Founded in 1910 in Japan, Hitachi Ltd. is a multinational engineering and electronics conglomerate. The industrial giant is active in many fields, including external disk storage systems, magnetic resonance imaging (MRI) systems, transportation equipment, construction equipment, thermal power generation systems and nuclear reactors. IBM, General Electric and Komatsu are some of the company’s most important competitors.
In the fiscal year ending March 31, 2016, the Tokyo-headquartered firm generated a little around 48 percent of its revenue from business activities outside Japan. Overall, Hitachi generated just under 90 billion U.S. dollars (or over 10 trillion Japanese yen) in revenue in the fiscal year ending March 31, 2016. The Information and Telecommunications Systems segment and the Social Infrastructure and Industrial Systems segment are the company’s most productive business units. At the same time, Hitachi’s Automotive Systems segment continued to produce tepid results: segment revenue increased by five percent over the previous fiscal year. In 2016, the Fortune Global 500 firm was fined by the U.S. government over price-fixing of shock absorbers installed in U.S. motor vehicles.
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