Hitachi Announces Financial Results for Q2

Hitachi Announces Financial Results for Q2

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Hitachi Completes Volume Production Line for Lithium Ion Batteries

Hitachi Completes Volume Production Line for Lithium Ion Batteries used in Hybrid Electric Vehicles Achieves world’s highest level*1 of volume production capacity for automotive Li-ion batteries

 Hitachi, Ltd. (NYSE:HIT / TSE:6501) announced that Hitachi Vehicle Energy, Ltd. (“Hitachi Vehicle Energy”; Hitachi-naka City, Ibaraki Pref.; President: Hidetaka Kawamoto), a Hitachi Group company that develops and manufactures lithium-ion (“Li-ion”) batteries for hybrid electric vehicles and other applications, has completed construction of a volume production line for 3rd-generation automotive Li-ion batteries. This line has the capacity to produce 300,000 cells per month, which in combination with an existing line (capacity: 40,000 cells/month) will enable Hitachi Vehicle Energy to supply a total of 340,000 cells per month. The output density of the cells produced is 3,000W/kg, which is about 15% higher than 2nd-generation cells. This represents the world’s top-class level*1 of power density for Li-ion batteries that can be volume-produced. The line is scheduled to become fully operational starting from 2010.

The Hitachi Group built a volume production line for first-generation Li-ion batteries for use in electric vehicles and hybrid electric vehicles at Shin-Kobe Electric Machinery Co., Ltd. (President: Shigeru Ito), and began production in 2000. The Hitachi Group was the first in the world to develop and volume produce automotive Li-ion batteries. Later, three companies � Hitachi, Ltd., Shin-Kobe Electric Machinery, and Hitachi Maxell, Ltd. � jointly established Hitachi Vehicle Energy to specialize in the development and manufacture of automotive Li-ion batteries based on past experience with 1st-generation cells. The 2nd-generation volume production line went into operation in 2004. Currently, this second-generation volume production line produces mainly Li-ion batteries for commercial vehicles. In distribution, Hitachi Automotive Systems, Ltd. (President: Kunihiko Ohnuma) is engaged in sales of automotive Li-ion batteries.

Now, based on the highly reliable, high-quality Li-ion battery production technologies cultivated through feedback from customers in the past, Hitachi Vehicle Energy has completed a volume production line capable of producing 300,000 third-generation cells per month. In combination with an existing line, which has a capacity of 40,000 cells per month, Hitachi Vehicle Energy will be able to supply a total of 340,000 cells per month (the world’s highest level of volume production capacity for automotive Li-ion batteries), and to respond to the demand for hybrid electric vehicles, which exceeds 100,000 units per year. Amid an increasing demand for environment-friendly vehicles, the company can meet requests for Li-ion batteries from automobile manufacturers around the world. Full-scale production is set to begin in 2010.

Hitachi Vehicle Energy brings together not only Hitachi’s electronic control technologies and automotive battery technologies, but also the material and component technologies of the various companies in the Hitachi Group. It has an extensive track record of supplying products ranging from battery cells to battery system packs, and has shipped a total of roughly 800,000 cells*2, mainly to automobile manufacturers and railway companies. In August of this year, Hitachi Vehicle Energy received the “Outstanding Achievement Award” in the Product and Technology Development Division of the 3rd Monozukuri Nihon Taisho Awards, presented by the Ministry of Economy, Trade and Industry in recognition of past activities in product development and new volume production technologies.

Hitachi and Hitachi Vehicle Energy will continue to combine the strengths of the Hitachi Group to contribute to the global environment through automotive Li-ion batteries, and to strengthen the Social Innovation Business.

The third-generation Li-ion batteries produced on the new line will be on display in the Hitachi Group’s booth at the Tokyo Motor Show, which will be held at Makuhari Messe International Convention Complex (Chiba Prefecture) starting on October 23.

About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen ($102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

Hitachi Announces to Transfer Hitachi Plasma Display’s Miyazaki Works Land and Buildings to Showa Shell Solar

Hitachi Announces to Transfer Hitachi Plasma Display’s Miyazaki Works (Land and Buildings) to Showa Shell Solar.

Hitachi, Ltd. announced that it has agreed in principle to transfer the land and buildings belonging to Hitachi Plasma Display Limited’s Miyazaki Works, which manufactures TV plasma display panels, to Showa Shell Solar K.K.

Hitachi is pushing through business structural reforms to improve earnings, including ending the development and production of plasma display panels and procuring panels from Panasonic Corporation to strengthen the competitiveness of its flat-panel TV operations. As part of this, Hitachi has continued to look at various ways of effectively utilizing Hitachi Plasma Display’s Miyazaki Works.

Since April this year, Hitachi has held discussions with Showa Shell Sekiyu K.K. regarding the effective utilization of land, buildings and human resources of Hitachi Plasma Display’s Miyazaki Works. It has now been decided that the land and buildings of these works will be transferred to Showa Shell Solar, a subsidiary of Showa Shell Sekiyu. Hitachi and Showa Shell Solar will continue discussions on how to effectively utilize the workforce of Hitachi Plasma Display’s Miyazaki Works.

Showa Shell Solar has developed world-leading proprietary manufacturing technology for CIS solar powered cells and is considering establishing a large-scale plant to become operational in 2011. The company decided to acquire the land and buildings of Hitachi Plasma Display’s Miyazaki Works given the technological affinity of the two companies, the proximity of the land and buildings to an existing plant, and other factors.

Hitachi intends to build a cordial business relationship with Showa Shell Solar and look at possibility of cooperation of both companies.

Hitachi announces 5 full HD TVs with built-in 500GB HDD

There is a clear trend in Japan, where all the relevant new TVs come from, and that’s building devices to store programs into the hardware itself, i.e. HDDs or Blu-ray recorders. Mitsubishi appears to be especially radical in this respect, announcing a TV with both a built-in Blu-ray recorder and HDD just last week. And today Hitachi followed up by adding a total of two new LCDs and three plasmas [JP] to their Wooo TV series, with all models featuring a built-in 500GB HDD.

The three plasma TVs will be available as 42/46 and 50-inchers (prices: $3,000/$3,500 and $4,000 – the picture above shows the biggest model). The two LCDs will be available in 37-inch and 42-inch versions (prices: $2,500 and $3,000). All of these TVs have the 500GB HDD on board, are full HD, can handle DLNA and have an iVDR slot. The plasma models boast a contrast ratio of 40,000:1.

Hitachi plans to ship the plasma TVs to Japanese stores starting September 10, while the LCDs (see the smaller model above) are scheduled for release in October. International sales plans haven’t been announced yet.

Hitachi Announces NAS Platform

Hitachi Data Systems announced the availability of its Network Attached Storage (NAS) platform, with two new solutions for midrange storage.

Hitachi NAS 3080 and 3090 offer Intelligent File Tiering capability in midrange and include benefits to increase productivity and simplify storage, the company claimed.

“Hitachi combines storage management software, content archiving and data discovery solutions in one integrated platform to minimize complexity and reduce storage CAPEX and OPEX,” said Miki Sandorfi, Chief Strategist for File and Content Services, Hitachi.

According to the company, the Hitachi NAS Platform offers up to two petabytes of capacity and 100K IOPS per node, which enables consolidation for midrange companies.

It also offers Intelligent Tiering capability, which is integrated with the Hitachi Data Discovery Suite to move data automatically among Fibre channel, SAS, SATA and archive tiers based on pre-set policies, the company added.

The Hitachi NAS Platform is optimized with Hitachi storage systems and the Hitachi Storage Command Suite, offering customers a single console for management of unified NAS and SAN environments.

Additionally, it is integrated with commercial application environments such as Microsoft Exchange, SQL Server, SharePoint and Oracle while used in VMware vSphere environments, the company claimed.

The Hitachi NAS Platform is designed for data-driven organizations and is suited for healthcare applications, according to the company.

The platform is available through Hitachi direct sales and channel partners

Hitachi announces high-speed 500GB laptop hard drive

Less than a month ago, Hitachi announced its 2TB hard drive for desktops. The company on Tuesday brought the same speed to its newest Travelstar hard drive for laptops.

hitachi 500GB hard drive

The new hard drive is called Travelstar 7K500. This is a 500GB, 2.5-inch, SATA 2 (3Gb/s) hard drive designed for high-performance notebooks and external storage solutions. The new Travelstar 7K500, according to Hitachi, delivers up to 56 percent higher capacity and 16 percent better application performance than its predecessors. It also comes with Hitachi’s new technologies designed to withstand shocks and vibration, and offers better power management and security.

The new 7200 RPM TravelStar hard drive.

(Credit: Hitachi)As with previous generations of the Travelstar hard drive, like the Travelstar 5K500.B, the Travelstar 7K500 comes optional with hardware-based bulk data encryption (BDE). However, it’s one of the first that’s compliant with the Trusted Computing Group’s (TCG) Opal storage security specification. This is a new open standard designed to protect data in the event of system loss or theft.

(Hitachi BDE, much like the Seagate’s full disk encrytion, is a hardware-based encryption provided as an option for hard drives. Once enabled, the hard drive will encrypt all data that comes from the system as it is written to the media. When read back, the drive decrypts the data so that it can be understood by the system. Since the hard drive is doing the encryption work, there is no impact on the operating system’s performance. In case of loss or theft, the data can be automatically deleted, rendering the hard drive unreadable.)

Hitachi claims that the new Travelstar 7K500 has been designed for energy efficiency with power consumption as low as 0.69 watts when idle and 1.8 watts during operation. The drive also offer halogen-free design and RoHS compliance.

The new Travelstar 7K500 comes in 120GB, 160GB, 250GB, 320GB, and 500GB capacities. It’s currently only available to OEMs but you can get your own sometime later this month with the 500GB version costing $160

Hitachi Introduces New Automotive Lithium-Ion Battery

hitachi_li-ion-battery

Hitachi has announced that Hitachi, Ltd. and Hitachi Vehicle Energy, Ltd. which develops and manufactures lithium-ion batteries for automotive applications, such as hybrid electric vehicles, have developed a lithium-ion battery having the world’s highest power density of 4,500W/kg, 1.7 times the output of the company’s mass-produced, automotive lithium-ion batteries. Sampling of the new battery by domestic and overseas car manufacturers will start in the fall.

To reduce internal resistance, the battery employs a new manganese cathode and an original Hitachi battery structure, in such as thinner electrodes, power collection method and effective configurations to achieve the world’s highest output.

In recent years, lithium-ion batteries have been used for many consumer product applications, including mobile telephones, notebook PCs and digital cameras. For the same energy density, a lithium-ion battery has about half the volume and weight of a nickel-metal hydride battery, and about one-third the volume and weight of a lead acid battery. This makes the lithium-ion battery a small, light, high-energy-density secondary battery that is attracting attention for its applicability to hybrid and electric vehicles.

In 2000, the Hitachi Group used its extensive technological and manufacturing capabilities in fields ranging from materials to battery control systems, to develop and mass-produce the world’s first safe, high-performance, long-operating-life lithium-ion battery for automotive applications.

A second-generation lithium-ion battery with an power density of 2,600 W/kg that currently is being delivered for automotive and railway applications, is the world’s only mass-produced lithium-ion battery for on-board applications. Up to this point, a total of some 600,000 cells have been delivered, mainly to car manufacturers and railway companies.

Moreover, development of a third-generation lithium-ion battery having an even higher power density (3,000 W/kg) has already been completed, and will go into mass-production in 2010, with deliveries scheduled to begin the same year.

The battery set to start sampling this fall has been developed as a fourth-generation lithium-ion battery that is even smaller and lighter yet able to provide the world’s highest output. The high reliability of the new battery, in terms of mass-production and quality, is the culmination of manufacturing technology that Hitachi has built up in the course of its extensive market achievements, and through the feedback from its customers.

Going forward, in addition to this lineup of stand-alone battery cell products, Hitachi will meet customer needs by providing optimal battery system solutions that include control systems.

In line with its long-term “Environmental Vision 2025 plan to combat global warming, the Hitachi Group is using the expansion of its systems business, starting with its battery operations, to make a contribution to the future of the global environment, and to strengthen its social innovation business.

The new battery displayed at the Automotive Engineering Exposition 2009 held at PACIFICO Yokohama from May 20 to May 22.

Hitachi CP-X206 and CP-X306 3LCD Projectors Announced

Hitachi Offers Networking Capability And Lower Cost Of Ownership With New LCD Projectors Which Offer Remote Monitoring and Management Functionality and a New 2,000-Hour Hybrid Filter

Hitachi America, Ltd., Ubiquitous Platform Systems Division today introduced the CP-X206 and CP-X306 3LCD projectors, offering versatility and performance for a variety of environments. The CP-X206 and CP-X306 offer remote control and maintenance via a LAN connection, while Hitachi’s proprietary My Image technology allows administrators to send still images to every projector on the network.

The Hitachi CP-X206 and CP-X306 projectors feature Hitachi PJMan® software, allowing users to control and monitor multiple projectors via a web browser without having to download and install application software. This allows administrators to monitor for functions such as lamp life on every projector on the network from a single, remote location. Additionally, the timing of switching the projector’s power on and off can be automatically scheduled from a computer.

The CP-X206 and CP-X306 projectors feature a new hybrid filter, allowing for 2,000 hours before replacement, located on the side of the chassis, making it accessible no matter how the projector is mounted. Both models contain a top door lamp, enabling easy replacement when the projector is ceiling mounted.

Addressing the issue of security, administrators can transfer still images to every projector on the network, thanks to the My Image function. The images will be automatically displayed on every projector, regardless of whether or not they are in use at the time. This is particularly useful in emergency situations when a notification needs to be sent immediately across a large area.

The CP-X206 projector offers 2,200 lumens of brightness, while the CP-X306 offers 2,600 lumens. Both models weigh 7.7 pounds and feature a 500:1 contrast ratio. They also feature 7 Watts of built-in audio, eliminating the need for external speakers. The CP-X206 and CP-X306 boast a low noise rating of 29 dB in Whisper Mode.

The CP-X206 and CP-X306 also offer anti-theft features such as a Transition Detector (requires a password to operate the projector when moved from a fixed position). Both projectors also offer PIN Lock and MyScreen Lock, as well as a security bar.

CDC Software and Hitachi Joho Announce Strategic Alliance to Market Ross Enterprise in Japan

Alliance is Part of CDC Software’s Expansion Plans in World’s Second Largest Economy

TOKYO, ATLANTA, May 14, 2008 – CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software products and services, and Hitachi Joho, a 51 percent majority held subsidiary of Hitachi Corporation, JAPAN, today announced that Hitachi Joho intends to resell Ross Enterprise products in Japan. This is the latest move in CDC Software’s plan to expand its operations in Japan, the world’s second largest economy.

CDC Software and Hitachi Joho expect to complete a definitive agreement with respect to the implementation of this strategic alliance during the second quarter of 2008. Under this agreement, the parties intend that Hitachi Joho will resell Ross Enterprise solutions in Japan and the overseas subsidiaries of Japanese companies targeting the Food and Beverage, Chemical and Life Sciences industry segments. CDC Software has been marketing Ross Enterprise applications in the Japanese market for more than 10 years.

“We plan to build on the success of Ross Enterprise in Japan and its strong value proposition of deep industry focus and low cost of ownership,” said Hiroshi Kurihara, general manager of Hitachi Joho. “We believe there is a strong need for cost effective, full functionality, global standard ERP packages for medium-sized companies in Japan. We also like the fact that CDC Software has a strong commitment to continuous development for Ross Enterprise solutions.”

`We are planning to leverage Hitachi Joho`s strength in this market to expand our ERP solutions in Japan and eventually expand the market presence of our other world class products in Japan.” said Bruce Cameron, senior vice president, Global Sales of CDC Software.”

Hitachi Announces Yearly results as of March 31 2008

 Summary: http://www.hitachi.com/New/cnews/080513/02_sum.pdf

Business Results and Financial Position

http://www.hitachi.com/New/cnews/080513/03_teijo.pdf

 

Consolidated Statements of Operations

http://www.hitachi.com/New/cnews/080513/04_renpl.pdf

 

Consolidated Balance Sheets

http://www.hitachi.com/New/cnews/080513/05_renbs.pdf

 

Consolidated Statements of Stockholders’ Equity

http://www.hitachi.com/New/cnews/080513/06_renss.pdf

 

Consolidated Statements of Cash Flows

http://www.hitachi.com/New/cnews/080513/07_rencf.pdf

 

Segment Information

http://www.hitachi.com/New/cnews/080513/08_rensg.pdf

 

Per Share Information

http://www.hitachi.com/New/cnews/080513/09_rensi.pdf

 

Unconsolidated Financial Statements Summary

http://www.hitachi.com/New/cnews/080513/10_fsum.pdf