* World Business Quick Take Oct 31, 2008
ELECTRONICS Hitachi reports quarterly loss. Hitachi Ltd reported a quarterly loss of D17 ... For the July to September period, soaring raw materials costs and slack demand hurt Hitachis automotive systems and semiconductor businesses, the company said. (Taipei Times, Taiwan -- World)
Toshiba's profit tumbles 99 pct on weak chips Oct 29, 2008
Prior to the results announcement, shares in Toshiba, which also competes with domestic peers Hitachi and Mitsubishi Heavy Industries in nuclear energy, closed up 11 percent, against the benchmark Nikkei average , which jumped 7. 7 percent. (International Herald Tribune)
Japanese Firms Cutting Full-Year Earnings Estimates Oct 27, 2008
Hitachi Ltd. significantly raised its forecast as its hard disk drive business was stronger than expected. Firms that were too pessimistic with their first-half earnings estimates are rushing to make upward revisions, an official of a second-tier securities firm said. (JCN Network, Japan)
Nikkei Nosedives over 800 Points, Nearing Post-Bubble Low Oct 24, 2008
Industry peers Sharp, Panasonic, Toshiba, Hitachi, NEC and Fujitsu also faltered to their 2008 lows. Toyota met with selling following a report that the top automaker logged an operating loss from its North American business in the fiscal first half that ended last month due to weak vehicle sales. (JCN Network, Japan)
Hitachi Ups April-Sept. Group Operating Profit Estimate Oct 24, 2008
Hitachi Ups April-Sept. Group Operating Profit Estimate. (JCN Network, Japan)
Hitachi Awarded Order From Eaton Corporation for Commercial Vehicle Hybrid System Oct 21, 2008
Tokyo, Oct 20, 2008 - (JCN Newswire) - Hitachi, Ltd. (NYSE: HIT/ TSE: 6501) and Hitachi Vehicle Energy, Ltd., which manufactures lithium-ion batteries for hybrid electric vehicles (HEV) and other uses, today announced that they have been awarded an order from U.S.-based Eaton Corporation (NYSE:ETN) to supply motors, inverters, lithium-ion batteries and other components for Eaton's hybrid power systems to be delivered through 2011 ... Owing to stricter environmental regulations and rising concern... (JCN Network, Japan)
TomoTherapy, Hitachi work on Japan deal Oct 18, 2008
TomoTherapy, Hitachi working on Japan distribution deal - The Business Journal of Milwaukee ... TomoTherapy, Hitachi working on Japan distribution deal ... Hitachi Medical Corp. is part of Hitachi Ltd., a $100 billion global electronics company. (Milwaukee Business Journal, WI)
NTT DOCOMO, Renesas, Fujitsu, and Sharp to Jointly Develop Platform for HSUPA Mobile Phone Oct 16, 2008
Established in 2003 as a joint venture between Hitachi, Ltd. (TSE:6501, NYSE:HIT) and Mitsubishi Electric Corporation (TSE:6503), Renesas Technology achieved consolidated revenue of 951 billion JPY in FY2007 (end of March 2008). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in around 20 countries with about 26,800 employees worldwide. (JCN Network, Japan)
Hitachi Chemical Co Setting Up an Automotive Parts Plant in Mexico Oct 15, 2008
Tokyo, Oct 15, 2008 - (JCN Newswire) - Hitachi Chemical Co., Ltd. (Head Office: Tokyo; President and CEO : Yasuji Nagase; paid-in capital: 15. 5 billion yen) will establish Hitachi Chemical Mexico S.A. de C.V. (hereinafter called "Hitachi Chemical Mexico") to set up an automotive parts plant in the Montemorelos Industrial Park, which is located in the northeastern part of the State of Nuevo Leon, Mexico ... The Hitachi Chemical Group, therefore, established a branch office along with brake... (JCN Network, Japan)
Hitachi Maxell Announces Development of iVDRs*1 with Electronic Paper Displays that Enable Instant Checking of Contents Oct 15, 2008
Tokyo, Oct 15, 2008 - (JCN Newswire) - Hitachi Maxell, Ltd. (TSE/OSE: 6810) today announced that it has jointly developed with Hitachi, Ltd., iVDRs with cartridges that incorporate electronic paper, enabling users to check instantly programs recorded and other content written, storage capacity usage, and storage capacity remaining ... Launched in April 2007, Hitachi's lineup of Wooo digital high-definition televisions include a dedicated slot for Maxell's iVDRs ... To cater to such demand,... (JCN Network, Japan)
Put It on Uncle Sam's Tab Oct 10, 2008
AIG Adds Massages to Its Bailout Tab (AIG,NTT DoCoMo,Toyota,Sony,Hitachi,Nippon Telegraph & Telephone,Deutsche Telekom,AT&T,Verizon) at SmartMoney ... In an environment where few stocks have held up, including other Japanese names like Toyota (), Sony () and Hitachi (), shares in the mobile phone giant are down a modest 6% year-to-date compared to a 33% drop for the S&P 500 ... You Are Viewing: AIG Adds Massages to Its Bailout Tab (AIG,NTT DoCoMo,Toyota,Sony,Hitachi,Nippon Telegraph &... (SmartMoney)
Hitachi to Raise Air Conditioner Prices Oct 8, 2008
Tokyo, Oct 8, 2008 (Jiji Press) - Hitachi Appliances Inc. will raise retail prices for nine new air conditioners by 10,000-20,000 yen, or 5-10 pct, compared with those of current products, company officials said Wednesday. The higher prices come as the unit of Japanese electric machinery maker Hitachi Ltd. aims to pass on to consumers part of soaring raw materials prices. (JCN Network, Japan)
Nikkei Dives to 4-Yr Low amid Economic, Financial Woes Oct 6, 2008
Nippon Steel, JFE and Sumitomo Metal Industries suffered large losses, as did shipping firms Nippon Yusen and Kawasaki Kisen as well as machinery makers Komatsu and Hitachi Construction. Banking groups Mitsubishi UFJ, Mizuho and Sumitomo Mitsui stayed under selling pressure, as investors saw no signs of an end to the U.S. financial turmoil. (JCN Network, Japan)
High Court Backs FTC Ruling on Incinerator Bid-Rigging by 5 Firms Oct 3, 2008
The five were Mitsubishi Heavy Industries Ltd. , JFE Engineering Corp., Kawasaki Heavy Industries Ltd. , Hitachi Zosen Corp. and Takuma Co.. Presiding Judge Kaoru Aoyagi ruled that the makers colluded to predetermine the winners of incinerator construction contracts with local governments, given that an average 96. (JCN Network, Japan)
Japan seeks new ties with India Sep 22, 2008
Mr Abe has arrived at the head of a major business delegation, including chief executives of Japanese companies such as Toyota, Mitsubishi, Canon and Hitachi. Trade is the main focus of the visit - it stands at nearly $7bn at present but a study by India's main Chambers of Commerce suggests it can be doubled in five years. (Yahoo News -- Japan)
Granholm meets with 11 companies in Japan Sep 19, 2008
Granholm discussed a potential fuel cell lab in Farmington Hills with Nissan, the recent expansion of the newly-acquired Sekisui Chemical facility in Holland, increased hiring at Hitachi Automotive System's new Farmington Hills research and development facility and Konica-Minolta's prospects for expanding its Grand Rapids facility ... In total, meetings were held with executives from 11 different companies, including Nissan, Hitachi, Konica-Minolta, Meiden, Honda, Keihin, Sekisui Chemical, Tokyo... (Dowagiac News, MI)
Global shares dive before Wall Street open, Fed rate call Sep 16, 2008
"All eyes will be on the Fed to see if they can ease the financial pressures as they announce their rate decision later. Rumours are rife that we could get up to a 75 basis-point cut in interest rates. "These rumours have snowballed further after lower oil prices eased inflationary pressures," added Griffiths. World oil prices dropped beneath 90 dollars a barrel Tuesday on prospects that the growing economic gloom would further dampen demand for energy, traders said. On foreign exchange markets,... (Yahoo News -- Top Stories)
Hitachi Construction Machinery Faces 20% Steel Cost Increase, Kikawa Says Sep 16, 2008
Hitachi Construction Machinery Faces 20% Steel Cost Increase ... Tokyo-based Hitachi Construction may need to raise prices of its machines by 3 percent for half-year ending March 2009, he said ... Mining and construction booms had enabled Hitachi Construction Machinery and rivals to pass on the increased costs to customers. (Bloomberg -- Japan)
Oil plummets as Ike largely spares energy output Sep 15, 2008
Learn how Hitachi can improve your business. Hear the true stories. (Yahoo News)
Economy Shrinks 3%, Most Since 2001, as Exports, Company Spending Decline Sep 12, 2008
The market is heading into a turning point,'' said Michijiro Kikawa, chairman of the association and president of Hitachi Construction Machinery Co. ``Although we expect the strength of to continue, the speed of growth will decelerate. . (Bloomberg -- Japan)
Chubu Elec. to Sue Hitachi over Reactor Shutdown Sep 11, 2008
to Sue Hitachi over Reactor Shutdown. said Wednesday it will file a damages suit against Hitachi Ltd. over a nuclear reactor shutdown resulting from a defective turbine made by Hitachi. (JCN Network, Japan)
Power uncertainty deters Japanese investment in SA Sep 10, 2008
The mission includes representatives of Mitsubishi, Mitsui, NEC, Hitachi, Itochu, Komatsu, Sumitomo, Toyota Tsusho Africa and Nippon Koei. Yoshikawa said he had also, privately, conveyed to the government the concerns of many Japanese soccer fans about their safety during the 2010 World Cup because of crime. (Business Report, South Africa)
Tokyo Stocks Retreat in Morning on Profit-Taking Sep 9, 2008
Meanwhile, Hitachi Construction and Pacific Metals shot up following Monday's announcement that the issues will become components of the 225-issue Nikkei index in October. Bridgestone and Nippon Paper finished the morning on the positive side. (JCN Network, Japan)
Napster to Offer Digital Music Service across Wide Range of Lenovo Notebooks and Desktops Sep 6, 2008
A film series inspired by Hitachi IT achievements. www. (Yahoo! Wire -- Entertainment News)
Sony recalls 440,000 Vaio laptops Sep 5, 2008
In 2006, major laptop manufacturers including Dell, Hitachi, Apple, Lenovo and Toshiba were among those who recalled a total of 9. 6 million Sony batteries after evidence that, in certain circumstances, the batteries could overheat and catch fire. (BBC News -- Technology)
RFID--A Key to Automating Everything Aug 21, 2008
(Hitachi in Japan recently announced that it has developed tags minute enough for this application. Meanwhile the retail, security, transportation, manufacturing and shipping industries are all testing or starting to implement sophisticated RFID applications. (Scientific American)
recent troubles Aug 20, 2008
These include Hitachi, Kyocera, and Casio Computer Co.. "The current industry structure cannot be maintained," said IDC analyst Michito Kimura. (InformationWeek)
Self-assembling Polymer Arrays Improve Data Storage Potential Aug 20, 2008
In a collaborative effort between academic and industry, chemical and biological engineering professors Nealey and Juan de Pablo, and other colleagues from the UW-Madison NSEC partnered with researchers from Hitachi Global Storage Technologies to test a promising new twist on the traditional methods ... In addition to shared intellectual contributions, the collaboration between the UW-Madison and Hitachi teams provided very clear objectives about creating a technology that is industrially viable... (Science Daily)
Long-Running Commodities Boom Goes Bust Aug 19, 2008
Shares of Nippon Telegraph hone () and Hitachi () have climbed to new multimonth highs, while others such as Toyota Motor () and Mitsubishi UFJ Financial () have sunk to new multimonth lows. Funds that hold large positions in these stocks, such as the iShares MSCI Japan ETF (), have fallen, too. (SmartMoney)
Softbank to Buy Mobile Phones From Casio Computer by the End of This Year Aug 19, 2008
A joint venture between Casio and Hitachi Ltd. will make the handsets, they said. Casio, the maker of mobile phones equipped with Exilim camera technology, already supplies , the second-ranked wireless operator in Japan. (Bloomberg -- Japan)
Child porn complaint Aug 14, 2008
According to the company's website, Maxell is a subsidiary of Hitachi, a company based in Osaka, Japan. The website indicates its products have been manufactured through the years in Japan, Georgia, California, and in the Republic of Mexico. (Odessa American, TX)
Demand drives 3Par's expansion Aug 11, 2008
Hitachi Data Systems, and are also participating in the program, which was organized by Wikibon, which is running "Conserve IT," a new service helping IT companies and their customers to qualify for the rebates. "By providing financial incentives, we hope to increase industry adoption of these smart and efficient new storage technologies," said Mark Bramfitt, a principal program manager for PG&E.. (East Bay Business Times, CA)
Curl RIA tools hook up to Eclipse framework Aug 7, 2008
Curl customers include Hitachi Displays, Nissan Diesel Motor, The Bank of Tokyo-Mitsubishi, Daido Life Insurance Company and Mitsui Oil ... Curl customers include Hitachi Displays, Nissan Diesel Motor, The Bank of Tokyo-Mitsubishi, Daido Life Insurance Company and Mitsui Oil. (Search Webservices)
* Is lithium the solution to our oil addiction? Aug 5, 2008
And Li-Ion battery vendor Hitachi says that most hybrid vehicles will use NiMH batteries until 2015. PRICES MOVE FORWARD. (Taipei Times, Taiwan -- World)
Japanese cellphone makers hurt as domestic market shrinks Aug 5, 2008
He and other analysts declined to identify the local companies most likely to pull out next, but the phone makers they seem to consider vulnerable include Hitachi, Kyocera and Casio Computer because of their low market share. "The current industry structure cannot be maintained," said Michito Kimura, an analyst at IDC. "We will have fewer mobile phone makers, fewer handset sales agents and fewer cellphone models. I just don't see anything on the horizon that would makes things better.". (International Herald Tribune -- Business)
* Hitachi sees profit in first quarter Aug 1, 2008
Hitachi sees profit in first quarter ... Japanese electronics maker Hitachi Ltd said yesterday it had swung back into profit in the fiscal first quarter from a loss one year earlier on a recovery at its hard-disk drive business ... Hitachi was hit by widening losses last year as it restructured its hard-hit flat-panel business, but it expects to avoid red ink for the fiscal year to March with net earnings of D40 billion. (Taipei Times, Taiwan -- World)
Tokyo Stocks Sink in Morning on Earnings Gloom Aug 1, 2008
Hitachi, by contrast, gained 2. 3 pct after the company said Thursday its group operating profit for April-June tripled thanks to the recovery of its hard disk drive and flat-panel television operations. (JCN Network, Japan)
Hitachi, Fujitsu back in black Aug 1, 2008
TOKYO, July 31 -- Japan's Hitachi Ltd. swung to a bigger-than-expected quarterly profit as it erased losses in its business, earning three-quarters of its full-year target in three months, but it stuck to its annual outlook that falls short of the market consensus ... Like Hitachi, it kept its annual outlook, citing growing uncertainty about the global economy six months from now ... Shares of Hitachi closed up 2. (EETimes)
Electronics rivals joining forces in Japan Jul 28, 2008
Sprawling electronics empires like Sony, Matsushita, Hitachi and Toshiba have long been the pride of industrial Japan, competing with each other to make everything from computer chips to televisions ... In December 2007, Matsushita, Hitachi and Canon also agreed to jointly develop and manufacture display panels. (International Herald Tribune -- Technology)
Toray, Sekisui Chemical Raided by Japanese Regulator in Price-Fixing Probe Jul 24, 2008
Sekisui Chemical Co., Furukawa Electric Co. and Hitachi Chemical Co. are suspected of forming a price cartel in violation of antimonopoly laws, a Fair Trade Commission official familiar with the investigation said by telephone today ... Investigators were still at Hitachi Chemical's office as of 2:10 p.m. today, said Masayuki Hasegawa, a company spokesman. (Bloomberg -- Asia)
CE Giants Back Amimon's Wireless HDTV Tech Jul 24, 2008
Hitachi, Motorola, Samsung, Sharp and Sony, together with Amimon, have formed the Wireless Home Digital Interface SIG, designed to develop products based around Amimon's 5-GHz wireless technology. The technology has already been proven; Sharp began in Japan earlier this year, about eight months after Amimon. (PC Magazine)
Asia Stocks Rise Most in 3 Months as Credit, Oil Concerns Ease; Banks Gain Jul 23, 2008
Hitachi Construction Machinery Co. rose 3. 9 percent to 3,230 yen. (Bloomberg -- Asia)
Tokyo Stocks Advance in Morning on Wall St. Rise, Firm Dollar Jul 23, 2008
Hitachi displayed strength on media reports the company and U.S. conglomerate General Electric will jointly develop medium-sized nuclear power reactors ... Major gainers were Komatsu and Hitachi Construction Machinery. (JCN Network, Japan)
Hitachi, GE Seek First Orders for Mid-Sized Reactors in Southeast Asia Jul 23, 2008
Hitachi, GE Seek First Orders for Mid-Sized Reactors in SE Asia ... The first order will likely come from one of three Southeast Asian countries, Vietnam, Indonesia and Thailand, which have unveiled plans to build nuclear power plants,'' Hitachi spokesman said by telephone from Tokyo ... The Hitachi-General Electric venture is competing with in a global race to capture a larger share of the growing market for atomic reactors. (Bloomberg -- Japan)
Japan Stocks Rise a Second Day as Oil Drop Eases Cost Concern; Honda Gains Jul 23, 2008
and Hitachi Construction Machinery Co. surged after bigger rival Caterpillar Inc. reported earnings that beat analysts' estimates. and Mitsui Fudosan Co. sent real-estate shares to their biggest gain in three months after JPMorgan Chase & Co. rated the developers ``overweight. (Bloomberg -- Japan)
Consortium Established to Develop and Promote Close Proximity Wireless Technology 'TransferJet' Jul 17, 2008
TOKYO, July 17 /PRNewswire/ -- Sony Corporation, Canon Inc., Eastman Kodak Company, Hitachi Ltd., Victor Company of Japan, KDDI Corporation, Kenwood Corporation, Matsushita Electric Industrial Co., Ltd. (Panasonic), Nikon Corporation, Olympus Imaging Corporation, Pioneer Corporation, SAMSUNG ELECTRONICS CO., LTD., Seiko Epson Corporation, Sony Ericsson Mobile Communications, Toshiba Corporation today announced an agreement to form a consortium to develop specifications for interconnecting... (PR Newswire)
CEATEC Japan to Start on Sept. 30 Jul 17, 2008
Fujitsu Ltd. Chairman Michiyoshi Mazuka and Hitachi Ltd. Chairman Etsuhiko Shoyama will deliver speeches. CEATEC Japan is one of the largest information technology trade shows in Asia. (JCN Network, Japan)
Japan pledges support for TV giants' OLED research Jul 13, 2008
Other companies involved in the effort include Sumitomo Chemical Co. and Hitachi Zosen Corp.. While OLED technology is seen as a promising candidate to replace the current generation of plasma and LCD TVs, it is expensive, difficult to employ for large screens and fades faster than other TV technologies. (Globe and Mail -- Technology)
Tokyo Stocks Fall Slightly in Morning amid Wait-and-See Mood Jul 7, 2008
Sony and Advantest fell, while Sharp, Hitachi and Toshiba rose. Banking groups Mitsubishi UFJ, Mizuho and Sumitomo Mitsui recouped early losses to end the morning on the positive side. (JCN Network, Japan)
Hitachi, NTT Unit to Make Data Center Energy-Saving System Jul 2, 2008
and NTT Facilities Inc., a fully owned subsidiary of Nippon Telegraph and Telephone Corp. , said Wednesday that they will cooperate to develop a system to save energy at data centers (JCN Network, Japan)
Japan's business bosses say expansion already over Jun 22, 2008
Among the companies polled were Sony, Hitachi, Canon and Nintendo. Finance Minister Fukushiro Nukaga said on Sunday that the Japanese economy was showing some signs of a slump amid global uncertainties. (Yahoo News -- Top Stories)
Japan's Stocks Fall After China Raises Fuel Prices; Inpex, Marubeni Drop Jun 20, 2008
Hitachi Construction Machinery Co. and Taiheiyo Cement Corp. tumbled on concern higher fuel prices will reduce demand for Japanese-made products in China, the world's fastest growing major economy. Japanese companies have been benefiting from rising demand for services and products in China,'' said , who manages the equivalent of $556 million at Ichiyoshi Investment Management Co. in Tokyo. (Bloomberg -- Japan)
Queen's Bench to be Overhauled Jun 20, 2008
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Hybrid technology goes off-road in Japan Jun 17, 2008
Caterpillar, Volvo, Hitachi Construction Machinery and Sumitomo Heavy Industries are also pushing into the hybrid business in Japan with plans to begin production as soon as this year. But the companies, and their investors, will have to wait some time before they see a steady flow of orders as buyers hesitate in the face of higher prices, analysts said. (International Herald Tribune -- Technology)
The Hunt for a Bull Market Jun 9, 2008
Despite Market Doldrums, Some Sectors Shine (Oracle, Sun Microsystems, General Electric Co., IBM, Countrywide Financial, Webster Financial Corp., Regions Financial Corp., Huntington Bancshares Inc., SunTrust Banks Inc., Hitachi Ltd., Nippon Telegraph hone Corp., Ricoh, WisdomTree Japan SmallCap Dividend, WisdomTree Japan High-Yielding Equity, Cisco, Microsoft, From Arch Coal, International Coal, Fording Coal Trust, Northern Santa Fe Corp., Union Pacific Corp., Kansas City Southern) at... (SmartMoney)
Vietnam sets nuclear pace in Southeast Asia Jun 5, 2008
Japan's Toshiba, Hitachi and Mitsubishi are also in the nuclear hunt and seem well placed to benefit from Tokyo's strong commercial diplomacy in the region. Coinciding with the Vietnam exhibition, the governments of Japan and Vietnam signed a bilateral assistance agreement. (Asia Times Online)
* Display Taiwan trade show to be the biggest ever Jun 5, 2008
The show will feature Taiwans panel industry leaders, including AU Optronics (Fq), Chi Mei Optoelectronics (_ql), Prime View International (), Chunghwa Picture Tubes (M), Wintek (), RiTdisplay (_), Chi Mei El (_q), as well as top international flat-panel display makers such as JSR, Hitachi, Canon, 3M Corning, Nissan Chemical and AKT, TAITRA said. Panel makers from 11 countries, including the US, Germany, France, the UK, the Netherlands, Austria,... (Taipei Times, Taiwan -- World)
Japan's top film rental chain offers high-definition downloads Jun 5, 2008
Actvila was developed by Japan's major television makers -- Sharp, Sony, Matsushita, Toshiba and Hitachi -- and is compatible with several dozen models of plasma or liquid crystal display sets. Prices of such high-definition televisions have been on the decline, creating a larger market of viewers. (Sydney Morning Herald -- Technology)
Toshiba, Sanyo May Benefit From Japan `Green Initiatives,' Nikko Citi Says Jun 5, 2008
Toshiba, Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. will benefit as demand for nuclear power rises, according to the report ... Hitachi has a venture with General Electric Co.. (Bloomberg -- Japan)
Death knell for television as we know it May 28, 2008
The TV Portal Service Corp syndicate, comprising Sony, Matsushita (Panasonic), Sharp, Hitachi and Toshiba, is expected to announce the standard as early as next month. With the backing of telecommunications giant NTT, it will lobby the International Telecommunications Union to adopt it for global use. (Sydney Morning Herald -- Technology)
Sanyo, Volkswagen to Develop Lithium-Ion Batteries for Fuel-Efficient Cars May 28, 2008
The system will use lithium-ion batteries supplied by Hitachi Ltd.'s Hitachi Vehicle Energy Ltd. unit. Nissan, Honda. (Bloomberg -- Japan)
Most Asian markets gain after recent losses; Japan's Nikkei rises 1.5 percent May 27, 2008
2 percent, and Hitachi Ltd. was 2. 5 percent higher. (International Herald Tribune -- Travel)
Dai Nippon Printing to Build New Color Filter Plant for Large LCD Panels May 27, 2008
said Monday it will build a plant in Himeji in the western Japan prefecture of Hyogo to make color filters for large liquid crystal display panels (JCN Network, Japan)
Japan seeks new ties with India May 26, 2008
Mr Abe has arrived at the head of a major business delegation, including chief executives of Japanese companies such as Toyota, Mitsubishi, Canon and Hitachi. Trade is the main focus of the visit - it stands at nearly $7bn at present but a study by India's main Chambers of Commerce suggests it can be doubled in five years. (Yahoo News -- Japan)
ProLogis to develop distribution center in Japan May 16, 2008
will develop a 260,000-square-foot distribution center for Hitachi Transport System in Saga, Japan, the company reported Thursday. Hitachi provides third-party logistics services. (Denver Business Journal, CO)
