Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
March 4, 2019
Tokyo, March 4, 2019 --- Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it will strengthen its business structures to enhance its digital solution business as a strategy to further expand business in the People's Republic of China ("China").
Specifically, Hitachi will merge the business of five companies, including Hitachi Solutions(China)Co.,Ltd., Hitachi Beijing Tech Information Systems Co.,Ltd., Hitachi Systems(Guangzhou)Co.,Ltd., Hitachi Consulting(China)Co.,Ltd. and Hitachi Consulting Information Technology Delivery (Guangzhou) Co., Ltd., into Hitachi Solutions(China)Co.,Ltd. after April 2019 to combine and further develop its technology and knowhow to support solutions for challenges faced by society and corporations in China. By providing a capital increase to Hitachi Solutions(China)Co.,Ltd. from Hitachi, Hitachi Solutions(China)Co.,Ltd. will become one of Hitachi's subsidiaries, instead of a subsidiary of Hitachi Solutions, Ltd., to drive the expansion of the Social Innovation Business in China.
Currently, the Hitachi Group has been accelerating the global development of its social innovation business and China is one of its most important markets. While the Hitachi Group has been aiming to further develop its business in fields of focus such as industry, urban, energy, and elder and nursing care, the importance of digital solutions using Hitachi Group's accomplishments in the OT*1 and IT business as well as its diverse accumulated knowledge and expertise has been growing.
Through the business restructuring, the knowledge ,knowhow ,resources and solutions in the IoT and data analytics fields accumulated by each of the above five companies are merged to achieve greater efficiency in the development of digital solutions and accelerate the creation of new values in the fields of the Hitachi Group's focus. Hitachi Group will also improve its productivity and enhance its sales capabilities, thus further accelerating collaborative creation with the partners in China, and will respond diversely to customer needs centered on digital solutions that support the Social Innovation Business.
The Hitachi Group will continue to offer digital solutions globally for the social infrastructure with higher added values. Through this effort, the Hitachi Group will continue to contribute to improving people's QoL*2 and building a sustainable society.
| Business Name | Hitachi Solutions(China)Co.,Ltd. |
|---|---|
| Location of Head Office | Beijing, China |
| Business | Provision of system integration/solution services, software development, etc. |
| Establishment Date | October 1, 2011 |
| Title and Name of Representative | Chairman of the board: Kenji Kubota |
| Capital Amount | CNY 50 million |
| Number of Employees | 117 (including employees of the subsidiary) (as of December 31, 2018) |
| Major Shareholders and Ratio of Shareholding | Hitachi Solutions, Ltd. (90%), Hitachi (China) Ltd. (10%) |
| Business Name | Hitachi Beijing Tech Information Systems Co.,Ltd. |
|---|---|
| Location of Head Office | Beijing, China |
| Business | Provision of system integration/solution services, software development, etc. |
| Establishment Date | September 10, 2003 |
| Title and Name of Representative | Chairman of the board: Yoshinori Hosoya |
| Capital Amount | USD 833,000 |
| Number of Employees | 94 (as of December 31, 2018) |
| Major Shareholders and Ratio of Shareholding | Hitachi, Ltd. (90%), Hitachi (China) Ltd. (10%) |
| Business Name | Hitachi Systems(Guangzhou)Co.,Ltd. |
|---|---|
| Location of Head Office | Guangzhou, China |
| Business | Provision of system integration/solution services, etc. |
| Establishment Date | April 28, 2011 |
| Title and Name of Representative | Chairman of the board: Tatsumi Kenji |
| Capital Amount | JPY 187 million |
| Number of Employees | 42 (as of December 31, 2018) |
| Major Shareholders and Ratio of Shareholding | Hitachi Systems, Ltd. (100%) |
| Business Name | Hitachi Consulting(China)Co.,Ltd. |
|---|---|
| Location of Head Office | Shanghai, China |
| Business | Provision of IT consulting, solution services, etc. |
| Establishment Date | June 17, 2010 |
| Title and Name of Representative | Chairman of the board: Steven Goodman General Manager: Justin Winter |
| Capital Amount | CNY 318.1288 million |
| Number of Employees | 105 (as of December 31, 2018) |
| Major Shareholders and Ratio of Shareholding | Hitachi Consulting Corporation (90%), Hitachi (China) Ltd. (10%) |
| Business Name | Hitachi Consulting Information Technology Delivery (Guangzhou) Co., Ltd. |
|---|---|
| Location of Head Office | Guangzhou, China |
| Business | Software development, etc. |
| Establishment Date | June 6, 2005 |
| Title and Name of Representative | Chairman of the board: Steven Goodman General Manager: Justin Winter |
| Capital Amount | USD 3.253 million |
| Number of Employees | 102 (as of December 31, 2018) |
| Major Shareholders and Ratio of Shareholding | Hitachi Consulting Software Services Inc. (100%) |
| Business Name | Hitachi Solutions(China)Co.,Ltd. |
|---|---|
| Location of Head Office | Beijing, China |
| Business | Provision of system integration/solution services, software development, IT consulting, etc. |
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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