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  6. 60 Years of History 1965 to 1984 | 1985 to 2014 | 2015 to 2024
  7. 60 Years of History View by organization | 60th Anniversary Site
  8. 60 Years of History Sales Administration Dept. | 60th Anniversary Site
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History

60 years of History

View by organization

We will introduce the history, topics, and future prospects
of the 29 departments at the head office and 10 branches nationwide as of fiscal year 2024.*The names of corporations, foundations, incorporated associations, national university corporations, etc. have been omitted.

Sales Administration Dept.

Sales Administration Dept.

History of the Department

In April 2014, Sales Administration Dept. took over trade administration responsibility from CSR office in April 2014, and as exports to the United States, Europe and Asia increased, the department has been working for respond to revisions to laws and regulations and ensure compliance.
The current business content is divided into the following areas: sales transaction management (balance management), credit, insurance, export management, inventory accounting, performance management, business transfer support, internal control, and accountant support.
The mission is to ① observe the "Basics and Ethics", ② prevent unforeseen losses, and ③ strengthen management support functions and promote highly efficient management.

Changes in Management Base Strengthening and Institutional Reforms

1
Strengthening cash flow management

From April 2019, the "internal interest rate calculation system" was abolished, and the company started to calculate the CCC (Cash Conversion Cycle) for the entire company and each department in the annual budget, performance forecasts, and business liaison meetings, with a focus on the indicators of cash flow and CCC, and reflect them as indicators in meeting materials to promote awareness and improvement of cash flow management.

2
Strengthening of management support functions

We conducted a detailed examination of the asset transfer agreement and carried out the necessary procedures for the transfer of service operations for specimen preprocessing systems, following the transfer of service operations for FIB-SEM composite devices and probe microscopes from Hitachi High-Tech Science in April 2021 and the transfer of rights and obligations for the healthcare business of Hitachi, Ltd. to Hitachi High-Tech in April 2024. After the transfer, we have been providing support functions through on-site support for sales transactions, balance management (stagnation management), and performance management.
In addition, we are working to improve management analysis and performance management methods through a review of meeting materials with an eye to inventory balance management and CCC improvement.

3
BPO(Business Process Outsourcing)

In export control operations, with the increase in exports to the United States, Europe and Asia, we outsourced export control screening operations to Hitachi High-Tech in April 2022, and by standardizing the screening level and ensuring higher quality, we were able to improve operational efficiency and concentrate resources on other operations.
In addition, from October 2024, the Hitachi High-Tech Group plans to strengthen measures to prevent unforeseen losses by outsourcing credit-related operations from the perspective of consolidated credit.

4
System revision

In April 2015, the revenue recognition standard was partially changed in line with the adoption of IFRS (International Financial Reporting Standards).
From April 2019, the criteria for stagnation was reviewed, and the criteria for the provision for loss on materials was changed. The criteria for destruction was unified to more than two years.
In October 2019, Confirmation of the tax rate difference and settlement of the difference for multi-year contracts in accordance with the change in the consumption tax rate (from 8% to 10%) that came into effect then.
From April 2022, the company moved away from estimating monthly results and instead manage performance on a quarterly basis. It also manage the progress of the year to date and promote greater operational efficiency across the company.
In October 2023, Confirmation of the qualified business operator registration number of suppliers involved in business transactions that comply with the invoice system (consumption tax) that came into effect then.
We are currently working to improve the system by implementing the electronic storage of business transaction data in accordance with the Electronic Bookkeeping Storage Law, which comes into effect in January 2024, and by conducting self-audits.

Future Prospects

1
Promoting financial DX and creating value

In July 2024, the company switched from its core SAP R/3 system to SAP S/4HANA and Service Cloud, creating a shared environment with Hitachi High-Tech. The company will also promote RPA (Robotic Process Automation) with the aim of BPO, including consolidated credit, and improve productivity by standardizing and consolidating operations within the group, and strengthen global financial human resources by improving expertise and skills.

2
Strengthening support and management operations

The Finance Division of Hitachi High-Tech aims to propose and promote measures to improve the efficiency and sophistication of overall performance management, as well as to improve budget accuracy and provide support for improvements, and to create an organization that can provide analysis and recommendations on issues and measures to support management decision-making.

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