Hitachi Plans to Derive More than Half Its Group Revenues from Overseas in 2015

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Hitachi, the nation’s largest maker of electric equipment and infrastructure systems is going global after painful reforms.  The company splurged on a pricey acquisition -- a railway vehicle and signal businesses of Italy’s Finmeccanica S.p.A., a deal estimated at over ¥250 billion.

This highlights Hitachi's accelerated shift in recent years toward global expansion.

Chairman and CEO Hiroaki Nakanishi, however, does not seem to be content, which is a good thing from the standpoint of continuing to drive results for Hitachi.

“We need to respond to a market that is getting all the more global or else we’ll end up going extinct,” he [Nakanishi] said in an interview in Las Vegas in late April on the sidelines of a corporate exhibition.

Read more:  Resurgent Hitachi goes global after painful reforms