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TOKYO, Japan, January 30, 2006 --- Hitachi, Ltd. (NYSE:HIT/TSE:6501), Hitachi Air Conditioning Systems Co., Ltd. (HACS) and Hitachi Home & Life Solutions, Inc. (Hitachi H&L) today announced the appointment of name for new integrated company to run Hitachi group's comprehensive air conditioning and home appliance business, which will be formed on April 1, 2006, and also announced the appointment of new directors and auditors.
 1. Outline of New Company |
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Details |
| Company Name |
Hitachi Appliances, Inc. |
| Head Office |
Hitachi Atago Bldg., 15-12, Nishi Shimbashi 2-chome, Minato-ku, Tokyo |
| Capital Stock |
20 billion yen (Hitachi, Ltd. 100%) |
| Establishment |
April 1, 2006 |
| President |
Takazumi Ishizu |
Revenues
[Consolidated] |
FY2006 (target) Approx. 450 billion yen |
Operating income
[Consolidated] |
FY2006 (target) Approx. 10 billion yen |
No. of Employees
[Consolidated] |
Approx. 17,000 |
| 2. Management |
| <President & Director> |
| Takazumi Ishizu |
; |
currently President & Director, HACS |
| <Executive Managing Directors> |
| Koichi Nishi |
; |
currently Director, General Manager of Global Operation Division, HACS |
| Haruki Yamamoto |
; |
currently Director, General Manager of General Affairs Department, HACS |
| Yoshitaro Ishii |
; |
currently Director, Executive General Manager of Home Appliance Division, Hitachi H&L |
| <Directors> |
| Kenichi Iizuka |
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currently Executive Managing Director, Executive General Manager of Refrigeration & Air Conditioning Division, Hitachi H&L |
| Yoshiaki Konno |
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currently Director, General Manager of Sales & Marketing Division, HACS |
| Katsuji Kanaida |
; |
currently Director, General Manager of Finance Department, HACS |
| Mitsuo Kawaguchi |
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currently Director, Executive General Manager of Products Planning Division, Hitachi H&L |
| Takeshi Fukuyo |
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currently Director, HACS and President, Taiwan Hitachi Co., Ltd. |
| Tomomichi Kaneko |
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currently Director, Hitachi H&L and President, Hitachi Consumer Products (Thailand), Ltd. |
| Ippei Yamasaki |
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currently Senior Manager of Human Resources & Administration Department, Hitachi H&L |
| <Directors (adjunct)> |
| Kazuhiro Tachibana |
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currently Vice President and Executive Officer, General Manager of Consumer Business Group, Hitachi, Ltd. |
| Tadahiko Ishigaki |
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currently President & Director, Hitachi H&L |
| <Corporate Auditors> |
| Zenzaburo Sakane |
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currently Corporate Auditor, HACS |
| Koji Tanaka |
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currently Corporate Auditor, Hitachi H&L |
| <Corporate Auditor (adjunct)> |
| Kazuo Miura |
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currently General Manager of Finance Department II, Hitachi, Ltd. |
| 3. Biography of New President & Director |
| Takazumi Ishizu |
| 1. |
Date of Birth |
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May 6, 1944 |
| 2. |
Place of Birth |
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Yamaguchi Prefecture |
| 3. |
Business Experience |
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April, 2005 |
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President & Director, HACS |
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June, 2003 |
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President & Director, Hitachi Industries Co., Ltd. |
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February, 2001 |
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General Manager of Transportation Systems Division, Power & Industrial System Group |
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April, 1999 |
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General Manager of Kasado Works, Power & Industrial System Group |
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May, 1995 |
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Vice General Manager of Kasado Works |
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February, 1990 |
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General Manager of Department Manager of Material Handling & Industrial Plant design, Kasado Works |
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April, 1968 |
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Joined Hitachi, Ltd. |
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March, 1968 |
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Graduated from the Faculty of Engineering, Tokyo University |
| About Hitachi, Ltd. |
| Hitachi, Ltd., (NYSE: HIT/ TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com. |
| About Hitachi Air Conditioning Systems |
Company name: Hitachi Air Conditioning Systems Co., Ltd.
Business: Manufacture, sales, construction and after sales service for air-conditioning control systems and freezing and refrigeration control systems (main products are packaged air-conditioning systems, small chillers and large centrifugal chillers)
President: Takazumi Ishizu, President and Director
Capital stock: 10.0 billion Yen (100% owned by Hitachi, Ltd.)
Head office location: Tokyo, Japan
Main factories: Shizuoka, Japan; Ibaraki, Japan; China; Spain; and Brazil
Number of employees (consolidated): 5, 820 (As of March 31, 2005)
Consolidated net sales: 162.5 billion Yen (Year ended March 31, 2005) |
| About Hitachi Home & Life Solutions |
| Hitachi Home & Life Solutions, Inc., headquartered in Tokyo, is a leading home appliances company, which was separated from Hitachi, Ltd. on April 1, 2002. Its consolidated sales as on March 31, 2005 totaled 458.4 billion Yen. The company develops, manufactures and sells home appliances such as room air conditioners, refrigerators, and washing machines and also markets consumer electronics. |
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