MIRA INFORM REPORT

 

 

Report Date :

18.09.2013

 

IDENTIFICATION DETAILS

 

Name :

HITACHI METALS, LTD.

 

 

Registered Office :

Seavans North Bldg., 1-2-1, Shibaura, Minato-Ku, 105-8614

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

02.03.1946

 

 

Legal Form :

Public Subsidiary

 

 

Line of Business :

Engaged in the provision of metal products and materials, electronics and information components and functional components

 

 

No. of Employees :

18,056

 

 

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 Metals, Ltd.

 

 

 

SEAVANS North Bldg., 1-2-1, Shibaura

 

 

Minato-Ku, 105-8614

Japan

 

 

Tel:

81-3-57654000

Fax:

81-3-57658311

 

www.hitachi-metals.co.jp

 

Employees:

18,056

Company Type:

Public Subsidiary

Corporate Family:

1074 Companies

Ultimate Parent:

Hitachi, Ltd.

Traded:

Tokyo Stock Exchange:

5486

Incorporation Date:

02-Mar-1946

Auditor:

Ernst & Young ShinNihon LLC

 

 

 

 

 

 

 

 

 

 

Fiscal Year End:

31-Mar-2013

Reporting Currency:

Japanese Yen

Annual Sales:

6,457.5  1

Net Income:

156.1

Total Assets:

5,752.9  2

Market Value:

5,150.3

 

(30-Aug-2013)

 

 

 

 

 

 

 

 

 

Business Description

 

 

Hitachi Metals, Ltd. is a Japan-based company engaged in the provision of metal products and materials, electronics and information components and functional components. The High-grade Metal Product segment manufactures and sells various metal rolls, components for injection molding machines, structural ceramics, steel structures and cutting tools, as well as high-grade special steel products, such as metal materials of tools and molds. The Electronic and Information Component segment manufactures and sells magnets, materials of information communication equipment and IT equipment, soft magnetic materials. The High-grade Functional Component segment manufactures and sells high-grade casting components of automobiles, piping machinery and building components. The Others segment is involved in real estate and software businesses. On April 1, 2013, it merged with Hitachi Cable Ltd. On July 1, 2013, the Company merged with Hitachi Cable Ltd. For the three months ended 30 June 2013, Hitachi Metals, Ltd. revenues decreased 4% to Y135.45B. Net income decreased 49% to Y3.69B. Revenues reflect Electronics, Information And Parts segment decrease of 23% to Y32.2B, Other segment decrease of 42% to Y358M, Luxury Metal Products segment decrease of less than 1% to Y56.97B. Net income also reflects Electronics, Information And Parts segment income decrease of 85% to Y760M

 


 

 

Industry

 

 

Industry

Metal Products Manufacturing

ANZSIC 2006:

2299 - Other Fabricated Metal Product Manufacturing Not Elsewhere Classified

ISIC Rev 4:

2599 - Manufacture of other fabricated metal products n.e.c.

NACE Rev 2:

2599 - Manufacture of other fabricated metal products n.e.c.

NAICS 2012:

33251 - Hardware Manufacturing

UK SIC 2007:

2599 - Manufacture of other fabricated metal products n.e.c.

US SIC 1987:

3499 - Fabricated Metal Products, Not Elsewhere Classified

 

Key Executives

 

 

 

Name

Title

 

Hiroyuki Fujii

Chairman of the Executive Board, Executive President, Representative Executive Officer, Director

 

Takaaki Fukushima

Director of Finance

 

Kichie Matsuzaki

Managing Officer

 

Hiromi Yoshioka

Chairman of the Board of Directors

 

Nobuhiko Shima

Managing Executive Officer, Representative Executive Officer, Manager of Technology Center, Manager of Export Management Office, Director

 

 

 

Significant Developments

 

 

Topic

#*

Most Recent Headline

Date

Mergers & Acquisitions

4

Hitachi Metals Ltd and Hitachi Cable Ltd Sign Merger Agreement

13-Feb-2013

Negative Earnings Pre-Announcement

1

Hitachi Metals Ltd Lowers Consolidated Full-year Forecast for FY 2013

30-Jan-2013

Other Earnings Pre-Announcement

1

Hitachi Metals Ltd Issues Consolidated Mid-year and Full-year Guidance for FY 2014; Issues Mid-year and Year-end Dividend Forecasts for FY 2014

26-Jul-2013

Equity Investments

1

Hitachi Metals, Ltd. Cancels Capital Alliance with Gloria Material Technology Corp.

5-Nov-2012

Dividends

1

Hitachi Metals Ltd to Pay Year-end Dividend for FY 2013

28-May-2013

 


 

News

 

 

Title

Date

Tokyo Stock Exchange: closing price list -3-
Japan Economic Newswire (244 Words)

12-Sep-2013

RESEARCH AND MARKETS : Global Permanent Magnet Market Report 2013-2018: NdFeB, Ferrite, SmCo, Alnico
4 Traders (600 Words)

11-Sep-2013

Global Permanent Magnet Market Report 2013-2018: NdFeB, Ferrite, SmCo, Alnico
Individual.com (655 Words)

11-Sep-2013

Tokyo Stock Exchange: morning price list -3-
Japan Economic Newswire (245 Words)

10-Sep-2013

Permanent Magnet Market 2013 Analysis & 2018 Forecasts
SBWire (894 Words)

10-Sep-2013

Permanent Magnet Market, By Types (NdFeB, Ferrite, SmCo, Alnico), End User Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace and Defense, Others) and Geography - Trends and Forecast To 2018
MarketResearch.com (765 Words)

10-Sep-2013

 

Financial Summary

 

 

As of 30-Jun-2013

Key Ratios

Company

Industry

Current Ratio (MRQ)

1.91

3.16

Quick Ratio (MRQ)

1.13

1.74

Debt to Equity (MRQ)

0.57

0.29

Sales 5 Year Growth

-5.24

6.76

Net Profit Margin (TTM) %

1.93

8.43

Return on Assets (TTM) %

1.84

7.34

Return on Equity (TTM) %

4.01

12.34

 

 

Stock Snapshot

 

 

Traded: Tokyo Stock Exchange: 5486

 

As of 30-Aug-2013

   Financials in: JPY

Recent Price

1,181.00

 

EPS

55.64

52 Week High

1,277.00

 

Price/Sales

0.95

52 Week Low

524.00

 

Dividend Rate

14.00

Avg. Volume (mil)

2.37

 

Price/Earnings

42.89

Market Value (mil)

506,536.00

 

Price/Book

1.72

 

 

 

Beta

1.28

 

Price % Change

Rel S&P 500%

4 Week

-7.37%

0.17%

13 Week

11.21%

14.20%

52 Week

42.12%

-4.43%

Year to Date

61.56%

25.59%

 

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
SEAVANS North Bldg., 1-2-1, Shibaura
Minato-Ku, 105-8614
Japan

 

Tel:

81-3-57654000

Fax:

81-3-57658311

 

www.hitachi-metals.co.jp

Quote Symbol - Exchange

5486 - Tokyo Stock Exchange

Sales JPY(mil):

535,779.0

Assets JPY(mil):

541,286.0

Employees:

18,056

Fiscal Year End:

31-Mar-2013

 

 

 

Industry:

Miscellaneous Fabricated Products

Incorporation Date:

02-Mar-1946

Company Type:

Public Subsidiary

Quoted Status:

Quoted

 

Chairman of the Executive Board, Executive President, Representative Executive Officer, Director:

Hiroyuki Fujii

 

Industry Codes

 

ANZSIC 2006 Codes:

2299

-

Other Fabricated Metal Product Manufacturing Not Elsewhere Classified

2121

-

Iron and Steel Casting

5420

-

Software Publishing

6720

-

Real Estate Services

2429

-

Other Electronic Equipment Manufacturing

 

ISIC Rev 4 Codes:

2599

-

Manufacture of other fabricated metal products n.e.c.

2680

-

Manufacture of magnetic and optical media

2431

-

Casting of iron and steel

6820

-

Real estate activities on a fee or contract basis

5820

-

Software publishing

2593

-

Manufacture of cutlery, hand tools and general hardware

 

NACE Rev 2 Codes:

2599

-

Manufacture of other fabricated metal products n.e.c.

5829

-

Other software publishing

2680

-

Manufacture of magnetic and optical media

6831

-

Real estate agencies

2451

-

Casting of iron

2573

-

Manufacture of tools

 

NAICS 2012 Codes:

33251

-

Hardware Manufacturing

531210

-

Offices of Real Estate Agents and Brokers

511210

-

Software Publishers

334613

-

Blank Magnetic and Optical Recording Media Manufacturing

332510

-

Hardware Manufacturing

331511

-

Iron Foundries

 

US SIC 1987:

3499

-

Fabricated Metal Products, Not Elsewhere Classified

3695

-

Magnetic and Optical Recording Media

7372

-

Prepackaged Software

6531

-

Real Estate Agents and Managers

3429

-

Hardware, Not Elsewhere Classified

3322

-

Malleable Iron Foundries

 

UK SIC 2007:

2599

-

Manufacture of other fabricated metal products n.e.c.

5829

-

Other software publishing

2680

-

Manufacture of magnetic and optical media

6831

-

Real estate agencies

2451

-

Casting of iron

2573

-

Manufacture of tools

 

Business Description

Hitachi Metals, Ltd. is a Japan-based company engaged in the provision of metal products and materials, electronics and information components and functional components. The High-grade Metal Product segment manufactures and sells various metal rolls, components for injection molding machines, structural ceramics, steel structures and cutting tools, as well as high-grade special steel products, such as metal materials of tools and molds. The Electronic and Information Component segment manufactures and sells magnets, materials of information communication equipment and IT equipment, soft magnetic materials. The High-grade Functional Component segment manufactures and sells high-grade casting components of automobiles, piping machinery and building components. The Others segment is involved in real estate and software businesses. On April 1, 2013, it merged with Hitachi Cable Ltd. On July 1, 2013, the Company merged with Hitachi Cable Ltd. For the three months ended 30 June 2013, Hitachi Metals, Ltd. revenues decreased 4% to Y135.45B. Net income decreased 49% to Y3.69B. Revenues reflect Electronics, Information And Parts segment decrease of 23% to Y32.2B, Other segment decrease of 42% to Y358M, Luxury Metal Products segment decrease of less than 1% to Y56.97B. Net income also reflects Electronics, Information And Parts segment income decrease of 85% to Y760M.

 

 

 

 

 

More Business Descriptions

Manufacture of special steel; automotive components; piping components; magnetic and electronic materials and parts; machine and building frames; plant and equipment

 

Mfr. of Steel & Special Steels, Forged & Cast Steel Products, Pipe Fittings

 

Hitachi Metals, Ltd. (Hitachi Metals) is a Japan-based company, that manufactures metal products and materials, functional components, and electronics and information components. Geographically, the company operates through various subsidiaries and branch offices and has significant presence in countries, such as Korea, China, the US, and India, among other countries. The company operates its business through four reportable segments, namely, High-Grade Metal Products and Materials, Electronics and IT Devices, High-Grade Functional Components and Equipment, and Others segments.High-Grade Metal Products and Materials segment of the company comprises three business units, namely, Specialty Steel Company, Roll Company, and Hitachi Tool Engineering, Ltd. Specialty Steel Company offers a diverse range of products including high-grade specialty steels including molds and tool steels, automotive products, infrastructure products, and alloys for electronic products (display-related, semiconductor and other packages). Its Roll Company business unit provides rolls for steel mills injection molding machine parts, ceramic products and steel-frame joints for construction. Hitachi Tool Engineering Ltd carries out the manufacturing of cutting tools. For the fiscal year 2012, through the High-Grade Metal Products and Materials segment, the company generated sales of JPY215,642m, indicating a decrease of 3.58% over 2011. The segment accounted for 38.72% of the company's total sales in 2012.The company’s Electronics and IT Devices segment consists of three business units, namely, NEOMAX Company, Soft Magnetic Materials Company, and Information System Components Company. NEOMAX Company carries out the process of developing permanent magnets, such as ferrite, rare-earth, casting and related products. Soft Magnetic Materials Company develops amorphous metals and related products. Since April 2011, the company has newly launched two producton plants namely the Metglas Yasugi Works in Japan and Metglas, Inc. in the United States for production of these materials. Information System Components Company is engaged in manufacturing multilayered devices and isolators for mobile phones, Nano-crystalline magnetic material, optical devices, and soft ferrite core related products. For the fiscal year 2012, through the Electronics and IT Devices segment, the company generated sales of JPY168,928m, indicating an increase of 26.53% over 2011. The segment accounted for 30.33% of the company's total sales in 2012.High-Grade Functional Components and Equipment segment of the company comprises three business units, namely, Automotive Components Company, Piping Components Company, and Hitachi Metals Techno, Ltd. Automotive Components Company offers heat-resistant exhaust casting components, aluminum components, ductile iron, and aluminum wheels. Piping Components Company provides piping and infrastructure components, such as pipe fittings, stainless steel, plastic piping components and chilled towers, which are coolant supply units used in semiconductor manufacturing. Hitachi Metals Techno, Ltd is involved in the manufacture and sale of building materials, equipment, and chains and related construction work. For the fiscal year 2012, through the High-Grade Functional Components and Equipment segment, the company generated sales of JPY170,891m, indicating an increase of 5.76% over 2011. The segment accounted for 30.68% of the company's total sales in 2012.The company’s Other segment is engaged in managing the company's other operations. For the fiscal year 2012, through the Others segment, the company generated sales of JPY1,453m, indicating an increase of 1.40% over 2011. The segment accounted for 0.26% of the company's total sales in 2012. Geographically, the company operates in five segments, namely, Japan, North America, Asia, Europe and Others. For the fiscal year ended 2012, Japn accounted for 58.41% of total revenue, followed by North America with 10.02%, Asia with 23.02%, Europe with 7.05%, and Other with 1.5% of the total revenue.In August 2012, the company with the US International Trade Commission (ITC) filed a formal complaint against 29 importers and manufacturers of sintered rare earth magnets and related products. In July 2012, the company and Hitachi Tool Engineering, Ltd. entered into a share exchange agreement, in which the company will become a parent company holding 100% interest of Hitachi Tool. In May 2012, the company entered into an agreement with Gloria Material Technology Corporation, a Taiwanese high-grade specialty steel manufacturer, for mutual cooperation in production, sales, technology, and investment.

 

Hitachi Metals, Ltd. (Hitachi Metals) is a manufacturer of metal products, materials and components. It conducts the manufacturing and marketing of high-grade metal products and materials, electronics and IT devices, high-grade functional components and equipment. The company's product lines include energy components and materials; IT components and materials; EMC noise reduction products; power supply components; magnetic appliances; products for CRT and flat panel display; computers and semiconductor IC products; automotive components and materials; piping and infrastructure products; tooling, tool steel, mold and die; metal and plastic manufacturing devices aviation; and space and nuclear industry materials. Geographically, the company has operations globally, and has a major presence in countries, such as the US, Germany, Singapore, China, India, Hong Kong, Thailand and Korea. Hitachi is headquartered in Tokyo, Japan.The company mainly focuses on increasing reputation for inventive and innovative thinking, flexibility and customer focus. It mainly concentrates to serve diversified customers and markets and also assures a continuous, innovative and distinctive flow of manufacturing metal materials and components. The company also aims to maintain its existing partnerships and to enter into new collaborative agreements to augment its services. This is indicated by recent partnership and collaboration agreements signed with Gloria Material Technology Corporation, for mutual cooperation in production, sales, technology, and investment. It also signed a share exchange agreement with Hitachi Tool Engineering, Ltd., to obtain 100% ownership of Hitachi Tool.The company reported revenues of (Yen) JPY 535,779.00 million during the fiscal year ended March 2013, a decrease of 3.80% from 2012. The operating profit of the company was JPY 18,468.00 million during the fiscal year 2013, a decrease of 50.78% from 2012. The net profit of the company was JPY 12,955.00 million during the fiscal year 2013, a decrease of 27.57% from 201

 

Financial Data

Financials in:

JPY(mil)

 

Revenue:

535,779.0

Net Income:

12,955.0

Assets:

541,286.0

Long Term Debt:

101,648.0

 

Total Liabilities:

290,988.0

 

Working Capital:

106.5

 

 

 

Date of Financial Data:

31-Mar-2013

 

1 Year Growth

-3.8%

-27.6%

-6.7%

 

Market Data

Quote Symbol:

5486

Exchange:

Tokyo Stock Exchange

Currency:

JPY

Stock Price:

1,181.0

Stock Price Date:

08-30-2013

52 Week Price Change %:

42.1

Market Value (mil):

506,536,000.0

 

SEDOL:

6429201

ISIN:

JP3786200000

 

Equity and Dept Distribution:

FY'99 to FY'02 WAS estimated. FY05,04,&06 1Q & 3Q's EPS, SharesO/S, DPS estimated. FY'04 3Q's BS:N/A. FY'08 3Q O/S=WAS. FY'08 WAS was used as o/s.

Top

 

Subsidiaries

Company

Percentage Owned

Country

Hitachi Metals Admet Ltd

100%

JAPAN

Hitachi Metals Tool Steel Ltd

100%

JAPAN

Hitachi Metals (Shanghai) Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Metals (India) Pvt Ltd

100%

INDIA

SinterMet LLC

100%

USA

Five Ace Technolgy Co Ltd

100%

USA

Hitachi Metals (Dongguan) Specialty Steel Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Metglas Inc

100%

USA

Hitachi Metals Automotive Components USA LLC

100%

USA

Pacific Metals Co Ltd

100%

USA

HMY Ltd

100%

JAPAN

Hitachi Valve Ltd

100%

JAPAN

Hitachi Metals America Ltd

100%

USA

AAP St Marys Corp

100%

USA

Ward Manufacturing Inc

100%

USA

Hitachi Metals Hong Kong Ltd

100%

HONG KONG SAR

Hitachi Metals (Thailand) Ltd

100%

THAILAND

Hitachi Metals Precision Ltd

100%

JAPAN

Hitachi Metals North Carolina Ltd

100%

USA

Hitachi Metals (China) Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Baosteel Hitachi Rolls (Nantong) Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

HMF Technology Korea Co Ltd

100%

SOUTH KOREA

Nam Yang Metals Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Hitachi Metglas (India) Pvt Ltd

100%

INDIA

Hitachi Metals Europe GmbH

100%

GERMANY

Hitachi Metals Singapore Pte Ltd

 

SINGAPORE

Hitachi Metals Techno Ltd

64.4%

JAPAN

Hitachi Tool Engineering Ltd

100%

JAPAN

 

 

 

 

Shareholders

 

 

Major Shareholders

Hitachi Ltd (52.8%); Japan Trustee Services Bank Ltd (5%)

 

 

 

Top

Key Corporate Relationships

Auditor:

Ernst & Young ShinNihon LLC

 

Auditor:

Ernst & Young ShinNihon LLC, Ernst & Young ShinNihon LLC

 

 

 

 

 

 

 

 

Hitachi Metals, Ltd.

 

 

Strengths/Weaknesses (SWOT)

 

 

Helpful
to achieving the objective

Harmful
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

·        Diversified Business Structure

·        Wide Range of Products

·        Significant Research and Development Activities

Weaknesses

·        Dependence on Japanese Markets

·        Financial Performance

External Origin
(attributes of the environment)

Opportunities

·        Strategic Agreements

·        Positive Outlook: Automobile and Infrastructure

·        Global Demand for Steel

Threats

·        Natural Calamities

·        Highly Competitive Market

·        Rising Raw Materials Costs

·        Consolidation in the Steel Industry

 

Overview

Hitachi Metals, Ltd. (Hitachi Metals) manufactures and markets high-grade metal products and materials, electronics and IT devices, high-grade functional components and equipment services and others. Diversified business operations coupled with strong R&D activities strengthen its business performance. Hitachi Metals made agreements to secure supply of rare earth materials for neodymium magnets to tap increasing demand for neodymium magnets in North America and Europe. However, the company is exposed to high competitive pressure that limits its market share and financial performance.

Strengths

Diversified Business Structure

The company has a diversified business structure which makes its business more competitive. As of April 1, 2012, the company reorganized its overall operations into three principal companies. The triple company structure would strengthen the company’s individual businesses while optimizing its overall operations, organically coordinating the management resources, which include across the market and product range and in terms of technologies and human resources. It maintains seven internal companies, namely, the Specialty Steel, Roll, NEOMAX, Information System Components, Soft Magnetic Materials, Automotive Components, and Piping Components divisions. These seven internal companies undertake separate capital investments, mergers and acquisitions, and overseas and other strategies. This has resulted into stronger businesses and more rapid strategic implementation for the company. This diversified business structure has enabled the company to accommodate broad markets and product lines.

Wide Range of Products

Hitachi Metals supplies a wide range of products based on the changing needs of its customers. The company offers these products through three major business segments, namely, High-Grade Metal Products and Materials, Electronics and IT Devices, and High-Grade Functional Components and Equipment. All these varied business operations are carried through the group's internal companies. The company has a diverse product portfolio with varied applications. It conducts the development of high-grade specialty steels; rolls and cutting tools; information system components; soft magnetic materials; magnets; casting components for automobiles; piping components and construction components. Hitachi Metals’s products are recognized as leading global brands. It has gained reputation for its high-quality technology and outstanding development capabilities. The company serves customers in various industries including automobiles, electronics and infrastructure. For the fiscal year 2011, Hitachi Metals generated 39% of its total sales from High-Grade Metal Products and Materials, 30% from Electronics and IT Devices, and 31% from High-Grade Functional Components and Equipment. A diversified portfolio of products has enabled the company maintain a balanced revenue profile.

Significant Research and Development Activities

The company has a strong research and development (R&D) focus for providing high-grade products through its research institutes and development centers. Hitachi Metals has a strong R&D arm that focuses on various activities, which support the company in cost reduction and process improvement, quality assurance, process control and system development. It has distinct facilities including production systems laboratory for development of new products and technologies; casting technology research laboratory for research and development of automotive technologies and environmental countermeasures; and metallurgical research laboratory for research on special metals including electronics materials, new materials, ultra-resistant environmental materials, machine tool materials, process technology and analysis technology. The company's R&D operations also consists of the development of new manufacturing methods, improvement of existing manufacturing methods, development of new products and the improvement of existing products. The company has strong focus on research and development to improve the company’s technologies and sales. Currently, the company’s research and development activities focus on expanding its eco-friendly product business. Such strong focus on research and development is making the company develop new technologies and products. For the fiscal year ended March 2012 (fiscal year 2011), the company incurred R&D expenses of JPY12,153m, compared to JPY12,224m in fiscal year 2011. In fiscal year 2011, new products accounted for 28% of the total sales, up from 24% in the previous year. In January 2011, the company’s DAC-MAGIC high-performance die cast tool steel received the main prize at the 53rd 10 Best New Product Awards sponsored by the Nikkan Kogyo Shimbun Ltd. Such strong R&D activities enhance operational performance by the company and will be an edge over its competitors.

Weaknesses

Dependence on Japanese Markets

The company’s business is highly concentrated in the Japanese markets even though the company markets its products throughout North America, Asia, Europe and other countries. For the fiscal year ended March 2012, the company generated a total revenue of JPY556,914m, 56.82% of which 58.4% was generated from Japan, followed by 23% from Asia, 10% from North America and 8.6% from Europe and the rest from others. The company’s 20 top customers 13 Japanese customers, while the other seven are from Europe, the US, and Asia. Though the company provides some automotive and other products to its overseas customers, it is yet to truly globalize its business. Such high dependence of the company on the Japanese market makes its business vulnerable to various political and economical factors.

Financial Performance

Hitachi Metals’ financial performance declined in the fiscal year 2011, compared to the previous fiscal year. The company reported a net income of JPY17,886m during the fiscal year 2011, representing a decrease of 19.45% over that in fiscal year 2010. In fiscal year 2011, the company recorded a fall in its various profitability indicators. The company’s return on equity (ROE) was 8.3% at the end of fiscal year 2011, as compared to 11% in 2010. Its return on assets was 6.6% in fiscal year 2011, as compared to 6.9% respectively in 2010. The fall was due to factors such as high raw materials costs, and a strong yen in foreign exchange markets.

Opportunities

Strategic Agreements

Hitachi Metals entered into master supply agreement with Molycorp, Inc in August 2011. According to the agreement, Hitachi Metals will receive the supply of rare earth materials for neodymium magnets that could provide assurance for the steady availability of such materials. Molycorp controls the Mountain Pass mine in California, the US, which is one of the richest rare earth mines in the world. With this agreement, Hitachi Metals reports the steady procurement of rare earth materials for neodymium magnets. In December 2011, Hitachi Metals revealed its plans for manufacturing neodymium magnets in the US to tap increasing demand for neodymium magnets in North America and Europe, specially for use in hybrid vehicles and electric vehicles. With the increased environment concern, the market for hybrid cars and electric vehicles will expand leading to increase in demand for neodymium magnets. In March 2011, Hitachi Metals invested in the establishment of a joint venture called Japan Aeroforge, Ltd. and advanced a forging press to make aircraft parts. The venture uses state-of-the-art presses to manufacture large forgings for the aircraft and other industries. Such initiatives taken by the company would provide it with better prospects for growth.

Positive Outlook: Automobile and Infrastructure

The outlook for automotive- and infrastructure-related demand remains strong even with uncertainties existing in the business environment. The company’s automotive-related products account for more than about 40% of its net sales. Demand for automobile and electronic products is high in the North American and European markets. Whereas in Asia, there are robust needs in the infrastructure and automobile product fields. Tool steel, razor blade materials, piston ring materials, and other specialty steel products as well as automobile castings are positioned as pivotal growth products in the global arena. In many countries and regions, there is strong growth in demand for magnets in the wake of energy conservation and more efficient electric power infrastructure. Thus, the company could meet this growth by establishing business bases close to consumer markets, which would enable it to mount swift responses to the quality-based needs of customers in these sectors. In recent years, the company developed HERCUNITE heat-resistant exhaust casting components, which helps in reducing CO2 emissions and fuel consumption in the next generation of gas engine vehicles. The company is also initiating mass production of neodymium magnets based on dysprosium deposition diffusion technology, taking advantage of favorable demand from the world’s first use of these magnets in hybrid electric vehicles. The company anticipates that the demand for high-toughness automotive ductile iron castings would keep growing in the coming years. Therefore, during the fiscal year 2011, it invested to increase production capacity at Nam Yang Metals Co., Ltd., the company’s Korean automotive casting components subsidiary, by installing a high-efficiency, high-precision castings line. The new line is expected to begin operations in summer 2012, raising monthly capacity at Nam Yang Metals from approximately 6,000 metric tons, to about 8,000 metric tons. This subsidiary, together with the Moka Plant in Tochigi Prefecture, Japan, and Hitachi Metals Automotive Components in North America, would enable the company to provide high-toughness ductile iron castings in the global market.

Global Demand for Steel

The increasing global demand for steel provides a positive outlook for the company's sale of steel products. According to World Steel Association, the global steel demand is expected to record a 5.4% growth in 2012 to around 1,500 million tonnes, as a result of higher consumption from developing nations. The demand for steel is expected to grow by 2.5% in the European Union to 159 million tonnes over 2011. Countries in Central and North America and Africa would register 9.8% and 11% growth in steel demand in 2012 to 52.4 million tonnes and 23.8 million tonnes, respectively, over the last year. In the Middle East, and Asia and Oceania, the growth in steel demand is expected at the rate of 7.9% and 5.4% in 2012 to 15 million tonnes and 963.1 million tonnes, respectively. In 2011, India's steel consumption was around 68 million tonnes, the third-highest steel consuming country in the world after China and the US. Thus, growing demand for steel could prove be a strong growth driver for the company's business in future. In May 2012, Hitachi Metals decided to enter into a business tie-up with Taiwanese high-grade specialty steel manufacturer Gloria Material Technology Corporation (GMTC) for mutual cooperation in production, sales, technology, and investment. The agreement also includes a capital tie-up arrangement under which Hitachi Metals will acquire a 5% interest in GMTC’s stock to be issued for capital increase by way of third-party allotment. The agreement would enable the creation of a partnership, which would mobilize the inherent strengths of both companies, aimed at capturing a larger share of the steadily expanding global market for high-grade specialty steel.

Threats

Natural Calamities

Hitachi Metals is a Japan-based manufacturing company, where its business activities are exposed to severe damage due to natural calamities. On March 11, 2011, the Great East Japan Earthquake damaged the production at its various plants, resulting in financial losses for the company. The company had to continue with its production adjustments throughout the year in the aftermath of the earthquake. Such unexpected and uncontrolled environment challenges could adversely damage its business performance and lead to incur additional cost to compensate such damages, which could hamper its financial position and profitability.

Highly Competitive Market

The company operates in metal products market, which is highly competitive. It faces competition from participants ranging in size from small companies focusing on single types of metal products, to large multinational corporations that produce and supply various types of metal products. The competitive factors in the industry include product characteristics, price, brand name trust and recognition, and customer service. The company competes with companies that have substantially greater financial, marketing and distribution resources. If the company is not able to maintain the product quality and consumer loyalty, this intense competition could reduce the sales volume of the company, thereby hampering its market position.

Rising Raw Materials Costs

The volatile raw material prices could have a material impact on the operational costs of the company. The primary raw materials used in the steel production include iron ore and coking coal. In the recent past the raw material prices used for steel production have seen substantial fluctuations. The higher raw material costs increases the production costs for companies, which forces them to either raise the prices of its products by placing the burden on the consumer, or to take the burden themselves by absorbing the higher costs and decreasing profit margins. In 2011, the company had to tackle the soaring costs of rare earths that are raw materials for its magnets. Thus, the price fluctuations may have a material impact on the product cost and further the operations of the company.

Consolidation in the Steel Industry

The ongoing consolidation in the steel industry could pose a threat to the company as the company is a active in the manufacture of a wide range of steel products. The steel industry has been witnessing a strong consolidation phase with many major acquisitions and mergers taking place in the recent past. Currently, in the US, there are less than half the number of steel producers that were present a decade ago. The top three steel producers of 2000 accounted for 28% of raw steel capacity as compared to the top three producers in 2011 accounting for 53%. The noteworthy mergers on a worldwide basis include Mittal Steel’s acquisition and then merger with Arcelor in 2006 and Tata Steel and Corus merger in 2007. Corus too was the result of a merger between British Steel and Hoogovens in 2002. A similar trend has been witnessed in the European and Asian markets. Even in China, a strong consolidation phase is expected with the top ten Chinese steel producers accounting for 50% of the national production. The cross border deals dominated the transactions with $69 billion in values compared to $58 billion from domestic transactions. Recently, Nippon Steel Corp. and Sumitomo Metal Industries Ltd. entered into an agreement to merge with effect from October 1, 2012. Thus, this ongoing consolidation will create big giants resulting in an increased competition among them. This may have an adverse affect on the company’s future growth plans.


 

Corporate Structure News

 

Corporate Family

:

 

Hitachi, Ltd.
Hitachi Metals, Ltd.

Hitachi Metals, Ltd.
Total Corporate Family Members: 1074
Excluded Small Branches and/or Trading Addresses: 58 (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

 

36

 

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 East Logistics Corporation

Subsidiary

Hiki-Gun, Saitama

Japan

Trucking

242.5

 

 

Vantec Kyushu Co.Ltd.

Subsidiary

Miyako-Gun, Fukuoka

Japan

Trucking

157.1

 

 

Vantec Hts Forwarding,Ltd.

Subsidiary

Chuo-Ku, Tokyo

Japan

Road Transportation Services

113.4

 

 

Vantec West Logistics Corporation

Subsidiary

Osaka, Osaka

Japan

Trucking

95.4

 

 

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

Dallas, TX

United States

Road Transportation Services

18.4

81

 

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

 

Shutoken Hitachi Transport Service Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

280.6

 

 

Chubu Hitachi Transport Service Co.,Ltd.

Subsidiary

Nagoya, Aichi

Japan

Trucking

279.0

 

 

Hitachi Collabonext Transport System Co., Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

257.6

 

 

Higashinippon Hitachi Transport Service Co., Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Trucking

239.1

 

 

Hitachi Finenext Transport System Co., Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

206.6

 

 

Hitachi Butsuryu Frontier K.K.

Subsidiary

Hitachi, Ibaraki

Japan

Trucking

172.9

 

 

Kyushu Hitachi Transport Service Co.,Ltd.

Subsidiary

Kasuya-Gun, Fukuoka

Japan

Trucking

172.6

 

 

Nisshin Transportation Co., Ltd.

Subsidiary

Osaka, Osaka

Japan

Travel and Reservation Services

172.3

 

 

Nisshin Trans Consolidator Co., Ltd.

Subsidiary

Osaka, Osaka

Japan

Postal, Shipping and Messengers

60.2

 

 

Hitachi Distribution Software Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Computer Programming

145.7

 

 

Hitachi Auto Service. Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Motor Vehicle Wholesale

141.2

 

 

Minamikanto Hitachi Transport Service Co., Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Trucking

132.5

 

 

Hitachi Direx Transport System Co., Ltd.

Subsidiary

Sapporo, Hokkaido

Japan

Trucking

132.3

 

 

Hitachi Orientlogi Transport System Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Trucking

123.1

 

 

Nishinippon Hitachi Transport Service Co, Ltd.

Subsidiary

Osaka, Osaka

Japan

Trucking

86.8

 

 

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

820.9

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

73.8

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

 

Shanghai Hitachi Cable Co., Ltd.

Subsidiary

Shanghai, Shanghai

China

Electrical Equipment and Appliances Manufacturing

 

1,200

 

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

 

Hitachi Magnet Wire Corp.

Subsidiary

Hitachi, Ibaraki

Japan

Metal Products Manufacturing

430.1

220

 

PHCP, Inc.

Subsidiary

Dasmarinas, Cavite

Philippines

Electrical Equipment and Appliances Manufacturing

 

192

 

Hitachi Alloy,Ltd.

Subsidiary

Kazo, Saitama

Japan

Metal Products Manufacturing

125.9

175

 

Suzhou Hitachi Cable Precision Co., Ltd

Subsidiary

Suzhou

China

Semiconductor and Other Electronic Component Manufacturing

 

100

 

Giga Epitaxy Technology Corp.

Subsidiary

Yangmei City, Taoyuan

Taiwan

Semiconductor and Other Electronic Component Manufacturing

 

62

 

Hitachi Cable Europe Ltd.

Subsidiary

Maidenhead

United Kingdom

Rubber and Plastic Product Manufacturing

51.7

46

 

Hitachi Querétaro, S.A. De C.V.

Subsidiary

Queretaro, Queretaro

Mexico

Electrical Equipment and Appliances Manufacturing

 

35

 

Hitachi Densen Shoji, Ltd.

Subsidiary

Taito-Ku, Tokyo

Japan

Electronics Wholesale

1,024.5

 

 

Tonichi Kyosan Cable,Ltd.

Subsidiary

Ishioka, Ibaraki

Japan

Metal Products Manufacturing

455.2

 

 

Hitachi Cable Fine Tech,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Metal Products Manufacturing

367.6

 

 

Hitachi Cable Mec-Tech,Ltd.

Subsidiary

Hitachi, Ibaraki

Japan

Miscellaneous Manufacturing

176.7

 

 

Hitachi Cable Networks,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Computer Programming

147.5

 

 

Hitachi Cable Asia Limited

Subsidiary

Tsim Sha Tsui, Kowloon

Hong Kong

Electronics Wholesale

128.9

 

 

Hitachi Cable Precision Co.,Ltd.

Subsidiary

Yonezawa, Yamagata

Japan

Semiconductor and Other Electronic Component Manufacturing

124.2

 

 

Hitachi Cable Film Device, Ltd.

Subsidiary

Chuo, Yamanashi

Japan

Semiconductor and Other Electronic Component Manufacturing

63.4

 

 

Tohoku Rubber Co.,Ltd.

Subsidiary

Sendai, Miyagi

Japan

Miscellaneous Manufacturing

49.6

 

 

Hokkai Hitachi Densen Kihan K.K.

Subsidiary

Sapporo, Hokkaido

Japan

Electronics Wholesale

39.0

 

 

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

500

 

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 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

0.8

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 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

 

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

18.5

64

 

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

 

 

 

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 Metals Hong Kong Limited

Subsidiary

Tsim Sha Tsui, Kowloon

Hong Kong

Metals and Minerals Wholesale

130.7

 

 

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

82.8

 

 

Toyo Seihaku Co.,Ltd.

Subsidiary

Koto-Ku, Tokyo

Japan

Metal Products Manufacturing

69.6

 

 

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

 

 

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

146.0

 

 

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 Kasei Auto Motive Products K.K.

Subsidiary

Tagawa, Fukuoka

Japan

Rubber and Plastic Product Manufacturing

293.8

 

 

Hitachi Chemical Co. (Hong Kong) Limited

Subsidiary

Tsuen Wan, New Territories

Hong Kong

Electronics Wholesale

273.6

 

 

Hitachi Kasei Polymer Co.,Ltd.

Subsidiary

Shinjuku-Ku, Tokyo

Japan

Paint, Coating, and Adhesive Manufacturing

156.9

 

 

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 Co.,(Taiwan) Ltd.

Subsidiary

Kaohsiung City

Taiwan

Semiconductor and Other Electronic Component Manufacturing

 

 

 

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

 

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

72.0

 

 

City Service Co.,Ltd.

Subsidiary

Chiba, Chiba

Japan

Building and Dwelling Services

11.7

 

 

Sii Network Systems Inc.

Subsidiary

Chiba, Chiba

Japan

Electrical Equipment and Appliances Manufacturing

9.8

 

 

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

205.9

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 Corporation

Subsidiary

London

United Kingdom

Electromedical and Control Instruments Manufacturing

 

17

 

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

529.6

 

 

Hitachi High-Tech Manufacturing&Service Corporation

Subsidiary

Hitachinaka, Ibaraki

Japan

Electromedical and Control Instruments Manufacturing

405.6

 

 

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

 

 

Sii Nano Technology (Shanghai) Inc.

Subsidiary

Shanghai, Shanghai

China

Electromedical and Control Instruments Manufacturing

7.5

 

 

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

208.6

 

 

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

114.2

149

 

Clarion (G.B.) Ltd

Subsidiary

Wootton Bassett

United Kingdom

Electrical Equipment and Appliances Manufacturing

9.4

23

 

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

99.3

 

 

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 Electronic 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

5.0

15

 

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

107.5

 

 

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

52.2

 

 

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

25.0

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

72.4

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 DENMARK A/S

Subsidiary

Esbjerg N, 6

Denmark

Machinery and Equipment Manufacturing

10.5

11

 

Hitachi Power Tools Finland Oy

Subsidiary

Lahti

Finland

Construction and Hardware Materials Wholesale

8.7

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

60.3

 

 

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

 

 

Shuwa Industry Corp.

Subsidiary

Narashino, Chiba

Japan

Specialty Construction Trade Contractors

66.3

 

 

Sanki Techno Service Co.,Ltd.

Subsidiary

Amagasaki, Hyogo

Japan

Appliance Repair and Maintenance

63.5

 

 

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-Upon-Thames

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

6.1

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

150.0

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 Rental

 

15

 

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

152.0

 

 

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

Carrollton, 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 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

25.0

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

1,050.0

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

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

5.0

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

 

 

 

Celerant UnLtd.

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

17.2

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

Medical Equipment and Supplies

4.9

20

 

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

41.7

90

 

Hitachi Medical Systems S.A.S.

Subsidiary

Villebon-sur-Yvette

France

Professional and Commercial Equipment Wholesale

28.9

71

 

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

 

Hitachi Elevator Electric Machine (Guangzhou) Co., Ltd.

Subsidiary

Guangzhou, Guangdong

China

Machinery and Equipment Manufacturing

101.3

 

 

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

20.7

 

 

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

52.8

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

173.6

 

 

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

8.8

171

 

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

121.4

432

 

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 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 Data Systems Pte. Ltd.

Subsidiary

Singapore

Singapore

Computer System Design Services

 

 

 

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

 

Hitachi Home Electronics (Europe) Ltd.

Subsidiary

London

United Kingdom

Semiconductor and Other Electronic Component Manufacturing

 

383

 

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 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 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 Construction Machinery (Europe) B. V.

Subsidiary

London

United Kingdom

 

 

187

 

Hitachi Computer Products (Europe) SAS

Subsidiary

Olivet

France

Computer and Peripheral Equipment Manufacturing

355.3

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

 

Shoden Data Systems UK Ltd.

Subsidiary

Slough

United Kingdom

Computer System Design Services

4.1

4

 

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

 

Confio Software

Branch

Boulder, CO

United States

Electronics and Appliances Stores

4.5

18

 

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

Branch

Itasca, IL

United States

Computer Programming

2.2

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

69.1

 

 

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

150.0

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

5.0

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

25.0

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

 

AccSys Technology, Inc.

Subsidiary

Pleasanton, CA

United States

Electrical Equipment and Appliances Manufacturing

5.0

30

 

Hitachi Medical Systems Sl

Subsidiary

Madrid

Spain

Professional and Commercial Equipment Wholesale

3.3

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 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 Drives & Automation GmbH

Subsidiary

Düsseldorf, Nordrhein-Westfalen

Germany

Semiconductor and Other Electronic Component Manufacturing

 

13

 

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

 

Hitachi Cable America, Inc. - Indiana Plant

Facility

New Albany, IN

United States

Motor Vehicle Parts Manufacturing

75.0

700

 

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

 

 

 

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

25.0

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

9,031.9

 

 

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 Engineering Co.,Ltd.

Subsidiary

Hitachinaka, Ibaraki

Japan

Motor Vehicle Parts Manufacturing

450.2

 

 

Hitachi Auto Parts & Service Co., Ltd.

Subsidiary

Kawasaki, Kanagawa

Japan

Motor Vehicle Wholesale

281.5

 

 

Hitachi Automotive Systems Hanshin,Ltd.

Subsidiary

Sanda, Hyogo

Japan

Motor Vehicle Parts Manufacturing

238.2

 

 

Tokico Technology Ltd.

Subsidiary

Yokohama, Kanagawa

Japan

Machinery Wholesale

219.9

 

 

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

 

 

Hokkaido Hitachi Systems, Ltd.

Subsidiary

Sapporo, Hokkaido

Japan

Specialty Construction Trade Contractors

56.0

 

 

Shikoku Hitachi Systems, Ltd.

Subsidiary

Takamatsu, Kagawa

Japan

Electronics Wholesale

38.7

 

 

Hitachi Consumer Marketing,Inc.

Subsidiary

Minato-Ku, Tokyo

Japan

Electronics Wholesale

3,752.9

 

 

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

1,082.2

 

 

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

703.3

 

 

Alaxala Networks Corporation

Subsidiary

Kawasaki, Kanagawa

Japan

Electrical Equipment and Appliances Manufacturing

375.0

 

 

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

219.4

 

 

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

144.4

 

 

Ie Solution Service Co.,Ltd.

Subsidiary

Inazawa, Aichi

Japan

Electrical Equipment and Appliances Manufacturing

50.4

 

 

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 Business International,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Miscellaneous Professional Services

100.3

 

 

Hitachi Procurement Service Co.,Ltd.

Subsidiary

Chiyoda-Ku, Tokyo

Japan

Paper Wholesale

99.4

 

 

Hitachi Insphama.Ltd.

Subsidiary

Osaka, Osaka

Japan

Data Processing

98.1

 

 

Hokkaido Hitachi, K.K.

Subsidiary

Sapporo, Hokkaido

Japan

Electronics Wholesale

97.4

 

 

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

 

 

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

72.0

 

 

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

280.1

 

 

Seishin Service Corporation.

Subsidiary

Adachi-Ku, Tokyo

Japan

Building and Dwelling Services

146.5

 

 

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

 

 

 

 

 

 

Hitachi Cable, Ltd.

Subsidiary

London

United Kingdom

 

 

 

 

 

Hitachi Cable International, 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

 

Atago Corporation Co.,Ltd.

Subsidiary

Toshima-Ku, Tokyo

Japan

Building and Dwelling Services

150.1

 

 

Hitachi-Kucho Se,Ltd.

Subsidiary

Shizuoka, Shizuoka

Japan

Motor Vehicle Parts Manufacturing

76.9

 

 

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

158.0

 

 

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

 

 

 

 

 

Hitachi Metals, Ltd.

 

Competitors Report

 

CompanyName

Location

Employees

Ownership

Componenta Oyj

Helsinki, Finland

4,054

Public

Hankuk Steel Wire Co., Ltd.

Busan, Korea, Republic of

226

Public

Mukand Limited

Mumbai, India

1,970

Public

SONY CORPORATION

Minato-Ku, Japan

146,300

Public

 

 

 

 

Hitachi Metals, Ltd.

Minato-Ku, , Japan, Tel: 81-3-57654000, URL: http://www.hitachi-metals.co.jp

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Hiromi Yoshioka

 

Chairman of the Board of Directors

Chairman

 

Biography:

Mr Hiromi Yoshioka has been serving as Chairman of the Board of Directors in Hitachi Metals, Ltd. since April 2013. He is also a member of Audit Committee. He joined the Company in April 1970. His previous titles include Representative Executive Officer, Senior Managing Executive Officer, Manager of Export Management Office, President of Information Parts Company and Managing Executive Officer of the Company.

 

Age: 65

 

Hiroyuki Fujii

 

Chairman of the Executive Board, Executive President, Representative Executive Officer, Director

Director/Board Member

 

 

Biography:

Mr. Hiroyuki Fujii has been serving as Chairman of the Executive Board, Executive President, Representative Executive Officer and Director in Hitachi Metals, Ltd., since April 1, 2013. He is also a member of Nominating Committee. He joined the Company in April 1972. His previous titles include Senior Managing Executive Officer, Manager of Technology Center, Executive Officer, Managing Executive Officer and Tottori Plant Manager of the Company. He obtained his Master's degree in Engineering from Kumamoto University in March 1972.

 

Age: 66

 

Education:

Kumamoto University, M (Engineering)

 

Tadahiko Ishigaki

 

Director

Director/Board Member

 

 

Age: 66

 

Hisashi Machida

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Hisashi Machida has been serving as Independent Director in Hitachi Metals, Ltd. since June 2011. He is a member of Nominating Committee and Audit Committee of the Company. He used to be Executive Vice President, Representative Executive Officer and Director in NSK Ltd.

 

Age: 65

 

Nobuo Mochida

 

Director

Director/Board Member

 

 

Biography:

Mr. Nobuo Mochida has been serving as Director in Hitachi Metals, Inc. since April 2013. He is also a member of Compensation Committees. He is now serving as Executive Vice President and Representative Executive Officer in Hitachi, Ltd. Mr. Mochida joined the Company in April 1970. His previous titles include Executive President, Representative Executive Officer, Kumagaya Magnetic Material Plant Manager and President of Magnetic Material Company of the Company.

 

Age: 66

 

Education:

University of Tokyo, B (Engineering)

 

Toshikazu Nishino

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Toshikazu Nishino has been serving as Independent Director in Hitachi Metals, Ltd. since June 2012. He is Member of Audit and Compensation Committee of the Company. He is also Senior Managing Executive Officer in Hitachi, Ltd. He used to work for Hitachi Displays, Ltd. and Renesas Technology Corp.

 

Age: 58

 

Education:

Tokyo Institute of Technology, M (Physics)

 

Yasutoshi Noguchi

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Yasutoshi Noguchi has been serving as Independent Director in Hitachi Metals, Ltd. since June 2010. He is also a member of Nominating, Audit and Compensation Committees. He used to work in TEIJIN LIMITED. He also used to be President and Representative Director in another Japan-based company, as well as Vice President and Director in DuPont Teijin Films U.S. Limited Partnership.

 

Age: 67

 

Nobuhiko Shima

 

Managing Executive Officer, Representative Executive Officer, Manager of Technology Center, Manager of Export Management Office, Director

Director/Board Member

 

 

Biography:

Mr. Nobuhiko Shima has been serving as Managing Executive Officer, Representative Executive Officer, Manager of Technology Center, Manager of Export Management Office and Director in Hitachi Metals, Ltd. since April 2012. He used to serve as President and Representative Director of Hitachi Tool Engineering Ltd. Mr. Shima obtained his Master's degree in Engineering Sciences from Waseda University.

 

Age: 59

 

Education:

Waseda University, M (Engineering Sciences)

 

Hideaki Takahashi

 

Director

Director/Board Member

 

 

Biography:

Mr. Hideaki Takahashi has been serving as Director in Hitachi Metals Ltd. since June 2013. He is also serving as Chief Executive Officer, Executive President, Representative Executive Officer and Director in Hitachi Cable Ltd. Mr. Takahashi used to ser vas President and Representative Director in Hitachi Building Systems Co., Ltd. Mr. Takahashi obtained his Master's degree in Electrical Engineering from Chiba University in March 1978.

 

Age: 60

 

Education:

Chiba University, M (Electrical Engineering)

 

 

Executives

 

Name

Title

Function

 

Hiroyuki Fujii

 

Chairman of the Executive Board, Executive President, Representative Executive Officer, Director

President

 

Biography:

Mr. Hiroyuki Fujii has been serving as Chairman of the Executive Board, Executive President, Representative Executive Officer and Director in Hitachi Metals, Ltd., since April 1, 2013. He is also a member of Nominating Committee. He joined the Company in April 1972. His previous titles include Senior Managing Executive Officer, Manager of Technology Center, Executive Officer, Managing Executive Officer and Tottori Plant Manager of the Company. He obtained his Master's degree in Engineering from Kumamoto University in March 1972.

 

Age: 66

 

Education:

Kumamoto University, M (Engineering)

 

Ryota Goto

 

Executive Officer, Director of Metal Material Business in Electric Cable Material Company

Division Head Executive

 

 

Biography:

Mr. Ryota Goto has been serving as Executive Officer and Director of Metal Material Business in Electric Cable Material Company in Hitachi Metals, Ltd. since July 1, 2013. He is also serving as Executive Officer and Chief Director of Metal Material Business in Hitachi Cable, Ltd. He obtained his Bachelor's degree in Economics from Kyushu University in March 1976.

 

Age: 60

 

Education:

Kyushu University, B (Economics)

 

Naoki Hamamoto

 

Managing Executive Officer, Manager of Finance Center

Division Head Executive

 

 

Biography:

Mr. Naoki Hamamoto has been serving as Managing Executive Officer and Manager of Finance Center in Hitachi Metals, Ltd. since April 2013. He joined the Company in April 1973. He previously served as Executive Officer, Assistant Manager of Business Planning Office, Manager of Communication Office, Manager of Corporate Business Center and President of NEOMAX Company of the Company.

 

Age: 62

 

Masato Hasegawa

 

Executive Officer, Yasugi Plant Manager, Deputy Director of Special Steel Business

Division Head Executive

 

 

Biography:

Mr. Masato Hasegawa has been serving as Executive Officer, Yasugi Plant Manager and Deputy Director of Special Steel Business in Hitachi Metals, Ltd. since April 2012. He joined the Company in April 1983. His previous title was Director of Production Technology.

 

Age: 52

 

Akitoshi Hiraki

 

Managing Executive Officer, President of High-grade Steel Company, Assistant Manager of Export Management Office

Division Head Executive

 

 

Biography:

Mr. Akitoshi Hiraki has been serving as Managing Executive Officer, President of High-grade Steel Company and Assistant Manager of Export Management Office in Hitachi Metals, Ltd. since April 2013. His previous titles were Executive Officer and President of Special Steel Company. He joined the Company in April 1985. He used to serve as President in a subsidiary.

 

Age: 52

 

Nobumichi Hisatomi

 

Executive Officer, President of High-grade Metal Company, Senior Director of Roll Business

Division Head Executive

 

 

Biography:

Mr. Nobumichi Hisatomi has been serving as Executive Officer, President of High-grade Metal Company and Senior Director of Roll Business in Hitachi Metals, Ltd. since April 2013. He joined the Company in April 1973. His previous titles include President of Roll Company, Assistant Manager of Export Management Office and Assistant Manager of Sales Center.

 

Age: 62

 

Junichi Kamata

 

Executive Officer, Director of Piping Machinery Business

Division Head Executive

 

 

Biography:

Mr. Junichi Kamata has been serving as Executive Officer and Director of Piping Machinery Business of Hitachi Metals, Ltd. since April 2012. He joined the Company in April 1978, and served as President of Piping Machinery Company, Assistant Manager of Export Management Office, Human Resources & General Affairs in Corporate Business Center and Manager of Business Planning Office of the Company.

 

Age: 59

 

Kazutsugu Kamatani

 

Executive Officer, Manager of Business Planning Office, Manager of Communication Office

Division Head Executive

 

 

Biography:

Mr. Kazutsugu Kamatani has been serving as Executive Officer, Manager of Business Planning Office and Manager of Communication Office in Hitachi Metals, Ltd. since April 2012. He used to work for a company now known as NEOMAX CO., Ltd.

 

Age: 61

 

Fumio Kanaya

 

Executive Officer, Director of Electric Cable Business in Electric Cable Material Company

Division Head Executive

 

 

Biography:

Mr. Fumio Kanaya has been serving as Executive Officer and Director of Electric Cable Business in Electric Cable Material Company in Hitachi Metals, Ltd. since July 1, 2013. He is also Executive Officer and Chief Director of Cable Business in Hitachi Cable, Ltd. He obtained his Bachelor's degree in Law from Sophia University in March 1980.

 

Age: 56

 

Education:

Sophia University, B (Law)

 

Hiroshi Kikuchihara

 

Executive Officer, Assistant Manager of Sales Center

Division Head Executive

 

 

Biography:

Mr. Hiroshi Kikuchihara has been serving as Executive Officer and Assistant Manager of Sales Center in Hitachi Metals Ltd since July 1, 2013. He is also serving as Executive Officer, Chief Senior Director of Sales and Manager of Kansai Officer in Hitachi Cable, Ltd. Mr. Kikuchihara obtained his Bachelor's degree in Engineering from Keio University in March 1978.

 

Age: 59

 

Education:

Keio University, B (Engineering)

 

Kazuyuki Konishi

 

Managing Executive Officer, Manager of Overseas Business Planning Center

Division Head Executive

 

 

Biography:

Mr. Kazuyuki Konishi has been serving as Managing Executive Officer and Manager of Overseas Business Planning Center of Hitachi Metals, Ltd. since April 2013. He joined the Company in April 1976. His previous titles include Executive Officer, Kyushu Plant Manager, Vice President of Automobile Equipment Company and Mooka Plant Manager of the Company, as well as President and Director of a subsidiary, Hitachi Metals America, Ltd.

 

Age: 62

 

Akihiro Matsunaga

 

Managing Executive Officer, President of High-grade Machine Products Company, Assistant Manager of Export Management Office

Division Head Executive

 

 

Biography:

Mr. Akihiro Matsunaga has been serving as Managing Executive Officer, President of High-grade Machine Products Company and Assistant Manager of Export Management Office in Hitachi Metals, Ltd. since April 2013. He joined the Company in April 1973. He used to be President of Automobile Parts Company and Assistant Manager of Export Management Office in the Company, as well as President in a subsidiary.

 

Age: 62

 

Shinichiro Murayama

 

Managing Executive Officer, Manager of Sales Center

Division Head Executive

 

 

Biography:

Mr. Shinichiro Murayama has been serving as Managing Executive Officer and Manager of Sales Center in Hitachi Metals, Ltd. since April 2010. He joined the Company in April 1976. He previously served as Executive Officer, President of Special Steel Company, Assistant Manager of Exportation Management Office, Yasugi Plant Manager and Director of Human Resources in Administration Center of the Company.

 

Age: 60

 

Masaaki Nakamura

 

Executive Officer, Manager of Human Resources & General Affairs Center, Manager of Information System Center

Division Head Executive

 

 

Biography:

Mr. Masaaki Nakamura has been serving as Executive Officer, Manager of Human Resources & General Affairs Center and Manager of Information System Center in Hitachi Metals, Ltd. since April 2013. He joined the Company in April 1976. He used to to Managing Director in Hitachi Tool Engineering, Ltd.

 

Age: 60

 

Hiroki Nakanishi

 

Managing Executive Officer, Manager of Development Center

Division Head Executive

 

 

Biography:

Mr. Hiroki Nakanishi has been serving as Managing Executive Officer and Manager of Development Center of Hitachi Metals, Ltd. since April 2012. He joined the Company in April 1974, and served as Executive Assistant Manager of Exportation Management Office and President of Soft Magnetic Material Company, Assistant Manager of New Business Development Center and others of the Company.

 

Age: 63

 

Eiji Nakano

 

Executive Officer, President of Subsidiary

Division Head Executive

 

 

Biography:

Mr. Eiji Nakano has been serving as Executive Officer in Hitachi Metals, Ltd., as well as President and Representative Director in a subsidiary since April 2013. He joined the Company in April 1983.

 

Age: 54

 

Masahiro Ohtsuka

 

Executive Officer, Senior Director of Planning in Electric Material Company

Division Head Executive

 

 

Biography:

Mr. Masahiro Ohtsuka has been serving as Executive Officer and Senior Director of Planning in Electric Material Company in Hitachi Metals, Ltd. since July 1, 2013. He is also serving as Executive Officer, Chief Director of Supervision Planning and Chief Director of Business Support in Hitachi Cable Ltd. Mr. Ohtsuka obtained his Bachelor's degree in Law from University of Tokyo in March 1981.

 

Age: 55

 

Education:

University of Tokyo, B (Law)

 

Nobuhiko Shima

 

Managing Executive Officer, Representative Executive Officer, Manager of Technology Center, Manager of Export Management Office, Director

Division Head Executive

 

 

Biography:

Mr. Nobuhiko Shima has been serving as Managing Executive Officer, Representative Executive Officer, Manager of Technology Center, Manager of Export Management Office and Director in Hitachi Metals, Ltd. since April 2012. He used to serve as President and Representative Director of Hitachi Tool Engineering Ltd. Mr. Shima obtained his Master's degree in Engineering Sciences from Waseda University.

 

Age: 59

 

Education:

Waseda University, M (Engineering Sciences)

 

Shigekazu Suwabe

 

Executive Officer

Division Head Executive

 

 

Biography:

Mr. Shigekazu Suwabe has been serving as Executive Officer in Hitachi Metals, Ltd., since April 2013. He joined the Company in April 1986.

 

Age: 51

 

Masaaki Tsuji

 

Executive Officer, Director of Device Business in Electric Cable Material Company

Division Head Executive

 

 

Biography:

Mr. Masaaki Tsuji has been serving as Executive Officer and Director of Device Business in Electric Cable Material Company in Hitachi Metals, Ltd. since July 1, 2013. He is also serving as Executive Officer and Chief Director of Information Device in Hitachi Cable, Ltd. He obtained his Bachelor's degree in Electronics Engineering from University of Tokyo in March 1977.

 

Age: 59

 

Education:

University of Tokyo, B (Electronics Engineering)

 

Kichie Matsuzaki

 

Managing Officer

Administration Executive

 

 

Age: 61

 

Hironori Nakanishi

 

Vice President and Managing Officer

Administration Executive

 

 

Age: 62

 

Mikio Yasuoka

 

Managing Officer

Administration Executive

 

 

Age: 57

 

Takaaki Fukushima

 

Director of Finance

Investor Relations Executive

 

 

 

 

Hitachi Metals, Ltd.

 

 

 

Significant Developments

 

 

 

Hitachi Metals Ltd Issues Consolidated Mid-year and Full-year Guidance for FY 2014; Issues Mid-year and Year-end Dividend Forecasts for FY 2014

Jul 26, 2013


Hitachi Metals Ltd announced that it has issued the consolidated mid-year guidance for revenue of JPY 347, 00 million, operating profit of JPY 21,500 million, ordinary profit of JPY 19,500 million, net profit of JPY 8,000 million and earning per share of JPY 20.17 for the fiscal year ending March 31, 2014. The Company has also issued the consolidated full-year guidance for revenue of JPY 780,000 million, operating profit of JPY 53,000 million, ordinary profit of JPY 51,000 million, net profit of JPY 34,000 million and earning per share of JPY 82.49 for the fiscal year ending March 31, 2014. The Company has issued the mid-year dividend forecast of JPY 7.00 per share and the year-end dividend forecast of JPY 7.00 per share for the fiscal year ending March 31, 2014.

Hitachi Metals Ltd to Pay Year-end Dividend for FY 2013

May 28, 2013


Hitachi Metals Ltd announced that it will pay a year-end dividend of JPY 7.00 per share (JPY 2,558 million in total), in line with the latest dividend forecast of JPY 7.00 per share, to all the shareholders as a record of March 31, 2013, effective May 30, 2013.

R&I Affirms Hitachi Metals Ltd's Rating at "A"; Rating Outlook Stable

May 13, 2013


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

Hitachi Metals Ltd and Hitachi Cable Ltd Sign Merger Agreement

Feb 13, 2013


Hitachi Metals Ltd and Hitachi Cable Ltd announced that the two companies have signed a merger agreement. Based on the agreement, the two companies will merge effective July 1, 2013, and as a result, Hitachi Cable will be dissolved. Hitachi Cable will delist its stock from Tokyo Stock Exchange and Osaka Securities Exchange effective June 26, 2013.

Hitachi Metals Ltd Lowers Consolidated Full-year Forecast for FY 2013

Jan 30, 2013


Hitachi Metals Ltd announced that it has lowered the consolidated full-year forecast for revenue from JPY 548,000 million to JPY 532,000 million, operating profit from JPY 42,500 million to JPY 22,000 million, ordinary profit from JPY 39,100 million to JPY 20,500 million, net profit from JPY 25,200 million to JPY 12,000 million and earning per share from JPY 70.17 to JPY 33.53 for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to the downturn in economy and the aggravated order environment.

Hitachi Cable Ltd Extends Execution of Merger Agreement with Hitachi Metals Ltd

Jan 11, 2013


Hitachi Cable Ltd announced that it has decided to extend the execution of the merger agreement with Hitachi Metals Ltd.

Hitachi Metals Ltd to Merge with Hitachi Cable Ltd

Nov 13, 2012


Hitachi Metals Ltd announced that it will merge with Hitachi Cable Ltd, effective April 1, 2013. As a result, Hitachi Metals will become the surviving company and Hitachi Cable will be dissolved.

Hitachi Metals Ltd And Hitachi Cable Ltd To Merge-Reuters

Nov 12, 2012


Reuters reported that Hitachi Ltd's subsidiaries Hitachi Metals Ltd and Hitachi Cable Ltd plan to merge in April, creating a materials producer with businesses ranging from automotive and electronics parts to fiber optics.

Hitachi Metals, Ltd. Cancels Capital Alliance with Gloria Material Technology Corp.

Nov 05, 2012


Hitachi Metals, Ltd. announced that it has decided to cancel the capital alliance with a Taiwan-based company, Gloria Material Technology Corporation, which was announced on May 8, 2012. The two companies will continue the business alliance.

 

 

News

 

 

Tokyo Stock Exchange: closing price list -3-
Japan Economic Newswire (244 Words)

12-Sep-2013

 

 

RESEARCH AND MARKETS : Global Permanent Magnet Market Report 2013-2018: NdFeB, Ferrite, SmCo, Alnico
4 Traders (600 Words)

11-Sep-2013

 

 

Global Permanent Magnet Market Report 2013-2018: NdFeB, Ferrite, SmCo, Alnico
Individual.com (655 Words)

11-Sep-2013

 

 

Tokyo Stock Exchange: morning price list -3-
Japan Economic Newswire (245 Words)

10-Sep-2013

 

 

Permanent Magnet Market 2013 Analysis & 2018 Forecasts
SBWire (894 Words)

10-Sep-2013

 

 

Permanent Magnet Market, By Types (NdFeB, Ferrite, SmCo, Alnico), End User Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace and Defense, Others) and Geography - Trends and Forecast To 2018
MarketResearch.com (765 Words)

10-Sep-2013

 

 

Tokyo Stock Exchange: closing price list -3-
Japan Economic Newswire (244 Words)

10-Sep-2013

 

 

US Patent Issued to Hitachi Metals on Sept. 10 for "SiC substrate and method of manufacturing the same" (Japanese Inventor)
U.S. Fed News (153 Words)

10-Sep-2013

 

 

POLYCRYSTALLINE SCINTILLATOR FOR DETECTING SOFT X-RAYS
European Patents (179 Words)

09-Sep-2013

 

 

LOW-THERMAL-EXPANSION NI-BASED SUPER-HEAT-RESISTANT ALLOY FOR BOILER AND HAVING EXCELLENT HIGH-TEMPERATURE STRENGTH, AND BOILER COMPONENT AND BOILER...
European Patents (80 Words)

09-Sep-2013

 

 

METHOD FOR WASHING MOUTHPIECE MEMBER AND APPARATUS FOR WASHING MOUTHPIECE MEMBER
European Patents (44 Words)

09-Sep-2013

 


Annual Income Statement

Hitachi Metals, Ltd.

 

Minato-Ku, Japan, Tel: 81-3-57654000, URL: http://www.hitachi-metals.co.jp

 

 

Financials in: USD (mil)

 

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

 

 

 

 

 

 

  Financial Glossary

 

 

 

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 with Explanation

 

 

 

 

 

 

    Net Sales

6,457.5

7,053.0

6,070.5

4,644.7

5,878.6

Revenue

6,457.5

7,053.0

6,070.5

4,644.7

5,878.6

Total Revenue

6,457.5

7,053.0

6,070.5

4,644.7

5,878.6

 

 

 

 

 

 

    Cost of Revenue

5,311.3

5,558.8

4,741.2

3,791.5

4,935.6

Cost of Revenue, Total

5,311.3

5,558.8

4,741.2

3,791.5

4,935.6

Gross Profit

1,146.1

1,494.2

1,329.2

853.2

943.0

 

 

 

 

 

 

    Selling/General/Administrative Expense

468.8

494.5

443.5

369.0

416.9

    Labor & Related Expense

291.9

294.3

262.1

238.3

259.5

Total Selling/General/Administrative Expenses

760.7

788.8

705.7

607.3

676.4

Research & Development

79.9

83.4

68.0

55.4

72.7

    Depreciation

17.3

17.7

18.5

16.0

12.6

    Amortization of Acquisition Costs

33.8

33.1

30.5

28.2

24.3

Depreciation/Amortization

51.0

50.8

49.0

44.2

36.9

    Restructuring Charge

39.4

48.5

0.4

45.7

47.2

    Litigation

37.9

-3.8

0.0

-

0.0

    Impairment-Assets Held for Use

5.7

14.4

8.5

2.9

3.2

    Impairment-Assets Held for Sale

1.2

-

0.5

1.6

47.9

    Other Unusual Expense (Income)

-52.4

37.0

8.0

2.7

16.3

Unusual Expense (Income)

31.8

96.0

17.4

52.9

114.6

Total Operating Expense

6,234.9

6,577.8

5,581.2

4,551.4

5,836.2

 

 

 

 

 

 

Operating Income

222.6

475.2

489.2

93.3

42.4

 

 

 

 

 

 

        Interest Expense - Non-Operating

-22.2

-23.5

-20.7

-22.3

-27.5

    Interest Expense, Net Non-Operating

-22.2

-23.5

-20.7

-22.3

-27.5

        Interest Income - Non-Operating

4.0

3.7

4.4

4.4

7.5

        Investment Income - Non-Operating

31.0

5.9

-12.1

8.6

1.6

    Interest/Investment Income - Non-Operating

35.0

9.6

-7.7

13.0

9.1

Interest Income (Expense) - Net Non-Operating Total

12.8

-13.8

-28.4

-9.3

-18.4

Gain (Loss) on Sale of Assets

-30.0

-15.1

-8.6

-16.9

-15.7

    Other Non-Operating Income (Expense)

2.3

14.9

-31.4

-5.5

-10.3

Other, Net

2.3

14.9

-31.4

-5.5

-10.3

Income Before Tax

207.7

461.2

420.8

61.6

-2.0

 

 

 

 

 

 

Total Income Tax

39.6

214.3

144.3

37.2

17.7

Income After Tax

168.1

246.8

276.5

24.4

-19.7

 

 

 

 

 

 

    Minority Interest

-11.9

-20.3

-17.4

-3.6

-10.4

Net Income Before Extraord Items

156.1

226.5

259.1

20.8

-30.0

Net Income

156.1

226.5

259.1

20.8

-30.0

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

156.1

226.5

259.1

20.8

-30.0

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

156.1

226.5

259.1

20.8

-30.0

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

357.9

352.4

352.5

352.5

352.5

Basic EPS Excl Extraord Items

0.44

0.64

0.74

0.06

-0.09

Basic/Primary EPS Incl Extraord Items

0.44

0.64

0.74

0.06

-0.09

Dilution Adjustment

-

0.0

0.0

0.0

0.0

Diluted Net Income

156.1

226.5

259.1

20.8

-30.0

Diluted Weighted Average Shares

357.9

352.4

352.5

352.5

352.5

Diluted EPS Excl Extraord Items

0.44

0.64

0.74

0.06

-0.09

Diluted EPS Incl Extraord Items

0.44

0.64

0.74

0.06

-0.09

Dividends per Share - Common Stock Primary Issue

0.17

0.15

0.14

0.13

0.13

Gross Dividends - Common Stock

60.6

53.6

49.4

45.5

45.6

Interest Expense, Supplemental

22.2

23.5

20.7

22.3

27.5

Depreciation, Supplemental

291.9

348.8

331.3

328.1

316.6

Total Special Items

95.7

144.2

56.5

98.0

154.6

Normalized Income Before Tax

303.3

605.4

477.3

159.6

152.6

 

 

 

 

 

 

Effect of Special Items on Income Taxes

11.8

51.6

8.9

24.4

45.6

Inc Tax Ex Impact of Sp Items

51.4

266.0

153.2

61.6

63.3

Normalized Income After Tax

251.9

339.4

324.1

98.0

89.3

 

 

 

 

 

 

Normalized Inc. Avail to Com.

240.0

319.1

306.7

94.4

78.9

 

 

 

 

 

 

Basic Normalized EPS

0.67

0.91

0.87

0.27

0.22

Diluted Normalized EPS

0.67

0.91

0.87

0.27

0.22

Amort of Acquisition Costs, Supplemental

33.8

33.1

30.5

28.2

24.3

Rental Expenses

32.9

34.6

32.9

33.6

32.4

Advertising Expense, Supplemental

-

-

20.2

17.9

24.2

Research & Development Exp, Supplemental

79.9

153.9

142.7

114.3

130.2

Reported Operating Profit

254.1

568.2

503.5

143.6

149.9

Reported Ordinary Profit

256.1

560.9

438.7

108.0

101.9

Normalized EBIT

254.4

571.2

506.6

146.3

157.0

Normalized EBITDA

580.1

953.1

868.4

502.6

497.9

    Current Tax - Total

60.8

-

-

-

-

Current Tax - Total

60.8

-

-

-

-

    Deferred Tax - Total

-21.2

-

-

-

-

Deferred Tax - Total

-21.2

-

-

-

-

Income Tax - Total

39.6

-

-

-

-

Interest Cost - Domestic

-29.2

35.0

34.5

32.0

33.5

Service Cost - Domestic

-35.4

38.8

36.8

35.5

35.8

Prior Service Cost - Domestic

9.1

-5.9

-6.1

-5.6

-4.3

Expected Return on Assets - Domestic

26.3

-27.2

-25.8

-20.4

-22.2

Actuarial Gains and Losses - Domestic

-47.5

47.7

40.3

46.2

27.9

Transition Costs - Domestic

0.0

-2.6

1.3

-0.4

11.1

Other Pension, Net - Domestic

-31.3

5.0

0.0

33.7

38.6

Domestic Pension Plan Expense

-108.1

90.6

81.0

121.0

120.5

Defined Contribution Expense - Domestic

16.8

18.9

15.6

14.9

15.0

Total Pension Expense

-91.3

109.5

96.6

136.0

135.5

Discount Rate - Domestic

1.60%

2.30%

2.60%

2.80%

2.60%

Expected Rate of Return - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Total Plan Interest Cost

-29.2

35.0

34.5

32.0

33.5

Total Plan Service Cost

-35.4

38.8

36.8

35.5

35.8

Total Plan Expected Return

26.3

-27.2

-25.8

-20.4

-22.2

Total Plan Other Expense

-31.3

5.0

0.0

33.7

38.6

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

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 with Explanation

 

 

 

 

 

 

    Cash & Equivalents

301.8

312.3

346.4

333.6

248.2

    Short Term Investments

0.5

7.0

0.2

4.5

5.0

Cash and Short Term Investments

302.3

319.3

346.6

338.1

253.2

        Accounts Receivable - Trade, Gross

1,055.0

1,400.3

1,155.0

969.2

718.5

        Provision for Doubtful Accounts

-6.7

-5.9

-6.3

-6.3

-8.6

    Trade Accounts Receivable - Net

1,048.3

1,394.3

1,148.7

962.9

709.9

    Other Receivables

133.3

173.4

85.7

-

-

Total Receivables, Net

1,181.6

1,567.8

1,234.4

962.9

709.9

    Inventories - Finished Goods

467.1

582.7

478.7

343.2

419.4

    Inventories - Work In Progress

285.0

411.8

349.7

294.0

287.6

    Inventories - Raw Materials

492.0

863.2

482.0

269.6

305.6

Total Inventory

1,244.1

1,857.7

1,310.4

906.7

1,012.7

    Deferred Income Tax - Current Asset

91.3

110.1

114.8

117.8

74.7

    Other Current Assets

111.3

93.3

126.4

240.6

260.7

Other Current Assets, Total

202.7

203.3

241.2

358.4

335.4

Total Current Assets

2,930.7

3,948.1

3,132.6

2,566.1

2,311.1

 

 

 

 

 

 

        Buildings

1,631.1

1,834.0

1,837.3

1,645.5

1,544.0

        Land/Improvements

526.6

605.4

609.6

539.7

519.0

        Machinery/Equipment

4,554.2

4,943.3

4,863.0

4,298.0

4,138.1

        Construction in Progress

74.1

85.5

62.6

93.2

139.0

        Other Property/Plant/Equipment

0.2

0.2

0.1

0.0

0.0

    Property/Plant/Equipment - Gross

6,786.2

7,468.5

7,372.5

6,576.4

6,340.0

    Accumulated Depreciation

-4,819.7

-5,338.3

-5,127.9

-4,452.7

-4,153.2

Property/Plant/Equipment - Net

1,966.5

2,130.2

2,244.6

2,123.7

2,186.9

Goodwill, Net

383.8

470.3

501.3

470.8

473.7

Intangibles, Net

59.8

87.7

96.6

70.6

70.3

    LT Investment - Affiliate Companies

88.5

87.8

94.0

46.4

-

    LT Investments - Other

73.5

94.1

87.5

76.9

109.7

Long Term Investments

162.0

181.9

181.5

123.3

109.7

Note Receivable - Long Term

24.9

22.9

22.6

20.8

19.7

    Deferred Income Tax - Long Term Asset

94.7

83.5

114.2

123.5

161.6

    Other Long Term Assets

130.5

113.7

99.8

44.8

35.1

Other Long Term Assets, Total

225.2

197.3

214.0

168.2

196.7

Total Assets

5,752.9

7,038.4

6,393.2

5,543.5

5,367.9

 

 

 

 

 

 

Accounts Payable

722.1

1,066.5

942.9

719.3

483.3

Accrued Expenses

193.8

242.4

246.9

186.5

181.6

Notes Payable/Short Term Debt

404.8

826.4

584.2

608.7

734.6

Current Portion - Long Term Debt/Capital Leases

65.9

219.8

96.5

125.7

98.0

    Customer Advances

10.5

40.1

17.2

15.6

12.5

    Income Taxes Payable

17.4

112.4

55.9

22.3

18.1

    Deferred Income Tax - Current Liability

0.6

1.2

0.8

0.0

0.1

    Other Current Liabilities

171.1

208.8

176.1

144.0

214.8

Other Current liabilities, Total

199.6

362.4

250.0

182.0

245.4

Total Current Liabilities

1,586.2

2,717.5

2,120.6

1,822.2

1,742.8

 

 

 

 

 

 

    Long Term Debt

1,080.3

1,008.0

1,126.9

1,092.1

1,092.3

Total Long Term Debt

1,080.3

1,008.0

1,126.9

1,092.1

1,092.3

Total Debt

1,551.0

2,054.2

1,807.7

1,826.5

1,924.9

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

21.3

29.8

30.5

19.2

8.8

Deferred Income Tax

21.3

29.8

30.5

19.2

8.8

Minority Interest

101.7

244.1

235.7

207.2

206.8

    Reserves

13.4

41.7

41.0

38.5

35.5

    Pension Benefits - Underfunded

241.6

278.4

268.5

233.4

241.2

    Other Long Term Liabilities

48.2

45.1

54.6

60.9

74.8

Other Liabilities, Total

303.2

365.2

364.2

332.8

351.5

Total Liabilities

3,092.7

4,364.6

3,877.9

3,473.5

3,402.2

 

 

 

 

 

 

    Common Stock

279.4

319.0

317.1

281.3

266.1

Common Stock

279.4

319.0

317.1

281.3

266.1

Additional Paid-In Capital

451.3

500.6

497.6

441.4

417.6

Retained Earnings (Accumulated Deficit)

2,045.9

2,234.9

2,056.8

1,610.3

1,546.9

Treasury Stock - Common

-8.9

-130.0

-129.0

-114.1

-107.7

Unrealized Gain (Loss)

13.3

13.8

22.4

19.9

2.8

    Translation Adjustment

-120.9

-264.8

-249.6

-168.8

-160.0

    Other Comprehensive Income

0.1

0.1

0.0

0.0

-

Other Equity, Total

-120.8

-264.7

-249.6

-168.8

-160.0

Total Equity

2,660.2

2,673.8

2,515.3

2,070.0

1,965.7

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

5,752.9

7,038.4

6,393.2

5,543.5

5,367.9

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

365.4

352.4

352.4

352.5

352.5

Total Common Shares Outstanding

365.4

352.4

352.4

352.5

352.5

Treasury Shares - Common Stock Primary Issue

1.1

14.1

14.1

14.1

14.1

Employees

-

18,056

18,008

17,806

18,740

Number of Common Shareholders

10,433

8,696

8,895

9,950

10,175

Deferred Revenue - Current

10.5

40.1

17.2

15.6

12.5

Total Long Term Debt, Supplemental

814.6

1,267.8

1,267.4

1,217.8

1,190.3

Long Term Debt Maturing within 1 Year

99.5

258.5

138.3

125.7

98.0

Long Term Debt Maturing in Year 2

238.3

71.5

216.6

80.9

116.9

Long Term Debt Maturing in Year 3

83.0

264.0

66.0

193.1

76.4

Long Term Debt Maturing in Year 4

11.9

89.3

268.5

52.2

183.1

Long Term Debt Maturing in Year 5

30.5

7.7

51.0

43.2

52.6

Long Term Debt Maturing in 2-3 Years

321.3

335.4

282.6

274.0

193.4

Long Term Debt Maturing in 4-5 Years

42.4

97.0

319.5

95.4

235.7

Long Term Debt Matur. in Year 6 & Beyond

351.4

576.8

527.0

722.7

663.2

Total Capital Leases, Supplemental

7.0

0.1

0.1

0.1

-

Capital Lease Payments Due in Year 1

1.4

0.0

0.0

0.0

-

Capital Lease Payments Due in Year 2

1.4

0.0

0.0

0.0

-

Capital Lease Payments Due in Year 3

1.4

0.0

0.0

0.0

-

Capital Lease Payments Due in Year 4

1.4

0.0

0.0

0.0

-

Capital Lease Payments Due in Year 5

1.4

0.0

0.0

0.0

-

Capital Lease Payments Due in 2-3 Years

2.8

0.1

0.0

0.0

-

Capital Lease Payments Due in 4-5 Years

2.8

0.0

0.0

0.0

-

Cap. Lease Pymts. Due in Year 6 & Beyond

-

0.0

-

-

-

Pension Obligation - Domestic

1,180.3

1,387.4

1,372.4

1,227.2

1,231.0

Plan Assets - Domestic

867.1

894.3

874.2

806.0

661.1

Funded Status - Domestic

-313.2

-493.0

-498.2

-421.2

-569.9

Total Funded Status

-313.2

-493.0

-498.2

-421.2

-569.9

Discount Rate - Domestic

1.60%

2.30%

2.60%

2.80%

2.60%

Expected Rate of Return - Domestic

2.50%

2.50%

2.50%

2.50%

2.50%

Prepaid Benefits - Domestic

61.4

49.2

34.3

21.2

13.5

Accrued Liabilities - Domestic

-239.9

-276.5

-266.3

-227.9

-235.2

Other Assets, Net - Domestic

134.7

265.8

266.2

214.5

348.3

Net Assets Recognized on Balance Sheet

-43.8

38.5

34.2

7.7

126.6

Total Plan Obligations

1,180.3

1,387.4

1,372.4

1,227.2

1,231.0

Total Plan Assets

867.1

894.3

874.2

806.0

661.1

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

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 with Explanation

 

 

 

 

 

 

Net Income/Starting Line

207.7

461.2

420.8

61.6

-2.0

    Depreciation

291.9

348.8

331.3

328.1

316.6

Depreciation/Depletion

291.9

348.8

331.3

328.1

316.6

    Amortization of Acquisition Costs

33.8

33.1

30.5

28.2

24.3

Amortization

33.8

33.1

30.5

28.2

24.3

    Unusual Items

32.4

109.4

17.3

62.6

106.9

    Other Non-Cash Items

12.2

30.1

27.0

-6.1

-21.9

Non-Cash Items

44.6

139.5

44.3

56.5

85.0

    Accounts Receivable

389.9

-348.3

-133.6

-228.9

464.1

    Inventories

458.2

-573.8

-292.5

155.2

175.6

    Accounts Payable

-334.6

128.4

155.7

223.0

-465.1

    Accrued Expenses

-34.1

-4.8

38.9

-4.6

-48.7

    Other Operating Cash Flow

-298.3

-146.0

-97.2

-5.8

-224.5

Changes in Working Capital

181.1

-944.5

-328.7

139.0

-98.5

Cash from Operating Activities

759.0

38.1

498.2

613.4

325.4

 

 

 

 

 

 

    Purchase of Fixed Assets

-341.2

-280.1

-217.5

-232.6

-410.6

    Purchase/Acquisition of Intangibles

-9.4

-6.8

-12.6

-10.3

-24.2

Capital Expenditures

-350.6

-286.9

-230.1

-242.9

-434.8

    Acquisition of Business

-

0.0

-43.4

0.0

-

    Sale of Fixed Assets

8.6

10.6

6.8

7.6

23.8

    Sale/Maturity of Investment

9.2

0.9

0.9

9.9

20.2

    Purchase of Investments

-5.9

-7.0

-24.0

-0.5

-0.5

    Other Investing Cash Flow

-7.4

6.8

2.7

-5.3

19.7

Other Investing Cash Flow Items, Total

4.5

11.2

-57.1

11.6

63.2

Cash from Investing Activities

-346.1

-275.7

-287.2

-231.3

-371.7

 

 

 

 

 

 

    Other Financing Cash Flow

-29.8

-29.2

-26.3

-28.2

-36.0

Financing Cash Flow Items

-29.8

-29.2

-26.3

-28.2

-36.0

    Cash Dividends Paid - Common

-55.2

-53.6

-49.4

-45.5

-45.6

Total Cash Dividends Paid

-55.2

-53.6

-49.4

-45.5

-45.6

        Sale/Issuance of Common

0.0

0.0

0.0

0.0

0.2

        Repurchase/Retirement of Common

-3.8

-0.2

-0.4

-0.3

-1.1

    Common Stock, Net

-3.7

-0.2

-0.4

-0.3

-0.9

Issuance (Retirement) of Stock, Net

-3.7

-0.2

-0.4

-0.3

-0.9

    Short Term Debt, Net

-352.0

249.6

-82.6

-162.7

227.6

        Long Term Debt Issued

288.4

298.5

238.8

69.9

113.0

        Long Term Debt Reduction

-224.6

-299.2

-373.7

-105.0

-322.8

    Long Term Debt, Net

63.8

-0.7

-134.9

-35.0

-209.8

Issuance (Retirement) of Debt, Net

-288.2

248.8

-217.5

-197.7

17.8

Cash from Financing Activities

-377.0

165.9

-293.6

-271.7

-64.7

 

 

 

 

 

 

Foreign Exchange Effects

38.0

-4.7

-30.0

-0.6

-31.8

Net Change in Cash

74.0

-76.3

-112.6

109.8

-142.8

 

 

 

 

 

 

Net Cash - Beginning Balance

337.1

430.5

509.3

359.7

475.9

Net Cash - Ending Balance

411.0

354.2

396.7

469.5

333.1

Cash Interest Paid

22.1

23.3

21.6

23.0

29.2

Cash Taxes Paid

192.9

103.6

42.1

-40.2

220.1

 

Hitachi Metals, Ltd.

 

Minato-Ku, Japan, Tel: 81-3-57654000, URL: http://www.hitachi-metals.co.jp

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 with Explanation

 

 

 

 

 

 

    Net Sales

6,457.5

7,053.0

6,070.5

4,644.7

5,878.6

Total Revenue

6,457.5

7,053.0

6,070.5

4,644.7

5,878.6

 

 

 

 

 

 

    Cost of finished goods sold

5,311.3

5,558.8

4,741.2

3,791.5

4,935.6

    Other Selling/General/Admin. Expense

282.1

292.8

-

-

-

    Freight Cost

133.0

145.4

132.1

98.5

121.6

    Sales Promotion

20.7

21.8

20.2

17.9

24.2

    Payroll

221.0

223.2

201.6

181.8

203.4

    Periodic retirement benefit costs

29.4

27.8

22.7

25.5

21.9

    Welfare expenses

41.6

43.2

37.8

31.1

34.1

    Depreciation

17.3

17.7

18.5

16.0

12.6

    Rental Expensess

32.9

34.6

32.9

33.6

32.4

    Research & Development

79.9

83.4

68.0

55.4

72.7

    Amort. of Goodwill

34.1

36.1

33.6

30.9

31.4

    Other General Expenses

-

-

258.3

219.0

238.7

    LitigationExpenses

37.9

-

-

-

-

    Settlement Received

0.0

-3.8

-

-

-

    SP Gains on settlements

-

-

0.0

-

-

    Insurance income

-56.9

-

-

-

-

    SP G. on transfer defined benefits

0.0

-2.8

0.0

-0.4

-2.6

    SP Impairment Loss

5.7

14.4

8.5

2.9

3.2

    SP Loss on disaster

4.5

39.6

6.3

0.0

-

    SP Res. for affili. com' business loss

-

-

0.0

0.1

5.2

    SP Restructuring Cost

39.4

48.5

0.4

45.7

47.2

    SP Affiliates' Allowance for Doubt. Acct

-

-

-

-

0.0

    SP Legal Settlement

-

-

-

-

0.0

    SP Res. for affili. com' debt guarantee

-

-

-

-

0.0

    SP Provision for res. for environmental

-

-

0.0

3.1

0.0

    SP L on transfer defined benefits

0.0

0.2

1.3

0.0

13.7

    SP L-Ajust. for Changes of Accts. Assts.

-

0.0

0.3

0.0

-

    SP Loss Val. Inv. Secs

-

-

-

0.0

44.1

    SP Anti-law penalty

-

-

-

-

0.0

    NOP Loss-Valu. Mktbl.Sec

1.2

-

0.5

1.6

3.8

    NOP Amortization of Negative Goodwill

-0.4

-3.0

-3.1

-2.6

-7.2

Total Operating Expense

6,234.9

6,577.8

5,581.2

4,551.4

5,836.2

 

 

 

 

 

 

    Foreign Exchange Gains

20.3

-

-

-

-

    Loss On Valuation Of Securities

-

-1.1

-

-

-

    SP Gain Sale Affiliate Stocks

-

-

-

0.0

6.3

    SP Gain-Sale Fixed Assets

1.7

0.6

2.6

0.0

1.0

    SP G on Liquid. of anonymous inv't

-

-

0.0

11.0

0.0

    SP L on disp.fixed assets

-19.5

-0.9

0.0

-3.3

-0.4

    SP Loss-sale of affiliated securities

-

-

0.0

-2.7

0.0

    SP Loss-Liquid.Affili.

0.0

-3.4

-3.6

0.0

-

    NOP Interest Income

4.0

3.7

4.4

4.4

7.5

    NOP Dividend Income

1.7

1.6

1.4

1.1

1.8

    NOP Equity Gain

2.8

5.3

3.4

1.9

2.8

    NOP Gain-Sale Mktbl.Secs

6.2

0.1

0.7

2.0

0.1

    Insurance Income

0.0

16.2

-

-

-

    NOP Rent Income-Fixed

2.9

3.4

2.4

2.5

1.8

    NOP Income Dispo Scrap

-

-

-

-

0.0

    NOP Insurance income

-

-

0.0

-

-

    NOP Other Income

39.6

30.3

25.5

29.5

39.4

    NOP Interest Expense

-22.2

-23.5

-20.7

-22.3

-27.5

    NOP Exchange Loss

-

0.0

-17.6

-4.8

-9.4

    NOP L on disp.fixed assets

-12.2

-11.4

-7.6

-13.5

-16.3

    dammy

-4.0

-0.6

-16.5

0.0

-

    NOP Equity loss

-

-

-

-

0.0

    NOP Other Expenses

-36.1

-34.4

-42.8

-37.5

-51.5

Net Income Before Taxes

207.7

461.2

420.8

61.6

-2.0

 

 

 

 

 

 

Provision for Income Taxes

39.6

214.3

144.3

37.2

17.7

Net Income After Taxes

168.1

246.8

276.5

24.4

-19.7

 

 

 

 

 

 

    Minority interests in income

-11.9

-20.3

-17.4

-3.6

-10.4

Net Income Before Extra. Items

156.1

226.5

259.1

20.8

-30.0

Net Income

156.1

226.5

259.1

20.8

-30.0

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

156.1

226.5

259.1

20.8

-30.0

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

156.1

226.5

259.1

20.8

-30.0

 

 

 

 

 

 

Basic Weighted Average Shares

357.9

352.4

352.5

352.5

352.5

Basic EPS Excluding ExtraOrdinary Items

0.44

0.64

0.74

0.06

-0.09

Basic EPS Including ExtraOrdinary Items

0.44

0.64

0.74

0.06

-0.09

Dilution Adjustment

-

0.0

0.0

0.0

0.0

Diluted Net Income

156.1

226.5

259.1

20.8

-30.0

Diluted Weighted Average Shares

357.9

352.4

352.5

352.5

352.5

Diluted EPS Excluding ExtraOrd Items

0.44

0.64

0.74

0.06

-0.09

Diluted EPS Including ExtraOrd Items

0.44

0.64

0.74

0.06

-0.09

DPS-Ordinary Shares

0.17

0.15

0.14

0.13

0.13

Gross Dividends - Common Stock

60.6

53.6

49.4

45.5

45.6

Normalized Income Before Taxes

303.3

605.4

477.3

159.6

152.6

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

51.4

266.0

153.2

61.6

63.3

Normalized Income After Taxes

251.9

339.4

324.1

98.0

89.3

 

 

 

 

 

 

Normalized Inc. Avail to Com.

240.0

319.1

306.7

94.4

78.9

 

 

 

 

 

 

Basic Normalized EPS

0.67

0.91

0.87

0.27

0.22

Diluted Normalized EPS

0.67

0.91

0.87

0.27

0.22

Sales Promotion

-

-

20.2

17.9

24.2

Interest expense, supplemental

22.2

23.5

20.7

22.3

27.5

Rental Expense

32.9

34.6

32.9

33.6

32.4

Research and Development Expenses (SGA)

-

83.4

-

-

-

Research and Development Expenses (COG)

-

70.5

-

-

-

Research & Development

79.9

-

68.0

55.4

72.7

R&D (COGS)

-

-

74.6

58.9

57.5

BC - Depreciation of Fixed Assets

291.9

-

-

-

-

Depreciation

-

348.8

-

-

-

Depreciation, supplemental

-

-

331.3

328.1

316.6

BC - Depreciation of Goodwill

33.8

-

-

-

-

Amort of Goodwill & Negative Goodwill

-

33.1

-

-

-

Amort of negative goodwill&goodwill

-

-

30.5

28.2

24.3

    Income taxes-current

60.8

-

-

-

-

Current Tax - Total

60.8

-

-

-

-

    Income taxes-deferred

-21.2

-

-

-

-

Deferred Tax - Total

-21.2

-

-

-

-

Income Tax - Total

39.6

-

-

-

-

Reported Operating Profit

254.1

568.2

503.5

143.6

149.9

Reported Ordinary Profit

256.1

560.9

438.7

108.0

101.9

Service Cost

-35.4

38.8

36.8

35.5

35.8

Interest Cost

-29.2

35.0

34.5

32.0

33.5

Expected Return on Plan Assets

26.3

-27.2

-25.8

-20.4

-22.2

Actuarial Gains & Losses

-47.5

47.7

40.3

46.2

27.9

Prior Service Cost

9.1

-5.9

-6.1

-5.6

-4.3

Transition Costs

0.0

-2.6

1.3

-0.4

11.1

Additional Pension Expenses

-31.3

5.0

0.0

33.7

38.6

Domestic Pension Plan Expense

-108.1

90.6

81.0

121.0

120.5

Defined contribution expenses

16.8

18.9

15.6

14.9

15.0

Total Pension Expense

-91.3

109.5

96.6

136.0

135.5

Discount Rate - Domestic

1.60%

-

-

-

-

Discount rate

-

2.30%

2.60%

2.80%

2.60%

Expected Rate of Return - Domestic

2.50%

-

-

-

-

Expected rate of return

-

2.50%

2.50%

2.50%

2.50%

 

 

 

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 with Explanation

 

 

 

 

 

 

    Cash & Deposit

301.8

312.3

346.4

333.6

248.2

    Notes and accounts receivable-trade

1,055.0

1,400.3

1,155.0

969.2

718.5

    Short-term investment securities

0.5

7.0

0.2

4.5

5.0

    Inventories - merch.&finished goods

467.1

582.7

478.7

343.2

419.4

    Inventories - work-in-process

285.0

411.8

349.7

294.0

287.6

    Inventories - raw materials&supplies

492.0

863.2

482.0

269.6

305.6

    Deferred Tax

91.3

110.1

114.8

117.8

74.7

    Accounts receivable-other

133.3

173.4

-

-

-

    Accounts receivable other

-

-

85.7

-

-

    Affili. Deposit

60.1

20.1

63.5

128.9

85.8

    Other Current Assets

51.2

73.1

62.9

111.6

174.9

    Doubtful Account

-6.7

-5.9

-6.3

-6.3

-8.6

Total Current Assets

2,930.7

3,948.1

3,132.6

2,566.1

2,311.1

 

 

 

 

 

 

    Build.&Structure

1,631.1

1,834.0

1,837.3

1,645.5

1,544.0

    Accmulated Depreciation

-1,115.3

-1,238.1

-1,195.9

-1,045.6

-960.3

    Machinery, equipment and vehicles

4,174.7

4,577.5

4,506.0

3,985.2

3,823.5

    Accumulated depreciation(1)

-3,415.3

-3,785.2

-3,627.0

-3,139.1

-2,930.3

    Tools, furniture and fixtures

379.5

365.8

357.0

312.8

314.7

    Accumulated depreciation

-289.0

-314.9

-304.9

-268.0

-262.6

    Land

526.6

605.4

609.6

539.7

519.0

    Lease assets

0.2

0.2

0.1

0.0

0.0

    Lease assets-depreciation

-0.1

-0.1

0.0

0.0

0.0

    Constru. in Prog

74.1

85.5

62.6

93.2

139.0

    Goodwill

383.8

470.3

501.3

470.8

473.7

    Other Intangible

59.8

87.7

96.6

70.6

70.3

    Other Investment Securities

73.5

-

-

-

-

    Investment Secs.

-

94.1

87.5

76.9

109.7

    Stocks Of Subsidiaries And Affiliates

88.5

-

-

-

-

    Equity secs.-nonconsol affil.&sub.

-

87.8

94.0

46.4

-

    Long-term loans receivable

24.9

22.9

22.6

20.8

19.7

    Deferred tax assets

94.7

83.5

114.2

123.5

161.6

    Other Asset

156.5

138.1

124.4

67.4

55.1

    Allow. Doubtful Account

-26.0

-24.4

-24.6

-22.6

-20.1

Total Assets

5,752.9

7,038.4

6,393.2

5,543.5

5,367.9

 

 

 

 

 

 

    Notes and accounts payable-trade

722.1

1,066.5

942.9

719.3

483.3

    Short-term loans payable

404.8

692.9

584.2

565.9

673.8

    Commercial papers

0.0

133.5

0.0

42.8

60.7

    Current portion of long-term loans payab

65.9

171.2

96.5

18.7

37.0

    Straight bonds (current)

0.0

48.6

0.0

107.0

61.0

    Tax Payable

17.4

112.4

55.9

22.3

18.1

    Accrued Expense

190.4

239.6

243.4

184.9

180.3

    Advance Received

10.5

40.1

17.2

15.6

12.5

    Asset retirement obligations(1)

0.0

0.9

-

-

-

    Deferred Tax

0.6

1.2

0.8

0.0

0.1

    Provision for directors'' bonuses

3.3

2.8

3.5

1.7

1.2

    Asset Retirement Obligations

-

-

0.0

-

-

    Other current liabilities

171.1

207.9

176.1

144.0

214.8

Total Current Liabilities

1,586.2

2,717.5

2,120.6

1,822.2

1,742.8

 

 

 

 

 

 

    Bond

318.8

364.1

289.6

256.8

344.2

    Convertible bond-type bonds with subscri

47.8

54.6

242.6

428.1

405.0

    Long-term loans payable

713.7

589.3

594.8

407.2

343.1

Total Long Term Debt

1,080.3

1,008.0

1,126.9

1,092.1

1,092.3

 

 

 

 

 

 

    Allow.Accr.Reitr

239.9

276.5

266.3

227.9

235.2

    Provision for directors'' retirement ben

1.7

1.9

2.2

5.5

6.1

    Res. for guarantee oblig.(non-current)

0.0

9.8

9.7

8.6

8.2

    Res. for business losses

5.3

13.4

13.3

11.8

12.2

    Reserve for Environment Cost

6.4

13.6

13.5

18.1

15.1

    Deferred Tax

21.3

29.8

30.5

19.2

8.8

    Negative goodwill

0.5

0.9

3.7

6.1

6.7

    Asset retirement obligation

1.8

5.0

4.5

0.0

-

    Other Liability

47.7

44.2

50.9

54.8

68.1

    Equity Minority Interests

101.7

244.1

235.7

207.2

206.8

Total Liabilities

3,092.7

4,364.6

3,877.9

3,473.5

3,402.2

 

 

 

 

 

 

    Common Stock

279.4

319.0

317.1

281.3

266.1

    Total capital surpluses

451.3

500.6

497.6

441.4

417.6

    Total retained earnings

2,045.9

2,234.9

2,056.8

1,610.3

1,546.9

    Treasury Stock

-8.9

-130.0

-129.0

-114.1

-107.7

    Valuation difference on available-for-sa

40.9

43.6

46.0

19.9

2.8

    Deferred hedge gain/loss

0.1

0.1

0.0

0.0

-

    Translation Adj.

-120.9

-264.8

-249.6

-168.8

-160.0

    Pension liability adjustment

-27.6

-29.8

-23.6

0.0

-

Total Equity

2,660.2

2,673.8

2,515.3

2,070.0

1,965.7

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

5,752.9

7,038.4

6,393.2

5,543.5

5,367.9

 

 

 

 

 

 

    S/O-Ordinary Shares

365.4

352.4

352.4

352.5

352.5

Total Common Shares Outstanding

365.4

352.4

352.4

352.5

352.5

T/S-Ordinary Shares

1.1

14.1

14.1

14.1

14.1

Deferred Revenue - Current

10.5

40.1

17.2

15.6

12.5

Total Number of Employee

-

18,056

-

-

-

Full-Time Employees

-

-

18,008

17,806

18,740

Total Number of Shareholders

10,433

8,696

-

-

-

Number of Common Shareholders

-

-

8,895

9,950

10,175

Division And End Of Current Period Remai

65.9

171.2

-

-

-

Division And End Of Current Period Remai

33.3

38.4

-

-

-

Division And End Of Current Period Remai

0.3

0.3

-

-

-

Bond Redemption Amounts within A Year

-

48.6

-

-

-

Long Term Debt Maturing within 1 Yr

-

-

138.3

125.7

98.0

Bond Redemp Amts over a Yr within 2 Yrs

-

0.0

-

-

-

Lns Pble Maturing over a Yr within 2 Yrs

238.1

71.1

-

-

-

Oth Intt Br Dbt Matg ovr a Yr wthn 2 Yr

0.3

0.3

-

-

-

Long Term Debt Maturing within 2 Yr

-

-

216.6

80.9

116.9

Lns Pble Maturg over 2 Yrs within 3 Yrs

82.7

263.7

-

-

-

Oth Intt Br Dbt Matg ovr 2 Yr wthn 3 Yr

0.3

0.3

-

-

-

Long Term Debt Maturing within 3 Yr

-

-

66.0

193.1

76.4

Bond Redemp Amts over 3 Yrs within 4 Yrs

-

0.0

-

-

-

Lns Pble Maturg over 3 Yrs within 4 Yrs

11.6

89.0

-

-

-

Oth Intt Br Dbt Matg ovr 3 Yr wthn 4 Yr

0.3

0.3

-

-

-

Long Term Debt Maturing within 4 Yr

-

-

268.5

52.2

183.1

Oth Intt Br Dbt Matg ovr 4 Yr wthn 5 Yr

0.3

-

-

-

-

Lns Pble Maturg over 4 Yrs within 5 Yrs

30.2

7.7

-

-

-

Long Term Debt Maturing within 5 Yr

-

-

51.0

43.2

52.6

Other Other Interest Bearing Remaining

0.2

-

-

-

-

Other Loans Payable Remaining

351.2

-

-

-

-

Bond Redemption Remaining

-

418.7

-

-

-

Loans Payable Remaining

-

157.8

-

-

-

Other Interest Bearing Remaining

-

0.3

-

-

-

Long Term Debt Remaining Maturity

-

-

527.0

722.7

663.2

Total Long Term Debt, Supplemental

814.6

1,267.8

1,267.4

1,217.8

1,190.3

Capital Lease Remaining

-

0.0

-

-

-

Capital Lease Payments Due within 1 Year

1.4

0.0

0.0

0.0

-

Cap Lease Maturg over a Yr within 2 Yrs

1.4

0.0

-

-

-

Capital Lease Payments Due in Year 2

-

-

0.0

0.0

-

Cap Lease Maturg over 2 Yr within 3 Yrs

1.4

0.0

-

-

-

Capital Lease Payments Due in Year 3

-

-

0.0

0.0

-

Cap Lease Maturg over 3 Yr within 4 Yrs

1.4

0.0

-

-

-

Capital Lease Payments Due in Year 4

-

-

0.0

0.0

-

Cap Lease Maturg over 4 Yr within 5 Yrs

1.4

0.0

-

-

-

Capital Lease Payments Due in Year 5

-

-

0.0

0.0

-

Total Capital Leases, Supplemental

7.0

0.1

0.1

0.1

-

Pension Obligation

1,180.3

1,387.4

1,372.4

1,227.2

1,231.0

Fair Value of Plan Assets

867.1

894.3

874.2

806.0

661.1

Funded Status

-313.2

-493.0

-498.2

-421.2

-569.9

Total Funded Status

-313.2

-493.0

-498.2

-421.2

-569.9

Discount Rate

1.60%

2.30%

2.60%

2.80%

2.60%

Expected Return on Plan Assets

2.50%

2.50%

2.50%

2.50%

2.50%

Unrecognized Actuarial Gains & Losses

226.0

302.7

309.2

258.1

394.7

Unrecognized Prior Service Cost

-91.3

-36.9

-43.0

-43.6

-46.5

Prepaid Pension Benefits

61.4

49.2

34.3

21.2

13.5

Accrued Pension Benefits

-239.9

-276.5

-266.3

-227.9

-235.2

Net Assets Recognized on Balance Sheet

-43.8

38.5

34.2

7.7

126.6

 

 

 

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 with Explanation

 

 

 

 

 

 

Net Income Bf. Tax

207.7

461.2

420.8

61.6

-2.0

    Depreciation

291.9

348.8

331.3

328.1

316.6

    Goodwill and negative goodwill amortizat

33.8

33.1

30.5

28.2

24.3

    LitigationExpenses

37.9

-

-

-

-

    Loss On Disaster(1)

4.5

39.6

-

-

-

    Insurance income

-56.9

-3.1

-

-

-

    Val. of LT inv't secs.

-

-

-

0.0

44.1

    Affiliates' Allowance for Doubtful Acct.

-

-

-

-

0.0

    Reserve for affiliated comp' debt guara.

-

-

-

-

0.0

    Reserve for affiliated comp' business

-

-

0.0

0.1

5.2

    Legal Settlement

-

-

-

-

0.0

    Loss (gain) on sales of property, plant

5.7

14.4

8.5

2.9

3.2

    Loss on disaster

-

-

6.3

-

-

    Loss (gain) on sales of property, plant

-3.3

-2.3

-5.6

-2.9

-3.9

    Loss (gain) on disposal of property, pla

5.0

12.3

7.6

16.9

16.3

    Restructuring Loss

39.4

48.5

0.4

45.7

47.2

    Interest & Dividend

-5.7

-5.3

-5.8

-5.5

-9.2

    Insurance received

-

-

0.0

-

-

    Interest Expense

22.2

23.5

20.7

22.3

27.5

    Decrease (increase) in accounts receivab

79.3

-90.4

-

-

-

    Inc./dec in notes&accounts receivable

310.6

-258.0

-98.9

-228.9

464.1

    Decrease (increase) in inventories

458.2

-573.8

-292.5

155.2

175.6

    (Inc) Dec other receivables

-

-

-34.7

-

-

    Increase (decrease) in notes and account

-334.6

128.4

155.7

223.0

-465.1

    Increase (decrease) in accrued expenses

-34.1

-4.8

38.9

-4.6

-48.7

    Increase (decrease) in provision for ret

-4.3

11.9

12.1

-23.0

-45.3

    AmountPaid for LitigationExpenses

-28.8

-

-

-

-

    Proceeds from insurance income

22.9

3.1

-

-

-

    Payments for loss on disaster

-4.5

-11.4

-

-

-

    Other, net

-63.8

-27.8

-54.3

-5.2

24.0

    Retirement Paid

-

-

-

-

0.0

    Insurance received

-

-

0.0

-

-

    Disaster loss paid

-

-

0.0

-

-

    Amount paid for structural reform

-31.2

-6.4

-0.8

-40.8

-28.4

    Int.&Divid.Received

-

-

-

-

0.0

    Interest Paid

-

-

-

-

0.0

    Tax Paid

-192.9

-103.6

-52.0

-38.4

-220.1

    Income taxes refund, cash basis

-

-

9.9

78.6

0.0

Cash from Operating Activities

759.0

38.1

498.2

613.4

325.4

 

 

 

 

 

 

    Purch. Inv. Secs.

-2.2

-0.5

-0.5

-0.5

-0.5

    Redempt. of inv't secs.

-

-

-

-

0.0

    Sale Inv. Secs.

8.3

0.4

0.3

5.8

13.3

    Purchase of Additional Consol.Subsid.Stk

-

-

-

-

0.0

    Sale Subsid.Stk.

-

-

-

-

0.0

    Purchase of Affiliate secs.

-3.7

-6.5

-23.4

0.0

-

    Sale Affiliate secs.

0.9

0.4

0.6

4.1

6.9

    Purchase of property, plant and equipmen

-341.2

-280.1

-217.5

-232.6

-410.6

    Proceeds from sales of property, plant a

8.6

10.6

6.8

7.6

23.8

    Purch. Intangible

-9.4

-6.8

-12.6

-10.3

-24.2

    Payments for transfer of business

-

0.0

-43.4

0.0

-

    Interest & dividends income

5.6

5.3

5.7

5.3

10.3

    Other, net

-13.1

1.4

-3.1

-10.6

9.4

Cash from Investing Activities

-346.1

-275.7

-287.2

-231.3

-371.7

 

 

 

 

 

 

    Net increase (decrease) in short-term lo

-219.4

110.3

-36.0

-141.2

167.9

    Net increase (decrease) in commercial pa

-132.6

139.3

-46.7

-21.5

59.7

    Proceeds From Issuance Of Bonds

0.0

126.6

-

-

-

    Proceeds from long-term loans payable

288.4

171.9

238.8

69.9

113.0

    Repayment of long-term loans payable

-176.4

-102.9

-24.8

-41.3

-213.2

    Issue Bond

-

-

0.0

-

0.0

    Redemp. Bond

-48.2

-196.4

-348.9

-63.7

-109.6

    Interest paid

-22.1

-23.3

-21.6

-23.0

-29.2

    Sale Treasury Stock

0.0

0.0

0.0

0.0

0.2

    Purch.Treasury Stock

-3.8

-0.2

-0.4

-0.3

-1.1

    Cash dividends paid

-55.2

-53.6

-49.4

-45.5

-45.6

    Dividends paid to minority shareholders

-7.7

-5.9

-4.7

-5.3

-6.8

    Proc.minorities' accep.captial inc.

-

-

-

-

0.0

Cash from Financing Activities

-377.0

165.9

-293.6

-271.7

-64.7

 

 

 

 

 

 

Foreign Exchange Effects

38.0

-4.7

-30.0

-0.6

-31.8

Net Change in Cash

74.0

-76.3

-112.6

109.8

-142.8

 

 

 

 

 

 

Net Cash - Beginning Balance

337.1

430.5

509.3

359.7

475.9

Net Cash - Ending Balance

411.0

354.2

396.7

469.5

333.1

    Cash Interest Paid

22.1

23.3

21.6

23.0

29.2

    Cash Taxes Paid

192.9

103.6

42.1

-40.2

220.1

 

 

 

Hitachi Metals, Ltd.

 

Minato-Ku, Japan, Tel: 81-3-57654000, URL: http://www.hitachi-metals.co.jp

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 (?)

1,374.2

-4.02%

6,457.5

-3.80%

7.47%

-5.24%

Research & Development1 (?)

-

-

79.9

0.68%

8.80%

-3.48%

Operating Income1 (?)

73.3

-42.80%

222.6

-50.78%

28.64%

-19.29%

Income Available to Common Excl Extraord Items1 (?)

37.4

-49.19%

156.1

-27.57%

88.41%

-13.68%

Basic EPS Excl Extraord Items1 (?)

0.10

-50.99%

0.44

-28.67%

87.46%

-13.89%

Capital Expenditures2 (?)

57.6

-30.85%

350.6

28.40%

8.82%

-8.84%

Cash from Operating Activities2 (?)

163.0

10.69%

759.0

1,993.58%

3.37%

-2.67%

Free Cash Flow (?)

105.8

64.78%

360.2

-

-0.54%

5.51%

Total Assets3 (?)

5,576.3

-2.89%

5,752.9

-6.65%

1.48%

-2.66%

Total Liabilities3 (?)

3,065.2

-12.06%

3,092.7

-19.08%

-3.57%

-6.46%

Total Long Term Debt3 (?)

1,064.0

30.96%

1,080.3

22.40%

-0.13%

-1.06%

Total Common Shares Outstanding3 (?)

365.4

3.68%

365.4

3.69%

1.21%

0.72%

1-ExchangeRate: JPY to USD Average for Period

98.564314

 

82.970472

 

 

 

2-ExchangeRate: JPY to USD Average for Period

98.564314

 

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 (?)

17.75%

21.19%

21.90%

18.37%

16.04%

Operating Margin (?)

3.45%

6.74%

8.06%

2.01%

0.72%

Pretax Margin (?)

3.22%

6.54%

6.93%

1.33%

-0.03%

Net Profit Margin (?)

2.42%

3.21%

4.27%

0.45%

-0.51%

Financial Strength

Current Ratio (?)

1.85

1.45

1.48

1.41

1.33

Long Term Debt/Equity (?)

0.41

0.38

0.45

0.53

0.56

Total Debt/Equity (?)

0.58

0.77

0.72

0.88

0.98

Management Effectiveness

Return on Assets (?)

2.49%

3.51%

4.52%

0.43%

-0.34%

Return on Equity (?)

5.51%

8.34%

11.05%

1.00%

-1.48%

Efficiency

Receivables Turnover (?)

4.46

4.81

5.41

5.39

6.11

Inventory Turnover (?)

3.26

3.36

4.20

3.81

4.47

Asset Turnover (?)

0.96

1.00

0.99

0.82

1.03

Market Valuation USD (mil)

P/E (TTM) (?)

45.39

.

Enterprise Value2 (?)

6,363.2

Price/Sales (TTM) (?)

0.96

.

Enterprise Value/Revenue (TTM) (?)

1.18

Price/Book (MRQ) (?)

1.75

.

Enterprise Value/EBITDA (TTM) (?)

13.25

Market Cap as of 30-Aug-20131 (?)

5,150.3

.

 

 

1-ExchangeRate: JPY to USD on 30-Aug-2013

98.350366

 

 

 

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

98.239969

 

 

 

 

Hitachi Metals, Ltd.

 

Minato-Ku, Japan, Tel: 81-3-57654000, URL: http://www.hitachi-metals.co.jp

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 (?)

1.85

1.45

1.48

1.41

1.33

Quick/Acid Test Ratio (?)

0.94

0.69

0.75

0.71

0.55

Working Capital1 (?)

1,344.6

1,230.6

1,012.0

743.9

568.3

Long Term Debt/Equity (?)

0.41

0.38

0.45

0.53

0.56

Total Debt/Equity (?)

0.58

0.77

0.72

0.88

0.98

Long Term Debt/Total Capital (?)

0.26

0.21

0.26

0.28

0.28

Total Debt/Total Capital (?)

0.37

0.43

0.42

0.47

0.49

Payout Ratio (?)

38.67%

23.65%

19.05%

218.37%

-151.95%

Effective Tax Rate (?)

19.07%

46.47%

34.29%

60.35%

-

Total Capital1 (?)

4,211.3

4,728.0

4,323.0

3,896.5

3,890.6

 

 

 

 

 

 

Efficiency

Asset Turnover (?)

0.96

1.00

0.99

0.82

1.03

Inventory Turnover (?)

3.26

3.36

4.20

3.81

4.47

Days In Inventory (?)

111.86

108.79

86.84

95.68

81.68

Receivables Turnover (?)

4.46

4.81

5.41

5.39

6.11

Days Receivables Outstanding (?)

81.86

75.85

67.46

67.68

59.73

Revenue/Employee2 (?)

-

374,383

348,533

259,457

319,136

Operating Income/Employee2 (?)

-

25,222

28,088

5,214

2,301

EBITDA/Employee2 (?)

-

43,738

47,109

23,542

19,489

 

 

 

 

 

 

Profitability

Gross Margin (?)

17.75%

21.19%

21.90%

18.37%

16.04%

Operating Margin (?)

3.45%

6.74%

8.06%

2.01%

0.72%

EBITDA Margin (?)

7.97%

11.68%

13.52%

9.07%

6.11%

EBIT Margin (?)

3.45%

6.74%

8.06%

2.01%

0.72%

Pretax Margin (?)

3.22%

6.54%

6.93%

1.33%

-0.03%

Net Profit Margin (?)

2.42%

3.21%

4.27%

0.45%

-0.51%

R&D Expense/Revenue (?)

1.24%

1.18%

1.12%

1.19%

1.24%

COGS/Revenue (?)

82.25%

78.81%

78.10%

81.63%

83.96%

SG&A Expense/Revenue (?)

11.78%

11.18%

11.62%

13.08%

11.51%

 

 

 

 

 

 

Management Effectiveness

Return on Assets (?)

2.49%

3.51%

4.52%

0.43%

-0.34%

Return on Equity (?)

5.51%

8.34%

11.05%

1.00%

-1.48%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share2 (?)

0.99

-0.68

0.79

1.05

-0.32

Operating Cash Flow/Share 2 (?)

1.83

0.10

1.46

1.73

0.94

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) (?)

53.27

Market Cap/Equity (MRQ) (?)

2.05

Market Cap/Revenue (TTM) (?)

0.96

Market Cap/EBIT (TTM) (?)

25.90

Market Cap/EBITDA (TTM) (?)

10.74

Enterprise Value/Earnings (TTM) (?)

65.75

Enterprise Value/Equity (MRQ) (?)

2.53

Enterprise Value/Revenue (TTM) (?)

1.18

Enterprise Value/EBIT (TTM) (?)

31.96

Enterprise Value/EBITDA (TTM) (?)

13.25


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.37

UK Pound

1

Rs.100.85

Euro

1

Rs.84.59

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.