Tokyo, Japan, February 1, 2019 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that on April 1, 2019, it will strengthen its business structures, in order to achieve a transformation into a global leader, as laid out in the 2021 Mid-term Management Plan.
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Tokyo, February 1, 2019 --- Hitachi, Ltd. (TSE:6501) today announced its consolidated financial results for the third quarter of fiscal 2018, ended December 31, 2018.
Tokyo, January 25, 2019 --- Hitachi, Ltd. (TSE: 6501) today announced that it will strengthen its wind power generator maintenance services and expand its core product of wind power generation solution business, as part of efforts to strengthen its renewable energy business, including community-based and collaborative creation-oriented energy projects that combine solar power, storage batteries, EMS*1 and other elements.
Tokyo, January 17, 2019 --- Hitachi, Ltd. (TSE: 6501) today announced that it has decided to suspend its new nuclear power stations project in the UK (“Horizon Project”) that Horizon Nuclear Power Limited (“HNP”), a subsidiary of Hitachi and power generation development company in the UK, has been undertaking at Wylfa Newydd on Anglesey Island in north-west Wales. The decision was made from the viewpoint of Hitachi’s economic rationality as a private enterprise.
I would like to report that at the Board of Directors meeting held today we decided to suspend the titled project (“Horizon Project”).
Since Hitachi acquired Horizon Nuclear Power Limited in 2012, we have been stepping utmost efforts to supply clean energy which does not emit CO2 by constructing nuclear power stations with two units of ABWR*1 which complies with the UK regulations and cost requirement, based on the reactor which has an extensive construction and operation track record in Japan.
Gloucester, United Kingdom, January 17, 2019 --- Horizon Nuclear Power has today announced that it will suspend its UK nuclear development programme, following a decision taken by its parent company Hitachi, Ltd. Horizon is developing the Wylfa Newydd nuclear plant on Anglesey in North Wales and has a second site at Oldbury on Severn in South Gloucestershire.
The company has informed the UK Government of the decision taken at the Hitachi Board meeting on 17th January not to continue with the current programme of activities.
Tokyo, December 26, 2018 --- Hitachi Automotive Systems, Ltd. today announced that it has concluded a share transfer agreement with PTC2 Holdings Inc. a special-purpose company which is established by Polaris Capital Group Co., Ltd. to transfer all shares owned by Hitachi Automotive Systems in its wholly owned subsidiary, Hitachi Automotive Systems Measurement, Ltd., which engages in the energy station and plant construction businesses.
Tokyo, December 25, 2018 --- Hitachi, Ltd. (TSE: 6501) today announced that it had concluded an agreement with INCJ, Ltd. and Maxell Holdings, Ltd. to restructure the capital affiliation of Hitachi Vehicle Energy, Ltd., Hitachi’s wholly owned subsidiaries in the automotive lithium-ion battery business, to form a joint-stock partnership structure with these companies, and had concluded both a basic agreement and share transfer agreement with them.
Tokyo, Japan, December 17, 2018 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that it has decided to acquire the world-leading power grids business from ABB Ltd (NYSE:ABB, "ABB") and has signed an agreement with ABB. Hitachi plans to initially acquire an 80.1% stake in the Power Grids business and expects to close the acquisition in the first half of 2020, making Power Grids a consolidated subsidiary. Hitachi has entered into a purchase option to acquire the remaining 19.9% stake in Power Grids, making Power Grids a wholly-owned subsidiary.
Tokyo, Japan, December 14, 2018 --- Hitachi, Ltd. (TSE:6501, “Hitachi”), Infosys Ltd. (NYSE:INFY, “Infosys”), Panasonic Corporation (TSE:6752, “Panasonic”), and Pasona Group Inc. (TSE:2168 “PASONA”), today announced that a contract was signed on December 14, 2018, regarding the transfer of part of the shares owned by Hitachi in Hitachi Procurement Service Co., Ltd. (“Hitachi Procurement Service”), Hitachi’s fully owned subsidiary that handles indirect materials*1 purchasing functions for the Hitachi Group, to Infosys, Panasonic, and Pasona Group’s subsidiary PASONA Inc.