%

JAPAN

Shin-Kobe Electric Machinery Co Ltd

100%

JAPAN

Japan Brake Industrial Co Ltd

100%

JAPAN

Hitachi Storage Battery (Dongguan) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Chemical Asia-Pacific Pte Ltd

100%

SINGAPORE

Hitachi Chemical International Co (Taiwan) Ltd

100%

TAIWAN

Hitachi Chemical Techno Service Co Ltd

100%

JAPAN

Hitachi Chemical Mexico SA de CV

100%

MEXICO

Hitachi AIC Inc

100%

JAPAN

Hitachi Kasei Polymer Co Ltd

100%

JAPAN

Hitachi Chemical Automotive Products Co Ltd

100%

JAPAN

Namie Hitachi Chemical Co Ltd

100%

JAPAN

Hitachi Chemical Filtec Inc

100%

JAPAN

Hitachi Kasei Business Service Co Ltd

100%

JAPAN

Hitachi Kasei Shoji Co Ltd

100%

JAPAN

Hitachi Chemical (Johor) Sdn Bhd

100%

MALAYSIA

Hitachi Chemical (Malaysia) Sdn Bhd

100%

MALAYSIA

Hitachi Chemical Co (Taiwan) Ltd

100%

TAIWAN

Hitachi Chemical Electronic Materials (Korea) Co Ltd

100%

SOUTH KOREA

Bioclone Australia Pty Ltd

100%

AUSTRALIA

Hitachi Powdered Metals (Singapore) Pte Ltd

100%

SINGAPORE

Hitachi Chemical Automotive Products (Thailand) Co Ltd

100%

THAILAND

Hitachi Chemical Co (Hong Kong) Ltd

100%

HONG KONG SAR

Hitachi Chemical Diagnostics Inc

100%

USA

Hitachi Powdered Metals (USA) Inc

100%

USA

Hitachi Chemical Research Center Inc

100%

USA

Hitachi Chemical Co America Ltd

100%

USA

Hitachi Chemical Europe GmbH

100%

GERMANY

Foshan J B Automotive Products Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Beijing Hitachi Control Systems Co Ltd

80%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Chemical (Shanghai) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Powdered Metals (Dongguan) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Chemical (Dongguan) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Chemical (Suzhou) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Chemical (Singapore) Pte Ltd

 

SINGAPORE

Hitachi Powdered Metals Co Ltd

100%

JAPAN

 

 

Shareholders

 

Major Shareholders

Hitachi Ltd (51.2%)

 

 

Key Corporate Relationships

 

Auditor:

Ernst & Young ShinNihon LLC

 

Auditor:

Ernst & Young ShinNihon LLC, Ernst & Young ShinNihon LLC

 

 

 

The Strategic Initiatives report is created using technology to extract meaningful insights from analyst reports about a company's strategic projects and investments. More about Strategic Initiatives

 

Strategic Initiatives

 

 

Planning

North Africa, abundant with cheap feedstock is alluring and will prove to be lucrative to set up export-oriented production facilities. Algeria, rich in oil reserves, is poised for expansions in petrochemicals by 2013. The company could benefit by carrying out certain strategic investments in the African region.strategic initiativesThe company implemented certain strategic initiatives that are aimed at enhancing its business operations and existing product line. This could help the company maintain its competitive position in the industry. In March 2013, the company’s subsidiary, Hitachi Chemical (Nantong) Co.

 

Resource Management

 

The broad and diversified product portfolio enables the company to serve a number of customer segments. Neverthless, the increasing demand for automotive semiconductor market, along with expansion of manufacturing facilities across various regions could provide growth opportunities for the company. However, the increasing debt along with stringent environmental regulations and increased competition could hamper the company's operational performance.Synergy with Hitachi, Ltd.Support from its parent company benefits Hitachi Chemical with global exposure and enables it to pursue appropriate growth strategy. Hitachi Chemical is a subsidiary of Hitachi, Ltd., a global diversified company that specializes in the manufacture and sale of electronic and electrical products worldwide.

 

Sales and Distribution

 

entered into an agreement to transfer and integrate Shin-Kobe’s sales, business planning, and research & development operations into Hitachi Chemical. Shin-Kobe will become a manufacturing company of Hitachi Chemical, specializing in the product development and design functions. In January 2013, Hitachi Chemical decided to install a new film manufacturing line as a part of plans to establish a mass production system for Transparent Conductive Transfer Film, a material used in touch panels. This initiative would help the company to meet the increasing demand of transparent conductive films for touch panels in laptop and desktop computers in addition to smartphones and tablet computers. In Janyary 2013, the company decided to expand the production capacity at its US subsidiary Hitachi Powdered Metals (USA), Inc. and to establish a powder metal products machining facility on the site of its Mexican subsidiary.

 

, Ltd. and Hitachi Chemical Filtec Inc. Integrating the sales and development departments of the two companies into Hitachi Chemical would enhance the technical development and marketing capacity of the company. In September 2012, Hitachi Chemical entered into collaboration with A*STAR's Institute of Microelectronics in Singapore to carry out joint research for high performance material technologies to support thin wafer processing for 3D integrated circuit (IC) packaging. Through this research collaboration, Hitachi Chemical would leverage A*STAR's advanced 3D IC process capabilities to enhance material technologies that can support the demanding requirements of thin wafer processing and enable the industry to move to high-volume production of 3D ICs. In May 2012, the company's Chinese subsidiary, Hitachi Powdered Metals (Dongguan) Co.

 

and Hitachi Chemical Filtec Inc. Integrating the sales and development departments of the two companies into Hitachi Chemical would enhance the technical development and marketing capacity of the company. In September 2012, Hitachi Chemical entered into collaboration with A*STAR's Institute of Microelectronics in Singapore to carry out joint research for high performance material technologies to support thin wafer processing for 3D integrated circuit (IC) packaging. Through this research collaboration, Hitachi Chemical would leverage A*STAR's advanced 3D IC process capabilities to enhance material technologies that can support the demanding requirements of thin wafer processing and enable the industry to move to high-volume production of 3D ICs. In May 2012, the company's Chinese subsidiary, Hitachi Powdered Metals (Dongguan) Co., Ltd.

 

 

Strengths/Weaknesses (SWOT)

 

 

Helpful
to achieving the objective

Harmful
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

·        Synergy with Hitachi, Ltd.

·        Wide Geographical Operations

·        Diversified Product Portfolio

·        Extensive Technology Platform

Weaknesses

·        Litigation Claims

·        Increased Debt

External Origin
(attributes of the environment)

Opportunities

·        Africa – Attractive Destination for Chemical Firms

·        Growing Automotive Semiconductor Market

·        Strategic Initiatives

Threats

·        Raw Material Procurement Risks

·        Stringent Regulations

·        Competitive Pressure

 

 

Overview

 

Hitachi Chemical Co., Ltd. (Hitachi Chemical) is a diversified chemical company. It manufactures semiconductor related materials, epoxy molding compounds, display and optics-related materials, liquid encapsulants, and printed wiring boards. Extensive technology platform gives the company an edge over its competitors. The broad and diversified product portfolio enables the company to serve a number of customer segments. Neverthless, the increasing demand for automotive semiconductor market, along with expansion of manufacturing facilities across various regions could provide growth opportunities for the company. However, the increasing debt along with stringent environmental regulations and increased competition could hamper the company's operational performance.

 

 

Strengths

 

Synergy with Hitachi, Ltd.

Support from its parent company benefits Hitachi Chemical with global exposure and enables it to pursue appropriate growth strategy. Hitachi Chemical is a subsidiary of Hitachi, Ltd., a global diversified company that specializes in the manufacture and sale of electronic and electrical products worldwide. The products and services manufactured by the company find applications in various market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. Hitachi operates in Asia, North America, Latin America and European regions. Hitachi Chemical benefits considerably from the technological expertise of its parent company. The company also benefits through synergies with the parent company in research and development, technological know-how, business strategies and project implementation experience.

Wide Geographical Operations

A wide geographical presence helps the company mitigate the various risks associated with the over dependence on a particular market. The company carries out the manufacturing, marketing and sales of semiconductor products worldwide. The company also has its manufacturing facilities in the US, China, Malaysia, Singapore, Mexico, Germany, Hong Kong, Taiwan, Korea, Thailand and Australia. Geographically, the company operates through three segments, namely, Japan, Asia and Other areas. During fiscal year 2013, the company generated 53.3% of the total net sales from Japan, followed by 40.6% from Asia, and 6.1% from Other areas. The wide geographical reach aids the group in catering to different emerging markets. Also, a diverse revenue stream limits the group’s exposure to the risks associated with a particular region.

 

Diversified Product Portfolio

Through its diversified products, the company strives to meet its customers’ ever changing needs and expectations successfully. The product portfolio supports Hitachi Chemical’s innovation process, besides enhancing its revenue. It also enables the company to cater to the needs of a diversified customer base. The company classifies its operations into two business segments: Functional Materials segment and Advanced Components and Systems. In 2013, the company generated 52.7% of the total revenue from Functional Materials segment and 47.2% from Advanced Components and Systems business segment. The Functional Materials segment offers semiconductor and display related materials such as slurry for chemical mechanical planarization, heat resistant fine polymers, die bonding materials, epoxy molding compounds; saturated polyester and epoxy resigns and electric insulating materials; functional films such as advanced films for display and semiconductor related products, foam products and food wraps; and others such as carbon anode materials for lithium ion batteries and capacitors. The Advanced Components and Systems segment of Hitachi Chemical provides industrial materials such as electrical insulating varnishes, solder resists, acrylic resins and epoxy resin hardeners; carbon and ceramics such as carbon brushes, glass like carbon products and alumina ceramics; automotive parts such as brake shoes, brake linings and disc brake pads; advanced functional films such as adhesive films and food wrapping films; and others such as power supply units, golf carts and materials for foundries.

 

Extensive Technology Platform

An extensive technology platform enabled Hitachi Chemical to operate more efficiently in the highly competitive chemical industry. Hitachi Chemical extended the scope of its activities through the combination, harmonization and borderless expansion of these technology platforms. The three main technology platforms include material technology, process technology and evaluation technology. Material Technology includes molecular and particle design; organic and inorganic synthesis; purification, extraction and growth; and nanotechnology. Process Technology covers molding, impregnation and coating, lamination, dispersion and micro interconnection. The Evaluation Technology includes material property evaluation, package assembly and reliability evaluation. The company through its strong research and development activities launched various products such as insulating varnishes, industrial laminates, porcelain insulators and carbon brushes. In 2011, the company received an award for semiconductor bonding technology that enables more compact and larger capacity electronic devices. Its technology could enable it to increase revenue by producing more advanced and customized products in future.

 

 

Weaknesses

 

Litigation Claims

The company is subjected to variety of litigations and regulatory investigation and actions in connection with the company’s operations. Lawsuits, including regulatory actions, may seek recovery of large, indeterminate amounts or otherwise limit its operations, and their existence and magnitude may remain unknown for substantial periods of time. In the recent past, Hitachi Chemical was involved in litigations with companies including H&SHighTech Corporation, K.C. Tech Co., Ltd. and INNOX Corporation, among the others. The defense of lawsuits would eventually divert the long term focus and also incur significant expenses. Hitachi Chemical will also be required to pay damage awards and is also subject to equitable remedies that adversely affect the financial performance and results of operations

Increased Debt

For the fiscal year ended March 2013, the company recorded total debt of JPY48,440m, indicating an increase of 16.4% over the debt for 2012. Its total long-term debt was nearly JPY 28,053m. This could impair its ability to obtain financing for working capital, capital expenditure or general corporate purposes, especially if the ratings assigned to its debt securities by rating organizations were revised downward. It could restrict the flexibility of the company in responding to changing market conditions and make it more vulnerable during times of slowdown. Another major consequence of the debt is that the company would need to allocate a substantial portion of the cash flow from operations to pay the principal and interest on debt, thereby reducing funds, which could be used for expansion through acquisitions, expansion of product offerings and for marketing.

 

 

Opportunities

 

Africa – Attractive Destination for Chemical Firms

The company could benefit from the untapped markets of Africa. Although, globalization has opened up new investment opportunities in the emerging regions such as China and India, the potential of Africa still remains comparatively untapped owing to its political instability. However, some of the chemical companies, with long term vision, have shown interest in the region hoping to cope with the challenges being offered by different countries in the region. Few of the major global players have already set their eyes on this region and commenced their operations. South Africa has a lot of potential to become a hub of chemical production and has already started forging links with foreign companies. North Africa, abundant with cheap feedstock is alluring and will prove to be lucrative to set up export-oriented production facilities. Algeria, rich in oil reserves, is poised for expansions in petrochemicals by 2013. The company could benefit by carrying out certain strategic investments in the African region.

 

Growing Automotive Semiconductor Market

 

Growth in the semiconductor market will increase the demand for the products of Hitachi Chemical. The company has the opportunity to increase its revenue in the growing automotive semiconductor market. The increasing demand for Energy Efficient Vehicles with Safety and Comfort Systems provides market opportunities in the automotive semiconductors industry. With the increasing electronic content in the areas of safety, the usage of automotive semiconductors will be high and the market for automotive semiconductors will increase until 2015. The sales revenue of the automotive semiconductors is expected to increase from $22.52 billion in 2010 to $32.66 billion by the end of 2015. The increase in the use of electronics in the automobile industry to produce environmentally friendly and fuel efficient vehicles is expected to increase the demand for automotive semiconductors.

 

Strategic Initiatives

The company implemented certain strategic initiatives that are aimed at enhancing its business operations and existing product line. This could help the company maintain its competitive position in the industry. In March 2013, the company’s subsidiary, Hitachi Chemical (Nantong) Co., Ltd. commenced operation of its new manufacturing and sales base for the functional resin and chemical material businesses in China. This expansion would help the company to meet the demand for the functional resins and chemical materials used in building material, automotive coatings, material for food packaging, as well as electronic devices such as smartphones is expanding, and these markets are growing at a pace of 8% per year. In February 2013, Hitachi Chemical and Shin-Kobe Electric Machinery Co., Ltd. entered into an agreement to transfer and integrate Shin-Kobe’s sales, business planning, and research & development operations into Hitachi Chemical. Shin-Kobe will become a manufacturing company of Hitachi Chemical, specializing in the product development and design functions. In January 2013, Hitachi Chemical decided to install a new film manufacturing line as a part of plans to establish a mass production system for Transparent Conductive Transfer Film, a material used in touch panels. This initiative would help the company to meet the increasing demand of transparent conductive films for touch panels in laptop and desktop computers in addition to smartphones and tablet computers. In Janyary 2013, the company decided to expand the production capacity at its US subsidiary Hitachi Powdered Metals (USA), Inc. and to establish a powder metal products machining facility on the site of its Mexican subsidiary. These initiatives would help the company to meet the increased North American demand for its powder metal products for automobiles. In January 2013, Hitachi Chemical through its subsidiary Hitachi Chemical (Chongqing) Co., Ltd established a new site for slit-processing in Chongqing, China and commenced its operation in order to expand business in photosensitive dry films for forming circuits on printed wiring boards. In November 2012, the company decided to absorb and integrate the sales and development departments of Hitachi Kasei Polymer Co., Ltd. and Hitachi Chemical Filtec Inc. Integrating the sales and development departments of the two companies into Hitachi Chemical would enhance the technical development and marketing capacity of the company. In September 2012, Hitachi Chemical entered into collaboration with A*STAR's Institute of Microelectronics in Singapore to carry out joint research for high performance material technologies to support thin wafer processing for 3D integrated circuit (IC) packaging. Through this research collaboration, Hitachi Chemical would leverage A*STAR's advanced 3D IC process capabilities to enhance material technologies that can support the demanding requirements of thin wafer processing and enable the industry to move to high-volume production of 3D ICs. In May 2012, the company's Chinese subsidiary, Hitachi Powdered Metals (Dongguan) Co., Ltd. (HPMD), constructed a new factory within its existing site to enhance production capacity for increasing demand from the Chinese auto market. During the same month, the company's Thai subsidiary, Japan Brake (Thailand) Co., Ltd. decided to build a second friction materials plant in Thailand. In April 2012, the company acquired Nitto Denko Corporation's semiconductor encapsulating materials business. During the same month, the company's subsidiary, Hitachi Chemical (Yantai) Co., Ltd., started the mass production of anode materials to expand its business in the area of carbon anode materials for lithium ion batteries in China. In March 2012, the company merged its subsidiaries, Hitachi Chemical Coated Sand Co., Ltd. and Hitachi Chemical Industrial Materials Co., Ltd. to form Hitachi Kasei Techno Service Co., Ltd., to increase the quality of complementary operations of the Group business facilities. During the same month, the company established an automotive carbon brush manufacturing plant within its Thai subsidiary's site. The company's subsidiary, Hitachi Chemical Electronic Materials (Hong Kong) Limited, invested around one billion yen to improve its facilities for manufacturing copper-clad laminates used in printed wiring boards for semiconductor packages. The company's subsidiary, Hitachi Powdered Metals (Thailand) Co., Ltd. constructed a second powder metal products plant in Thailand.

 

 

 

Threats

 

Raw Material Procurement Risks

The increasing prices of raw materials could affect the company’s business. Raw material prices constitute a significant part of the production cost of the company. Hitachi Chemical uses petrochemical products as raw materials for many of its products. The prices of petrochemical products are influenced by fluctuations in crude oil prices. High crude oil prices and refinery margins have increased prices of petroleum products. Competition also limits the option of increasing product prices to compensate for the higher production costs. In addition, the continuous supply of the raw materials could be affected by weather conditions, national emergencies, strikes, governmental controls, natural disasters, supply shortages or other events. Thus, price fluctuations and non-availability of these raw materials may have a material effect on the product costs and the operations of the company.

 

Stringent Regulations

The company could be affected by the environmental regulations governing the global chemical industry. Its business activities are subject to various regulations in the countries in which Hitachi Chemical operates. The regulations include legal obligations related to foreign investment, competition, trade, intellectual properties, exchange rates, taxes, environment and recycling. The company must abide by these regulations and spend on more efficient technologies to pursue pollution emission standards, which could add to the costs. If the company fails to comply with these environmental regulations, it may face heavy fines. As the world is fighting against the global warming, more and stringent environmental regulations could be initiated by governments. The cost of adhering to new regulations may increase the company’s expenses and decrease its profits substantially.

 

Competitive Pressure

Increased competition may lead the company to reduce its prices, which will negatively affect its margins. Hitachi Chemical operates in a highly competitive chemical industry. The company operates in a progressively more complex and challenging chemical marketplace whose dynamics are ever changing. Technological advances by any player in the market could render its present or future products obsolete or uneconomical. The existing market includes companies of varying sizes; some more specialized than the company with respect to particular markets, and some with greater financial resources than Hitachi Chemical. The company competes in this evolving marketplace on the basis of many factors, including price, quality, innovation, service, reputation, distribution and promotion.

 

 

Corporate Family      

 

Corporate Structure News:

Total Corporate Family Members: 1060


Excluded Small Branches and/or Trading Addresses: 55 (Available via export)

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Hitachi, Ltd.

Parent

Chiyoda-Ku

Japan

Computer and Peripheral Equipment Manufacturing

108,967.3

326,240

Hitachi Transport System, Ltd.

Subsidiary

Koto-Ku

Japan

Trucking

6,598.9

22,793

Vantec Corporation

Subsidiary

Kawasaki

Japan

Travel and Reservation Services

1,539.5

5,399

Vantec Europe Ltd.

Subsidiary

Sunderland

United Kingdom

Road Transportation Services

40.0

587

Vantec World Transport (S) Pte Ltd

Subsidiary

Singapore

Singapore

Road Transportation Services

16.6

95

Vantec World Transport (Netherlands) B.V.

Subsidiary

Luchthaven Schiphol, Noord-Holland

Netherlands

Trucking

 

38

Sakae Unyu Company Limited

Subsidiary

Hyogo

Japan

Trucking

 

30

Vantec Logistics Mexico, S.A. De C.V.

Subsidiary

Aguascalientes, Aguascalientes

Mexico

Road Transportation Services

0.8

26

Tokiwa Kaiun Company Limited

Subsidiary

Yokohama, Kanagawa

Japan

Trucking

 

22

Vantec Hts Forwarding,Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Road Transportation Services

401.4

 

Vantec East Logistics Corporation

Subsidiary

Hiki-Gun, Saitama

Japan

Trucking

242.5

 

Vantec Kyushu Co.Ltd.

Subsidiary

Miyako-Gun, Fukuoka

Japan

Trucking

157.1

 

Vantec World Transport (H.K.) Limited

Subsidiary

Kwai Chung, New Territories

Hong Kong

Road Transportation Services

47.7

 

Vantec World Transport (Guangzhou) Co., Ltd.

Subsidiary

Guangzhou, Guangdong

China

Road Transportation Services

5.0

30

Ikeda Unyu Company Limited

Subsidiary

Yokohama, Kanagawa

Japan

Road Transportation Services

 

 

LITI Research & Development Inc.

Subsidiary

Sapporo

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

TCC Service Company Limited

Subsidiary

Tokyo

Japan

Employment Services

 

 

VZ Butsuryu Corporation

Subsidiary

Saitama

Japan

Motor Vehicle Repair and Maintenance

 

 

Logimate Corporation

Subsidiary

Saitama

Japan

Trucking

 

 

Vantec Central Logistics Corporation

Subsidiary

Yokohama, Kanagawa

Japan

Trucking

 

 

Nissan LT Kyushu Corporation

Subsidiary

Fukuoka

Japan

Trucking

 

 

Shonan Vantec Corporation

Subsidiary

Yokohama, Kanagawa

Japan

Trucking

 

 

Vantec Tokai Logistics Corporation

Subsidiary

Nagoya, Aichi

Japan

Trucking

 

 

Vantec East Japan Logistics Corporation

Subsidiary

Tochigi

Japan

Trucking

 

 

Vantec RF Solutions Corporation

Subsidiary

Tokyo

Japan

Software

 

 

Vantec Metropolitan Logistics Corporation

Subsidiary

Yokohama, Kanagawa

Japan

Trucking

 

 

Carter Logistics, LLC

Subsidiary

Anderson, IN

United States

Consulting Services

180.6

1,100

Kanto Hitachi Transport Service Co., Ltd.

Subsidiary

Saitama, Saitama

Japan

Trucking

303.2

631

Hitachi Transport System (Europe) B.V.

Subsidiary

Waardenburg

Netherlands

Consulting Services

75.0

263

Hitachi Transport System (Asia) Pte. Ltd.

Subsidiary

Singapore

Singapore

Consulting Services

 

110

Manila International Freight Forwarders, Inc.

Subsidiary

Paranaque, Metro Manila

Philippines

Consulting Services

2.8

60

Hitachi Transport System (America), Ltd.

Subsidiary

Torrance, CA

United States

Consulting Services

73.6

18

Hitachi Transport System

Branch

Burlingame, CA

United States

Road Transportation Services

3.0

14

Hitachi Transport System

Branch

Elk Grove Vlg, IL

United States

Road Transportation Services

3.0

13

Hitachi Transport System

Branch

Elgin, IL

United States

Road Transportation Services

2.3

10

Hitachi Transport System

Branch

Powder Springs, GA

United States

Road Transportation Services

2.2

10

Hitachi Transport System

Branch

Carson, CA

United States

Road Transportation Services

2.1

10

Hitachi Transport System (Europe) GmbH

Subsidiary

Hamburg

Germany

Consulting Services

 

15

Hitachi Transport Systems (France) S.A.R.L.

Subsidiary

Ardon

France

Consulting Services

 

13

Hitachi Transport Systems S.A.R.L.

Subsidiary

Compans

France

Consulting Services

 

8

Hitachi Transport System (UK) Ltd.

Subsidiary

Basingstoke

United Kingdom

Consulting Services

 

7

Nishinippon Hitachi Transport Service Co, Ltd.

Subsidiary

Osaka, Osaka

Japan

Trucking

384.0

 

Shutoken Hitachi Transport Service Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

281.4

 

Chubu Hitachi Transport Service Co.,Ltd.

Subsidiary

Nagoya, Aichi

Japan

Trucking

279.0

 

Higashi Nihon Hitachi Butsuryu Sabisu K.K.

Subsidiary

Hitachi, Ibaraki

Japan

Trucking

265.6

 

Hitachi Collabonext Transport System Co., Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

257.6

 

Hitachi Finenext Transport System Co., Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

206.6

 

Kyushu Hitachi Transport Service Co.,Ltd.

Subsidiary

Kasuya-Gun, Fukuoka

Japan

Trucking

189.5

 

Nisshin Transportation Co., Ltd.

Subsidiary

Osaka, Osaka

Japan

Travel and Reservation Services

172.7

 

Nisshin Trans Consolidator Co., Ltd.

Subsidiary

Osaka, Osaka

Japan

Postal, Shipping and Messengers

60.2

 

Hitachi Auto Service. Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Motor Vehicle Wholesale

159.4

 

Hitachi Distribution Software Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Computer Programming

145.7

 

Hitachi Butsuryu Frontier K.K.

Subsidiary

Hitachi, Ibaraki

Japan

Trucking

143.5

 

Hitachi Direx Transport System Co., Ltd.

Subsidiary

Sapporo, Hokkaido

Japan

Trucking

132.3

 

Minamikanto Hitachi Transport Service Co., Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Trucking

129.9

 

Hitachi Orientlogi Transport System Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

123.1

 

Hitachi Travel Bureau, Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Travel and Reservation Services

37.5

 

Eternity Grand Logistics PCL

Subsidiary

Tambol Bangsaothong, Samutprakarn

Thailand

Trucking

33.0

 

Hitachi Transport System (M) Sdn. Bhd.

Subsidiary

Petaling Jaya

Malaysia

Consulting Services

29.9

 

Hitachi Transport System (Shanghai), Ltd

Subsidiary

Shanghai

China

Consulting Services

 

 

Hitachi Transport System (Thailand), Ltd.

Subsidiary

Tambol

Thailand

Consulting Services

 

 

Hitachi Transport System (Hong Kong) Ltd.

Subsidiary

Hong Kong, Shatin

Hong Kong

Consulting Services

 

 

Hitachi Sistema de Transporte Mexico, S.A. de C.V.

Subsidiary

Tijuana

Mexico

Consulting Services

 

 

EHB Logistics Co., Ltd.

Subsidiary

Shenzhen

China

Consulting Services

 

 

Hitachi Distribution Software (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Consulting Services

 

 

Hitachi Xinxin Global Logistics (Henan) Co., Ltd

Subsidiary

Zhengzhou, Heana

China

Consulting Services

 

 

Nisshin Transportation (Qingdao) Co., Ltd.

Subsidiary

Qingdao

China

Consulting Services

 

 

Nisshin Transportation (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Consulting Services

 

 

Nisshin Unyu (SHANGHAI) Co., Ltd.

Subsidiary

Shanghai

China

Consulting Services

 

 

Shanghai Bondex Nisshin Logistics Co., Ltd.

Subsidiary

Shanghai, Nanhui

China

Consulting Services

 

 

Shanghai Xiexin Customs Declaration Co., Ltd.

Subsidiary

Shanghai

China

Consulting Services

 

 

Suzhou Bondex Nisshin Logistic Co., Ltd.

Subsidiary

Suzhou, Jiangsu

China

Consulting Services

 

 

ESA s.r.o.

Subsidiary

Kladno

Czech Republic

Consulting Services

 

 

Hitachi Transport System India Pvt. Ltd.

Subsidiary

New Delhi

India

Consulting Services

 

 

HTS Forwarding Malaysia Sdn. Bhd.

Subsidiary

Petaling Jaya

Malaysia

Consulting Services

 

 

Miffi Logistics, Co. Inc.

Subsidiary

Laguna, Binan

Philippines

Consulting Services

 

 

TST Sunrise Service, Ltd.

Subsidiary

Tambol

Thailand

Consulting Services

 

 

Hitachi Transport System (Taiwan) Ltd.

Subsidiary

Taipei, Songshan

Taiwan

Consulting Services

 

 

Dahang International Transportation Co., Ltd.

Subsidiary

Shanghai

China

Consulting Services

 

 

Hitachi Collabonext Transport System Co., Ltd.

Subsidiary

Yokohama

Japan

Consulting Services

 

 

PT. Nisshin Kuwahara Indonesia

Subsidiary

Jakarta

Indonesia

Consulting Services

 

 

Hitachi Transport System (Australia) Pty. Ltd.

Subsidiary

Mount Waverley

Australia

Consulting Services

 

 

Flyjac Logistics Pvt. Ltd.

Subsidiary

Mumbai, Andheri

India

Consulting Services

 

 

Hitachi Transport Systeem (Nederland) BV

Subsidiary

Waardenburg

Netherlands

Consulting Services

 

 

Hitachi Travel Bureau Shanghai Co., Ltd.

Subsidiary

Shanghai

China

Consulting Services

 

 

Hitachi Transport System (Korea), Ltd.

Subsidiary

Seoul

Korea, Republic of

Consulting Services

 

 

Hitachi Construction Machinery Co., Ltd.

Holding

Bunkyo-Ku

Japan

Construction Machinery Manufacturing

9,308.8

20,440

PT. Hitachi Construction Machinery Indonesia

Subsidiary

Bekasi, West Java

Indonesia

Construction Machinery Manufacturing

 

1,870

PT Hexindo Adiperkasa Tbk

Subsidiary

Jakarta

Indonesia

Specialty Construction Trade Contractors

671.7

1,191

Hexindo Adiperkasa, Pt Tbk

Branch

Balikpapan, East Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

100

Hexindo Adiperkasa, Pt Tbk (Banjarmasin)

Subsidiary

Banjarmasin, South Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

45

Hexindo Adiperkasa, Pt Tbk (Samarinda)

Subsidiary

East Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

42

Hexindo Adiperkasa, Pt Tbk (Medan)

Subsidiary

Medan, North Sumatra

Indonesia

Specialty Construction Trade Contractors

 

35

Hexindo Adiperkasa, Pt Tbk

Subsidiary

Palembang, South Sumatra

Indonesia

Specialty Construction Trade Contractors

 

23

Hexindo Adiperkasa, Pt Tbk (Padang)

Subsidiary

Padang, West Sumatra

Indonesia

Specialty Construction Trade Contractors

 

20

Hexindo Adiperkasa, Pt Tbk (Batu Licin)

Subsidiary

South Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

20

Hexindo Adiperkasa, Pt Tbk (Sangatta)

Subsidiary

East Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

20

Hexindo Adiperkasa, Pt Tbk (Jambi)

Subsidiary

Jambi

Indonesia

Specialty Construction Trade Contractors

 

20

Hexindo Adiperkasa, Pt Tbk (Sampit)

Subsidiary

Central Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

14

Hexindo Adiperkasa, Pt Tbk (Tarakan)

Subsidiary

East Kalimantan

Indonesia

Specialty Construction Trade Contractors

 

13

Hitachi Construction Machinery (Australia) Pty Ltd

Subsidiary

Greystanes, NSW

Australia

Machinery Wholesale

588.9

830

Hitachi Construction Machinery Australia Pty. Ltd.

Subsidiary

Sydney, NSW

Australia

Machinery Wholesale

 

830

Hitachi Construction Machinery (Europe) NV

Subsidiary

Amsterdam

Netherlands

Machinery Wholesale

707.8

600

Heavy Construction Machinery Ltd.

Subsidiary

Hebburn

United Kingdom

Holding Companies

158.5

107

Heavy Machinery Group Holdings Ltd.

Subsidiary

Hebburn

United Kingdom

Miscellaneous Professional Services

 

5

Heavy Machinery Group Subsidiary Ltd.

Subsidiary

Hebburn

United Kingdom

Miscellaneous Professional Services

 

3

Heavy Machinery Group Ltd.

Subsidiary

Hebburn

United Kingdom

Holding Companies

 

 

Hitachi Construc Machinery Sales

Subsidiary

Boulogne Billancourt

France

Shipping and Water Transport

62.2

14

Hitachi Construction Machinery Southern Africa Company Limited

Subsidiary

Dunswart

South Africa

Machinery Wholesale

 

500

SCAI S.p.A

Subsidiary

Bastia Umbra, Perugia

Italy

Construction Machinery Manufacturing

182.3

193

Al.Ma.S. SRL

Subsidiary

Pace Del Mela, Messina

Italy

Shipping and Water Transport

2.5

6

Hitachi Construction Machinery (Thailand) Co., Ltd.

Subsidiary

Bangkok

Thailand

Construction Machinery Manufacturing

 

167

Hm Plant Ltd.

Subsidiary

Hebburn

United Kingdom

Machinery and Equipment Manufacturing

158.5

102

HM Plant Ltd.

UK Branch/Trading address

Ivybridge

United Kingdom

Professional and Commercial Equipment Wholesale

158.5

2

Hitachi Construction Machinery Asia And Pacific Pte. Ltd.

Subsidiary

Singapore

Singapore

Machinery Wholesale

1,019.2

90

Yungtay-Hitachi Construction Machinery Co., Ltd.

Subsidiary

Taoyuan

Taiwan

Machinery Wholesale

 

30

Hitachi Construction Machinery Middle East Corporation FZE

Subsidiary

Dubai

United Arab Emirates

Machinery Wholesale

 

30

Hitachi Construction Machinery Sales and Service France S.A.S.

Subsidiary

Boulogne-Billancourt

France

Industrial Machinery Repair and Maintenance

 

12

Hcl Co.,Ltd.

Subsidiary

Bunkyo-Ku, Tokyo

Japan

Commercial and Industrial Rental

115.9

8

Hitachi Construction Machinery Japan Co.,Ltd.

Subsidiary

Soka, Saitama

Japan

Specialty Construction Trade Contractors

1,770.4

 

Hitachi Construction Machinery Tierra Co.,Ltd.

Subsidiary

Koka, Shiga

Japan

Construction Machinery Manufacturing

570.9

 

Hitachi Construction Machinery Tierra Co.,Ltd.

Branch

Kadoma, Osaka

Japan

Construction Machinery Manufacturing

 

 

Hitachi Kenki Logistics Technology Co.,Ltd.

Subsidiary

Tsuchiura, Ibaraki

Japan

Shipping and Water Transport

520.9

 

Hitachi Construction Machinery Trading Co.,Ltd.

Subsidiary

Taito-Ku, Tokyo

Japan

Machinery Wholesale

387.8

 

Tadakiko Co.,Ltd.

Subsidiary

Funabashi, Chiba

Japan

Metal Products Manufacturing

109.6

 

Niigata Material,Ltd.

Subsidiary

Nagaoka, Niigata

Japan

Metal Products Manufacturing

53.0

 

CablePrice (NZ) Ltd.

Subsidiary

Lower Hutt

New Zealand

Motor Vehicle Wholesale

 

 

TCM France S.A.S.

Subsidiary

Genas

France

Construction Machinery Manufacturing

 

 

Hitachi Construction Machinery N.V.

Subsidiary

Bristol

United Kingdom

Machinery Wholesale

 

 

Hitachi Construction Machinery Mozambique Limited

Subsidiary

Tete

Mozambique

Machinery Wholesale

 

 

Hitachi Construction Machinery Eurasia Sales LLC

Subsidiary

Moscow

Russian Federation

Machinery Wholesale

 

 

Hitachi Metals, Ltd.

Subsidiary

Minato-Ku

Japan

Metal Products Manufacturing

6,457.5

18,056

Hitachi Cable Ltd

Subsidiary

Chiyoda-ku, JP

Japan

Metal Products Manufacturing

5,477.9

14,142

Hitachi Cable Philippines, Inc. - Lipa Plant

Facility

Lipa, Batangas

Philippines

Electrical Equipment and Appliances Manufacturing

 

500

Hitachi Cable (Johor) Sdn Bh

Subsidiary

Senai, Johor

Malaysia

Electrical Equipment and Appliances Manufacturing

92.0

481

Hitachi Cable (Singapore) Pte. Ltd.

Subsidiary

Singapore

Singapore

Metal Products Manufacturing

82.6

396

Thai Hitachi Enamel Wire Co., Ltd.

Subsidiary

Chachoengsao

Thailand

Electronics Wholesale

 

360

PHCP, Inc.

Subsidiary

Dasmarinas, Cavite

Philippines

Electrical Equipment and Appliances Manufacturing

 

192

Suzhou Hitachi Cable Precision Co., Ltd

Subsidiary

Suzhou

China

Semiconductor and Other Electronic Component Manufacturing

 

100

Hitachi Cable Europe Ltd.

Subsidiary

Maidenhead

United Kingdom

Rubber and Plastic Product Manufacturing

59.5

51

Hitachi Cable Vietnam Co., Ltd.

Subsidiary

Hai Duong

Viet Nam

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Cable Trading (Dalian F.T.Z.) Co., Ltd.

Subsidiary

Dalian

China

Electronics Wholesale

 

 

Hitachi Cable (Suzhou) Co., Ltd.

Subsidiary

Suzhou, Jiangsu

China

Metal Products Manufacturing

 

 

HCAS Thai Trading Co., Ltd.

Subsidiary

Bangkok

Thailand

Electronics Wholesale

 

 

Hitachi Cable (China) Trading Co., Ltd.

Subsidiary

Shanghai

China

Electronics Wholesale

 

 

Hitachi Metals America, Ltd.

Subsidiary

Purchase, NY

United States

Metal Products Manufacturing

618.0

2,078

Ward Manufacturing, Inc.

Subsidiary

Blossburg, PA

United States

Metal Products Manufacturing

 

989

Wisconsin Nipple & Fitting Corp.

Subsidiary

Milwaukee, WI

United States

Metal Products Manufacturing

14.0

75

AAP St. Marys Corporation

Subsidiary

Saint Marys, OH

United States

Motor Vehicle Parts Manufacturing

1,138.8

600

Acp Manufacturing Co LLC

Branch

Tioga, PA

United States

Machinery and Equipment Manufacturing

43.4

200

Hitachi Metals Automotive Components, USA, LLC

Subsidiary

Effingham, IL

United States

Metals and Minerals Wholesale

269.5

180

Hitachi Metals Automotive Components USA, LLC - Lawrenceville Facility

Facility

Tioga, PA

United States

Motor Vehicle Parts Manufacturing

 

440

SinterMet LLC

Subsidiary

Kittanning, PA

United States

Metal Products Manufacturing

10.1

50

Hitachi Metals America Limited

Branch

Novi, MI

United States

Metals and Minerals Wholesale

100.7

30

Hitachi Metals America Limited

Branch

San Jose, CA

United States

Semiconductor and Other Electronic Component Manufacturing

14.9

30

Hitachi Metals America Limited

Branch

Arlington Hts, IL

United States

Metals and Minerals Wholesale

38.8

12

Hitachi Metals Automobile Cmpnnts

Branch

Wellsboro, PA

United States

Motor Vehicle Parts Manufacturing

4.6

12

Hitachi Metals

Branch

Fort Collins, CO

United States

Metal Products Manufacturing

2.1

10

Hitachi Metals America Limited

Branch

White Plains, NY

United States

Metals and Minerals Wholesale

16.3

6

Hitachi Metals America Limited

Branch

Nashville, TN

United States

Motor Vehicle Wholesale

9.7

5

Hitachi Metals (Thailand) Limited

Subsidiary

Uthai, Phra Nakhon Si Ayutthaya

Thailand

Semiconductor and Other Electronic Component Manufacturing

 

1,100

Hitachi Metals, Ltd. - Kumagaya Division

Facility

Kumagaya, Saitama-ken

Japan

Metal Products Manufacturing

 

1,000

Hitachi Metals Precision, Ltd.

Subsidiary

Tokyo

Japan

Metal Products Manufacturing

 

574

HMP (Thailand) Ltd.

Subsidiary

Ayutthaya

Thailand

Metal Products Manufacturing

 

 

Hitachi Metals Precision, Ltd. - Yasugi Works

Facility

Yasugi, Shimane

Japan

Metal Products Manufacturing

 

 

Hitachi Metals Techno, Ltd.

Subsidiary

Koto-Ku

Japan

Metal Products Manufacturing

278.7

379

Hitachi Maxco Ltd.

Subsidiary

Kennesaw, GA

United States

Metal Products Manufacturing

 

30

Hitachi Maxco Limited

Branch

Portland, OR

United States

Electronics Wholesale

8.6

7

Shanghai Hitachi Machinery Materials Co., Ltd.

Subsidiary

Shanghai, Shanghai

China

Machinery and Equipment Manufacturing

4.0

15

Luzon Electronics Technology, Inc.

Subsidiary

Gen. Trias, Cavite

Philippines

Semiconductor and Other Electronic Component Manufacturing

 

300

Neomax Kinki Co., Ltd.

Subsidiary

Yabu, Hyogo

Japan

Electrical Equipment and Appliances Manufacturing

702.6

287

Hitachi Magnet Wire Corp.

Subsidiary

Hitachi, Ibaraki

Japan

Metal Products Manufacturing

430.1

220

Hitachi Valve, Ltd.

Subsidiary

Mie

Japan

Metal Products Manufacturing

 

200

Hitachi Metals, Ltd. - Moka Works

Facility

Mooka, Tochigi-ken

Japan

Motor Vehicle Parts Manufacturing

 

200

Hitachi Metals Admet, Ltd.

Subsidiary

Tokyo

Japan

Semiconductor and Other Electronic Component Manufacturing

908.2

183

Hitachi Metals Admet, Ltd. Korea Branch

Branch

Seoul, Seoul

Korea, Republic of

Home Furnishings Wholesale

63.5

11

Hitachi Alloy,Ltd.

Subsidiary

Kazo, Saitama

Japan

Metal Products Manufacturing

125.9

175

Neomax Kyusyu Co.,Ltd.

Subsidiary

Takeo, Saga

Japan

Electrical Equipment and Appliances Manufacturing

46.7

121

Kyushu Technometal Co., Ltd.

Subsidiary

Miyako-Gun, Fukuoka

Japan

Metal Products Manufacturing

37.1

97

Five Ace Technology Co., Ltd.

Subsidiary

New Taipei City

Taiwan

Semiconductor and Other Electronic Component Manufacturing

 

94

Auto-Tech,Ltd.

Subsidiary

Iwaki, Fukushima

Japan

Motor Vehicle Parts Manufacturing

20.3

63

Hitachi Metals Europe GmbH

Subsidiary

Düsseldorf, Nordrhein-Westfalen

Germany

Electromedical and Control Instruments Manufacturing

352.3

60

Hitachi Metals Hong Kong Ltd.

Subsidiary

Kowloon

Hong Kong

Non-Metallic Mineral Product Manufacturing

 

30

Hitachi Metals Hong Kong Ltd. - Panyu Factory

Facility

Guangzhou, Guang Dong

China

Metal Products Manufacturing

 

 

Hitachi Densen Shoji, Ltd.

Subsidiary

Taito-Ku, Tokyo

Japan

Electronics Wholesale

1,315.1

 

Tonichi Kyosan Cable,Ltd.

Subsidiary

Ishioka, Ibaraki

Japan

Metal Products Manufacturing

431.4

 

Neomax Materials Co., Ltd.

Subsidiary

Suita, Osaka

Japan

Metal Products Manufacturing

244.5

 

Hmw,Ltd.

Subsidiary

Kitakyushu, Fukuoka

Japan

Metal Products Manufacturing

191.1

 

Namyang Metals Co., Ltd.

Subsidiary

Taegu, Taegu

Korea, Republic of

Motor Vehicle Parts Manufacturing

157.2

 

Hitachi Cable Networks,Ltd.

Subsidiary

Taito-Ku, Tokyo

Japan

Computer Programming

136.0

 

Hitachi Metals Hong Kong Limited

Subsidiary

Tsim Sha Tsui, Kowloon

Hong Kong

Metals and Minerals Wholesale

130.7

 

Hitachi Cable Precision Co.,Ltd.

Subsidiary

Yonezawa, Yamagata

Japan

Semiconductor and Other Electronic Component Manufacturing

124.2

 

Hitachi Cable Mec-Tech,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Miscellaneous Manufacturing

122.8

 

Hmy, Ltd.

Subsidiary

Yasugi, Shimane

Japan

Metal Products Manufacturing

122.6

 

San Technology Inc

Subsidiary

Rosario

Philippines

Semiconductor and Other Electronic Component Manufacturing

117.4

 

Neomax Engineering Co.,Ltd.

Subsidiary

Takasaki, Gunma

Japan

Semiconductor and Other Electronic Component Manufacturing

104.2

 

Seitan Inc.

Subsidiary

Minamiuonuma, Niigata

Japan

Metal Products Manufacturing

74.6

 

Toyo Seihaku Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Metal Products Manufacturing

69.6

 

Hitachi Cable Film Device, Ltd.

Subsidiary

Chuo, Yamanashi

Japan

Semiconductor and Other Electronic Component Manufacturing

63.4

 

Alcast, Ltd.

Subsidiary

Kumagaya, Saitama

Japan

Wood Product Manufacturing

55.3

 

Pacific Metals Co., Ltd.

Subsidiary

Kumi, Kyongsangbuk-Do

Korea, Republic of

Non-Metallic Mineral Product Manufacturing

54.4

 

Hokkai Hitachi Densen Kihan K.K.

Subsidiary

Sapporo, Hokkaido

Japan

Electronics Wholesale

39.0

 

Tohoku Rubber Co.,Ltd.

Subsidiary

Sendai, Miyagi

Japan

Miscellaneous Manufacturing

37.3

 

Die And Mold Service Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Metals and Minerals Wholesale

36.1

 

Hitachi Metals Solutions,Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Real Estate Agents and Brokers

26.5

 

Moka Technos, Ltd.

Subsidiary

Mooka, Tochigi

Japan

Miscellaneous Transportation Equipment Manufacturing

12.7

 

Hitachi Metals Tool Steel, Ltd.

Subsidiary

Tokyo

Japan

Metal Products Manufacturing

 

 

Hitachi Ferrite Electronics, Ltd.

Subsidiary

Tottori

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Metals (India) Pvt. Ltd.

Subsidiary

Gurgaon, Haryana

India

Metals and Minerals Wholesale

 

 

Hitachi Metals FineTech, Ltd.

Subsidiary

Kuwana, Mie-ken

Japan

Metal Products Manufacturing

 

 

HMF Technology Korea Co., Ltd.

Subsidiary

Pyeongtaek, Gyeonggi-Do

Korea, Republic of

Chemical Wholesale

 

 

Hitachi Metals, Ltd. - Kuwana Works

Facility

Kuwana, Mie-ken

Japan

Metal Products Manufacturing

 

 

Hitachi Metals, Ltd. - Saga Works

Facility

Saga

Japan

Metal Products Manufacturing

 

 

Hitachi Metals Wakamatsu, Ltd.

Subsidiary

Kitakyushu, Fukuoka

Japan

Metal Products Manufacturing

 

 

Baosteel Hitachi Rolls (Nantong) Ltd.

Subsidiary

Nantong, Jiangsu

China

Metal Products Manufacturing

 

 

Hitachi Metals (Suzhou) Technology, Ltd.

Subsidiary

Suzhou, Jiangsu

China

Metal Products Manufacturing

 

 

Hitachi Metals (Suzhou) Technology, Ltd. - Specialty Steel Division

Division

Suzhou, Jiangsu

China

Metal Products Manufacturing

 

70

Hitachi Metals, Ltd. - Tottori Works

Facility

Tottori

Japan

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Metals (Dong Guan) Specialty Steel Co., Ltd.

Subsidiary

Dongguan, Guangdong

China

Metal Products Manufacturing

 

 

Hitachi Metals, Ltd. - Metglas Yasugi Works

Facility

Yasugi, Shimane-ken

Japan

Metal Products Manufacturing

 

 

Hitachi Metals (Shanghai) Ltd.

Subsidiary

Shanghai

China

Metal Products Manufacturing

 

 

Hitachi Metals (Suzhou) Technology Ltd.

Subsidiary

Suzhou, Jiangsu

China

Semiconductor and Other Electronic Component Manufacturing

 

500

Hitachi Chemical Co Ltd

Subsidiary

Chiyoda-Ku

Japan

Paint, Coating, and Adhesive Manufacturing

5,600.2

17,732

Hitachi Powdered Metals Co Ltd

Subsidiary

Matsudo, Chiba Pref

Japan

Metal Products Manufacturing

 

1,435

Sintering Technologies, Inc.

Subsidiary

Greensburg, IN

United States

Motor Vehicle Parts Manufacturing

31.2

140

Hitachi Powdered Metals (S) Pte Ltd.

Subsidiary

Singapore

Singapore

Metal Products Manufacturing

22.1

100

Hitachi Powdered Metals (Thailand) Co., Ltd.

Subsidiary

Chachoengsao

Thailand

Metal Products Manufacturing

 

 

Shin-Kobe Electric Machinery Co Ltd

Subsidiary

Tokyo

Japan

Electrical Equipment and Appliances Manufacturing

1,074.0

1,216

Hitachi Aic Inc.

Subsidiary

Mooka, Tochigi

Japan

Electrical Equipment and Appliances Manufacturing

97.9

 

Shin Kobe Platechs Co.,Ltd.

Subsidiary

Hirakata, Osaka

Japan

Rubber and Plastic Product Manufacturing

95.6

 

Hitachi Battery Sales & Service Co.,Ltd.

Subsidiary

Arakawa-Ku, Tokyo

Japan

Transportation Equipment Wholesale

90.2

 

Shin-Kobe Techno Service Co., Ltd.

Subsidiary

Fukaya, Saitama

Japan

Rubber and Plastic Product Manufacturing

67.1

 

Japan Brake Industrial Co Ltd

Subsidiary

Hachioji

Japan

Motor Vehicle Parts Manufacturing

167.5

1,078

Namie Japan Brake Co.,Ltd.

Subsidiary

Futaba-Gun, Fukushima

Japan

Motor Vehicle Parts Manufacturing

72.5

 

Hitachi Chemical Electronic Materials (Hong Kong) Limited

Subsidiary

Tai Po, New Territories

Hong Kong

Semiconductor and Other Electronic Component Manufacturing

89.9

200

Hitachi Chemical (M) Sdn Bhd

Subsidiary

Prai, Penang

Malaysia

Synthetic Chemical Manufacturing

39.2

200

Hitachi Chemical Mexico S.A. de C.V.

Subsidiary

Montemorelos, Nuevo Leon

Mexico

Motor Vehicle Wholesale

 

200

Hitachi Chemical Electronic Materials (Korea) Co., Ltd.

Subsidiary

Ansan, Gyeonggi-Do

Korea, Republic of

Chemical Wholesale

 

63

Hitachi Chemical International Co., (Taiwan) Ltd.

Subsidiary

Taipei

Taiwan

Chemical Wholesale

 

50

Hitachi Chemical Electronic Materials Korea Co., Ltd.

Subsidiary

Ansan, Kyonggi-Do

Korea, Republic of

Miscellaneous Chemical Manufacturing

54.0

48

Hitachi Chemical Co. America Ltd.

Subsidiary

Cupertino, CA

United States

Chemical Wholesale

36.5

20

Hitachi Chemical Co

Branch

Wixom, MI

United States

Investment Services

 

9

Hitachi Chemical Co America

Branch

Westborough, MA

United States

Electronics Wholesale

14.0

6

Hitachi Chemical Europe GmbH (Germany)

Subsidiary

Düsseldorf, Nordrhein-Westfalen

Germany

Electronics Wholesale

 

15

Hitachi Kasei Shoji Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Chemical Wholesale

584.2

 

Hitachi Chemical Techno Service Co.,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Miscellaneous Professional Services

341.6

 

Hitachi Chemical Co. (Hong Kong) Limited

Subsidiary

Tsuen Wan, New Territories

Hong Kong

Electronics Wholesale

273.6

 

Hitachi Kasei Auto Motive Products K.K.

Subsidiary

Tagawa, Fukuoka

Japan

Rubber and Plastic Product Manufacturing

230.7

 

Hitachi Kasei Polymer Co.,Ltd.

Subsidiary

Noda, Chiba

Japan

Paint, Coating, and Adhesive Manufacturing

153.3

 

Hitachi Chemical Electronics Co.,Ltd.

Subsidiary

Chikusei, Ibaraki

Japan

Semiconductor and Other Electronic Component Manufacturing

145.2

 

Yamagisi Aic Co.,Ltd.

Subsidiary

Shimo Ina-Gun, Nagano

Japan

Semiconductor and Other Electronic Component Manufacturing

92.0

 

Hitachi Chemical Filtec Inc.

Subsidiary

Koto-Ku, Tokyo

Japan

Rubber and Plastic Product Manufacturing

65.9

 

Hitachi Kasei Business Service Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Commercial and Industrial Rental

47.8

 

Namie Hitachi Chemical.Co.,Ltd.

Subsidiary

Futaba-Gun, Fukushima

Japan

Electrical Equipment and Appliances Manufacturing

44.6

 

Hitachi Chemical Automotive Products (Thailand) Company Limited

Subsidiary

Pluak Daeng, Rayong

Thailand

Motor Vehicle Parts Manufacturing

 

 

Foshan J B Automotive Products Co Ltd

Subsidiary

Foshan, Guangdong Province

China

Motor Vehicle Parts Manufacturing

 

 

Beijing Hitachi Control Systems Co Ltd

Joint Venture

Beijing

China

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Chemical (Shanghai) Co Ltd

Subsidiary

Shanghai

China

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Powdered Metals (Dongguan) Co Ltd

Subsidiary

Chashan, Dongguan

China

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Chemical (Dongguan) Co Ltd

Subsidiary

Dongguan, Guangdong Province

China

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Chemical (Suzhou) Co Ltd

Subsidiary

Suzhou, Jangsu Province

China

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Chemical (Yantai) Co., Ltd.

Subsidiary

Yantai, Shandong

China

Professional and Commercial Equipment Wholesale

 

 

Hitachi Chemical Co., Ltd. - Goi Works

Unit

Ichihara, Chiba

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Kasei Shoji Co., Ltd.

Subsidiary

Kowloon

Hong Kong

Chemical Wholesale

 

 

Hitachi Chemical Co. (Hong Kong) Ltd.

Subsidiary

Tsuen Wan, New Territories

Hong Kong

Electronics Wholesale

 

 

Hitachi Chemical Co., Ltd. - Shimodate Works

Unit

Chikusei, Ibaraki

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Chemical (Thailand) Co., Ltd.

Subsidiary

Bangkok

Thailand

Metals and Minerals Wholesale

 

 

Hitachi Chemical Co., Ltd. - Yamazaki Works

Unit

Hitachi, Ibaraki

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Chemical (China) Co., Ltd.

Subsidiary

Shanghai

China

Electronics Wholesale

 

 

Hitachi High-Technologies Corporation

Holding

Minato-Ku

Japan

Electromedical and Control Instruments Manufacturing

6,935.8

10,436

Hitachi High-Technologies Corporation

Subsidiary

London

United Kingdom

Semiconductor and Other Electronic Component Manufacturing

8,137.4

10,234

Seiko Instruments Inc

Subsidiary

Chiba, Chuba Pref

Japan

Miscellaneous Wholesale

1,800.6

9,561

Dalian Precision Industry Electronics Co., Ltd.

Subsidiary

Dalian, Liaoning

China

Electromedical and Control Instruments Manufacturing

13.0

957

Seiko Instruments (Thailand) Limited

Subsidiary

Klongluang, Pathum Thani

Thailand

Metal Products Manufacturing

 

720

Seiko Instruments Singapore Pte Ltd

Subsidiary

Singapore

Singapore

Electromedical and Control Instruments Manufacturing

132.2

600

Instruments Technology (Johor) Sdn. Bhd.

Subsidiary

Johor Bahru, Johor

Malaysia

Electromedical and Control Instruments Manufacturing

10.6

600

Morioka Seiko Instruments Inc.

Subsidiary

Iwate

Japan

Electromedical and Control Instruments Manufacturing

 

417

Ninohe Tokei Kogyo Co., Ltd.

Subsidiary

Iwate

Japan

Electromedical and Control Instruments Manufacturing

 

200

Tono Seiki Co., Ltd.

Subsidiary

Iwate

Japan

Electromedical and Control Instruments Manufacturing

 

100

Seiko I Infotech Inc.

Subsidiary

Chiba

Japan

Computer and Peripheral Equipment Manufacturing

 

347

Seiko Instruments Technology (Shanghai) Inc.

Subsidiary

Shanghai, Shanghai

China

Semiconductor and Other Electronic Component Manufacturing

 

300

Seiko Instruments (H.K.) Ltd.

Subsidiary

Kwai Chung, NT

Hong Kong

Semiconductor and Other Electronic Component Manufacturing

 

200

Shenzhen Sii Watch Co., Ltd.

Subsidiary

Shenzhen, Guangdong

China

Miscellaneous Professional Services

 

110

Guangzhou Precision Industry Technology Co., Ltd.

Subsidiary

Guangzhou, Guangdong

China

Electromedical and Control Instruments Manufacturing

6.1

 

Sii Mobile Communications Inc.

Subsidiary

Chiba, Chiba

Japan

Communications Equipment Manufacturing

117.9

108

Asian Electronic Technology Pte Ltd

Subsidiary

Singapore

Singapore

Professional and Commercial Equipment Wholesale

95.3

100

SEIKO Instruments GmbH

Subsidiary

Neu-Isenburg, Hessen

Germany

Computer, Office Equipment and Software Merchant Wholesalers

65.7

60

Seiko Instruments Taiwan, Inc.

Subsidiary

Taipei

Taiwan

Semiconductor and Other Electronic Component Manufacturing

 

40

Seiko Instruments USA, Inc.

Subsidiary

Torrance, CA

United States

Electromedical and Control Instruments Manufacturing

 

35

SII Thermal Printer Division

Branch

Torrance, CA

United States

Machinery Wholesale

36.5

15

Seiko I Infotech Inc

Subsidiary

Escondido, CA

United States

Printing

 

5

Seiko Instruments Europe

Subsidiary

Bruxelles

Belgium

Professional and Commercial Equipment Wholesale

27.5

5

S.I.E. Netherlands B.V.

Subsidiary

Amsterdam, Noord-Holland

Netherlands

Home Furnishings Wholesale

 

1

Seiko Instruments (Shanghai) Inc.

Subsidiary

Shanghai, Shanghai

China

Professional and Commercial Equipment Wholesale

 

1

Sii Data Service Corp.

Subsidiary

Chiba, Chiba

Japan

Computer System Design Services

73.7

 

Sii Network Systems Inc.

Subsidiary

Chiba, Chiba

Japan

Electrical Equipment and Appliances Manufacturing

9.8

 

City Service Co.,Ltd.

Subsidiary

Chiba, Chiba

Japan

Building and Dwelling Services

8.9

 

Seiko I Techno Research Co.,Ltd.

Subsidiary

Matsudo, Chiba

Japan

Architecture and Engineering

6.1

 

SII Printek Inc.

Subsidiary

Chiba

Japan

Machinery and Equipment Manufacturing

 

 

Seiko Eg&G Co.,Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Professional and Commercial Equipment Wholesale

 

 

Seiko Instruments Korea Inc.

Subsidiary

Seoul, Seoul

Korea, Republic of

Computer, Office Equipment and Software Merchant Wholesalers

 

 

Hitachi High-Tech Fielding Corporation

Subsidiary

Tokyo

Japan

Electronics Wholesale

 

924

Hitachi High-Tech Instruments Co Ltd

Subsidiary

Kumagaya, Saitama Pref

Japan

Electronics Wholesale

 

470

Hitachi High-Technologies Korea Co., Ltd.

Subsidiary

Seoul

Korea, Republic of

Semiconductor and Other Electronic Component Manufacturing

 

153

Hitachi High-Technologies Europe GmbH (Italy)

Subsidiary

Brugherio

Italy

Electronics Wholesale

 

120

Hitachi High Technologies Europe GmbH

Subsidiary

Krefeld, Nordrhein-Westfalen

Germany

Machinery and Equipment Manufacturing

1,013.9

100

Hitachi High-Technologies Corporation - France

Subsidiary

Velizy-Villacoublay

France

Machinery and Equipment Manufacturing

36.5

10

Hitachi High Technologies America, Inc.

Subsidiary

Schaumburg, IL

United States

Machinery and Equipment Manufacturing

724.0

60

Hitachi High Technologies America

Branch

Pleasanton, CA

United States

Semiconductor and Other Electronic Component Manufacturing

128.7

100

Hitachi High Technology Americas Inc

Branch

Dallas, TX

United States

Semiconductor and Other Electronic Component Manufacturing

29.1

30

Hitachi High Technology Americas Inc

Branch

Hillsboro, OR

United States

Semiconductor and Other Electronic Component Manufacturing

15.9

30

Hitachi High Technology

Branch

Scottsdale, AZ

United States

Semiconductor and Other Electronic Component Manufacturing

 

15

Hitachi High Technology Americas Inc

Branch

Gaithersburg, MD

United States

Electronics Wholesale

9.0

7

Hitachi High Technology Americas Inc

Branch

Hillsboro, OR

United States

Electronics Wholesale

8.6

7

Hitachi High Technologies America

Branch

Dallas, TX

United States

Machinery and Equipment Manufacturing

6.8

7

Hitachi High Technology Americas Inc

Branch

Westwood, MA

United States

Electronics Wholesale

14.0

6

Hitachi High Technologies America

Branch

Lexington, KY

United States

Machinery and Equipment Manufacturing

 

6

Hitachi High Technology Americas Inc

Branch

Gaithersburg, MD

United States

Electronics Wholesale

6.4

5

Hitachi High Technologies America

Branch

New Brunswick, NJ

United States

Machinery and Equipment Manufacturing

 

2

Hitachi High-Technologies IPC (M) Sdn. Bhd.

Subsidiary

Kuala Lumpur

Malaysia

Machinery and Equipment Manufacturing

75.7

30

Hitachi High-Technologies Canada Inc.

Subsidiary

Etobicoke, ON

Canada

Electronics Wholesale

13.0

15

Hitachi High-Technologies Hong Kong Ltd.

Subsidiary

Sheung Shui, New Territories

Hong Kong

Electronics Wholesale

 

8

Hitachi High-Technologies (Shenzhen) Co., Ltd.

Subsidiary

Shenzhen, Guangdong

China

Electronics Wholesale

12.1

15

Hitachi High-Technologies Canada Inc.

Subsidiary

Richmond, BC

Canada

Professional and Commercial Equipment Wholesale

 

2

Hitachi High-Tech Materials Corporation

Subsidiary

Minato-Ku, Tokyo

Japan

Electronics Wholesale

570.2

 

Hitachi High-Tech Solutions Corporation

Subsidiary

Chuo-Ku, Tokyo

Japan

Architecture and Engineering

365.1

 

Hitachi High-Tech Control Systems Corporation

Subsidiary

Mito, Ibaraki

Japan

Electromedical and Control Instruments Manufacturing

280.6

 

Hitachi High-Tech Instruments Co.,Ltd.

Subsidiary

Kumagaya, Saitama

Japan

Machinery and Equipment Manufacturing

219.9

 

Hitachi High-Tech Science Corporation

Subsidiary

Minato-Ku, Tokyo

Japan

Electromedical and Control Instruments Manufacturing

123.9

 

Epolead Service Inc.

Subsidiary

Chiba, Chiba

Japan

Industrial Machinery Repair and Maintenance

54.5

 

Hitachi Instruments (Shanghai) Co., Ltd.

Subsidiary

Shanghai, Shanghai

China

Electromedical and Control Instruments Manufacturing

 

 

Sii Nano Technology (Shanghai) Inc., Jinggong Yingsi Electronics Technology (Shanghai) Co., Ltd. Beijing Office

Branch

Beijing, Beijing

China

Professional and Commercial Equipment Wholesale

11.9

250

Hitachi Higt-Tech Engineering Service Corporation

Subsidiary

Minato-Ku, Tokyo

Japan

Miscellaneous Professional Services

97.4

 

Hitachi Instrument (Suzhou), Ltd.

Subsidiary

Suzhou, Jiangsu

China

Electromedical and Control Instruments Manufacturing

 

 

Hitachi High-Technologies Taiwan Corporation

Subsidiary

Taipei

Taiwan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Instrument (Dalian) Co., Ltd.

Subsidiary

Dalian, Liaoning

China

Electromedical and Control Instruments Manufacturing

 

 

PT. Hitachi High Technologies Indonesia

Subsidiary

Jakarta

Indonesia

Medical Equipment and Supplies

 

 

Hitachi High-Technologies Europe GmbH (Hungary)

Subsidiary

Budapest

Hungary

Electronics Wholesale

 

 

Hitachi High-Technologies France S.A.R.L.

Subsidiary

Velizy-Villacoublay

France

Electronics Wholesale

 

 

Hitachi Solutions Ltd

Subsidiary

Tokyo

Japan

Software

 

10,389

Hitachi Solutions East Japan, Ltd.

Subsidiary

Sendai, Miyagi

Japan

Computer Programming

228.3

 

Hitachi Solutions Nexus, Ltd.

Subsidiary

Shinagawa-Ku, Tokyo

Japan

Computer Programming

164.7

 

Hitachi Solutions West Japan, Ltd.

Subsidiary

Hiroshima, Hiroshima

Japan

Computer Programming

161.1

 

Hitachi Solutions Europe Ag

Subsidiary

Berlin, Berlin

Germany

Computer, Office Equipment and Software Merchant Wholesalers

 

 

Hitachi Solutions Europe S.A.S.

Subsidiary

Paris

France

Computer, Office Equipment and Software Merchant Wholesalers

0.8

7

Clarion Co Ltd

Holding

Saitama-Shi

Japan

Audio and Video Equipment Manufacturing

2,136.8

9,978

Dongguan Clarion Orient Electronics Co., Ltd.

Subsidiary

Dongguan, Guangdong

China

Audio and Video Equipment Manufacturing

 

2,600

Electrónica Clarion, S.A. de C.V.

Subsidiary

México, D.F.

Mexico

Audio and Video Equipment Manufacturing

236.2

1,440

Electronica Clarion, S.A. de C.V.

Facility

San Juan del Rio, Queretaro

Mexico

Audio and Video Equipment Manufacturing

 

15

Xiamen Clarion Electrical Enterprise Co., Ltd.

Subsidiary

Xiamen, Fujian

China

Audio and Video Equipment Manufacturing

 

1,031

Clarion Manufacturing Corporation of the Philippines

Subsidiary

Rosario

Philippines

Audio and Video Equipment Manufacturing

17.8

900

Clarion (Malaysia) Sdn. Bhd.

Subsidiary

Bayan Lepas, Pinang

Malaysia

Audio and Video Equipment Manufacturing

91.4

500

Callian Asia (Thailand) Company Limited

Subsidiary

Pluak Daeng, Rayong

Thailand

Motor Vehicle Parts Manufacturing

 

60

Clarion Corporation of America

Subsidiary

Gardena, CA

United States

Electronics Wholesale

4.1

250

Clarion Corp.

Branch

Charlotte, NC

United States

Pharmaceutical Manufacturing

 

2,000

Crystal Precision (M) Sdn. Bhd.

Subsidiary

Bayan Lepas, Pulau Pinang

Malaysia

Shipping and Water Transport

25.7

200

Clarion Europe SASU

Subsidiary

Custines

France

Electronics Wholesale

98.6

149

Clarion (G.B.) Ltd

Subsidiary

Swindon

United Kingdom

Electrical Equipment and Appliances Manufacturing

 

43

Clarion (HK) Industries Co., Ltd

Subsidiary

Kowloon

Hong Kong

Audio and Video Equipment Manufacturing

 

100

Dongguan Dongkeng Clarion Electronics Factory

Branch

Dongguan, Guangdong

China

Motor Vehicle Parts Manufacturing

2.1

1,600

Clarion Orient Co., Ltd.

Subsidiary

Kowloon

Hong Kong

Audio and Video Equipment Manufacturing

 

100

Clarion Manufacturing Corporation of America

Subsidiary

Walton, KY

United States

Audio and Video Equipment Manufacturing

103.0

65

Clarion Canada, Inc.

Subsidiary

Oakville, ON

Canada

Wired Telecommunications Carriers

32.4

30

Clarion Australia Pty. Ltd.

Subsidiary

Moorabbin, VIC

Australia

Audio and Video Equipment Manufacturing

4.1

30

Clarion Europa GmbH

Subsidiary

Mörfelden-Walldorf, Hessen

Germany

Electronics Wholesale

 

30

Clarion Asia Pte. Ltd.

Subsidiary

Singapore

Singapore

Audio and Video Equipment Manufacturing

 

12

Clarion Sales Corporation

Subsidiary

Gardena, CA

United States

Electronics Wholesale

0.6

3

Ungo Security Corporation

Subsidiary

Hayward, CA

United States

Audio and Video Equipment Manufacturing

 

3

Clarion Sales&Marketing Co.,Ltd.

Subsidiary

Saitama, Saitama

Japan

Electronics Wholesale

163.1

 

Clarion Manufacturing And Service Co.,Ltd.

Subsidiary

Kooriyama, Fukushima

Japan

Electrical Equipment and Appliances Manufacturing

84.1

 

Clarion Hungary Electronics Kft

Subsidiary

Nagykata

Hungary

Audio and Video Equipment Manufacturing

 

 

Clarion (Taiwan) Manufacturing Co., Ltd.

Subsidiary

Taipei, Hsien

Taiwan

Audio and Video Equipment Manufacturing

 

 

Clarion Mitsuwa Philippines, Inc.

Subsidiary

Cavite

Philippines

Audio and Video Equipment Manufacturing

 

 

Hitachi Plant Technologies Ltd

Subsidiary

Tokyo

Japan

Specialty Construction Trade Contractors

3,509.5

6,500

Hitachi Plant Technologies Ltd - CSR Promotion Division

Division

Tokyo

Japan

Civil Engineering

 

2,000

Hitachi Kiden Kogyo, Ltd.

Branch

Amagasaki, Osaka

Japan

Construction Machinery Manufacturing

 

630

Hitachi Plant Construction Soft Co., Ltd.

Subsidiary

Tokyo

Japan

Specialty Construction Trade Contractors

 

500

Hitachi Nico Transmission Co., Ltd.

Subsidiary

Saitama

Japan

Electronics Wholesale

 

496

Hitachi Plant Mechanics Co., Ltd.

Subsidiary

Kudamatsu, Yamaguchi

Japan

Storage and Warehousing

 

300

Sanki Technos Co., Ltd.

Subsidiary

Kudamatsu, Yamaguchi

Japan

Machinery Wholesale

 

300

Hokkaido Eco Recycle Systems Co., Ltd.

Subsidiary

Tomakomai

Japan

Miscellaneous Professional Services

 

120

MHPT Engineering Sdn. Bhd.

Subsidiary

Kuala Lumpur

Malaysia

Construction and Hardware Materials Wholesale

40.9

50

Stella Chemifa Singapore Pte. Ltd.

Division

Singapore

Singapore

Semiconductor and Other Electronic Component Manufacturing

23.2

50

Hitachi Environmental Technology (Yixing) Co., Ltd.

Subsidiary

Yixing, Jiangsu

China

Machinery Wholesale

 

50

PT Hitachi Plant Technologies

Subsidiary

Jakarta

Indonesia

Specialty Construction Trade Contractors

 

50

Nanjing Hitachi Techno. Co., Ltd.

Subsidiary

Nanjing

China

Computer and Peripheral Equipment Manufacturing

 

40

Hitachi Plant Technologies Ltd. - Philippine Branch

Subsidiary

Makati

Philippines

Miscellaneous Professional Services

 

34

Aqua-Tech Engineering and Supplies Pte. Ltd.

Subsidiary

Singapore

Singapore

Waste Management

 

30

Tokyo Eco Recycle Co., Ltd.

Subsidiary

Tokyo

Japan

Trucking

 

19

Hitachi Operation & Maintenance - Egypt S.A.E.

Subsidiary

Cairo

Egypt

Industrial Machinery Repair and Maintenance

 

5

Phpc Co. Ltd. Inc.

Subsidiary

Makati

Philippines

Specialty Construction Trade Contractors

 

 

Hitachi Plant Engineering & Construction (Suzhou) Co., Ltd.

Subsidiary

Suzhou

China

Civil Engineering

 

 

HPC Venezuela C.A.

Subsidiary

Puerto Ordaz

Venezuela

Architecture and Engineering

 

 

Hitachi Technologies and Services Ltd.

Subsidiary

Tsuchiura, Ibaraki

Japan

Motor Vehicle Parts Manufacturing

 

 

Nichiwa Sougou Setsubi Co., Ltd.

Subsidiary

Tokyo

Japan

Civil Engineering

 

 

Hitachi Plant Engineering Ltd.

Subsidiary

Tokyo

Japan

Motor Vehicle Parts Manufacturing

 

 

Jiaxing Tianri Plant Technologies Co., Ltd.

Subsidiary

Jiaxing, Zhejiang

China

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Critical Facilities Protection Pte. Ltd.

Subsidiary

Singapore

Singapore

Architecture and Engineering

 

 

Hitachi Plant Technologies, Ltd.

Subsidiary

Abu Dhabi

United Arab Emirates

Construction and Hardware Materials Wholesale

 

 

Hitachi Medical Corporation

Subsidiary

Chiyoda-Ku

Japan

Electromedical and Control Instruments Manufacturing

1,924.3

5,294

Hitachi Medical Systems (Suzhou) Corporation

Subsidiary

Suzhou, Jiangsu

China

Electromedical and Control Instruments Manufacturing

30.6

145

Hitachi Medical Computer Systems,Inc.

Subsidiary

Shinagawa-Ku, Tokyo

Japan

Computer Programming

77.7

 

Hitachi Kokusai Electric Inc

Subsidiary

Chiyoda-Ku

Japan

Communications Equipment Manufacturing

1,672.9

5,193

Hitachi Kokusai Electric Services Inc.

Subsidiary

Tokyo

Japan

Communications Equipment Manufacturing

 

400

Goyo Electron Co.,Ltd.

Subsidiary

Katagami, Akita

Japan

Communications Equipment Manufacturing

57.3

388

Hitachi Kokusai Denki Engineering Co., Ltd.

Subsidiary

Tokyo

Japan

Wired Telecommunications Carriers

 

309

Kokusai Electric Semiconductor Service Inc.

Subsidiary

Hamura

Japan

Machinery and Equipment Manufacturing

 

242

Kook Je Electric Korea Co Ltd

Subsidiary

Cheonan

Korea, Republic of

Machinery and Equipment Manufacturing

126.6

226

Hitachi Denshi Technosystems, Ltd.

Subsidiary

Tokyo

Japan

Wired Telecommunications Carriers

 

194

Hitachi Kokusai Electric America, Ltd.

Subsidiary

Woodbury, NY

United States

Movies

 

30

Kokusai Semiconductor Equipment Corporation

Subsidiary

San Jose, CA

United States

Electronics Wholesale

3.1

90

Kokusai Electric Europe GmbH

Subsidiary

Erkrath

Germany

Semiconductor and Other Electronic Component Manufacturing

 

12

Hitachi Kokusai Electric Europe GmbH

Subsidiary

Erkrath, Nordrhein-Westfalen

Germany

Wireless Telecommunications Carriers

20.7

11

Hitachi Kokusai Electric Canada, Ltd.

Subsidiary

Scarborough, ON

Canada

Communications Equipment Manufacturing

2.6

4

Hitachi Kokusai Yagi Solutions Inc.

Subsidiary

Kodaira, Tokyo

Japan

Miscellaneous Professional Services

142.1

 

Hs Services Inc.

Subsidiary

Shinjuku-Ku, Tokyo

Japan

Electronics Wholesale

33.2

 

Kokusai Electric Semiconducutor Service Inc.

Subsidiary

Toyama, Toyama

Japan

Appliance Repair and Maintenance

89.6

 

Kokusai Electric Techno Service Co.,Ltd.

Subsidiary

Kodaira, Tokyo

Japan

Building and Dwelling Services

55.1

 

Kokusai Denki Technoart Co.,Ltd.

Subsidiary

Hamura, Tokyo

Japan

Metal Products Manufacturing

 

 

Hitachi Kokusai Electric (Shanghai) Co., Ltd.

Subsidiary

Shanghai, Shanghai

China

Electronics Wholesale

11.7

 

Kokusai Electric Asia Pacific Co., Ltd.

Subsidiary

Hsin-chu

Taiwan

Semiconductor and Other Electronic Component Manufacturing

 

 

Ltd Kokusai Electric Asia Pacific Co.

Branch

Singapore

Singapore

Machinery Wholesale

 

5

Yagi Antenna Inc

Subsidiary

Tokyo

Japan

Metal Products Manufacturing

 

 

Hitachi Koki Co., Ltd.

Subsidiary

Minato-Ku

Japan

Machinery and Equipment Manufacturing

1,393.8

5,014

Nikko Solutions.Co., Ltd.

Subsidiary

Tokyo

Japan

Software

 

175

Hitachi Koki USA, Ltd.

Subsidiary

Norcross, GA

United States

Machinery Wholesale

 

150

Hitachi Koki USA, Ltd. - Pendergrass

Division

Pendergrass, GA

United States

Machinery Wholesale

31.5

175

Hitachi Power Tools

Branch

Valencia, CA

United States

Miscellaneous Repair and Maintenance

2.3

14

Hitachi Koki Taiwan Co., Ltd.

Subsidiary

Taichung City

Taiwan

Machinery and Equipment Manufacturing

 

150

Hitachi Power Tools Europe GmbH

Subsidiary

Willich, Nordrhein-Westfalen

Germany

Machinery and Equipment Manufacturing

40.5

65

Hitachi Power Tools Norway AS

Subsidiary

Kjeller

Norway

Machinery Wholesale

64.8

62

Hitachi Koki Haramachi Co., Ltd.

Facility

Haramachi, Fukushima

Japan

Machinery and Equipment Manufacturing

 

55

Hitachi Power Tools France S.A.

Subsidiary

Evry

France

Machinery Wholesale

58.2

49

Hitachi Power Tools (U.K.) Ltd.

Subsidiary

Milton Keynes

United Kingdom

Machinery Wholesale

34.7

43

Hitachi Power Tools Sweden AB

Subsidiary

Sollentuna

Sweden

Machinery Wholesale

35.1

32

Hitachi Koki Canada, Co.

Subsidiary

Mississauga, ON

Canada

Machinery Wholesale

21.3

30

Hitachi Power Tools Iberica Sa

Subsidiary

Terrassa, Barcelona

Spain

Machinery Wholesale

13.6

28

Hitachi Koki (Singapore) Pte. Ltd.

Subsidiary

Singapore

Singapore

Machinery Wholesale

78.8

27

Hitachi Koki (Singapore) Gulf Branch

Subsidiary

Dubai

United Arab Emirates

Motor Vehicle Parts Manufacturing

 

9

Hitachi Power Tools Belgium

Subsidiary

Wemmel

Belgium

Machinery and Equipment Manufacturing

20.2

24

Hitachi Koki India Ltd.

Subsidiary

Bengaluru

India

Machinery Wholesale

 

23

Hitachi Power Tools Austria GmbH

Subsidiary

Wiener Neudorf

Austria

Machinery and Equipment Manufacturing

107.9

20

Hitachi Power Tools Polska Sp Z O O

Subsidiary

Warszawa

Poland

Home and Garden Retail

9.6

21

Hitachi Power Tools Finland Oy

Subsidiary

Lahti

Finland

Construction and Hardware Materials Wholesale

8.7

11

HITACHI POWER TOOLS DENMARK A/S

Subsidiary

Esbjerg N, 6

Denmark

Machinery and Equipment Manufacturing

0.0

11

Hitachi Power Tools Hungary Kft.

Subsidiary

Budapest

Hungary

Machinery and Equipment Manufacturing

 

11

Hitachi Power Tools Netherlands B.V.

Subsidiary

Nieuwegein

Netherlands

Machinery and Equipment Manufacturing

50.6

 

Sankyo Diamond Industrial Co.,Ltd.

Subsidiary

Ebina, Kanagawa

Japan

Machinery and Equipment Manufacturing

20.8

 

Hitachi Koki Asia Co., Ltd.

Subsidiary

Tsuen Wan

Hong Kong

Machinery Wholesale

 

 

Hitachi Koki Sales Co., Ltd.

Subsidiary

Tokyo

Japan

Machinery and Equipment Manufacturing

 

 

Hitachi Koki Co., Ltd.

Branch

Hitachinaka, Ibaraki

Japan

Machinery and Equipment Manufacturing

 

 

Carat International B.V.

Subsidiary

Breda, Noord-Brabant

Netherlands

Banking

 

 

Carat Nederland B.V.

Subsidiary

Breda, Noord-Brabant

Netherlands

Machinery Wholesale

 

19

Carat France

Subsidiary

Decines Charpieu

France

Machinery Wholesale

3.6

7

Hitachi Power Tools RUS LLC

Subsidiary

Moscow

Russian Federation

Machinery Wholesale

 

 

S.C. Hitachi Power Tools Romania S.R.L.

Subsidiary

Pantelimon, Ilfov

Romania

Machinery and Equipment Manufacturing

 

 

Hitachi Power Tools (Thailand) Co., Ltd.

Subsidiary

Bangkok

Thailand

Machinery and Equipment Manufacturing

 

 

Neomax Co., Ltd.

Holding

Osaka

Japan

Industrial Machinery Repair and Maintenance

 

5,000

Hitachi Industrial Equipment Systems Co., Ltd.

Subsidiary

Tokyo

Japan

Medical Equipment and Supplies

 

5,000

Yuji Sugai

Division

Tainai, Niigata-ken

Japan

Electrical Equipment and Appliances Manufacturing

 

500

Hitachi Pump Manufacture (Wuxi) Co., Ltd.

Subsidiary

Wuxi, Jiangsu

China

Machinery and Equipment Manufacturing

 

400

Hitachi Industrial Equipment (Nanjing) Co., Ltd.

Subsidiary

Nanjing, Jiangsu

China

Electrical Equipment and Appliances Manufacturing

36.3

310

Hitachi Ke Systems, Ltd.

Subsidiary

Narashino, Chiba

Japan

Computer Programming

79.3

 

Sanki Techno Service Co.,Ltd.

Subsidiary

Amagasaki, Hyogo

Japan

Appliance Repair and Maintenance

63.5

 

Shuwa Industry Corp.

Subsidiary

Narashino, Chiba

Japan

Specialty Construction Trade Contractors

60.9

 

Hitachi Industrial Technology (Thailand), Ltd.

Subsidiary

Tambol Dong-Kee-Lek

Thailand

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Qiandian (Hangzhou) Transformer Co., Ltd.

Subsidiary

Hangzhou

China

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Industrial Equipment Systems Co., Ltd. - Sagami Division

Division

Ayase, Kanagawa-ken

Japan

Machinery and Equipment Manufacturing

 

 

Hitachi Industrial Equipment Systems Co., Ltd. - Ebina Division

Division

Ebina, Kanagawa-ken

Japan

Machinery and Equipment Manufacturing

 

 

Hitachi Industrial Equipment Systems Co., Ltd. - Narashino Division

Division

Narashino, Chiba

Japan

Machinery and Equipment Manufacturing

 

 

Hitachi Industrial Equipment Systems Co., Ltd. - Air Compressor System Division

Division

Shizuoka

Japan

Machinery and Equipment Manufacturing

 

 

Hitachi Industrial Equipment Systems Co., Ltd. - Taga Division

Division

Hitachi, Ibaraki-ken

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Capital Corporation

Subsidiary

Minato-Ku

Japan

Banking

1,245.1

4,920

Hitachi Capital (UK) PLC

Subsidiary

Staines

United Kingdom

Banking

511.8

652

Hitachi Capital Vehicle Solutions Ltd

Subsidiary

Newbury

United Kingdom

Motor Vehicle Rental

268.0

317

Hitachi Capital Vehicle Solutions Ltd. - Commercial Vehicle Services Division

Division

Trowbridge

United Kingdom

Banking

 

50

Hitachi Capital (UK) - Consumer Finance Division

Unit

Leeds

United Kingdom

Investment Services

250.0

175

Hitachi Capital (UK) - Invoice Finance Division

Division

Telford

United Kingdom

Banking

 

20

Hitachi Capital Insurance Europe Limited

Subsidiary

Dublin

Ireland

Life and Health Insurance

0.9

2

Hitachi Capital (UK) - Business Finance Division

Division

Staines-upon-Thames

United Kingdom

Motor Vehicle Rental

 

 

Hitachi Capital America Corp.

Subsidiary

Norwalk, CT

United States

Investment Services

 

100

Hitachi Capital Insurance Corp.

Subsidiary

Tokyo

Japan

Property and Causality Insurance

 

100

Hitachi Capital (Hong Kong) Limited

Subsidiary

Mongkok, Kowloon

Hong Kong

Mortgage and Credit

707.2

70

Hitachi Capital Singapore Pte Ltd.

Subsidiary

Singapore

Singapore

Investment Services

 

70

Hitachi Capital Leasing (China) Co., Ltd.

Subsidiary

Beijing

China

Banking

 

60

Okinawa Hitachi Capital Corp.

Subsidiary

Naha, Okinawa

Japan

Commercial and Industrial Rental

51.0

17

Jun Taiyo (S) Pte. Ltd.

Subsidiary

Singapore

Singapore

Motor Vehicle and Parts Dealers

 

13

Financial Bridge Corporation

Subsidiary

Shinagawa-Ku, Tokyo

Japan

Banking

1.5

8

Hitachi Capital Auto Lease Corporation

Subsidiary

Minato-Ku, Tokyo

Japan

Motor Vehicle Rental

595.0

 

Sekisui Leasing Co.,Ltd.

Subsidiary

Osaka, Osaka

Japan

Commercial and Industrial Rental

151.2

 

Hitachi Capital Services Co., Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Miscellaneous Professional Services

87.4

 

Hitachi Capital Servicer Corporation

Subsidiary

Minato-Ku, Tokyo

Japan

Banking

39.8

 

NBL Co., Ltd.

Subsidiary

Tokyo

Japan

Securities

 

 

Hitachi Capital (Thailand) Co., Ltd.

Subsidiary

Bangkok

Thailand

Commercial and Industrial Rental

 

 

Hitachi America Limited

Subsidiary

Tarrytown, NY

United States

Semiconductor and Other Electronic Component Manufacturing

81,664.3

4,400

Hitachi America Limited

Branch

Chula Vista, CA

United States

Medical Equipment and Supplies

34.0

125

Hitachi America Limited

Branch

Dallas, TX

United States

Semiconductor and Other Electronic Component Manufacturing

29.1

30

Hitachi Kokusai Electric America

Subsidiary

Woodbury, NY

United States

Medical Equipment and Supplies

7.3

30

Hitachi Kokusai Electric America

Branch

Vancouver, WA

United States

Semiconductor and Other Electronic Component Manufacturing

18.2

30

Mechanical Dynamics & Analysis

Subsidiary

Latham, NY

United States

Civil Engineering

 

30

Mechanical Dynamics & Analysis

Branch

Sappington, MO

United States

Civil Engineering

6.5

30

Turbo Parts LLC

Branch

Clifton Park, NY

United States

Electronics Wholesale

25.9

20

Power Generation Services

Branch

Anoka, MN

United States

Machinery and Equipment Manufacturing

7.1

20

Mechanical Dynamics & Analysis

Branch

Willoughby, OH

United States

Civil Engineering

4.3

20

Celerant Consulting Inc

Subsidiary

Waltham, MA

United States

Consulting Services

7.0

25

Celerant Government Services Inc

Branch

Waltham, MA

United States

Consulting Services

20.9

75

Hitachi Via Mechanics USA Inc

Subsidiary

San Jose, CA

United States

Semiconductor and Other Electronic Component Manufacturing

 

17

Hitachi Via Mechanics

Subsidiary

Chandler, AZ

United States

Motor Vehicle Repair and Maintenance

0.3

3

Hitachi America Limited

Branch

Charlotte, NC

United States

Machinery Wholesale

32.0

13

Hitachi Solutions America Limited

Subsidiary

S San Francisco, CA

United States

Computer Programming

 

9

Hitachi America Limited

Branch

Los Angeles, CA

United States

Electronics Wholesale

15.4

6

Hitachi America Limited

Branch

Brookfield, WI

United States

Electronics Wholesale

12.9

6

Hitachi Consulting Corporation

Subsidiary

Dallas, TX

United States

Consulting Services

 

4,000

Celerant Consulting Investments Ltd.

Subsidiary

Richmond

United Kingdom

Holding Companies

183.7

466

Celerant Consulting Acquisitions Ltd.

Subsidiary

Richmond

United Kingdom

Holding Companies

 

 

Celerant Trustees Ltd.

Subsidiary

Richmond

United Kingdom

Miscellaneous Professional Services

 

 

Celerant Us Ltd.

Subsidiary

Richmond

United Kingdom

Holding Companies

 

 

Hitachi Consulting India Private Limited

Subsidiary

Pune

India

Computer System Design Services

 

350

Hitachi Consulting UK Ltd.

Subsidiary

London

United Kingdom

Computer System Design Services

93.3

213

Edenbrook Ltd.

Subsidiary

London

United Kingdom

Computer System Design Services

12.3

41

Hitachi Consulting

Branch

Irvine, CA

United States

Consulting Services

43.5

200

Hitachi Consulting

Branch

Seattle, WA

United States

Consulting Services

42.6

200

Hitachi Consulting

Branch

San Francisco, CA

United States

Consulting Services

26.1

120

Hitachi Consulting

Branch

Denver, CO

United States

Consulting Services

28.3

112

Hitachi Consulting

Branch

Houston, TX

United States

Consulting Services

21.0

90

Hitachi Consulting

Branch

New York, NY

United States

Consulting Services

21.0

75

Hitachi Consulting

Branch

Gaithersburg, MD

United States

Consulting Services

16.4

75

Hitachi Consulting

Subsidiary

Newark, CA

United States

Consulting Services

16.3

75

Sierra Atlantic UK Ltd.

Subsidiary

London

United Kingdom

Computer System Design Services

 

 

Hitachi Consulting

Branch

Los Angeles, CA

United States

Consulting Services

16.3

75

Hitachi Consulting

Branch

Bellevue, WA

United States

Consulting Services

16.0

75

Hitachi Consulting

Branch

Seattle, WA

United States

Consulting Services

16.0

75

Hitachi Consulting

Branch

Portland, OR

United States

Consulting Services

12.0

75

PRIZIM Inc.

Subsidiary

Gaithersburg, MD

United States

Consulting Services

 

45

Celerant Consulting Holdings Ltd.

Subsidiary

Richmond

United Kingdom

Holding Companies

 

23

Celerant Consulting Ltd.

Subsidiary

Richmond

United Kingdom

Consulting Services

33.1

99

Celerant Consulting

Subsidiary

Paris

France

Computer System Design Services

15.1

74

Celerant Consulting GmbH

Subsidiary

Düsseldorf, Nordrhein-Westfalen

Germany

Consulting Services

 

60

Celerant Consulting

Subsidiary

Diegem

Belgium

Consulting Services

23.9

 

Celerant Consulting Russia Ltd.

Subsidiary

Richmond

United Kingdom

Consulting Services

0.0

 

Celerant Unlimited

Subsidiary

Richmond

United Kingdom

Consulting Services

 

 

Hitachi Consulting

Branch

Boston, MA

United States

Consulting Services

5.6

20

Hitachi Consulting

Branch

Atlanta, GA

United States

Consulting Services

3.4

15

Hitachi Consulting (China) Co., Ltd.

Subsidiary

Shanghai

China

Computer System Design Services

 

 

Hitachi Consumer Marketing Inc

Subsidiary

Tokyo

Japan

Machinery Wholesale

 

2,970

Hitachi Information & Control Solutions, Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Computer Programming

 

2,600

Ibaraki Hitachi Information Service Co.,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Computer Programming

143.0

 

Hitachi Information & Control Solutions,Ltd.

Branch

Minato-Ku, Tokyo

Japan

Music

 

 

Hitachi Maxell Ltd

Subsidiary

Osaka

Japan

Music

 

2,563

Maxell Tohshin (Malaysia) Sdn. Bhd.

Subsidiary

Melaka, Melaka

Malaysia

Metal Products Manufacturing

43.3

500

Maxell Europe Ltd.

Subsidiary

Telford

United Kingdom

Magnetic and Optical Media Manufacturing

205.8

191

Maxell Europe Limited Magyarorszagi Fioktelepe

Subsidiary

Budapest

Hungary

Electronics Wholesale

18.2

10

Maxell Benelux B.V.

Subsidiary

Onbekend, Onbekend

Netherlands

Banking

17.6

 

Maxell Latin America S.A.

Subsidiary

Panama

Panama

Electronics Wholesale

16.5

40

Maxell Corporation of America

Subsidiary

Woodland Park, NJ

United States

Music

700.0

30

Maxell Corporation of America-Computer Products Div.

Division

Woodland Park, NJ

United States

Machinery and Equipment Manufacturing

 

60

Maxell Corporation-Battery Products Div.

Division

Woodland Park, NJ

United States

Machinery and Equipment Manufacturing

 

20

Maxell De México, S.A. De C.V.

Subsidiary

Tijuana, Baja California

Mexico

Music

 

 

Maxell Taiwan, Ltd.

Subsidiary

Taipei

Taiwan

Electronics Wholesale

 

17

Maxell Asia (Singapore) Pte Ltd.

Subsidiary

Singapore

Singapore

Magnetic and Optical Media Manufacturing

88.5

14

Maxell Spain S.A.

Subsidiary

Barcelona

Spain

Computer and Peripheral Equipment Manufacturing

 

5

Maxell Canada

Subsidiary

Concord, ON

Canada

Audio and Video Equipment Manufacturing

3.8

3

Maxell Deutschland GmbH

Subsidiary

Meerbusch

Germany

Electronics Wholesale

 

 

Maxell Asia, Ltd.

Subsidiary

Kowloon

Hong Kong

Audio and Video Equipment Manufacturing

 

 

Maxell (Shanghai) Trading Co., Ltd.

Subsidiary

Shanghai

China

Electrical Equipment and Appliances Manufacturing

 

 

Maxell Hungary KFT

Subsidiary

Budapest

Hungary

Electronics Wholesale

 

 

Hitachi Medical Corporation

Subsidiary

Tokyo

Japan

Appliance Repair and Maintenance

 

2,300

Hitachi Aloka Medical Ltd

Subsidiary

Tokyo

Japan

Electromedical and Control Instruments Manufacturing

744.3

1,376

Hitachi Aloka Medical Limited

Subsidiary

Wallingford, CT

United States

Professional and Commercial Equipment Wholesale

69.4

30

Hitachi Medical Systems Europe Holding AG

Subsidiary

Zug

Switzerland

Electromedical and Control Instruments Manufacturing

 

35

Hitachi Medical Systems GmbH

Subsidiary

Wiesbaden, Hessen

Germany

Professional and Commercial Equipment Wholesale

44.2

90

Hitachi Medical Systems S.A.S.

Subsidiary

Villebon-sur-Yvette

France

Professional and Commercial Equipment Wholesale

28.9

74

Hitachi Medical Systems SpA

Subsidiary

Assago, Milano

Italy

Miscellaneous Wholesale

26.1

29

Hitachi Medical Systems UK Ltd.

Subsidiary

Wellingborough

United Kingdom

Pharmacies and Personal Care Stores

3.6

21

Hitachi Medical Systems Gesmbh

Subsidiary

Wr. Neudorf, Niederösterreich

Austria

Department Stores

0.5

7

Hitachi Medical Systems BV

Subsidiary

Reeuwijk

Netherlands

Professional and Commercial Equipment Wholesale

 

7

Hitachi Medical Systems

Subsidiary

Mechelen

Belgium

Professional and Commercial Equipment Wholesale

0.0

6

Hitachi Medical Systems Kft.

Subsidiary

Budapest

Hungary

Professional and Commercial Equipment Wholesale

 

5

Hitachi Medical (Guangzhou) Co., Ltd.

Subsidiary

Guangzhou

China

Electromedical and Control Instruments Manufacturing

 

 

Babcock-Hitachi K.K.

Subsidiary

Tokyo

Japan

Machinery and Equipment Manufacturing

 

2,100

Clyde Babcock Hitachi

Subsidiary

Milton, QLD

Australia

Metal Products Manufacturing

77.6

500

Babcock-Hitachi Dongfang Boiler Co., Ltd.

Subsidiary

Jiaxing, Zhejiang

China

Machinery and Equipment Manufacturing

 

400

Bab-Hitachi Business Corporation

Subsidiary

Kure, Hiroshima

Japan

Computer Programming

86.6

 

Babcock Hitachi (Philippines) Inc.

Subsidiary

Makati

Philippines

Metal Products Manufacturing

 

 

Babcock-Hitachi (Philippines) Inc.

Subsidiary

Batangas

Philippines

Machinery and Equipment Manufacturing

 

 

Hitachi Elevator (China) Co Ltd

Subsidiary

Guangzhou, Guangdong Province

China

Machinery and Equipment Manufacturing

 

1,900

Guangzhou Ropen Technology Co., Ltd.

Subsidiary

Guangzhou, Guangdong

China

Semiconductor and Other Electronic Component Manufacturing

 

400

Hitachi Elevator (Shanghai) Co., Ltd

Subsidiary

Shanghai, Shanghai

China

Machinery and Equipment Manufacturing

 

100

Sichuan Hitachi Elevator Sales And Engineering Co., Ltd.

Subsidiary

Chengdu, Sichuan

China

Industrial Machinery Repair and Maintenance

6.6

90

HGST Japan Co., Ltd.

Subsidiary

Odawara, Kanagawa

Japan

Computer and Peripheral Equipment Manufacturing

 

1,800

Hitachi Construction Machinery Indonesia, PT

Subsidiary

Bekasi

Indonesia

Construction Machinery Manufacturing

 

1,605

Hitachi Electronic Products (M) Sdn Bhd

Subsidiary

Bandar Baru Bangi, Selangor

Malaysia

Electronics Wholesale

449.3

1,500

Hitachi (Hong Kong) Limited

Subsidiary

New Territories

Hong Kong

Electronics and Appliances Stores

 

1,500

Hitachi-GE Nuclear Energy, Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Machinery and Equipment Manufacturing

 

1,500

Hitachi-Omron Terminal Solutions, Corp.

Subsidiary

Owariasahi, Aichi

Japan

Computer and Peripheral Equipment Manufacturing

 

1,267

Hitachi Terminals Mechatronics Philippines Corporation

Subsidiary

Subic

Philippines

Computer and Peripheral Equipment Manufacturing

 

 

Hitachi Advanced Digital Inc

Subsidiary

Yokohama, Kanagawa Pref

Japan

Computer Programming

 

1,250

Hitachi Business Solution Co., Ltd

Subsidiary

Yokohama

Japan

Computer, Office Equipment and Software Merchant Wholesalers

 

1,186

Hitachi ULSI Systems Co Ltd

Subsidiary

Kokubunji

Japan

Semiconductor and Other Electronic Component Manufacturing

192.2

1,092

Akita Electronics Systems Co.,Ltd.

Subsidiary

Akita, Akita

Japan

Computer Programming

19.1

 

Hitachi Ulsi Systems Co.,Ltd.

Branch

Nagoya, Aichi

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Power Europe GmbH

Subsidiary

Duisburg, Nordrhein-Westfalen

Germany

Metal Products Manufacturing

829.1

1,070

Donges SteelTec GmbH

Subsidiary

Darmstadt, Hessen

Germany

Construction Machinery Manufacturing

101.9

350

Hitachi Power Africa Pty Ltd.

Subsidiary

Johannesburg

South Africa

Electricity Generation and Distribution

 

300

NEM BV

Subsidiary

Leiden

Netherlands

Metal Products Manufacturing

 

250

Hitachi Power Europe Service GmbH

Subsidiary

Duisburg, Nordrhein-Westfalen

Germany

Architecture and Engineering

30.8

232

Meeraner Dampfkesselbau GmbH

Subsidiary

Meerane, Sachsen

Germany

Metal Products Manufacturing

 

200

Hitachi Electronic Devices (Wujiang) Co., Ltd.

Subsidiary

Wujiang, Jiangsu

China

Semiconductor and Other Electronic Component Manufacturing

 

1,000

Hitachi Home & Life Solutions India Ltd.

Subsidiary

Mehsana

India

Electrical Equipment and Appliances Manufacturing

171.4

960

Hitachi Appliances, Inc.

Branch

Tokyo

Japan

Electrical Equipment and Appliances Manufacturing

 

17,700

Hitachi Air Conditioning Products (M) Sdn Bhd

Subsidiary

Bandar Baru Bangi, Selangor

Malaysia

Machinery and Equipment Manufacturing

113.8

750

Hitachi Air Conditioning Products Europe Sa

Subsidiary

Vacarisses, Barcelona

Spain

Motor Vehicle Parts Manufacturing

96.5

242

Hitachi Softec Co., Ltd.

Subsidiary

Tokyo

Japan

Computer Programming

 

210

Hitachi Air Conditioning Products (Phils.) Inc.

Subsidiary

Subic

Philippines

Motor Vehicle Parts Manufacturing

 

152

Hitachi Air Conditioning Products (Phils.) Inc. - Subic Bay Plant

Facility

Subic

Philippines

Motor Vehicle Parts Manufacturing

 

160

Hitachi Industrial Machinery Phils. Corp.

Subsidiary

Dasmarinas, Cavite

Philippines

Machinery and Equipment Manufacturing

 

119

Kanto Eco Recycle Co., Ltd.

Subsidiary

Tochigi, Tochigi

Japan

Waste Management

28.1

80

Hitachi Ar Condicionado Do Brasil Ltda.

Subsidiary

Manaus, Amazonas

Brazil

Motor Vehicle Parts Manufacturing

111.9

50

Hitachi Air-Conditioning Systems (Hong Kong) Co., Ltd.

Subsidiary

Kowloon

Hong Kong

Construction and Hardware Materials Wholesale

 

7

Hitachi Reftechno, Inc.

Subsidiary

Tochigi, Tochigi

Japan

Motor Vehicle Parts Manufacturing

290.5

 

Hitachi Air Conditioning Kanto Co., Ltd.

Subsidiary

Nerima-Ku, Tokyo

Japan

Machinery Wholesale

191.2

 

Niigata Hitachi Co.,Ltd.

Subsidiary

Niigata, Niigata

Japan

Machinery Wholesale

100.0

 

Kyushu Hitachi Kucho K.K.

Subsidiary

Fukuoka, Fukuoka

Japan

Machinery Wholesale

55.3

 

Hitachi Air Conditioning Kansai Co., Ltd.

Subsidiary

Osaka, Osaka

Japan

Machinery Wholesale

46.2

 

Shizuoka Hitachi Reinetsu Co., Ltd.

Subsidiary

Shizuoka, Shizuoka

Japan

Machinery Wholesale

45.0

 

Hitachi Air Conditioning Techno Servise Co., Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Specialty Construction Trade Contractors

15.4

 

Shanghai Hitachi Electrical Appliance Co., Ltd.

Subsidiary

Shanghai

China

Motor Vehicle Parts Manufacturing

 

 

Hitachi Compressor (Thailand), Ltd.

Subsidiary

Ayutthaya

Thailand

Machinery and Equipment Manufacturing

 

 

Hitachi Tochigi Electronics (Thailand) Co., Ltd.

Subsidiary

Rayong

Thailand

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Compressor Products (Guangzhou) Co., Ltd.

Subsidiary

Conghua, Guangzhou

China

Machinery and Equipment Manufacturing

 

 

Shanghai Hitachi Household Appliances Co., Ltd.

Subsidiary

Shanghai

China

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Air Conditioning Products Brazil, Ltd.

Subsidiary

Sao Paulo

Brazil

Motor Vehicle Parts Manufacturing

 

 

Unisia Mexicana, S.A. de C.V.

Subsidiary

Lerma, Estado de México

Mexico

Motor Vehicle Parts Manufacturing

 

800

Hitachi Via Mechanics, Ltd.

Subsidiary

Ebina, Kanagawa

Japan

Semiconductor and Other Electronic Component Manufacturing

 

800

Air Bearings Ltd.

Subsidiary

Poole

United Kingdom

Machinery and Equipment Manufacturing

9.7

139

Hitachi Via Mechanics (USA), Inc.

Subsidiary

San Jose, CA

United States

Electronics Wholesale

2.6

15

Hitachi Via Mechanics (Shanghai) Ltd.

Subsidiary

Shanghai

China

Machinery Wholesale

 

 

Hitachi Via Asia (Thailand) Co., Ltd.

Subsidiary

Bangkok

Thailand

Machinery Wholesale

 

 

Hitachi Tool Engineering Ltd

Subsidiary

Tokyo

Japan

Machinery and Equipment Manufacturing

216.8

715

Hitachi Tool Engineering Europe GmbH

Subsidiary

Hilden, Nordrhein-Westfalen

Germany

Machinery and Equipment Manufacturing

 

70

Hitachi Tool Engineering (Shanghai) Ltd.

Subsidiary

Shanghai

China

Machinery Wholesale

 

 

Hitachi Consumer Electronics Co., Ltd.

Subsidiary

Tokyo

Japan

Semiconductor and Other Electronic Component Manufacturing

 

700

Hitachi Joei Tech Co.,Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Semiconductor and Other Electronic Component Manufacturing

87.9

362

Hitachi Media Electronics Co.,Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Semiconductor and Other Electronic Component Manufacturing

725.9

 

Kabushiki Kaisha Hitachi Media Electronics

Branch

Tsim Sha Tsui, Kowloon

Hong Kong

Electronics Wholesale

348.1

8

Hitachi Consumer Electronics Co., Ltd. - Yokohama Works

Facility

Yokohama

Japan

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Metglas (India) Pvt. Ltd.

Subsidiary

Gurgaon

India

Semiconductor and Other Electronic Component Manufacturing

 

700

Changsha Hitachi Automotive Products Ltd.

Joint Venture

Changsha, Hunan

China

Electrical Equipment and Appliances Manufacturing

 

600

Hitachi Highly Automotive Products (Shanghai) Ltd.

Subsidiary

Shanghai

China

Motor Vehicle Parts Manufacturing

 

600

Hitachi Joei Tech Co Ltd

Subsidiary

Yokohama

Japan

Furniture Manufacturing

112.8

588

Siam Hitachi Automotive Products Ltd.

Subsidiary

Chon Buri

Thailand

Motor Vehicle Parts Manufacturing

 

580

Hitachi Power Engineering Co., Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Machinery and Equipment Manufacturing

 

570

Horizon Nuclear Power Oldbury Ltd.

Subsidiary

Gloucester

United Kingdom

Electricity Generation and Distribution

 

140

Hitachi Advanced Systems Corporation

Subsidiary

Yokohama, Kanagawa

Japan

Computer Programming

92.9

411

Hitachi Asia Ltd

Subsidiary

Singapore

Singapore

Computer and Peripheral Equipment Manufacturing

1,025.4

400

Hitachi Chemical (Singapore) Pte. Ltd.

Subsidiary

Singapore

Singapore

Semiconductor and Other Electronic Component Manufacturing

126.7

800

Hitachi Elevator Asia Pte. Ltd.

Subsidiary

Singapore

Singapore

Machinery and Equipment Manufacturing

132.0

361

Hitachi Aqua-Tech Engineering Pte. Ltd.

Subsidiary

Singapore

Singapore

Water and Sewage Services

 

243

Hitachi Construction Machinery Asia and Pacific Pte Ltd.

Subsidiary

Singapore

Singapore

Construction Machinery Manufacturing

 

100

Hitachi High-Technologies (Singapore) Pte. Ltd.

Subsidiary

Singapore

Singapore

Electronics Wholesale

186.7

85

Hitachi High-Technologies Ipc (Malaysia) Sdn Bhd

Subsidiary

Kuala Lumpur, Kuala Lumpur

Malaysia

Chemical Wholesale

44.7

34

Hitachi High Technologies (Singapore) Pte. Ltd. - Manila Branch

Subsidiary

Makati, NC

Philippines

Electronics Wholesale

 

2

Hitachi Asia (Thailand) Company Limited

Subsidiary

Bang Rak, Bangkok

Thailand

Construction and Hardware Materials Wholesale

 

80

Hitachi Cable Asia Pacific (Hcap) Pte. Ltd.

Subsidiary

Singapore

Singapore

Electronics Wholesale

283.0

60

Hitachi Home Electronics Asia (S) Pte. Ltd.

Subsidiary

Singapore

Singapore

Audio and Video Equipment Manufacturing

107.5

49

Hitachi Metals Singapore Pte. Ltd.

Subsidiary

Singapore

Singapore

Metals and Minerals Wholesale

167.2

47

Hitachi Data Systems Pte. Ltd.

Subsidiary

Singapore

Singapore

Computer System Design Services

 

40

Hitachi Chemical Asia-Pacific Pte. Ltd.

Subsidiary

Singapore

Singapore

Miscellaneous Chemical Manufacturing

135.4

34

Hitachi Asia (Malaysia) Sdn. Bhd.

Subsidiary

Kuala Lumpur, Wilayah Persekutuan

Malaysia

Home and Garden Retail

12.4

30

Hitachi Via Asia Pte Ltd.

Subsidiary

Singapore

Singapore

Electronics Wholesale

 

23

Hitachi Via Asia Pte. Ltd.

Branch

Mongkok, Kowloon

Hong Kong

Machinery Wholesale

 

13

Hitachi Via Asia Pte. Ltd. - Philippine Branch

Subsidiary

Muntinlupa

Philippines

Facilities Management

 

4

Hitachi International Treasury Ltd.

Subsidiary

Singapore

Singapore

Executive and Legislature

 

18

Hitachi Medical Systems (S) Pte Ltd.

Subsidiary

Singapore

Singapore

Professional and Commercial Equipment Wholesale

 

11

Hitachi Consulting Singapore Pte Ltd.

Subsidiary

Singapore

Singapore

Computer System Design Services

 

10

Hitachi Asia Ltd. - Philippine Branch

Subsidiary

Makati

Philippines

Executive and Legislature

0.0

6

Hitachi Transport Systems Ltd.

Subsidiary

Barcelona

Spain

Consulting Services

 

 

Bab-Hitachi Software

Subsidiary

Kure

Japan

Software

 

392

Siam-Hitachi Elevator Co., Ltd.

Subsidiary

Bangkok

Thailand

Machinery and Equipment Manufacturing

 

390

Siam-Hitachi Elevator Co., Ltd. - Chonburi Factory

Facility

Chon Buri

Thailand

Machinery and Equipment Manufacturing

 

170

Hitachi Data Systems Ltd.

Subsidiary

Slough

United Kingdom

Computer System Design Services

1,077.5

340

Hitachi Consulting Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Consulting Services

88.5

315

Hitachi Technical Communications Co.,Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Internet and Web Services

34.5

246

Hitachi Europe Ltd.

Subsidiary

Maidenhead

United Kingdom

Miscellaneous Professional Services

455.8

229

The Railway Engineering Co. Ltd.

Subsidiary

Bradford-On-Avon

United Kingdom

Miscellaneous Professional Services

7.4

38

Hitachi Cable UK, Ltd.

Subsidiary

Ebbw Vale

United Kingdom

Rubber and Plastic Product Manufacturing

25.0

25

Hitachi Europe Ltd

Branch

Oslo, Oslo

Norway

Electronics Wholesale

 

 

Hitachi Visaginas Project Investment UK Ltd.

Subsidiary

Maidenhead

United Kingdom

Holding Companies

 

 

Hitachi Tool Engineering Europe (UK) Ltd.

Subsidiary

Nuneaton

United Kingdom

Machinery Wholesale

 

 

Hitachi Europe Ltd. - Air Conditioning and Refrigeration Group Division

Division

Maidenhead

United Kingdom

Motor Vehicle Parts Manufacturing

 

 

Hitachi Europe Ltd. - Digital Media Group Division

Division

Maidenhead

United Kingdom

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Europe Ltd. - Information Systems Group Division

Division

Maidenhead

United Kingdom

Computer System Design Services

 

 

Hitachi Europe Ltd. - Power Device Division

Division

Maidenhead

United Kingdom

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Automotive Systems Europe GmbH

Subsidiary

Oberding, Bayern

Germany

Motor Vehicle Parts Manufacturing

417.5

200

Hitachi Automotive Systems Czech, S.R.O.

Subsidiary

Velemysleves

Czech Republic

Motor Vehicle Parts Manufacturing

0.5

250

Hitachi Automotive Systems Europe Gesellschaft Mit Beschränkter Haftung

Branch

Roßwein, Sachsen

Germany

Semiconductor and Other Electronic Component Manufacturing

 

70

Hitachi Automotive Systems Europe GmbH - Dusseldorf

Branch

Dusseldorf

Germany

Motor Vehicle Parts Manufacturing

 

9

Hitachi (Shanghai) Trading Co., Ltd.

Subsidiary

Shanghai

China

Machinery Wholesale

 

200

Hitachi Computer Products (Europe) SAS

Subsidiary

Olivet

France

Computer and Peripheral Equipment Manufacturing

392.3

178

Hitachi Cable America Inc

Subsidiary

Manchester, NH

United States

Specialty Construction Trade Contractors

25.5

170

Hitachi Consulting Europe Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Personal Services

1.7

150

Hitachi Consulting Portugal S.A.

Subsidiary

Lisbon

Portugal

Computer System Design Services

4.5

45

Techna Co. Ltd.

Subsidiary

Toyohashi, Aichi Ken

Japan

Furniture Manufacturing

 

150

Hitachi Rail Europe Ltd.

Subsidiary

London

United Kingdom

Railroad Transport

25.2

140

Agility Trains West (Holdings) Ltd.

Subsidiary

London

United Kingdom

Holding Companies

 

 

Agility Trains West (Midco) Ltd.

Subsidiary

London

United Kingdom

Holding Companies

 

 

Agility Trains West Ltd.

Subsidiary

London

United Kingdom

Train and Railroad Equipment Manufacturing

 

 

Hitachi ID Systems, Inc.

Subsidiary

Calgary, AB

Canada

Computer Programming

 

140

Shoden Data Systems (Pty) Ltd

Subsidiary

Bryanston

South Africa

Computer, Office Equipment and Software Merchant Wholesalers

 

135

Hitachi Sales Corporation Of Taiwan

Subsidiary

Taipei City, Taipei

Taiwan

Electronics Wholesale

 

130

Hitachi, Ltd. Philippine Branch

Subsidiary

Makati

Philippines

Consulting Services

 

130

Beijing Hitachi Control System Co., Ltd.

Subsidiary

Beijing, Beijing

China

Electrical Equipment and Appliances Manufacturing

 

120

Hitachi Air Conditioning Europe SAS

Subsidiary

Velizy-Villacoublay

France

Construction and Hardware Materials Wholesale

266.6

112

Hitachi Public Service Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Miscellaneous Professional Services

6.2

111

Hitachi America, Ltd.

Subsidiary

Brisbane, CA

United States

Holding Companies

49.5

100

Hitachi Data Systems Corporation

Subsidiary

Santa Clara, CA

United States

Computer, Office Equipment and Software Merchant Wholesalers

1,900.0

2,500

Hitachi Data Systems India Private Limited

Subsidiary

Mumbai, Maharashtra

India

Computer and Peripheral Equipment Manufacturing

 

700

BlueArc Corporation

Subsidiary

San Jose, CA

United States

Computer and Peripheral Equipment Manufacturing

85.6

296

Hitachi Data Systems Engineering UK Ltd.

Subsidiary

Bracknell

United Kingdom

Software

22.1

95

Hitachi Data Systems

Branch

Plainfield, IN

United States

Computer, Office Equipment and Software Merchant Wholesalers

314.1

200

Hitachi Data Systems

Branch

San Diego, CA

United States

Computer, Office Equipment and Software Merchant Wholesalers

269.5

150

Hitachi Data Systems S.A.

Subsidiary

Ciudad De Buenos Aires, Ciudad De Buenos Aires

Argentina

Software

 

100

Hitachi Data Systems

Branch

Dallas, TX

United States

Computer, Office Equipment and Software Merchant Wholesalers

141.8

78

Hitachi Data Systems

Branch

Piscataway, NJ

United States

Computer, Office Equipment and Software Merchant Wholesalers

140.4

78

Hitachi Data Systems

Branch

Anaheim, CA

United States

Computer, Office Equipment and Software Merchant Wholesalers

140.1

78

Hitachi Data Systems

Branch

Schaumburg, IL

United States

Computer, Office Equipment and Software Merchant Wholesalers

134.2

78

Hitachi Data Systems

Branch

Durham, NC

United States

Computer, Office Equipment and Software Merchant Wholesalers

127.3

78

Hitachi Data Systems

Branch

St Louis, MO

United States

Computer, Office Equipment and Software Merchant Wholesalers

125.1

78

Hitachi Data Systems

Branch

Zionsville, IN

United States

Computer, Office Equipment and Software Merchant Wholesalers

122.5

78

Hitachi Data Systems

Branch

Bloomington, MN

United States

Computer, Office Equipment and Software Merchant Wholesalers

120.5

78

Hitachi Data Systems

Branch

Glendale, WI

United States

Computer, Office Equipment and Software Merchant Wholesalers

117.0

78

Hitachi Data Systems

Branch

New York, NY

United States

Computer and Peripheral Equipment Manufacturing

54.3

50

Hitachi Data Systems Nederland BV

Subsidiary

Amsterdam

Netherlands

Computer System Design Services

 

50

Hitachi Data Systems A/S

Subsidiary

Nærum

Denmark

Computer and Peripheral Equipment Manufacturing

27.9

35

Hitachi Data Systems, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Computer, Office Equipment and Software Merchant Wholesalers

22.4

30

Hitachi Data Systems

Branch

Hanover, MD

United States

Computer Programming

6.1

30

Hongkong Hitachi Data System Co., Ltd. Shanghai Representative Office

Branch

Shanghai, Shanghai

China

Data Processing

 

30

Hitachi Data Systems (Spain)

Subsidiary

Barcelona

Spain

Computer System Design Services

 

30

Hitachi Data Systems Inc.

Subsidiary

Montreal, QC

Canada

Electronics and Appliances Stores

11.4

25

Hitachi Data Systems

Branch

Kirkland, WA

United States

Electronics and Appliances Stores

7.1

25

Hitachi Data Systems

Branch

Reston, VA

United States

Semiconductor and Other Electronic Component Manufacturing

5.4

20

Hitachi Data Systems Limited

Subsidiary

Taipei

Taiwan

Computer System Design Services

 

20

Hitachi Data Systems

Branch

Blue Ash, OH

United States

Data Processing

3.8

19

Hitachi Data Systems

Branch

Rancho Cordova, CA

United States

Computer and Peripheral Equipment Manufacturing

18.1

15

Hitachi Data Systems AS

Subsidiary

Lysaker

Norway

Electronics Wholesale

34.9

13

Hitachi Data Systems, C.A.

Subsidiary

Caracas, Distrito Federal

Venezuela

Computer System Design Services

 

12

Hitachi Data Systems (Chile) Limitada

Subsidiary

Las Condes, Santiago

Chile

Computer System Design Services

 

12

Hitachi Data Systems

Branch

Englewood, CO

United States

Semiconductor and Other Electronic Component Manufacturing

3.0

11

Hitachi Data Systems

Branch

Waltham, MA

United States

Electronics and Appliances Stores

2.4

10

Hitachi Data Systems (Polska) Sp. z.o.o.

Subsidiary

Warsaw

Poland

Computer System Design Services

 

10

Hitachi Data Systems Pte Ltd

Subsidiary

Jakarta, Jakarta

Indonesia

Computer System Design Services

 

10

Hitachi Data Systems

Branch

Atlanta, GA

United States

Computer and Peripheral Equipment Manufacturing

10.0

8

Hitachi Data Systems

Branch

Farmington, CT

United States

Computer, Office Equipment and Software Merchant Wholesalers

8.8

5

Hitachi Data Systems

Branch

Des Moines, IA

United States

Computer, Office Equipment and Software Merchant Wholesalers

7.4

5

Cofio Software

Subsidiary

San Diego, CA

United States

Electronics and Appliances Stores

1.1

4

Hitachi Data System (Thailand)

Subsidiary

Pathum Wan, Bangkok

Thailand

Paper Wholesale

 

4

Shoden Data Systems (Pty) Ltd

Subsidiary

Johannesburg, Gauteng

South Africa

Data Processing

 

 

Hitachi Data Systems Ltd.

Subsidiary

Causeway Bay

Hong Kong

Computer System Design Services

 

 

Hitachi Data System Co., Ltd. Guangzhou Rep. Office

Branch

Guangzhou, Guangdong

China

Miscellaneous Professional Services

 

 

Hitachi Data Systems Korea Limited

Subsidiary

Seoul

Korea, Republic of

Computer System Design Services

 

 

Hitachi Data Systems Europe Holdings B.V.

Subsidiary

Zaltbommel, Gelderland

Netherlands

Banking

 

 

Hitachi Data Systems GmbH

Subsidiary

Dreieich, Hessen

Germany

Computer System Design Services

188.4

192

Hitachi Data Systems Italia s.r.l.

Subsidiary

Milan

Italy

Computer System Design Services

45.1

59

Hitachi Data Systems Oy

Subsidiary

Espoo

Finland

Computer System Design Services

26.9

18

Hitachi Data Systems Israel Ltd.

Subsidiary

Herzliyya

Israel

Computer, Office Equipment and Software Merchant Wholesalers

 

 

Hitachi Data Systems Holding Corporation

Subsidiary

Santa Clara, CA

United States

Investment Services

 

 

Hitachi Data Systems Credit Corporation

Subsidiary

Santa Clara, CA

United States

Investment Services

 

 

Hitachi Data Systems India Pvt. Ltd.

Subsidiary

Bengaluru

India

Computer System Design Services

 

 

Hitachi Data Systems S.A. (Barcelona)

Subsidiary

Barcelona

Spain

Computer System Design Services

 

 

Hitachi Computer Products (America), Inc.

Subsidiary

Norman, OK

United States

Computer and Peripheral Equipment Manufacturing

 

500

Hitachi Computer Products

Branch

Waltham, MA

United States

Electronics and Appliances Stores

2.4

10

Hitachi Medical Systems America, Inc.

Subsidiary

Twinsburg, OH

United States

Professional and Commercial Equipment Wholesale

186.0

140

Hitachi Power Systems America, Ltd.

Branch

Basking Ridge, NJ

United States

Electronics Wholesale

 

130

HVBAE Power Systems Inc.

Joint Venture

Suwanee, GA

United States

Electrical Equipment and Appliances Manufacturing

25.9

80

Hitachi Chemical Diagnostics, Inc.

Subsidiary

Mountain View, CA

United States

Diagnostic Laboratories

 

80

Hitachi Telecom (USA), Inc.

Subsidiary

Norcross, GA

United States

Communications Equipment Manufacturing

200.0

70

Hitachi Communication Tchnlgs

Branch

Santa Clara, CA

United States

Communications Equipment Manufacturing

3.6

13

Hitachi Metals North Carolina, Ltd.

Subsidiary

China Grove, NC

United States

Metal Products Manufacturing

14.0

70

Hitachi Electronics Engineering America

Subsidiary

San Jose, CA

United States

Electronics Wholesale

 

20

Hitachi Chemical Research Center, Inc.

Subsidiary

Irvine, CA

United States

Research and Development Services

 

15

Hitachi Construction Machinery Holding U.S.A Corporation.

Subsidiary

Kernersville, NC

United States

Investment Services

4.5

8

Professional Industrial Sales

Subsidiary

Fair Lawn, NJ

United States

Electronics and Appliances Stores

 

 

Hitachi Cable Automotive Products USA, Inc.

Subsidiary

Pensacola, FL

United States

Rubber and Plastic Product Manufacturing

 

 

Hitachi Sales (Thailand), Ltd.

Subsidiary

Bangkok

Thailand

Electronics Wholesale

 

100

Hitachi Lighting, Ltd.

Subsidiary

Tokyo

Japan

Electrical Equipment and Appliances Manufacturing

 

100

Hitachi Elevator Philippines Corporation

Subsidiary

Quezon City

Philippines

Specialty Construction Trade Contractors

 

100

Hitachi Foods & Logistics Systems Inc.

Subsidiary

Chuo-Ku, Tokyo

Japan

Computer Programming

57.8

98

Hitachi Data Systems Asia Pacific Pty Ltd

Subsidiary

North Ryde, NSW

Australia

Computer, Office Equipment and Software Merchant Wholesalers

124.2

90

Horizon Nuclear Power Ltd.

Subsidiary

Gloucester

United Kingdom

Electricity Generation and Distribution

 

88

Horizon Nuclear Power Services Ltd.

Subsidiary

Gloucester

United Kingdom

Electricity Generation and Distribution

 

88

Horizon Nuclear Power Wylfa Ltd.

Subsidiary

Gloucester

United Kingdom

Electricity Generation and Distribution

 

 

Iteration2

Subsidiary

Irvine, CA

United States

Computer Programming

17.1

85

Hitachi Europe GmbH

Subsidiary

Düsseldorf, Nordrhein-Westfalen

Germany

Electronics Wholesale

40.8

80

Hitachi Europe GmbH - European Procurement and Sourcing Group Division

Division

Dusseldorf

Germany

Miscellaneous Professional Services

 

80

Hitachi Europe GmbH - Digital Media Group Division

Division

Dusseldorf

Germany

Communications Equipment Manufacturing

 

 

Hitachi India Pvt. Ltd.

Subsidiary

New Delhi

India

Electrical Equipment and Appliances Manufacturing

 

70

Hitachi Data Systems AG

Subsidiary

Wallisellen

Switzerland

Computer, Office Equipment and Software Merchant Wholesalers

90.3

60

Hitachi Data Systems B.V.

Subsidiary

Amsterdam

Netherlands

Computer System Design Services

50.4

60

PT. Hitachi Modern Sales Indonesia

Subsidiary

Jakarta

Indonesia

Electronics Wholesale

 

50

Hitachi High-Technologies (Thailand) Ltd.

Subsidiary

Bangkok

Thailand

Electronics Wholesale

 

46

Beijing Hitachi Elevator Sales & Marketing Co., Ltd.

Subsidiary

Beijing

China

Machinery Wholesale

 

45

Hitachi Canada Ltd.

Subsidiary

Mississauga, ON

Canada

Electrical Equipment and Appliances Manufacturing

 

40

Hitachi Construction Truck Manufacturing, Ltd.

Subsidiary

Guelph, ON

Canada

Motor Vehicle Manufacturing

154.9

300

Hitachi Canada LTD

Branch

Calgary, AB

Canada

Electronics Wholesale

11.9

12

Hitachi Canada Ltd. - Calgary Power and Industry Division

Division

Calgary, AB

Canada

Electrical Equipment and Appliances Manufacturing

 

10

Hitachi Lift India Pvt. Ltd.

Subsidiary

New Delhi

India

Machinery and Equipment Manufacturing

 

40

Hitachi Fercad Power Tools Italia S.P.A.

Subsidiary

Altavilla Vicentina, Vicenza

Italy

Machinery Wholesale

32.7

38

Hitachi Medical Systems Sl

Subsidiary

Madrid

Spain

Professional and Commercial Equipment Wholesale

3.3

30

AccSys Technology, Inc.

Subsidiary

Pleasanton, CA

United States

Electrical Equipment and Appliances Manufacturing

 

30

Hitachi Australia Pty Ltd.

Subsidiary

Sydney, NSW

Australia

Electronics Wholesale

4.1

23

Hitachi Brasil Ltda.

Subsidiary

Sao Paulo

Brazil

Semiconductor and Other Electronic Component Manufacturing

 

22

Hitachi High Technologies do Brasil Ltda.

Subsidiary

Sao Paulo

Brazil

Professional and Commercial Equipment Wholesale

 

150

Hitachi Sistemas Medicos do Brasil Ltda.

Subsidiary

Sao Paulo

Brazil

Professional and Commercial Equipment Wholesale

 

6

Hitachi Ar Condicionado do Brasil Ltda.

Subsidiary

Sao Paulo

Brazil

Motor Vehicle Parts Manufacturing

 

 

Hitachi Kokusai Linear Equipamentos Eletronicos S/A

Subsidiary

Santa Rita do Sapucai, Minas Gerais

Brazil

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Data Systems Belgium

Subsidiary

Sint-Stevens-Woluwe

Belgium

Computer System Design Services

21.9

20

Hitachi Drives & Automation GmbH

Subsidiary

Düsseldorf, Nordrhein-Westfalen

Germany

Semiconductor and Other Electronic Component Manufacturing

 

16

Hitachi Europe A.B. (GREECE)

Subsidiary

Halandri

Greece

Electrical Equipment and Appliances Manufacturing

 

16

Hitachi Europe S.r.l.

Subsidiary

Milan

Italy

Motor Vehicle Parts Manufacturing

10.0

15

Hitachi Europe Sa

Subsidiary

Barcelona

Spain

Electronics Wholesale

4.3

14

Hitachi Automotive Systems (S) Pte Ltd.

Subsidiary

Singapore

Singapore

Motor Vehicle Wholesale

 

14

Hitachi Ltd

Subsidiary

Dubai, Dubai

United Arab Emirates

Electronics Wholesale

 

12

Hitachi Cable America, Inc.

Subsidiary

White Plains, NY

United States

Electronics Wholesale

88.3

11

Hc Querétaro, S.A. De C.V.

Subsidiary

El Marques, Queretaro

Mexico

Rubber and Plastic Product Manufacturing

21.0

189

Hitachi Cable America, Inc. - Manchester Plant

Facility

Manchester, NH

United States

Metal Products Manufacturing

 

170

Hitachi Cable America Inc

Branch

San Jose, CA

United States

Metals and Minerals Wholesale

18.6

7

Hitachi Cable America Inc

Branch

San Jose, CA

United States

Metals and Minerals Wholesale

18.6

7

Hitachi Cable Indiana Inc

Branch

New Albany, IN

United States

Metals and Minerals Wholesale

11.2

5

Hitachi Cable America, Inc. - Florida Plant

Facility

Pensacola, FL

United States

Motor Vehicle Parts Manufacturing

 

 

Hitachi Cable America, Inc. - Indiana Plant

Facility

New Albany, IN

United States

Motor Vehicle Parts Manufacturing

 

 

Hong Kong AIC Limited

Subsidiary

Kowloon

Hong Kong

Semiconductor and Other Electronic Component Manufacturing

 

10

Hitachi Kokusai Electric U.K. Ltd.

Subsidiary

Waltham Cross

United Kingdom

Communications Equipment Manufacturing

 

9

Neuron Electronics, Inc

Subsidiary

Torrance, CA

United States

Electronics Wholesale

 

6

Hitachi Solutions Europe A.G.

Subsidiary

Berlin

Germany

Computer System Design Services

 

6

Hitachi Solutions Europe S.A.S

Subsidiary

Paris

France

Computer System Design Services

 

6

Hitachi Data Systems AB (Gothenburg)

Subsidiary

Gothenburg

Sweden

Computer System Design Services

44.9

4

Hitachi Mobile Singapore Pte. Ltd.

Subsidiary

Singapore

Singapore

Motor Vehicle Wholesale

2.5

3

Maxell Scandinavia AB

Subsidiary

Sollentuna, Stockholm

Sweden

Electrical Equipment and Appliances Manufacturing

18.7

2

Hitachi Insurance Services (Hong Kong) Ltd.

Subsidiary

Kowloon

Hong Kong

Insurance Agents

 

2

Hitachi Automotive Systems, Ltd.

Subsidiary

Tokyo

Japan

Holding Companies

9,694.0

 

Tokico (Thailand) Ltd.

Subsidiary

Nakhon Ratchasima

Thailand

Motor Vehicle Parts Manufacturing

 

870

Hitachi Automotive Systems Americas, Inc.

Subsidiary

Harrodsburg, KY

United States

Motor Vehicle Parts Manufacturing

400.0

750

Hitachi Automotive Systems Americas, Inc. - Berea Plant

Facility

Berea, KY

United States

Motor Vehicle Parts Manufacturing

508.6

903

Hitachi Automotive Systems

Branch

El Segundo, CA

United States

Motor Vehicle Parts Manufacturing

139.2

389

Hitachi Automotive Systems Americas, Inc. - Farmington Hills

Branch

Farmington Hills, MI

United States

Motor Vehicle Wholesale

34.0

200

Hitachi Automotive Systems Americas, Inc. - Georgia Plant

Facility

Monroe, GA

United States

Motor Vehicle Parts Manufacturing

83.3

175

Hitachi Automotive Systems

Branch

Torrance, CA

United States

Motor Vehicle Parts Manufacturing

46.5

130

Hitachi Automotive Systems Americas, Inc. - Los Angeles

Branch

Cypress, CA

United States

Motor Vehicle Wholesale

340.0

40

Hitachi Automotive Systems Americas, Inc. - Allen Park

Branch

Allen Park, MI

United States

Motor Vehicle Wholesale

165.4

40

Hitachi Automotive Products (Suzhou) LTD.

Subsidiary

Suzhou

China

Motor Vehicle Parts Manufacturing

141.3

350

Hitachi Automotive Systems Kyushu, Ltd.

Subsidiary

Chikujo-Gun, Fukuoka

Japan

Metal Products Manufacturing

222.3

298

Hitachi Automotive Systems Europe Ltd

Subsidiary

Bolton

United Kingdom

Miscellaneous Transportation Equipment Manufacturing

158.5

125

Hitachi Automotive Systems Steering,Ltd.

Subsidiary

Hiki-Gun, Saitama

Japan

Motor Vehicle Parts Manufacturing

733.6

 

Hitachi Car Engineerring Co.,Ltd.

Subsidiary

Hitachinaka, Ibaraki

Japan

Motor Vehicle Parts Manufacturing

387.7

 

Hitachi Automotive Systems Hanshin,Ltd.

Subsidiary

Sanda, Hyogo

Japan

Motor Vehicle Parts Manufacturing

320.0

 

Hitachi Auto Parts & Service Co., Ltd.

Subsidiary

Kawasaki, Kanagawa

Japan

Motor Vehicle Wholesale

251.8

 

Tokico Technology Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Machinery Wholesale

250.7

 

Hias Corporation

Subsidiary

Atsugi, Kanagawa

Japan

Grocery Wholesale

215.3

 

Hitachi Automotive Systems High Cast, Ltd.

Subsidiary

Kitakami, Iwate

Japan

Motor Vehicle Parts Manufacturing

150.9

 

Tokiko Nagano Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Professional and Commercial Equipment Wholesale

61.5

 

Palenet Co.,Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Commercial and Industrial Rental

43.9

 

JECS Corp.

Subsidiary

Isesaki, Gunma-ken

Japan

Motor Vehicle Parts Manufacturing

 

 

Hitachi Automotive Systems (China) Ltd.

Subsidiary

Guangzhou

China

Motor Vehicle Parts Manufacturing

 

 

Hitachi Automotive Systems Asia, Ltd.

Subsidiary

Chachoengsao

Thailand

Motor Vehicle Parts Manufacturing

 

 

Guangzhou Hitachi Unisia Automotive Parts Co., Ltd.

Subsidiary

Guangzhou, Guangdong

China

Motor Vehicle Parts Manufacturing

 

 

Hitachi Automotive Systems Europe (France)

Subsidiary

Velizy-Villacoublay

France

Motor Vehicle Parts Manufacturing

 

 

Hitachi Systems Co., Ltd.

Subsidiary

Shinagawa-Ku, Tokyo

Japan

Computer System Design Services

4,148.0

 

Hitachi Systems Engineering And Solutions, Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Computer Programming

160.7

 

Hitachi Systems Field And Facility Services, Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Miscellaneous Professional Services

136.3

 

Hitachi Systems Techno Services,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Data Processing

106.1

 

Kyushu Hitachi Systems, Ltd.

Subsidiary

Fukuoka, Fukuoka

Japan

Computer Programming

85.9

 

Hokkaidohitachishisutemuzu, K.K.

Subsidiary

Sapporo, Hokkaido

Japan

Specialty Construction Trade Contractors

76.5

 

Shikoku Hitachi Systems, Ltd.

Subsidiary

Takamatsu, Kagawa

Japan

Electronics Wholesale

38.7

 

Hitachi Consumer Marketing,Inc.

Subsidiary

Minato-Ku, Tokyo

Japan

Electronics Wholesale

3,517.2

 

Hitachi East Asia Limited

Subsidiary

Tsim Sha Tsui, Kowloon

Hong Kong

Electronics Wholesale

1,373.4

 

Taiwan Hitachi Asia Pacific Co., Ltd.

Subsidiary

Taipei City, Taipei

Taiwan

Electronics Wholesale

416.8

95

Hitachi-Omron Terminal Solutions, Corp.

Subsidiary

Shinagawa-Ku, Tokyo

Japan

Machinery and Equipment Manufacturing

1,189.3

 

Hitachi Terminals Mechatronics Philippines Corporation

Subsidiary

Olongapo City, Zambales

Philippines

Semiconductor and Other Electronic Component Manufacturing

 

700

Hitachi-Omron Terminal Solutions, Corp.

Branch

Toyokawa, Aichi

Japan

Computer and Peripheral Equipment Manufacturing

 

 

Hitachi Financial Equipment System (Shenzhen) Co., Ltd.

Subsidiary

Shenzhen, Guangdong

China

Machinery and Equipment Manufacturing

 

 

Hitachi-Lg Data Storage,Inc.

Subsidiary

Minato-Ku, Tokyo

Japan

Computer, Office Equipment and Software Merchant Wholesalers

722.8

 

Hitachi LG Data Storage Korea Inc.

Subsidiary

Seoul

Korea, Republic of

Computer, Office Equipment and Software Merchant Wholesalers

653.5

349

Hitachi Information & Telecommunication Engineering, Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Computer System Design Services

687.3

 

Alaxala Networks Corporation

Subsidiary

Kawasaki, Kanagawa

Japan

Semiconductor and Other Electronic Component Manufacturing

329.1

 

Hitachi Plant Services Co.,Ltd.

Subsidiary

Toshima-Ku, Tokyo

Japan

Specialty Construction Trade Contractors

277.9

 

Hitachi Plant Services Co. Ltd

Subsidiary

Singapore

Singapore

Architecture and Engineering

 

25

Hitachi Plant Engineering & Services,Ltd.

Subsidiary

Toshima-Ku, Tokyo

Japan

Specialty Construction Trade Contractors

239.1

 

Bab-Hitachi Industrial Co.

Subsidiary

Kure, Hiroshima

Japan

Electrical Equipment and Appliances Manufacturing

237.7

 

Hitachi Icc Co.,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Consulting Services

219.1

 

Hitachi Transportation Technologies Ltd.

Subsidiary

Kudamatsu, Yamaguchi

Japan

Architecture and Engineering

218.3

 

Hitachi Construstion Machinery Eurasia Sales Ooo

Subsidiary

Moscow

Russian Federation

Machinery Wholesale

208.7

 

Hitachi Government&Public Corporation System Engineering,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Computer Programming

202.9

 

Hitachi Intermedix Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Printing

182.7

 

H P Service Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Printing

59.5

 

Kansai Hitachi ,Ltd.

Subsidiary

Osaka, Osaka

Japan

Electronics Wholesale

177.6

 

Hitachi Hi-System21 Co.,Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Computer Programming

158.0

 

Hitachi Ins Software,Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Computer System Design Services

153.2

 

Acs Co., Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Computer Programming

19.9

126

Okinawa Hitachi Network Systems, Ltd.

Subsidiary

Naha, Okinawa

Japan

Computer Programming

19.0

 

Hitachi Haramachi Electronics Co.,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Motor Vehicle and Parts Dealers

148.0

 

Hitachi Ie Systems Co.,Ltd.

Subsidiary

Inazawa, Aichi

Japan

Electrical Equipment and Appliances Manufacturing

144.3

 

Ie Solution Service Co.,Ltd.

Subsidiary

Inazawa, Aichi

Japan

Electrical Equipment and Appliances Manufacturing

12.7

 

Hitachi Management Partner, Corp.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Data Processing

142.2

 

Kanto Hitachi Co., Ltd.

Subsidiary

Taito-Ku, Tokyo

Japan

Electronics Wholesale

137.2

 

Hitachi Kokubu Kiki Engineering Co.,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Electrical Equipment and Appliances Manufacturing

128.6

 

Kanto Hitachi Co., Ltd.

Subsidiary

Saitama, Saitama

Japan

Electronics Wholesale

124.9

 

Shizuoka Hitachi Co., Ltd.

Subsidiary

Shizuoka, Shizuoka

Japan

Electronics Wholesale

120.3

 

Touhoku Hitachi Co., Ltd.

Subsidiary

Sendai, Miyagi

Japan

Electronics Wholesale

102.5

 

Hitachi Procurement Service Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Paper Wholesale

99.4

 

Hitachi Business International,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Miscellaneous Professional Services

98.7

 

Hitachi Insphama.Ltd.

Subsidiary

Osaka, Osaka

Japan

Data Processing

98.1

 

Hitachi Security Service Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Investigation and Security Services

96.7

 

Hitachi Communication Networks,Ltd.

Subsidiary

Ota-Ku, Tokyo

Japan

Electronics Wholesale

96.6

 

Hokkaido Hitachi, K.K.

Subsidiary

Sapporo, Hokkaido

Japan

Electronics Wholesale

90.9

 

Hitachi Architects & Engineers Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Architecture and Engineering

86.4

 

Chiugoku Hitachi Co., Ltd.

Subsidiary

Aki-Gun, Hiroshima

Japan

Electronics Wholesale

85.2

 

Hitachi Mito Engineering Co.,Ltd.

Subsidiary

Hitachinaka, Ibaraki

Japan

Architecture and Engineering

76.0

 

Shikoku Hitachi, K.K.

Subsidiary

Tokushima, Tokushima

Japan

Electronics Wholesale

72.9

 

Kyushu Hitachi, K.K.

Subsidiary

Fukuoka, Fukuoka

Japan

Machinery Wholesale

72.8

 

Touhoku Hitachi Co., Ltd.

Subsidiary

Yamagata, Yamagata

Japan

Electronics Wholesale

64.0

 

Hitachi Sc,Ltd.

Subsidiary

Minato-Ku, Tokyo

Japan

Computer Programming

51.0

 

Hitachi Institute Of Management Development

Subsidiary

Abiko, Chiba

Japan

Miscellaneous Professional Services

46.7

 

Mie Hitachi Co., Ltd.

Subsidiary

Yokkaichi, Mie

Japan

Machinery Wholesale

44.1

 

Hitachi Techno-Information Services Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Internet and Web Services

35.9

 

Hitachi Kashiwa Reysol Co., Ltd.

Subsidiary

Kashiwa, Chiba

Japan

Performing Arts

34.2

 

Hitachi Ibaragi Technical Service Co.,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Employment Services

29.5

 

eBworx Berhad

Subsidiary

Petaling Jaya, Selangor

Malaysia

Internet and Web Services

10.2

 

eBworx International Pte Ltd

Subsidiary

Singapore

Singapore

Holding Companies

1.9

10

Hitachi Plasma Display Limited

Subsidiary

Higashimorokata-Gun, Miyazaki

Japan

Employment Services

9.9

 

Hitachi Industrial Equipment (Malaysia) Sdn. Bhd.

Subsidiary

Pelabuhan Klang, Selangor

Malaysia

Electronics Wholesale

5.9

 

Hitachi International Treasury (Malaysia) Sdn. Bhd.

Subsidiary

Kuala Lumpur, Wilayah Persekutuan

Malaysia

Banking

2.7

 

Hitachi,Ltd. - Sucursal Em Portugal

Subsidiary

Lisboa, Lisboa

Portugal

Miscellaneous Professional Services

0.5

 

Hitachi Cable PS Techno (M) Sdn Bhd

Subsidiary

Seremban, Negeri Sembilan

Malaysia

Semiconductor and Other Electronic Component Manufacturing

0.0

 

Taiwan Hitachi Co., Ltd.

Subsidiary

Taipei

Taiwan

Motor Vehicle Parts Manufacturing

 

 

Hitachi Elevator Engineering Co (Hong Kong) Ltd

Subsidiary

Kowloon

Hong Kong

Machinery and Equipment Manufacturing

 

 

Shin Din Cable, Limited

Subsidiary

Kwai Fong, New Territories

Hong Kong

Metals and Minerals Wholesale

 

 

Shin Ho Cable (China) Company Limited

Subsidiary

Kwai Fong, New Territories

Hong Kong

Electronics Wholesale

 

40

Shin Ho Metal Company Limited

Subsidiary

Kwai Fong, New Territories

Hong Kong

Metals and Minerals Wholesale

 

30

Hitachi Electronics Services Co., Ltd.

Subsidiary

Tokyo

Japan

Wireless Telecommunications Carriers

 

 

Hitachi Building Systems Co., Ltd.

Subsidiary

Tokyo

Japan

Machinery Wholesale

 

 

Building Technos Co.,Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Building and Dwelling Services

282.6

 

Seishin Service Corporation.

Subsidiary

Adachi-Ku, Tokyo

Japan

Building and Dwelling Services

145.6

 

Buil Care Business.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Real Estate Agents and Brokers

72.2

 

Eletechnos Co., Ltd.

Subsidiary

Adachi-Ku, Tokyo

Japan

Industrial Machinery Repair and Maintenance

64.6

 

Okinawa Hitachi, K.K.

Subsidiary

Naha, Okinawa

Japan

Machinery Wholesale

54.7

 

Okinawa Hitachi Co., Ltd.

Branch

Nago, Okinawa

Japan

Machinery Wholesale

 

 

Hitachi Demshi Kabushiki Kaisha

Subsidiary

London

United Kingdom

 

 

 

Hitachi Cable, Ltd.

Subsidiary

London

United Kingdom

 

 

 

Hitachi International (Holland) B.V.

Subsidiary

Amsterdam

Netherlands

Electronics Wholesale

 

 

HGST Netherlands B.V.

Subsidiary

Amsterdam

Netherlands

Computer and Peripheral Equipment Manufacturing

 

 

Hgst Europe, Ltd.

Subsidiary

Havant

United Kingdom

Miscellaneous Professional Services

19.2

66

Hgst Asia Pte. Ltd.

Subsidiary

Singapore

Singapore

Computer and Peripheral Equipment Manufacturing

11.0

 

Hitachi Construction Machinery (Europe) N.V.

Subsidiary

Bath

United Kingdom

 

 

 

Hitachi Engineering & Services Co., Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi Urban Investment, Ltd.

Subsidiary

Tokyo

Japan

Real Estate Agents and Brokers

 

 

Nakajo Engineering Co.,Ltd.

Subsidiary

Tainai, Niigata

Japan

Electrical Equipment and Appliances Manufacturing

41.1

210

Hitachi Urban Support, Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Building and Dwelling Services

150.1

 

Hitachi-Kucho Se,Ltd.

Subsidiary

Shizuoka, Shizuoka

Japan

Motor Vehicle Parts Manufacturing

71.6

 

Mobara Atecs. Ltd.

Subsidiary

Mobara, Chiba

Japan

Residential and Commercial Building Construction

34.4

 

Hitachi Data Systems Computadores Do Brasil Ltda.

Subsidiary

Sao Paulo, Sao Paulo

Brazil

Computer, Office Equipment and Software Merchant Wholesalers

 

 

PT. NX Indonesia

Subsidiary

Cilegon, Banten

Indonesia

Motor Vehicle Parts Manufacturing

 

 

Hitachi Mexico, S.A. de C.V.

Subsidiary

Mexico

Mexico

Electronics Wholesale

 

 

Hitachi Argentina S.A.

Subsidiary

Buenos Aires

Argentina

Audio and Video Equipment Manufacturing

 

 

Hitachi (China) Ltd.

Subsidiary

Beijing, Beijing

China

Administrative Services

 

 

Hitachi (China) Ltd.

Branch

Shanghai, Shanghai

China

Machinery Wholesale

12.9

200

Hitachi Consumer Products (Thailand) Ltd

Subsidiary

Prachinburi

Thailand

Electrical Equipment and Appliances Manufacturing

 

 

Dalian Hitachi Machinery & Equipment Co. Ltd.

Subsidiary

Dalian

China

Electrical Equipment and Appliances Manufacturing

 

 

Shenzhen Hitachi Displays Co Ltd

Subsidiary

Shenzhen

China

Semiconductor and Other Electronic Component Manufacturing

 

 

PT. Berdiri Matahari Logistik

Subsidiary

Jakarta

Indonesia

Consulting Services

 

 

Hitachi Management Partner, Corp.

Branch

Tokyo

Japan

Computer Programming

 

 

Hitachi Ict Business Services, Ltd.

Subsidiary

Kamikurata

Japan

Miscellaneous Professional Services

 

 

PT. Sliontec Ekadharma Indonesia

Subsidiary

Bekasi

Indonesia

Paint, Coating, and Adhesive Manufacturing

 

 

Hitachi Terminal Mechatronics, Corp.

Subsidiary

Owariasahi, Aichi

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi Life, Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Real Estate Agents and Brokers

 

 

Nichiwa Service, Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Department Stores

156.8

 

Nichimoku Sangyo, Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Architecture and Engineering

140.1

 

Hitachi Global Storage Technologies Asia Pte Ltd

Subsidiary

Singapore

Singapore

Computer and Peripheral Equipment Manufacturing

 

 

Hitachi Sales (Macau) Ltd.

Subsidiary

Macau

Macau

Electronics Wholesale

 

 

Hitachi Storage Battery (Thailand) Co., Ltd.

Subsidiary

Chachoengsao

Thailand

Electrical Equipment and Appliances Manufacturing

 

 

Hitachi (China), Ltd.

Subsidiary

Tsim Tsa Tsui

Hong Kong

Machinery Wholesale

 

 

Beijing Hitachi Elevator Service Co., Ltd.

Subsidiary

Beijing

China

Industrial Machinery Repair and Maintenance

 

 

HPC Engineering (Thailand) Co., Ltd.

Subsidiary

Bangkok

Thailand

Architecture and Engineering

 

 

PT. Japan AE Power Systems Indonesia

Subsidiary

Bekasi

Indonesia

Machinery and Equipment Manufacturing

 

 

Hitachi Asia (M) Sdn Bhd

Subsidiary

Kuala Lumpur

Malaysia

Electronics Wholesale

 

 

Hitachi Data Systems Sdn Bhd

Subsidiary

Kuala Lumpur

Malaysia

Computer System Design Services

 

300

Hitachi Koki (M) Sdn Bhd

Subsidiary

Senai, Johor Darul Takzim

Malaysia

Machinery and Equipment Manufacturing

 

270

Hitachi Chemical (Johor) Sdn Bhd

Subsidiary

Pasir Gudang, Johor Darul Takzim

Malaysia

Miscellaneous Chemical Manufacturing

74.2

250

Hitachi Construction Machinery (M) Sdn Bhd

Subsidiary

Subang Jaya, Selangor

Malaysia

Construction Machinery Manufacturing

81.5

200

Hitachi Construction Machinery(M)Sdn Bhd

Subsidiary

Singapore

Singapore

Machinery Wholesale

24.0

16

Hitachi Sales (M) Sdn Bhd

Subsidiary

Bandar Baru Bangi, Selangor Darul Ehsan

Malaysia

Electronics Wholesale

 

 

Hainan Hitachi Elevator Service Co., Ltd.

Subsidiary

Haikou

China

Industrial Machinery Repair and Maintenance

 

 

Hitachi Keiyo Engineering and Systems Ltd.

Subsidiary

Narashino, Chiba-ken

Japan

Computer System Design Services

 

 

Hitachi Media Electronics Co., Ltd.

Subsidiary

Kowloon

Hong Kong

Semiconductor and Other Electronic Component Manufacturing

 

 

Hitachi ID Systems Holding, Inc

Subsidiary

Calgary, AB

Canada

Investment Services

 

 

Hitachi de Venezuela, C.A.

Subsidiary

Caracas

Venezuela

Electronics Wholesale

 

 

Hitachi Digital Products China Co., Ltd.

Subsidiary

Fuzhou

China

Electronics Wholesale

 

 

Hitachi Digital Media Group (Russia)

Subsidiary

Moscow

Russian Federation

Electronics Wholesale

 

 

Hitachi Solutions (China) Co., Ltd.

Subsidiary

Beijing

China

Computer System Design Services

 

 

Hitachi Information Systems (Shanghai), Ltd

Subsidiary

Shanghai

China

Computer System Design Services

 

 

Hitachi Architects & Engineers (Shanghai) Co., Ltd.

Subsidiary

Shanghai

China

Architecture and Engineering

 

 

Hitachi Korea Ltd.

Subsidiary

Seoul

Korea, Republic of

Machinery Wholesale

 

 

Hitachi Elevator Motor (Guangzhou) Co., Ltd

Subsidiary

Guangzhou, Guangdong

China

Machinery and Equipment Manufacturing

 

 

 

 

Competitors Report

 

CompanyName

Location

Employees

Ownership

Air Water Inc

Osaka-Shi, Japan

8,937

Public

Asahi Kasei Corporation

Tokyo, Japan

25,085

Public

MEC COMPANY LTD.

Amagasaki-Shi, Japan

288

Public

Mitsubishi Chemical Corporation

Tokyo, Japan

27,689

Private

Nippon Fine Chemical Co., Ltd.

Osaka-Shi, Japan

587

Public

Sumitomo Chemical Co Ltd

Chuo-Ku, Japan

30,396

Public

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

Takashi Kawamura

 

Independent Chairman of the Board of Directors

Chairman

Biography:

Mr. Takashi Kawamura has been serving as Independent Chairman of the Board of Directors of Hitachi Chemical Company, Ltd. since June 21, 2012. He is Chairman of Nominating Committee and a member of Compensation Committee of the Company. He is also serving as Chairman of the Board in Hitachi Research Institute and its parent company, Hitachi Ltd. He used to serve as Representative Executive Officer, Chairman of the Executive Board and Executive President in Hitachi Ltd., Chairman of the Board and Representative Executive Officer in Hitachi Solutions Ltd., Chairman of the Board in Hitachi Plant Technologies Ltd., Chairman of the Board in Hitachi Software Engineering Ltd., as well as Chairman of the Board in Hitachi Maxell Ltd.

Source: Reuters

Age: 73

Education:

University of Tokyo, B (Engineering)

Chieko Matsuda

 

Independent Director

Director/Board Member

Biography:

Ms. Chieko Matsuda has been serving as Independent Director of Hitachi Chemical Company, Ltd. since June 19, 2013. She is also a member of Audit Committee of the Company. She is serving as professor of Tokyo Metropolitan University, Independent Director of S. T. Corporation. She also works for Japan Association for Chief Financial Officers and SATO HOLDINGS CORPORATION.

Age: 48

Education:

Ecole Nationale des Ponts et Chaussees, M (Business)
Tokyo University of Foreign Studies, B (Foreign Languages)

Nobuo Mochida

 

Independent Director

Director/Board Member

Biography:

Mr. Nobuo Mochida has been serving as Independent Director in Hitachi Chemical Company, Ltd. since June 2010. He is a member of the Nominating Committee and Compensation Committee of the Company. He is also serving as Director in Hitachi Metals Ltd., Independent Chairman of the Board of Directors in Hitachi Cable, Ltd., as well as Representative Executive Officer and Executive Vice President in its parent company, Hitachi Ltd. He used to work for NEOMAX MATERIALS, Co., Ltd., and serve as Chairman of the Board and Chief Executive Officer in Hitachi Metals North Carolina, Ltd.

Age: 66

Education:

University of Tokyo, B (Engineering)

Yoshihiro Nomura

 

Senior Managing Executive Officer, Representative Executive Officer, Chairman of Subsidiary, Director

Director/Board Member

Biography:

Mr. Yoshihiro Nomura has been serving as Senior Managing Executive Officer, Representative Executive Officer and Director in Hitachi Chemical Company, Ltd., as well as Chairman of a subsidiary, Hitachi Chemical India Private Limited, since June 2013. He joined the Company in April 1980. His previous titles include Executive Officer and Managing Executive Officer in the Company. He used to serve as Chairman of the Board and General Manager in a China-based subsidiary and Chairman of the Board in three other China-based subsidiaries.

Age: 56

Yoshio Ohsawa

 

Independent Director

Director/Board Member

Biography:

Mr. Yoshio Ohsawa has been serving as Independent Director in Hitachi Chemical Company, Ltd. since June 2010. He is a member of the Nominating Committee and Audit Committee of the Company. He is also serving as Independent Director in Nippon Suisan Kaisha Ltd., as well as Chairman of the Board in Konomi, Inc. He is also working for YKK Corporation. He used to work for The Industrial Bank of Japan, Limited, Mizuho Securities Co., Ltd. and other companies.

Age: 72

Takemoto Ohto

 

Independent Director

Director/Board Member

Biography:

Mr. Takemoto Ohto has been serving as Independent Director in Hitachi Chemical Company, Ltd. since June 2010. He is a member of the Nominating Committee and Audit Committee of the Company. He is also working for NISSAN MOTOR CO., LTD. and Imperial Hotel, Ltd. He used to serve as Chairman of the Board and Representative Director in NICHIREI CORPORATION.

Age: 68

Keiichi Takeda

 

Director

Director/Board Member

Biography:

Mr. Keiichi Takeda has been serving as Director in Hitachi Chemical Company, Ltd. since March 31, 2011. He is also Chairman of the Audit Committee of the Company. He joined the Company in April 1971 and has been holding directorship in the Company since June 2000. His previous titles in the Company include Managing Director, Managing Executive Officer, Senior Managing Executive Officer, Executive Vice President and Representative Executive Officer. He used to serve as President and Representative Director in another company.

Age: 64

Kazuyuki Tanaka

 

Executive President, Representative Executive Officer, Director

Director/Board Member

Biography:

Mr. Kazuyuki Tanaka has been serving as Executive President, Representative Executive Officer and Director in Hitachi Chemical Company, Ltd. since June 2009. He is also a member of Nominating Committee and Chairman of Compensation Committee. He joined the Company in April 1977. His previous positions include Managing Executive Officer, Director of Automobile Part Business, Director of Polyester Development in Yamazaki Plant, Director of Electronic Material in Yamazaki Business Center, Manager of Goi Business Center, Director of Foam Molding Material Business and Executive Officer in the Company. He used to serve as President and Representative Director in Hitachi Media Electronics Co., Ltd. He obtained his Bachelor's degree from Kyoto University in March 1977.

Age: 60

Education:

Kyoto University, BS (Polymer Chemistry)

Takashi Urano

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

Kazuyuki Tanaka

 

Executive President, Representative Executive Officer, Director

President

Biography:

Mr. Kazuyuki Tanaka has been serving as Executive President, Representative Executive Officer and Director in Hitachi Chemical Company, Ltd. since June 2009. He is also a member of Nominating Committee and Chairman of Compensation Committee. He joined the Company in April 1977. His previous positions include Managing Executive Officer, Director of Automobile Part Business, Director of Polyester Development in Yamazaki Plant, Director of Electronic Material in Yamazaki Business Center, Manager of Goi Business Center, Director of Foam Molding Material Business and Executive Officer in the Company. He used to serve as President and Representative Director in Hitachi Media Electronics Co., Ltd. He obtained his Bachelor's degree from Kyoto University in March 1977.

Age: 60

Education:

Kyoto University, BS (Polymer Chemistry)

Shigeru Ito

 

Managing Executive Officer

Division Head Executive

 

Biography:

Mr. Shigeru Ito has been serving as Managing Executive Officer in Hitachi Chemical Company, Ltd. since April 2012. He is also serving as Director in Shin-kobe Electric Machinery Co., Ltd.

Age: 59

Education:

Niigata University, B (Chemistry)

Masayuki Kan

 

Executive Officer

Division Head Executive

 

Biography:

Mr. Masayuki Kan has been serving as Executive Officer in Hitachi Chemical Company, Ltd. since April 2010. He joined the Company in February 2007. He used to work for its parent company, Hitachi, Ltd.

Age: 57

Akira Kaneko

 

Executive Officer

Division Head Executive

 

Biography:

Mr. Akira Kaneko has been serving as Executive Officer in Hitachi Chemical Company, Ltd. since April 2010. He joined the Company in April 1979. He used to be Chairman of the Board and General Manager in a China-based subsidiary.

Age: 58

Hisashi Maruyama

 

Executive Officer

Division Head Executive

 

Biography:

Mr. Hisashi Maruyama has been serving as Executive Officer in Hitachi Chemical Company, Ltd. since April 2011. He joined the Company in April 1983.

Age: 52

Toshihiko Miyauchi

 

Executive Officer

Division Head Executive

 

Biography:

Mr. Toshihiko Miyauchi has been serving as Executive Officer in Hitachi Chemical Company, Ltd. since April 1, 2011. He joined the Company in October 2007. He used to work for its parent company, Hitachi, Ltd.

Age: 56

Misao Nakagawa

 

Executive Officer, Chairman of Subsidiary

Division Head Executive

 

Biography:

Mr. Misao Nakagawa has been serving as Executive Officer in Hitachi Chemical Company, Ltd., as well as Chairman of a China-based subsidiary, since November 2011. He joined the Company in April 1981.

Age: 54

Hajime Nakayama

 

Executive Officer, Chairman & President of Subsidiaries

Division Head Executive

 

Biography:

Mr. Hajime Nakayama has been serving as Executive Officer in Hitachi Chemical Company, Ltd., as well as Chairman of a Taiwan-based subsidiary, and President and Director of a Singapore-based subsidiary, since April 2013. He joined the Company in April 1983.

Age: 56

Yoshihiro Nomura

 

Senior Managing Executive Officer, Representative Executive Officer, Chairman of Subsidiary, Director

Division Head Executive

 

Biography:

Mr. Yoshihiro Nomura has been serving as Senior Managing Executive Officer, Representative Executive Officer and Director in Hitachi Chemical Company, Ltd., as well as Chairman of a subsidiary, Hitachi Chemical India Private Limited, since June 2013. He joined the Company in April 1980. His previous titles include Executive Officer and Managing Executive Officer in the Company. He used to serve as Chairman of the Board and General Manager in a China-based subsidiary and Chairman of the Board in three other China-based subsidiaries.

Age: 56

Satoshi Takahashi

 

Executive Officer, President of Subsidiary

Division Head Executive

 

Biography:

Mr. Satoshi Takahashi has been serving as Executive Officer in Hitachi Chemical Company, Ltd., as well as President and Representative Director of a subsidiary, since April 2013. He used to work for Shin-kobe Electric Machinery Co., Ltd.

Age: 57

Kazuyoshi Tsunoda

 

Representative Executive Officer, Senior Managing Executive Officer, Chairman of Subsidiary

Division Head Executive

 

Biography:

Mr. Kazuyoshi Tsunoda has been serving as Senior Managing Executive Officer and Representative Executive Officer in Hitachi Chemical Company, Ltd., as well as Chairman of a subsidiary, Hitachi Powdered Metals (Thailand) Co., Ltd., since April 2011. He joined the Company in October 1981. His previous titles include Managing Executive Officer, Director of Powder Metallurgic Business, Director of Electronic Material Business, Director of Functional Material Business and Chief Director of Automobile Components Business.

Age: 59

Shunichiro Uchimura

 

Managing Executive Officer

Division Head Executive

 

Biography:

Mr. Shunichiro Uchimura has been serving as Managing Executive Officer in Hitachi Chemical Company, Ltd. since April 2012. He joined the Company in April 1979 and previously served as Executive Officer in the Company. He used to serve as President and Vice President in a subsidiary, HD Microsystems, Ltd.

Age: 59

Itsuo Watanabe

 

Executive Officer

Division Head Executive

 

Biography:

Mr. Itsuo Watanabe has been serving as Executive Officer in Hitachi Chemical Company, Ltd. since April 2010. He joined the Company in April 1982.

Age: 55

Masami Yamamori

 

Executive Officer, Chairman & General Manager of Subsidiaries

Division Head Executive

 

Biography:

Mr. Masami Yamamori has been serving as Executive Officer in Hitachi Chemical Company, Ltd., as well as Chairman and General Manager of five China-based subsidiaries, since April 2013. He joined the Company in April 1980. He used to serve as President and Director in a subsidiary, Hitachi Chemical (Malaysia) Sdn. Bhd.

Age: 56

Masamichi Saito

 

Director in charge of Law Affairs

Investor Relations Executive

 

Hiroki Sashima

 

Executive Officer Manufacturing and Purchasing

Manufacturing Executive

 

 

 

Significant Developments

 

 

 

Hitachi Chemical Co Ltd to Pay Year-end Dividend for FY 2013

May 29, 2013


Hitachi Chemical Co Ltd announced that it will pay a year-end dividend of JPY 18 per share (JPY 3,748 million in total), in line with the latest dividend forecast of JPY 18 per share, to all the shareholders as a record of March 31, 2013, effective May 30, 2013.

Hitachi Chemical Co Ltd Announces Filing Of Patent Infringement Lawsuit Against Korean Company Over Anisotropic Conductive Film

Feb 28, 2013


Hitachi Chemical Co Ltd announced that it has filed a lawsuit against H&SHighTech Corporation with the Seoul Central District Court for H&SHighTech's infringement on Hitachi Chemical's Korean patent related to the anisotropic conductive film used for circuit connection of touch panels. The anisotropic conductive film is an adhesive film used for circuit connection of liquid crystal displays, touch panels and so on. Since the film connects a number of microscopic electrodes at one time and realizes both conductivity and insulation, it is widely used for various electronic parts today. In addition, in the field of anisotropic conductive film Hitachi Chemical owns about 600 granted patents and about 600 patent applications worldwide, and has established a global wide patent network. The product named TGP20520AG, which H&SHighTech manufactures and sells, is an anisotropic conductive film for touch panels. Based on the Hitachi Chemical's analysis, it likely falls within the scope of rights of our Korean Patent No. 333,456. It may involve on the patent infringement of Hitachi Chemical's Korean Patent No. 333,456 that H&SHighTech's manufacturing, selling, offering to sell, or using the product in Korea. Therefore, Hitachi Chemical has filed a lawsuit against H&SHighTech, claiming patent infringement and demanding an injunctive order in Korea.

Hitachi Chemical Co Ltd to Pay Dividend

Oct 29, 2012


Hitachi Chemical Co Ltd announced that it has decided to pay a dividend of JPY 20.00 per share (JPY 18.00 per share of a common dividend and JPY 2.00 per share of a bonus dividend), or JPY 4,165 million in total, above the latest dividend forecast of JPY 18.00 per share, to all the shareholders as a record of September 30, 2012, effective November 28, 2012.

R&I Affirms Hitachi Chemical Company, Ltd.'s Rating at "A+"; Rating Outlook Stable

Oct 25, 2012


Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Hitachi Chemical Company, Ltd. at "A+". The rating outlook is stable.

 

News

 

SPHERICAL PHOSPHOR, SEALING MATERIAL FOR WAVELENGTH-CONVERSION-TYPE SOLAR BATTERIES, SOLAR BATTERY MODULE, AND PROCESS FOR MANUFACTURE OF THOSE
European Patents (139 Words)

21-Oct-2013

NEGATIVE ELECTRODE MATERIAL FOR LITHIUM ION SECONDARY BATTERY, METHOD FOR MANUFACTURING SAME, NEGATIVE ELECTRODE FOR LITHIUM ION SECONDARY BATTERY,...
European Patents (246 Words)

21-Oct-2013

ANTIFOULING COATING COMPOSITION, ANTIFOULING COATING FILM, AND METHOD OF PREVENTING FOULING OF BASE
European Patents (74 Words)

21-Oct-2013

METHOD OF ANALYZING BIOCHEMICAL
European Patents (47 Words)

21-Oct-2013

Research Frontiers, Inc. at CraigHallum Alpha Select Conference - Final
FD (Fair Disclosure) Wire (4819 Words)

21-Oct-2013

Circuit connection material, circuit member connecting structure and method of connecting circuit member
U.S. Patents (128 Words)

21-Oct-2013

IPC Committee Members Honored for Contributions to Electronics Industry and IPC
Targeted News Service (1180 Words)

21-Oct-2013

Weekly News Schedule (Friday, October 25)
Nikkei English News (80 Words)

18-Oct-2013

WIPO PUBLISHES PATENT OF HITACHI CHEMICAL FOR "SOLAR CELL" (JAPANESE INVENTORS)
U.S. Fed News (196 Words)

18-Oct-2013

WIPO PUBLISHES PATENT OF HITACHI CHEMICAL FOR "HINGE DEVICE" (JAPANESE INVENTORS)
U.S. Fed News (196 Words)

18-Oct-2013

WIPO PUBLISHES PATENT OF HITACHI CHEMICAL FOR "CIRCUIT CONNECTION MATERIAL, CONNECTION STRUCTURE AND FABRICATION METHOD FOR SAME" (JAPANESE INVENTORS)
U.S. Fed News (231 Words)

18-Oct-2013

 

 

Annual Income Statement

 

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Mar-2013

Updated Normal
31-Mar-2012

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal
31-Mar-2009

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

82.970472

78.961215

85.691434

92.941082

100.484331

Auditor

Ernst & Young ShinNihon LLC

Ernst & Young ShinNihon LLC

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

5,600.2

5,991.2

5,805.2

4,898.7

4,862.8

Revenue

5,600.2

5,991.2

5,805.2

4,898.7

4,862.8

Total Revenue

5,600.2

5,991.2

5,805.2

4,898.7

4,862.8

 

 

 

 

 

 

    Cost of Revenue

4,293.2

4,673.0

4,355.3

3,684.2

3,859.9

Cost of Revenue, Total

4,293.2

4,673.0

4,355.3

3,684.2

3,859.9

Gross Profit

1,307.0

1,318.2

1,449.8

1,214.4

1,002.9

 

 

 

 

 

 

    Selling/General/Administrative Expense

537.6

515.3

475.2

395.8

400.7

    Labor & Related Expense

305.7

300.2

278.4

241.1

244.8

Total Selling/General/Administrative Expenses

843.2

815.5

753.6

636.9

645.5

Research & Development

179.8

192.5

188.9

165.0

159.0

    Amortization of Acquisition Costs

-

0.0

-7.5

-9.0

-6.4

Depreciation/Amortization

-

0.0

-7.5

-9.0

-6.4

    Restructuring Charge

0.0

10.9

-

0.0

4.3

    Impairment-Assets Held for Use

14.6

7.6

21.5

0.0

31.2

    Other Unusual Expense (Income)

-58.9

-38.9

95.5

0.0

1.6

Unusual Expense (Income)

-44.4

-20.4

117.0

0.0

37.2

Total Operating Expense

5,271.9

5,660.5

5,407.3

4,477.1

4,695.1

 

 

 

 

 

 

Operating Income

328.3

330.6

397.8

421.5

167.7

 

 

 

 

 

 

        Interest Expense - Non-Operating

-13.1

-9.6

-7.2

-6.9

-10.3

    Interest Expense, Net Non-Operating

-13.1

-9.6

-7.2

-6.9

-10.3

        Interest Income - Non-Operating

5.2

4.1

3.5

3.6

6.5

        Investment Income - Non-Operating

50.7

38.6

5.9

1.4

-16.8

    Interest/Investment Income - Non-Operating

55.9

42.6

9.5

5.0

-10.3

Interest Income (Expense) - Net Non-Operating Total

42.8

33.0

2.3

-1.9

-20.5

Gain (Loss) on Sale of Assets

-14.4

-2.6

-12.7

-15.4

-12.2

    Other Non-Operating Income (Expense)

17.2

19.9

21.3

-11.4

-7.7

Other, Net

17.2

19.9

21.3

-11.4

-7.7

Income Before Tax

373.9

380.8

408.6

392.8

127.3

 

 

 

 

 

 

Total Income Tax

139.6

149.0

163.2

124.1

91.8

Income After Tax

234.4

231.8

245.4

268.7

35.5

 

 

 

 

 

 

    Minority Interest

-7.6

-23.8

-24.4

-15.8

-8.2

Net Income Before Extraord Items

226.8

208.0

221.1

252.9

27.3

Net Income

226.8

208.0

221.1

252.9

27.3

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

226.8

208.0

221.1

252.9

27.3

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

226.8

208.0

221.1

252.9

27.3

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

208.2

208.3

208.3

208.3

208.3

Basic EPS Excl Extraord Items

1.09

1.00

1.06

1.21

0.13

Basic/Primary EPS Incl Extraord Items

1.09

1.00

1.06

1.21

0.13

Dilution Adjustment

-

-

0.0

0.0

0.0

Diluted Net Income

226.8

208.0

221.1

252.9

27.3

Diluted Weighted Average Shares

208.2

208.3

208.3

208.3

208.3

Diluted EPS Excl Extraord Items

1.09

1.00

1.06

1.21

0.13

Diluted EPS Incl Extraord Items

1.09

1.00

1.06

1.21

0.13

Dividends per Share - Common Stock Primary Issue

0.43

0.46

0.42

0.34

0.32

Gross Dividends - Common Stock

95.4

94.9

87.5

71.7

66.3

Interest Expense, Supplemental

13.1

9.6

7.2

6.9

10.3

Depreciation, Supplemental

349.3

357.6

338.2

340.7

343.9

Total Special Items

-30.0

-17.8

122.2

6.4

42.9

Normalized Income Before Tax

343.9

363.1

530.8

399.2

170.2

 

 

 

 

 

 

Effect of Special Items on Income Taxes

-11.2

-7.0

51.8

4.9

17.3

Inc Tax Ex Impact of Sp Items

128.4

142.1

215.0

129.0

109.1

Normalized Income After Tax

215.6

221.0

315.8

270.2

61.1

 

 

 

 

 

 

Normalized Inc. Avail to Com.

208.0

197.2

291.5

254.5

52.9

 

 

 

 

 

 

Basic Normalized EPS

1.00

0.95

1.40

1.22

0.25

Diluted Normalized EPS

1.00

0.95

1.40

1.22

0.25

Amort of Acquisition Costs, Supplemental

-

0.0

-7.5

-9.0

-6.4

Research & Development Exp, Supplemental

179.8

132.7

307.9

273.3

274.8

Reported Operating Profit

283.9

310.2

507.3

412.5

198.4

Reported Ordinary Profit

329.6

352.1

525.6

392.8

164.4

Normalized EBIT

283.9

310.2

514.8

421.5

204.8

Normalized EBITDA

633.2

667.9

845.5

753.2

542.4

    Current Tax - Total

134.7

106.2

-

-

-

Current Tax - Total

134.7

106.2

-

-

-

    Deferred Tax - Total

4.9

42.8

-

-

-

Deferred Tax - Total

4.9

42.8

-

-

-

Income Tax - Total

139.6

149.0

-

-

-

Interest Cost - Domestic

23.8

28.4

26.1

25.3

23.4

Service Cost - Domestic

36.6

36.1

32.6

31.2

29.3

Prior Service Cost - Domestic

-2.7

-3.3

-3.1

1.0

-1.6

Expected Return on Assets - Domestic

-15.2

-14.8

-15.2

-12.5

-12.2

Actuarial Gains and Losses - Domestic

21.9

23.9

27.2

36.8

18.3

Transition Costs - Domestic

-

-

0.9

0.0

0.3

Other Pension, Net - Domestic

2.6

-

4.3

1.9

2.4

Domestic Pension Plan Expense

67.0

70.3

72.9

83.7

59.8

Defined Contribution Expense - Domestic

11.4

12.3

10.4

10.3

9.6

Total Pension Expense

78.4

82.5

83.3

94.0

69.3

Discount Rate - Domestic

1.00%

1.50%

1.50%

1.40%

1.50%

Expected Rate of Return - Domestic

2.00%

2.00%

2.00%

2.00%

2.00%

Total Plan Interest Cost

23.8

28.4

26.1

25.3

23.4

Total Plan Service Cost

36.6

36.1

32.6

31.2

29.3

Total Plan Expected Return

-15.2

-14.8

-15.2

-12.5

-12.2

Total Plan Other Expense

2.6

-

4.3

1.9

2.4

 

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

UpdateType/Date

Updated Normal
31-Mar-2013

Updated Normal
31-Mar-2012

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal
31-Mar-2009

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

94.088557

82.385362

82.88

93.44

98.77

Auditor

Ernst & Young ShinNihon LLC

Ernst & Young ShinNihon LLC

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

392.8

457.6

482.4

357.8

304.9

    Short Term Investments

5.3

23.0

68.7

0.0

-

Cash and Short Term Investments

398.1

480.7

551.1

357.8

304.9

        Accounts Receivable - Trade, Gross

1,117.4

1,300.3

1,290.3

1,124.3

782.0

        Provision for Doubtful Accounts

-8.4

-19.9

-30.9

-50.7

-43.6

    Trade Accounts Receivable - Net

1,109.0

1,280.4

1,259.4

1,073.7

738.4

Total Receivables, Net

1,109.0

1,280.4

1,259.4

1,073.7

738.4

    Inventories - Finished Goods

214.3

232.6

202.5

176.6

166.4

    Inventories - Work In Progress

127.6

126.1

116.4

99.6

88.6

    Inventories - Raw Materials

160.4

157.5

146.6

114.8

99.5

Total Inventory

502.3

516.1

465.5

391.0

354.4

    Deferred Income Tax - Current Asset

66.5

86.1

107.4

107.4

86.7

    Other Current Assets

599.7

653.0

876.1

817.1

616.0

Other Current Assets, Total

666.2

739.1

983.5

924.5

702.8

Total Current Assets

2,675.6

3,016.3

3,259.5

2,747.1

2,100.4

 

 

 

 

 

 

        Buildings

1,562.2

1,610.8

1,531.6

1,360.1

1,270.6

        Land/Improvements

214.3

222.5

219.3

205.7

196.4

        Machinery/Equipment

3,610.7

3,899.3

3,788.6

3,398.3

3,274.7

        Construction in Progress

249.8

125.5

50.6

49.1

100.4

        Other Property/Plant/Equipment

724.0

754.4

745.2

662.2

643.9

    Property/Plant/Equipment - Gross

6,361.1

6,612.6

6,335.3

5,675.4

5,486.0

    Accumulated Depreciation

-4,639.1

-5,019.0

-4,881.2

-4,320.1

-4,078.7

Property/Plant/Equipment - Net

1,722.0

1,593.7

1,454.1

1,355.4

1,407.3

Goodwill, Net

259.3

299.6

-

-

-

Intangibles, Net

64.6

61.0

79.1

61.4

66.4

    LT Investment - Affiliate Companies

87.0

82.8

71.7

76.4

-

    LT Investments - Other

75.2

89.2

136.8

138.9

166.6

Long Term Investments

162.2

172.0

208.4

215.3

166.6

    Deferred Income Tax - Long Term Asset

85.1

88.4

98.0

80.2

87.7

    Other Long Term Assets

110.3

121.7

115.4

106.1

133.8

Other Long Term Assets, Total

195.4

210.1

213.4

186.3

221.5

Total Assets

5,079.0

5,352.7

5,214.6

4,565.3

3,962.2

 

 

 

 

 

 

Accounts Payable

516.7

611.4

636.4

584.2

373.9

Accrued Expenses

207.5

231.6

248.8

237.2

212.2

Notes Payable/Short Term Debt

216.7

193.4

134.1

125.3

136.0

Current Portion - Long Term Debt/Capital Leases

-

10.0

22.3

1.7

52.1

    Income Taxes Payable

82.7

63.2

78.7

121.0

23.3

    Other Current Liabilities

183.8

218.6

190.5

132.7

167.6

Other Current liabilities, Total

266.5

281.7

269.2

253.7

190.8

Total Current Liabilities

1,207.3

1,328.1

1,310.8

1,202.1

965.0

 

 

 

 

 

 

    Long Term Debt

298.2

300.3

169.3

133.7

122.8

    Capital Lease Obligations

-

1.4

1.9

2.1

1.0

Total Long Term Debt

298.2

301.7

171.2

135.8

123.8

Total Debt

514.8

505.1

327.6

262.8

311.9

 

 

 

 

 

 

Minority Interest

68.3

50.5

185.3

151.3

129.8

    Pension Benefits - Underfunded

187.3

216.0

209.7

182.0

168.2

    Other Long Term Liabilities

55.4

20.3

20.1

21.0

36.6

Other Liabilities, Total

242.7

236.3

229.8

203.0

204.8

Total Liabilities

1,816.4

1,916.6

1,897.1

1,692.2

1,423.4

 

 

 

 

 

 

    Common Stock

164.2

187.6

186.5

165.4

156.5

Common Stock

164.2

187.6

186.5

165.4

156.5

Additional Paid-In Capital

383.8

438.3

435.7

386.5

365.6

Retained Earnings (Accumulated Deficit)

2,755.2

3,014.2

2,888.8

2,437.4

2,131.8

Treasury Stock - Common

-2.1

-2.3

-2.3

-1.9

-1.4

Unrealized Gain (Loss)

11.4

8.9

18.7

21.2

5.4

    Translation Adjustment

-50.7

-208.6

-209.4

-135.3

-118.9

    Other Comprehensive Income

0.7

-2.0

-0.5

-0.2

-0.1

Other Equity, Total

-50.0

-210.6

-209.9

-135.5

-119.0

Total Equity

3,262.7

3,436.0

3,317.5

2,873.1

2,538.9

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

5,079.0

5,352.7

5,214.6

4,565.3

3,962.2

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

208.2

208.2

208.3

208.3

208.3

Total Common Shares Outstanding

208.2

208.2

208.3

208.3

208.3

Treasury Shares - Common Stock Primary Issue

0.1

0.1

0.1

0.1

0.1

Employees

17,732

16,713

15,930

15,267

15,289

Number of Common Shareholders

18,637

17,942

18,008

17,197

16,933

Total Long Term Debt, Supplemental

335.9

309.5

190.8

134.3

173.4

Long Term Debt Maturing within 1 Year

37.7

9.2

21.5

0.6

50.6

Long Term Debt Maturing in Year 2

12.3

38.2

6.7

16.1

0.5

Long Term Debt Maturing in Year 3

31.5

13.6

23.7

2.6

14.7

Long Term Debt Maturing in Year 4

115.4

5.0

3.9

6.0

0.5

Long Term Debt Maturing in Year 5

32.7

121.9

13.5

0.6

5.2

Long Term Debt Maturing in Year 6

106.3

121.4

-

-

-

Long Term Debt Maturing in 2-3 Years

43.8

51.7

30.4

18.7

15.3

Long Term Debt Maturing in 4-5 Years

148.1

126.9

17.4

6.6

5.7

Long Term Debt Matur. in Year 6 & Beyond

106.3

121.6

121.5

108.4

101.8

Total Capital Leases, Supplemental

28.0

2.3

2.7

3.2

2.5

Capital Lease Payments Due in Year 1

3.4

0.8

0.9

1.1

1.4

Capital Lease Payments Due in Year 2

4.4

1.0

0.8

0.9

0.6

Capital Lease Payments Due in Year 3

4.2

0.4

0.7

0.6

0.3

Capital Lease Payments Due in Year 4

4.2

0.1

0.3

0.4

0.1

Capital Lease Payments Due in Year 5

11.8

0.0

0.0

0.2

0.0

Capital Lease Payments Due in 2-3 Years

8.6

1.3

1.5

1.5

1.0

Capital Lease Payments Due in 4-5 Years

16.0

0.1

0.4

0.6

0.1

Pension Obligation - Domestic

1,023.3

1,099.4

1,060.1

963.1

938.7

Plan Assets - Domestic

807.2

833.6

821.7

737.9

607.9

Funded Status - Domestic

-216.1

-265.8

-238.3

-225.1

-330.8

Total Funded Status

-216.1

-265.8

-238.3

-225.1

-330.8

Discount Rate - Domestic

1.00%

1.50%

1.50%

1.40%

1.50%

Expected Rate of Return - Domestic

2.00%

2.00%

2.00%

2.00%

2.00%

Prepaid Benefits - Domestic

44.6

45.5

41.2

37.8

58.1

Accrued Liabilities - Domestic

-181.9

-200.8

-193.6

-166.4

-151.3

Other Assets, Net - Domestic

78.8

110.5

86.0

96.5

237.7

Net Assets Recognized on Balance Sheet

-58.4

-44.8

-66.4

-32.1

144.5

Total Plan Obligations

1,023.3

1,099.4

1,060.1

963.1

938.7

Total Plan Assets

807.2

833.6

821.7

737.9

607.9

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Mar-2013

Updated Normal
31-Mar-2012

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal
31-Mar-2009

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

82.970472

78.961215

85.691434

92.941082

100.484331

Auditor

Ernst & Young ShinNihon LLC

Ernst & Young ShinNihon LLC

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

373.9

380.8

408.6

392.8

127.3

    Depreciation

304.4

357.6

338.2

340.7

343.9

Depreciation/Depletion

304.4

357.6

338.2

340.7

343.9

    Amortization of Acquisition Costs

44.9

-

-

-

-

Amortization

44.9

-

-

-

-

    Unusual Items

25.4

15.5

85.8

12.6

10.3

    Equity in Net Earnings (Loss)

-25.0

-16.3

-16.3

-11.7

11.0

    Other Non-Cash Items

-0.3

-35.5

9.9

15.0

7.6

Non-Cash Items

0.0

-36.3

79.4

15.9

29.0

    Accounts Receivable

97.1

10.9

-77.8

-305.2

472.2

    Inventories

-16.6

-37.6

-22.8

-23.9

77.6

    Accounts Payable

-98.0

-29.4

12.0

170.8

-331.6

    Other Operating Cash Flow

-127.9

-111.5

-224.1

16.8

-166.1

Changes in Working Capital

-145.3

-167.7

-312.7

-141.5

52.0

Cash from Operating Activities

577.9

534.5

513.6

607.9

552.2

 

 

 

 

 

 

    Purchase of Fixed Assets

-579.0

-424.8

-321.0

-224.8

-361.0

Capital Expenditures

-579.0

-424.8

-321.0

-224.8

-361.0

    Acquisition of Business

-34.9

-62.6

-18.6

0.0

-

    Sale of Fixed Assets

13.8

24.3

5.6

7.3

17.7

    Sale/Maturity of Investment

31.4

123.9

88.1

7.0

3.4

    Purchase of Investments

-31.3

-491.4

-77.6

-16.7

-28.3

    Other Investing Cash Flow

-41.0

-20.5

-93.6

12.0

-46.0

Other Investing Cash Flow Items, Total

-62.0

-426.2

-96.1

9.6

-53.2

Cash from Investing Activities

-641.0

-851.1

-417.2

-215.2

-414.2

 

 

 

 

 

 

    Other Financing Cash Flow

23.8

-7.0

-4.5

-5.0

-8.0

Financing Cash Flow Items

23.8

-7.0

-4.5

-5.0

-8.0

    Cash Dividends Paid - Common

-95.4

-94.9

-85.1

-67.2

-70.3

Total Cash Dividends Paid

-95.4

-94.9

-85.1

-67.2

-70.3

    Short Term Debt, Net

-6.3

36.9

-27.1

-14.4

-18.9

        Long Term Debt Issued

62.9

147.0

37.6

5.2

2.3

        Long Term Debt Reduction

-19.5

-23.5

-0.6

-54.4

-42.3

    Long Term Debt, Net

43.3

123.5

37.0

-49.2

-39.9

Issuance (Retirement) of Debt, Net

37.0

160.3

9.9

-63.6

-58.8

Cash from Financing Activities

-34.6

58.4

-79.6

-135.8

-137.1

 

 

 

 

 

 

Foreign Exchange Effects

69.4

-0.8

-27.8

-2.5

-22.0

Net Change in Cash

-28.2

-259.1

-11.0

254.3

-21.1

 

 

 

 

 

 

Net Cash - Beginning Balance

919.8

1,225.6

1,140.3

795.8

757.2

Net Cash - Ending Balance

891.6

966.5

1,129.3

1,050.2

736.1

Cash Interest Paid

13.3

9.1

6.9

7.0

10.4

Cash Taxes Paid

105.3

122.9

205.4

12.8

198.0

 

 

Annual Income Statement

 

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Mar-2013

Updated Normal
31-Mar-2012

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal
31-Mar-2009

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

82.970472

78.961215

85.691434

92.941082

100.484331

Auditor

Ernst & Young ShinNihon LLC

Ernst & Young ShinNihon LLC

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

5,600.2

5,991.2

5,805.2

4,898.7

4,862.8

Total Revenue

5,600.2

5,991.2

5,805.2

4,898.7

4,862.8

 

 

 

 

 

 

    Total

4,293.2

4,673.0

4,355.3

3,684.2

3,859.9

    Other Selling/General/Admin. Expense

367.2

322.3

-

-

-

    Reserve Accrued Retirement

16.7

20.2

17.0

23.4

19.2

    Allowance Doubtful Accounts

-10.6

-3.6

-

8.3

3.7

    Salary/Bonus

289.0

279.9

261.4

217.7

225.6

    Shipping

181.0

196.6

178.8

154.0

153.7

    Research&Development

179.8

192.5

188.9

165.0

159.0

    Other SGA

-

-

296.4

233.5

243.3

    Insurance Income

0.0

-35.6

-

-

-

    Loss on step acquisitions

0.0

2.4

-

-

-

    Compensation income

-58.9

-32.3

-

-

-

    SP Rev. of allowance for doubtful accou

-

0.0

-27.0

0.0

-

    SP Gain on step acquisitions

-

0.0

-4.6

0.0

-

    Business structure improvement expenses

0.0

10.9

-

-

-

    SP Business Restructuring

-

-

-

0.0

4.3

    SP Res. for product safety

-

-

-

-

0.0

    SP Impairment Loss

14.6

7.6

21.5

0.0

31.2

    SP Surcharge

-

-

-

0.0

1.6

    SP L on adjustment for changes of accoun

-

0.0

7.2

0.0

-

    SP Loss on disaster

0.0

26.6

119.9

0.0

-

    NOP Amort. of Negative Goodwill

-

0.0

-7.5

-9.0

-6.4

Total Operating Expense

5,271.9

5,660.5

5,407.3

4,477.1

4,695.1

 

 

 

 

 

 

    Gain On Sales Of Noncurrent Assets

0.0

8.4

-

-

-

    SP G on transfer of business

-

-

-

-

0.0

    SP G on sale of fixed assets

-

-

-

-

0.0

    Foreign Exchange Gains

23.5

-

-

-

-

    Gain on sales of investment securities

-

21.3

-

-

-

    SP L on trans. of business

-

-

-

-

0.0

    NOP Interest Income

5.2

4.1

3.5

3.6

6.5

    NOP Dividend Income

2.1

3.6

2.7

1.5

3.9

    NOP Equity in Earnings

25.0

16.3

16.3

11.7

0.0

    NOP Insurance Income

-

-

-

-

0.0

    NOP Royalty income

16.7

17.1

16.3

11.6

13.0

    Other income

43.4

30.9

41.3

35.5

33.5

    NOP Interest Expenses

-13.1

-9.6

-7.2

-6.9

-10.3

    NOP Prop. Disposal/Loss

-14.4

-11.0

-12.7

-15.4

-12.2

    NOP Warranty Expenses

-

-

0.0

-16.4

0.0

    NOP Exchange Loss

0.0

-2.7

-13.0

-11.9

-9.6

    NOP Equity Loss

-

-

-

0.0

-11.0

    Other expenses

-43.0

-28.1

-36.3

-42.2

-54.2

Net Income Before Taxes

373.9

380.8

408.6

392.8

127.3

 

 

 

 

 

 

Provision for Income Taxes

139.6

149.0

163.2

124.1

91.8

Net Income After Taxes

234.4

231.8

245.4

268.7

35.5

 

 

 

 

 

 

    Minority interests in income

-7.6

-23.8

-24.4

-15.8

-8.2

Net Income Before Extra. Items

226.8

208.0

221.1

252.9

27.3

Net Income

226.8

208.0

221.1

252.9

27.3

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

226.8

208.0

221.1

252.9

27.3

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

226.8

208.0

221.1

252.9

27.3

 

 

 

 

 

 

Basic Weighted Average Shares

208.2

208.3

208.3

208.3

208.3

Basic EPS Excluding ExtraOrdinary Items

1.09

1.00

1.06

1.21

0.13

Basic EPS Including ExtraOrdinary Items

1.09

1.00

1.06

1.21

0.13

Dilution Adjustment

-

-

0.0

0.0

0.0

Diluted Net Income

226.8

208.0

221.1

252.9

27.3

Diluted Weighted Average Shares

208.2

208.3

208.3

208.3

208.3

Diluted EPS Excluding ExtraOrd Items

1.09

1.00

1.06

1.21

0.13

Diluted EPS Including ExtraOrd Items

1.09

1.00

1.06

1.21

0.13

DPS-Ordinary Shares

0.43

0.46

0.42

0.34

0.32

Gross Dividends - Common Stock

95.4

94.9

87.5

71.7

66.3

Normalized Income Before Taxes

343.9

363.1

530.8

399.2

170.2

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

128.4

142.1

215.0

129.0

109.1

Normalized Income After Taxes

215.6

221.0

315.8

270.2

61.1

 

 

 

 

 

 

Normalized Inc. Avail to Com.

208.0

197.2

291.5

254.5

52.9

 

 

 

 

 

 

Basic Normalized EPS

1.00

0.95

1.40

1.22

0.25

Diluted Normalized EPS

1.00

0.95

1.40

1.22

0.25

Research&Development(COGS)

-

132.7

-

-

-

Research&Development

179.8

-

188.9

165.0

159.0

Research&Development(COGS)

-

-

119.0

108.3

115.9

Interest Expense

13.1

9.6

7.2

6.9

10.3

Amort of Negative Goodwill

-

0.0

-7.5

-9.0

-6.4

BC - Depreciation of Fixed Assets

349.3

-

-

-

-

Amort of Tangible Assets-Current Portion

-

357.6

-

-

-

Depreciation

-

-

338.2

340.7

343.9

    Income taxes-current

134.7

106.2

-

-

-

Current Tax - Total

134.7

106.2

-

-

-

    Income taxes-deferred

4.9

42.8

-

-

-

Deferred Tax - Total

4.9

42.8

-

-

-

Income Tax - Total

139.6

149.0

-

-

-

Reported operating profit

283.9

310.2

507.3

412.5

198.4

Reported ordinary profit

329.6

352.1

525.6

392.8

164.4

Service cost

36.6

36.1

32.6

31.2

29.3

Interest cost

23.8

28.4

26.1

25.3

23.4

Expected return on plan asset

-15.2

-14.8

-15.2

-12.5

-12.2

Actuarial G/L

21.9

23.9

27.2

36.8

18.3

Prior service cost

-2.7

-3.3

-3.1

1.0

-1.6

Additional retire benefit nonrecurr.

2.6

-

4.3

1.9

2.4

Partial transition pension

-

-

-

-

0.0

Partail transition defined contribution

-

-

0.9

0.0

0.3

Domestic Pension Plan Expense

67.0

70.3

72.9

83.7

59.8

Defined contribution exp.

11.4

12.3

10.4

10.3

9.6

Total Pension Expense

78.4

82.5

83.3

94.0

69.3

Discount Rate(MIN)-Retirement Cost(Domes

1.00%

1.50%

-

-

-

Discount Rate

-

-

1.50%

1.40%

1.50%

Expected return on assets(MIN)-Retiremen

2.00%

2.00%

-

-

-

Expected Rate of Return

-

-

2.00%

2.00%

2.00%

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

UpdateType/Date

Updated Normal
31-Mar-2013

Updated Normal
31-Mar-2012

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal
31-Mar-2009

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate

94.088557

82.385362

82.88

93.44

98.77

Auditor

Ernst & Young ShinNihon LLC

Ernst & Young ShinNihon LLC

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash/Equivalents

392.8

457.6

482.4

357.8

304.9

    Notes and accounts receivable-trade

1,117.4

1,300.3

1,290.3

1,124.3

782.0

    Short-term investment securities

5.3

23.0

68.7

0.0

-

    Inventories - finished goods

214.3

232.6

202.5

176.6

166.4

    Inventories - work-in-process

127.6

126.1

116.4

99.6

88.6

    Inventories - raw materials

160.4

157.5

146.6

114.8

99.5

    Deferred Tax

66.5

86.1

107.4

107.4

86.7

    Deposits payments-Affi.

396.6

469.7

686.7

686.7

444.0

    Other

203.1

183.3

189.4

130.4

172.1

    Allw-Doubt.Acct

-8.4

-19.9

-30.9

-50.7

-43.6

Total Current Assets

2,675.6

3,016.3

3,259.5

2,747.1

2,100.4

 

 

 

 

 

 

    Building/Struct

1,562.2

1,610.8

1,531.6

1,360.1

1,270.6

    Accmulated Depreciation

-1,029.6

-1,082.2

-1,049.3

-903.5

-847.5

    Machinery, Equipment and Vehicles Gross

3,610.7

3,899.3

3,788.6

3,398.3

3,274.7

    Acc. Depre&Impair-Machine,Equip&Vehicle

-3,015.3

-3,298.5

-3,197.8

-2,848.3

-2,694.6

    Land

214.3

222.5

219.3

205.7

196.4

    Constr.-in-Prog.

249.8

125.5

50.6

49.1

100.4

    Other PPE

724.0

754.4

745.2

662.2

643.9

    Other Accumulated depreciation

-594.3

-638.3

-634.1

-568.3

-536.6

    Goodwill

259.3

299.6

-

-

-

    Other

64.6

-

-

-

-

    Other

-

61.0

-

-

-

    Total intangible assets

-

-

79.1

61.4

66.4

    Other Investment Securities

75.2

-

-

-

-

    Other LT investment

-

89.2

-

-

-

    Inv. in Secs.

-

-

136.8

138.9

166.6

    Invt Secs Noncons, Asc, Affd Cos

87.0

82.8

-

-

-

    Equity secs.-nonconsol affil.&sub.

-

-

71.7

76.4

-

    Allowance For Doubtful Accounts

-8.8

-

-

-

-

    Deferred tax assets

85.1

88.4

98.0

80.2

87.7

    Other Assets

119.1

130.2

125.2

116.0

141.8

    Allw-Doubt.Acct

-

-8.5

-9.8

-9.9

-8.0

Total Assets

5,079.0

5,352.7

5,214.6

4,565.3

3,962.2

 

 

 

 

 

 

    Notes and accounts payable-trade

516.7

611.4

636.4

584.2

373.9

    Curr. Port. Bond

-

-

-

0.0

50.6

    Short-term loans payable

216.7

193.4

134.1

125.3

136.0

    Curr. Port. LTD

-

9.2

21.5

0.6

0.0

    Current lease obligations

-

0.8

0.9

1.1

1.4

    Accrued Expenses

207.5

231.6

248.8

237.2

212.2

    Provision for loss on disaster

0.0

0.1

29.7

0.0

-

    Income Taxes

82.7

63.2

78.7

121.0

23.3

    Other Liabs.

183.8

218.4

160.8

132.7

167.6

Total Current Liabilities

1,207.3

1,328.1

1,310.8

1,202.1

965.0

 

 

 

 

 

 

    Corporate Bond

212.6

242.8

120.7

107.0

101.2

    Long-term loans payable

85.6

57.5

48.6

26.7

21.5

    Lease obligations

-

1.4

1.9

2.1

1.0

Total Long Term Debt

298.2

301.7

171.2

135.8

123.8

 

 

 

 

 

 

    Rsrv-Accr.Retire

181.9

200.8

193.6

166.4

151.3

    Provision for directors'' retirement ben

5.4

15.2

16.2

15.6

16.9

    Negative Goodwill

-

-

0.0

6.9

15.0

    Other Liabs.

55.4

20.3

20.1

14.1

21.6

    Minority Int.

68.3

50.5

185.3

151.3

129.8

Total Liabilities

1,816.4

1,916.6

1,897.1

1,692.2

1,423.4

 

 

 

 

 

 

    Common Stock

164.2

187.6

186.5

165.4

156.5

    Total capital surpluses

383.8

438.3

435.7

386.5

365.6

    Total retained earnings

2,755.2

3,014.2

2,888.8

2,437.4

2,131.8

    Treasury Stock

-2.1

-2.3

-2.3

-1.9

-1.4

    Valuation difference on available-for-sa

11.4

8.9

18.7

21.2

5.4

    Deferred hedge

0.7

-2.0

-0.5

-0.2

-0.1

    Translation Adj.

-50.7

-208.6

-209.4

-135.3

-118.9

Total Equity

3,262.7

3,436.0

3,317.5

2,873.1

2,538.9

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

5,079.0

5,352.7

5,214.6

4,565.3

3,962.2

 

 

 

 

 

 

    S/O-Ordinary Shares

208.2

208.2

208.3

208.3

208.3

Total Common Shares Outstanding

208.2

208.2

208.3

208.3

208.3

T/S-Ordinary Shares

0.1

0.1

0.1

0.1

0.1

Full-Time Employees

17,732

16,713

15,930

15,267

15,289

Total Number of Shareholders

18,637

17,942

-

-

-

Number of Common Shareholders

-

-

18,008

17,197

16,933

Bond Redemp Amts over 5 Yrs within 6 Yrs

106.3

121.4

-

-

-

Long Term Debt Maturing within 1 Yr

37.7

9.2

21.5

0.6

50.6

Lns Pble Maturing over a Yr within 2 Yrs

12.3

38.2

-

-

-

Long Term Debt Maturing within 2 Yr

-

-

6.7

16.1

0.5

Lns Pble Maturg over 2 Yrs within 3 Yrs

31.5

13.6

-

-

-

Long Term Debt Maturing within 3 Yr

-

-

23.7

2.6

14.7

Bond Redemp Amts over 3 Yrs within 4 Yrs

106.3

-

-

-

-

Lns Pble Maturg over 3 Yrs within 4 Yrs

9.1

5.0

-

-

-

Long Term Debt Maturing within 4 Yr

-

-

3.9

6.0

0.5

Lns Pble Maturg over 4 Yrs within 5 Yrs

32.7

0.6

-

-

-

Bond Redemp Amts over 4 Yrs within 5 Yrs

-

121.4

-

-

-

Long Term Debt Maturing within 5 Yr

-

-

13.5

0.6

5.2

Loans Payable Remaining

-

0.3

-

-

-

Long Term Debt Maturing thereafter

-

-

121.5

108.4

101.8

Total Long Term Debt, Supplemental

335.9

309.5

190.8

134.3

173.4

Lease Maturing within 1 Yr

3.4

0.8

0.9

1.1

1.4

Cap Lease Maturg over a Yr within 2 Yrs

4.4

1.0

-

-

-

Lease Maturing within 2 Yr

-

-

0.8

0.9

0.6

Cap Lease Maturg over 2 Yr within 3 Yrs

4.2

0.4

-

-

-

Lease Maturing within 3 Yr

-

-

0.7

0.6

0.3

Cap Lease Maturg over 3 Yr within 4 Yrs

4.2

0.1

-

-

-

Lease Maturing within 4 Yr

-

-

0.3

0.4

0.1

Cap Lease Maturg over 4 Yr within 5 Yrs

11.8

0.0

-

-

-

Lease Maturing within 5 Yr

-

-

0.0

0.2

0.0

Total Capital Leases, Supplemental

28.0

2.3

2.7

3.2

2.5

Pension obligation

1,023.3

1,099.4

1,060.1

963.1

938.7

Fair values of plan asset

807.2

833.6

821.7

737.9

607.9

Funded status

-216.1

-265.8

-238.3

-225.1

-330.8

Total Funded Status

-216.1

-265.8

-238.3

-225.1

-330.8

Discount rate

1.00%

1.50%

1.50%

1.40%

1.50%

Expected rate of return

2.00%

2.00%

2.00%

2.00%

2.00%

Unrecog. acturarial G/L

81.3

115.0

94.2

105.2

246.4

Unrecog. prior service cost

-2.4

-4.5

-8.3

-8.6

-8.8

Prepaid pension

44.6

45.5

41.2

37.8

58.1

Reserve pension benefit

-181.9

-200.8

-193.6

-166.4

-151.3

Net Assets Recognized on Balance Sheet

-58.4

-44.8

-66.4

-32.1

144.5

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Mar-2013

Updated Normal
31-Mar-2012

Updated Normal
31-Mar-2011

Updated Normal
31-Mar-2010

Updated Normal
31-Mar-2009

Filed Currency

JPY

JPY

JPY

JPY

JPY

Exchange Rate (Period Average)

82.970472

78.961215

85.691434

92.941082

100.484331

Auditor

Ernst & Young ShinNihon LLC

Ernst & Young ShinNihon LLC

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income,Bf.Tax

373.9

380.8

408.6

392.8

127.3

    Depreciation

304.4

357.6

338.2

340.7

343.9

    Amortization of goodwill

44.9

-

-

-

-

    Increase (decrease) in allowance for dou

-9.6

-12.8

-25.5

6.8

2.5

    Int.&Divid. Income

-7.4

-7.7

-6.2

-5.2

-10.4

    Interet Expense

13.1

9.6

7.2

6.9

10.3

    Loss (gain) on sales and retirement of p

10.8

-

-

-

-

    Loss (gain) on retirement and sales of p

-

7.9

9.3

12.6

10.3

    Equity in (earnings) losses of affiliate

-25.0

-16.3

-16.3

-11.7

11.0

    Impairment loss

14.6

7.6

76.5

0.0

-

    Decrease (increase) in notes and account

118.1

13.0

-57.3

-305.2

472.2

    Decrease (increase) in inventories

-16.6

-37.6

-22.8

-23.9

77.6

    Decrease (increase) in accounts receivab

-21.0

-2.1

-20.4

0.0

-

    Increase (decrease) in notes and account

-98.0

-29.4

15.4

192.8

-330.5

    Other Payable

-

-

-3.4

-22.0

-1.0

    Increase (decrease) in provision for los

-0.1

-31.0

28.7

0.0

-

    Increase (decrease) in provision for ret

3.6

6.3

5.7

6.5

5.3

    Increase In Cash And Cash Equivalents Fr

0.2

-

-

-

-

    Increase (decrease) in cash and cash equ

0.0

1.6

-

-

-

    Other, net

-34.4

-3.1

-35.1

22.1

22.9

    Int.&Divid. Rcvd.

25.0

22.0

23.3

14.5

19.3

    Interest expenses paid

-13.3

-9.1

-6.9

-7.0

-10.4

    Income taxes paid, cash basis

-105.3

-122.9

-212.8

-55.7

-198.0

    Income taxes refund

-

0.0

7.4

42.8

0.0

Cash from Operating Activities

577.9

534.5

513.6

607.9

552.2

 

 

 

 

 

 

    Purchase of short-term investment securi

0.0

-6.3

-40.8

0.0

-

    Proceeds From Redemption Of Securities

25.4

72.2

-

-

-

    Proceeds from redemption of securities

-

-

5.8

-

-

    Purchase of property, plant and equipmen

-579.0

-424.8

-321.0

-224.8

-361.0

    Proceeds from sales of property, plant a

13.8

24.3

5.6

7.3

17.7

    Purch. Invest Sec

-7.6

-24.2

-36.6

-16.7

-26.2

    Sale Invest Secs

5.9

51.7

3.3

7.0

3.4

    Purchase of trust rights

-

0.0

-67.3

0.0

-

    Redemption of trust rights

-

0.0

79.0

0.0

-

    Purch. of Subs. Stk.

-23.7

-460.9

-0.2

0.0

-2.1

    Sale of Subs. Stk. due to Consol. change

-

-

-

-

0.0

    Purc. of Subs. Stk. due to Consol. chan.

-34.9

-62.6

-18.6

0.0

-

    Other, net

-41.0

-20.5

-26.2

12.0

-46.0

Cash from Investing Activities

-641.0

-851.1

-417.2

-215.2

-414.2

 

 

 

 

 

 

    Net increase (decrease) in short-term lo

-6.3

36.9

-27.1

-14.4

-18.9

    Proceeds from issuance of bonds

0.0

126.6

-

-

-

    Proceeds from long-term loans payable

62.9

20.3

37.6

5.2

2.3

    Repayment of long-term loans payable

-19.5

-23.5

-0.6

-0.6

-2.5

    Issuance Corp. Bond

-

-

0.0

-

-

    Redempt Corp.Bond

-

-

-

-53.8

-39.8

    Dividends Paid

-95.4

-94.9

-85.1

-67.2

-70.3

    Dividend Minority

-1.2

-6.3

-3.3

-2.5

-2.6

    Other, net

25.0

-0.7

-1.1

-2.5

-5.4

Cash from Financing Activities

-34.6

58.4

-79.6

-135.8

-137.1

 

 

 

 

 

 

Foreign Exchange Effects

69.4

-0.8

-27.8

-2.5

-22.0

Net Change in Cash

-28.2

-259.1

-11.0

254.3

-21.1

 

 

 

 

 

 

Net Cash - Beginning Balance

919.8

1,225.6

1,140.3

795.8

757.2

Net Cash - Ending Balance

891.6

966.5

1,129.3

1,050.2

736.1

    Cash Interest Paid

13.3

9.1

6.9

7.0

10.4

    Cash Taxes Paid

105.3

122.9

205.4

12.8

198.0

 

 

Financial Health

 

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

Key Indicators USD (mil)

 

Quarter
Ending
30-Jun-2013

Quarter
Ending
Yr Ago

Annual
Year End
31-Mar-2013

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1 (?)

1,209.4

1.03%

5,600.2

-1.78%

0.68%

-5.81%

Research & Development1 (?)

-

-

179.8

-1.84%

-0.91%

-2.05%

Operating Income1 (?)

106.5

20.93%

328.3

4.34%

-11.41%

-13.51%

Income Available to Common Excl Extraord Items1 (?)

82.8

63.26%

226.8

14.56%

-7.15%

-9.75%

Basic EPS Excl Extraord Items1 (?)

0.40

63.26%

1.09

14.56%

-7.15%

-9.83%

Capital Expenditures2 (?)

-

-

579.0

43.21%

31.99%

7.03%

Cash from Operating Activities2 (?)

-

-

577.9

13.62%

-5.32%

-3.82%

Free Cash Flow (?)

-

-

-1.0

-

-

-

Total Assets3 (?)

4,952.2

11.43%

5,079.0

8.37%

3.86%

0.82%

Total Liabilities3 (?)

1,797.9

12.96%

1,816.4

8.23%

2.62%

-3.01%

Total Long Term Debt3 (?)

280.7

7.32%

298.2

12.85%

30.26%

10.41%

Employees3 (?)

-

-

17732

6.10%

5.12%

2.99%

Total Common Shares Outstanding3 (?)

208.2

0.00%

208.2

0.00%

0.00%

0.08%

1-ExchangeRate: JPY to USD Average for Period

98.564314

 

82.970472

 

 

 

2-ExchangeRate: JPY to USD Average for Period

 

 

82.970472

 

 

 

3-ExchangeRate: JPY to USD Period End Date

98.239969

 

94.088557

 

 

 

Key Ratios

 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Profitability

Gross Margin (?)

23.34%

22.00%

24.97%

24.79%

20.62%

Operating Margin (?)

5.86%

5.52%

6.85%

8.61%

3.45%

Pretax Margin (?)

6.68%

6.36%

7.04%

8.02%

2.62%

Net Profit Margin (?)

4.05%

3.47%

3.81%

5.16%

0.56%

Financial Strength

Current Ratio (?)

2.22

2.27

2.49

2.29

2.18

Long Term Debt/Equity (?)

0.09

0.09

0.05

0.05

0.05

Total Debt/Equity (?)

0.16

0.15

0.10

0.09

0.12

Management Effectiveness

Return on Assets (?)

4.23%

4.19%

4.90%

6.11%

0.84%

Return on Equity (?)

6.38%

5.89%

6.97%

9.06%

1.07%

Efficiency

Receivables Turnover (?)

4.43

4.51

4.86

5.26

5.01

Inventory Turnover (?)

7.94

9.10

9.94

9.57

9.88

Asset Turnover (?)

1.01

1.08

1.16

1.11

1.15

Market Valuation USD (mil)

P/E (TTM) (?)

14.37

.

Enterprise Value2 (?)

3,380.6

Price/Sales (TTM) (?)

0.68

.

Enterprise Value/Revenue (TTM) (?)

0.71

Price/Book (MRQ) (?)

1.02

.

Enterprise Value/EBITDA (TTM) (?)

6.27

Market Cap as of 11-Oct-20131 (?)

3,221.8

.

 

 

1-ExchangeRate: JPY to USD on 11-Oct-2013

98.109887

 

 

 

2-ExchangeRate: JPY to USD on 30-Jun-2013

98.239969

 

 

 

 

 

Annual Ratios

 

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 



 

31-Mar-2013

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

Financial Strength

Current Ratio (?)

2.22

2.27

2.49

2.29

2.18

Quick/Acid Test Ratio (?)

1.25

1.33

1.38

1.19

1.08

Working Capital1 (?)

1,468.3

1,688.2

1,948.7

1,545.0

1,135.5

Long Term Debt/Equity (?)

0.09

0.09

0.05

0.05

0.05

Total Debt/Equity (?)

0.16

0.15

0.10

0.09

0.12

Long Term Debt/Total Capital (?)

0.08

0.08

0.05

0.04

0.04

Total Debt/Total Capital (?)

0.14

0.13

0.09

0.08

0.11

Payout Ratio (?)

39.84%

45.64%

39.58%

28.35%

243.26%

Effective Tax Rate (?)

37.32%

39.14%

39.94%

31.59%

72.14%

Total Capital1 (?)

3,777.5

3,941.2

3,645.1

3,135.9

2,850.8

 

 

 

 

 

 

Efficiency

Asset Turnover (?)

1.01

1.08

1.16

1.11

1.15

Inventory Turnover (?)

7.94

9.10

9.94

9.57

9.88

Days In Inventory (?)

46.00

40.11

36.73

38.13

36.95

Receivables Turnover (?)

4.43

4.51

4.86

5.26

5.01

Days Receivables Outstanding (?)

82.41

80.96

75.10

69.45

72.88

Revenue/Employee2 (?)

278,507

343,574

376,778

319,153

323,581

Operating Income/Employee2 (?)

16,328

18,961

25,821

27,463

11,158

EBITDA/Employee2 (?)

33,698

39,470

47,775

49,661

34,044

 

 

 

 

 

 

Profitability

Gross Margin (?)

23.34%

22.00%

24.97%

24.79%

20.62%

Operating Margin (?)

5.86%

5.52%

6.85%

8.61%

3.45%

EBITDA Margin (?)

12.10%

11.49%

12.68%

15.56%

10.52%

EBIT Margin (?)

5.86%

5.52%

6.85%

8.61%

3.45%

Pretax Margin (?)

6.68%

6.36%

7.04%

8.02%

2.62%

Net Profit Margin (?)

4.05%

3.47%

3.81%

5.16%

0.56%

R&D Expense/Revenue (?)

3.21%

3.21%

3.25%

3.37%

3.27%

COGS/Revenue (?)

76.66%

78.00%

75.03%

75.21%

79.38%

SG&A Expense/Revenue (?)

15.06%

13.61%

12.98%

13.00%

13.27%

 

 

 

 

 

 

Management Effectiveness

Return on Assets (?)

4.23%

4.19%

4.90%

6.11%

0.84%

Return on Equity (?)

6.38%

5.89%

6.97%

9.06%

1.07%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2 (?)

0.00

0.50

0.96

1.83

0.93

Operating Cash Flow/Share 2 (?)

2.45

2.46

2.55

2.90

2.70

1-ExchangeRate: JPY to USD Period End Date

94.088557

82.385362

82.88

93.44

98.77

2-ExchangeRate: JPY to USD Average for Period

94.088557

82.385362

82.88

93.44

98.77

 

Current Market Multiples

Market Cap/Earnings (TTM) (?)

14.38

Market Cap/Equity (MRQ) (?)

1.02

Market Cap/Revenue (TTM) (?)

0.68

Market Cap/EBIT (TTM) (?)

13.02

Market Cap/EBITDA (TTM) (?)

5.97

Enterprise Value/Earnings (TTM) (?)

15.11

Enterprise Value/Equity (MRQ) (?)

1.07

Enterprise Value/Revenue (TTM) (?)

0.71

Enterprise Value/EBIT (TTM) (?)

13.68

Enterprise Value/EBITDA (TTM) (?)

6.27

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.53

UK Pound

1

Rs.99.75

Euro

1

Rs.84.75

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.