Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Hitachi, Ltd.    6501   JP3788600009

HITACHI, LTD.

(6501)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Hitachi : Establishes the Corporate Venture Capital Fund to Support Startups as an Innovation Partner

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2019 | 11:48pm EDT

TOKYO, Apr 26, 2019 - (JCN Newswire) - - Hitachi, Ltd. (TSE: 6501) to establish a new corporate venture capital (CVC) unit, Hitachi Ventures GmbH (HVG), whose responsibility will be to identify and acquire equity interests in fast-growing innovative startups globally on June 1, and the CVC fund, "Hitachi Ventures Fund".

Hitachi has been trying to improve people's quality of life and contributing to the sustainable progress of society by collaborating with stakeholders as "an innovation partner for the IoT era". Meanwhile, digital disruption changes conventional industry/market structure, especially by startups. We believe we can support and accelerate solving social and customers' issues through collaboration with selected startups by combining their disruptive innovation and Hitachi's technology, know-how, and customer channel.

HVG will hire top external talents with experience and capability on CVC activities to invest to and collaborate with startups globally. Stefan Gabriel, former president of "3M New Ventures" is announced to be CEO of HVG.

"Hitachi Ventures Fund" begins with a size of $150M.

Hitachi is going to support creating innovation by startups through the CVC activities, and expand collaborative creation with them as a partner.

"Hitachi Ventures Fund invests in highly innovative and early-stage startups with rapid growth potential. The purpose is to capture the occurring innovations and to support acceleration of the movements. Hitachi will deepen collaborations with invested startups to create new markets and to achieve mutual growth. I believe CVC activities will enable Hitachi to speedily develop new business models, innovative products and to deliver value to society." said Toshiaki Higashihara, President & CEO of Hitachi, Ltd.

"As the CVC market develops very actively and is growing globally, Hitachi takes that exciting opportunity to start a significant global Corporate Venture Activity. These strategic early-stage investments will concentrate on selected innovative business concepts with high commercialization potential for the entire Hitachi and enables it to create new innovative products and services. Synergies and learning are expected through technological and business Collaboration while foot-printing in adjacent growth markets. For these startups Hitachi will be a reliable investor and business partner. For the Hitachi Business, we will scout for startups with entrepreneurial talent to support getting prepared to re-invent the future!" said Stefan Gabriel, to be appointed CEO of Hitachi Ventures GmbH.

About Hitachi, Ltd.

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.

Contact:

Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111

Copyright 2019 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HITACHI, LTD.
08/05HITACHI : acquires local fintech pioneer Interblocks
AQ
08/04HITACHI : Omron Terminal Solutions acquires local fintech pioneer, Interblocks
AQ
08/01HITACHI : Receives Order for Electricity Balancing Market System to be Establish..
PU
07/31HITACHI : Automotive Systems to Strengthen Connections with Start-Ups Through Co..
AQ
07/29ASIA MARKETS: Asian Markets Gain As Bank Of Japan Maintains Steady Guidance
DJ
07/29HITACHI : April-June operating profit down 16% on weak overseas sales
AQ
07/28ASIA MARKETS: Asian Markets Fall Ahead Of Fed Meeting, Trade Talks
DJ
07/25ABB cautions on China as robotics sales flag
RE
07/19HITACHI : ATM maker Hitachi-Omron to buy Sri Lankan payment service firm
AQ
07/18MITSUBISHI HEAVY INDUSTRIES : MHPS Signs MOU with Uzbekistan's Ministry of Energ..
AQ
More news
Financials (JPY)
Sales 2020 9 158 B
EBIT 2020 768 B
Net income 2020 462 B
Debt 2020 584 B
Yield 2020 2,72%
P/E ratio 2020 7,84x
P/E ratio 2021 7,43x
EV / Sales2020 0,45x
EV / Sales2021 0,40x
Capitalization 3 569 B
Chart HITACHI, LTD.
Duration : Period :
Hitachi, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 5 255,00  JPY
Last Close Price 3 694,00  JPY
Spread / Highest target 62,4%
Spread / Average Target 42,3%
Spread / Lowest Target 11,0%
EPS Revisions
Managers
NameTitle
Toshiaki Higashihara Executive President, CEO & Director
Hiroaki Nakanishi Chairman
Mitsuaki Nishiyama Chief Financial Officer
Shinichiro Omori Chief Information Officer
Norihiro Suzuki Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
HITACHI, LTD.29.91%33 280
HONEYWELL INTERNATIONAL25.54%119 338
3M COMPANY-14.48%93 742
SIEMENS AG-10.42%76 795
GENERAL ELECTRIC COMPANY16.12%75 664
ILLINOIS TOOL WORKS18.57%49 502