18 Facts About Hitachi

Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices.

Hitachi was founded in 1910 by electrical engineer Namihei Odaira in Ibaraki Prefecture.

In March 2011, Hitachi agreed to sell its hard disk drive subsidiary, HGST, to Western Digital for a combination of cash and shares worth US$4.

In January 2012, Hitachi announced it would stop producing televisions in Japan.

In September 2012, Hitachi announced that it had invented a long-term data solution out of quartz glass that was capable of preserving information for millions of years.

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In October 2015, Hitachi completed a deal with Johnson Controls to form a joint-venture that would takeover Hitachi's HVAC business.

From 2008 to 2018, Hitachi has reduced the number of its listed group companies and consolidated subdiaries in Japan from 22 to 4 and around 400 to 202, respectively, through restructuring and sell-offs.

In 2019, Hitachi sold its medical imaging business to Fujifilm for US$1.

Until then, Hitachi Chemical had been considered to be a core unit of the group.

Hitachi suspended the ABWR development by its British subsidiary Horizon Nuclear Power as it did not provide an adequate "economic rationality as a private enterprise" to proceed.

In September 2020, Hitachi abandoned plans to create nuclear power plants in Gloucestershire and Wales due to issues with funding due to the impact of COVID-19.

Hitachi Vantara is a wholly owned subsidiary of Hitachi which provides hardware, software and services to help companies manage their digital data.

Hitachi Consulting, the group's international management and technology consulting subsidiary with headquarters in Dallas, Texas, was integrated with Hitachi Vantara in 2019.

Hitachi Rail is the rolling stock manufacturing division of Hitachi.

Hitachi's products have included the designing and manufacturing of many Shinkansen models, including the N700 Series Shinkansen.

On February 24, 2015, Hitachi agreed to purchase the Italian rolling stock manufacturer AnsaldoBreda and acquire Finmeccanica's stake in Ansaldo STS, the railway signaling division of Finmeccanica The purchase was completed later that year, at which point the company was renamed as Hitachi Rail Italy.

In July 2020, Hitachi signed an exclusive agreement with Hyperdrive, a UK-based lithium-ion battery company, to bring battery-powered trains to the country.

Hitachi Astemo is considered a "mega supplier", as annual sales of the four predecessors combined stood at $17 billion, placing it as the second largest among the compatriot auto suppliers.