Launch of i.e.HITACHI Plan to Strengthen Consolidated Sales
On October 1, 2001, Hitachi High-Technologies Corp. was born. Let’s take a look back at the history leading to this event.
Following the collapse of the Japanese asset price bubble at the start of the 1990s, Japanese enterprises were in dire need of management reform as they faced globalizing markets and the rise of emerging economies.
In November 1999 Hitachi, Ltd. announced a medium-term business plan called the i.e.HITACHI Plan. It proclaimed the need to carry out qualitative and structural reforms aimed at strategic utilization of the resources of the Hitachi Group and making Hitachi the “Best Solution Partner” for customers. With this strategy as a basis, efforts were made to strengthen consolidated sales through a process of reorganization, review, and collaboration within the Hitachi Group. Hitachi High-Technologies Corp. came about as part of this process, with the aim of strengthening and expanding business in the nanotechnology field. In February 2001 Hitachi, Ltd. announced that its instruments business and semiconductor manufacturing equipment business would be spun off as separate companies, which would then be absorbed by Nissei Sangyo Co., Ltd. The Clinical Testing Systems Sales Group of Hitachi Medical Corp. was added subsequently, and on October 1 Hitachi High-Technologies Corp. was born.
During this time several new Hitachi Group companies were established, including Hitachi Kokusai Electric Inc. (formed through the merger of Kokusai Electric Co., Ltd., Hitachi Denshi, Ltd., and Yagi Antenna Co., Ltd.), Hitachi Home and Life Solutions Co., Ltd., Hitachi Industrial Equipment Systems Co., Ltd., and Hitachi Displays, Ltd. Nevertheless, Hitachi High-Technologies attracted great interest as the first integrated enterprise in the Hitachi Group to combine the functions of a trading company and a manufacturing company.
Announcement of i.e.HITACHI Plan in November 1999
February 22, 2001, Nihon Keizai Shimbun article reporting the transfer of Hitachi’s instruments business and semiconductor manufacturing equipment business to Nissei Sangyo.