Hitachi Utokyo Laboratory H Utokyo Lab Popular Books

Hitachi Utokyo Laboratory H Utokyo Lab Biography & Facts

Hitachi, Ltd. (Japanese pronunciation: [çi̥taꜜtɕi]) is a Japanese multinational conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in a range of industries, including digital systems, power and renewable energy solutions, railway systems, healthcare products, and financial systems. It was founded as an electrical machinery manufacturing subsidiary of the Kuhara Mining Plant in Hitachi, Ibaraki by Namihei Odaira in 1910. It started as an independent company under its current name in 1920. Hitachi is listed on the Tokyo Stock Exchange and is a key component of the Nikkei 225 and TOPIX Core30 indices. As of November 2023, it has a market capitalisation of 9.67 trillion yen, making it the twelfth largest Japanese company by market value. In terms of global recognition, Hitachi was ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. Hitachi is a highly globalised conglomerate. In the fiscal year 2022, it generated approximately 61% of its total revenue of 10.9 trillion yen from international markets. The major contributors to this global revenue were Asia, Europe, and North America, with each region accounting for 24%, 14%, and 17% of the total revenue, respectively. Overview Hitachi, since its founding in 1910 by engineer Namihei Odaira, has been driven by the mission to 'contribute to society through the development of superior, original technology and products'. This ethos is evident in its leadership, as all its 12 CEOs, including founder Odaira, have been from engineering backgrounds. Remarkably, 8 out of the 12 consecutive CEOs, including Odaira, are alumni of the University of Tokyo's Faculty of Engineering. Historically recognised for its technology and industrial products, including electric generators, consumer electronics, trains, computers, and nuclear reactors, Hitachi faced a pivotal moment following the 2008 global financial crisis. This crisis led to a record loss of 787.3 billion yen, prompting a strategic overhaul. The company concentrated its efforts on the 'Social Innovation Business', capitalising on its strengths in infrastructure and IT, and underwent major structural changes. These involved consolidating unprofitable operations and venturing into new fields such as digital systems and renewable energy, adapting to changing market dynamics. As a result of these strategic moves, Hitachi returned to profitability by March 2011. Today, Hitachi's corporate activities are organised into three large sections: Digital Systems and Services, Green Energy and Mobility, and Connective Industries. The Digital Systems and Services segment features Lumada, in which Hitachi provides advanced digital solutions that leverage data and technology to drive transformation and efficiency in various industries. This segment focuses on optimising business processes and enhancing operational efficiency through data-driven insights and innovative technologies. This segment accounted for 21.9 per cent of the total revenue in FY2022. The Green Energy and Mobility segment focuses on developing and providing highly efficient and dependable power systems globally. This includes power generation, transmission, and distribution systems. Additionally, Hitachi offers smart city energy solutions, contributing to sustainable urban development. In the rail industry, the company is a comprehensive system provider, offering everything from rolling stock and traction equipment to signalling, traffic management systems, and maintenance depots. A key component of this segment is the ZeroCarbon suite of solutions, designed to enable fleet operators to transition to electric vehicles, supporting a future with net zero emissions. This segment accounted for 22.9 per cent of the total revenue in FY2022. In the Connective Industries segment, Hitachi offers a range of infrastructure solutions. This includes building systems such as elevators and escalators, healthcare solutions with a focus on less invasive cancer treatments and diverse medical equipment, and a variety of essential industrial equipment such as air compressors and transformers. Additionally, the segment provides sustainable water and wastewater solutions, integrating advanced treatment technologies with ICT for efficient resource management. This segment accounted for 27.3 per cent of the total revenue in FY2022. History Founding (1910-1945) Founded in 1910 in Ibaraki Prefecture by electrical engineer Namihei Odaira, Hitachi's first product was Japan's inaugural 4-kilowatt induction motor, designed for copper mining. Originally an in-house venture of Fusanosuke Kuhara's mining company, Hitachi became independent in 1911 and moved its headquarters to Tokyo in 1918. The company's name 'Hitachi', combining the kanji for 'sun' (日, hi) and 'rise' (立, tachi), was coined by Odaira. While industrial machinery in Japan was usually powered by steam at the time, Odaira built water power stations in the mine and electrified almost all facilities in the factory. This led to the accumulation of expertise in electrical engineering, and helped the company develop various electrical equipment later in its history. In 1924, Hitachi completed Japan's first mainline electric locomotive (JNR Class ED15). In 1932, the company started manufacturing elevators and electric refrigerators. Post-war reconstruction and expansion (1945-1990) World War II and its aftermath significantly impacted Hitachi, leading to the destruction of factories, post-war internal discord, and the removal of founder Namihei Odaira by the Allied occupational forces. Hitachi went public in 1949, listing on the Tokyo Exchange (TYO:6501). Odaira returned to the company in 1951 when the purge of key pre-war Japanese figures ended. However, he died in October of the same year at age 77. Despite these challenges, Hitachi demonstrated strong resilience, quickly recovering its pre-war production and technology levels and expanding its business scope. In 1949, Hitachi built its first power shovel, marking the start of what is now Hitachi Construction Machinery. The company also innovated in electric generators during this period. Furthermore, in 1960, Hitachi developed the world's first electric train seat reservation system, MARS-1, for Japanese National Railways, allowing nationwide booking for express train seats. Around the same time, Hitachi began expanding its business overseas, with the establishment of Hitachi America, Ltd. 1959. In 1961, Hitachi began selling fully-automated washing machines and completed its first experimental nuclear reactor. In 1964, the world's first high-speed railway line, the Shinkansen, opened. Hitachi not only built the innovative Series 0 rolling stock but also played a crucial part in developing the equally pioneering Automatic Train Control system (ATC) and the Computer-Aided Traffic Control System (COMTRAC). These contrib.... Discover the Hitachi Utokyo Laboratory H Utokyo Lab popular books. Find the top 100 most popular Hitachi Utokyo Laboratory H Utokyo Lab books.