English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 2 February 2022, 10:27 JST

Source: Hitachi, Ltd.
Looking Toward Strengthening our Existing Businesses and Creating of New, Highly Profitable Businesses Restructuring Hitachi High-Tech Fine Systems

TOKYO, Feb 2, 2022 - (JCN Newswire) - Hitachi High-Tech Corporation ("Hitachi High-Tech") today announced the restructuring of Hitachi High-Tech Fine Systems Corporation ("HFS") on April 1, 2022, as part of Hitachi High-Tech's key initiatives for our 2024 Mid-Term Management Plan. Hitachi High-Tech aims to create new businesses that will be a key part of our future, in tandem with the plans to further expand the growth and profitability of our existing businesses.

Through corporate divestiture, HFS will transfer its railroad inspection, HD/FPD(1) and laboratory solutions businesses to Hitachi High-Tech Solutions Corporation ("HSL") and transfer its manufacturing functions to Hitachi High-Tech Manufacturing & Service Co., Ltd. ("HMS"). Furthermore, the prototyping, development, and other functions of HFS will be transferred to Hitachi High-Tech through an absorption-type merger, with HFS as absorbed company and Hitachi High-Tech as the surviving company.

Business Restructuring Goals

The environment surrounding society is changing every day with developments in digitization and the acceleration of innovations in technology. In order to respond swiftly to the changing market environments, the needs and business challenges of our customers in such circumstances, the Hitachi High-Tech Group is working on enhancing and integrating our core technologies, optimizing our manufacturing frameworks, and accelerating prototype development through Group-integrated business management.

This restructuring is one measure of these key initiatives we are working on, and by utilizing the core competencies (analysis and inspection technologies, production facility engineering capabilities, manufacturing capabilities) of HFS, one of the major group companies, the Hitachi High-Tech Group aims to reinforce our core Measurement and Analysis technologies, further increase the profitability of our fundamental businesses and strengthen the creation of new businesses that will be a key pillar of our future.

Business Restructuring Overview Summary:

1. Railroad Inspection, HD/FPD, Laboratory Solutions
We aim to integrate the laser- and magnetic-analysis technologies of HFS with the measurement and control technologies of HSL, and create new solutions that will be one of the core pillar of our future business.

2. Prototyping and Development
With the integration of the prototyping and development functions of HFS into Hitachi High-Tech, we aim to improve our development efficiency in product manufacturing through accelerated prototype development.

3. Manufacturing Functions
We will achieve high-efficiency manufacturing of Hitachi High-Tech Group products by concentrating our manufacturing functions into HMS.

Through this restructuring, the Hitachi High-Tech Group is looking toward creating new, highly profitable businesses from our core technologies of "Observation, Measurement, and Analysis" along with leveraging the core competencies of HFS to bolster the existing businesses of Hitachi High-Tech. The Hitachi High-Tech Group continues to work on creation of new social and environmental value, and aim to sustainably improve our corporate value.

(1) HD/FPD: Hard-Disk and Flat Panel Display

About Hitachi High-Tech

Hitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including Analytical & Medical Solutions (manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments), Nano- Technology Solutions (manufacture and sales of semiconductor manufacturing equipment and analysis equipment), and Industrial Solutions (providing high value- added solutions in fields of social & industrial infrastructures and mobility, etc.).

The company's consolidated revenues for FY 2020 were approx. JPY 606.3 billion [USD 5.7 billion]. For further information, visit http://www.hitachi-hightech.com/global/

Corporate Communications Dept., CSR Div.,
Hitachi High-Tech Corporation
Contact: Nishikawa
Phone: +81-80-9207-5949

Topic: Press release summary
Source: Hitachi, Ltd.

Sectors: Transport & Logistics, Manufacturing
From the Asia Corporate News Network

Copyright © 2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Hitachi, Ltd. Links






Hitachi, Ltd. Related News
Wednesday, 15 March 2023, 21:57 JST
Hitachi Astemo Hanshin Installs Photovoltaic Power Generation System
Wednesday, 15 March 2023, 21:22 JST
Hitachi Vantara Delivers Data-Driven Sustainability and Operational Transformation for Leading European Manufacturer
2023年3月14日 16時00分 JST
2023年3月13日 15時30分 JST
Thursday, 9 March 2023, 11:26 JST
Hitachi Upgraded to "AA" in MSCI ESG Rating
More news >>
Copyright © 2023 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575