Hitachi, Ltd. Establishes New Company to Create New Industries with Technology for Visualizing
June 30, 2020 at 10:28 am EDT
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Hitachi, Ltd. announced that Hitachi will commercialize its original technology for measuring well-being and utilize it to support new organization management and activation triggered by COVID-19 Pandemic, and will establish Happiness Planet Ltd. on July 20 with the aim of creating new happiness and well-being industries by utilizing quantified levels of well-being in various situations. The new company is expanding its previous initiative, the app business. The app will quantify organizational vitality and help employees take positive actions to achieve companies mission in both office work and work from home. Furthermore, in collaboration with local governments and industries, the new company aims to create unprecedented new happiness and well-being industries, in which measured and visualized well-being levels are used in a variety of situations, including community development, nursing care, medical care, and housing selection. The new company will be managed by Kazuo Yano, Fellow of Hitachi, Ltd., who has driven the research, development and commercialization of AI/data applications and Happiness.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
