Slide 1: Form 6-K Hitachi, Ltd.
Table of Contents FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2010 Commission File Number 1-8320 Hitachi, Ltd. (Translation of registrant’s name into
Slide 2: Table of Contents
Table of Contents This report on Form 6-K contains the following: 1. Press release and presentation material dated May 31, 2010 regarding “2012 Mid-term Management Plan”
Slide 3: Signatures
Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Hitachi, Ltd. (Registrant) Date June 1, 2010 By /s/ Toshiaki Kuzuoka Toshiaki Kuzuoka
Slide 4: Hitachi Announces 2012 Mid-term Management Plan
Table of Contents FOR IMMEDIATE RELEASE Hitachi Announces “2012 Mid-term Management Plan” Tokyo, May 31, 2010 — Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it has formulated a management plan “2012 Mid-term Management Plan” to promote “Growth Driven by Social Innovation Business” & “Sol
Slide 5: Global Growth Strategy
Table of Contents -2- 2. Global Growth Strategy (1) Promote and expand global localization a. Strengthen project control center via local leadership b. Accelerate development of a detailed strategy in each region Maintain Japan as a strong business base Emerging markets: Tap into robust social innov
Slide 6: Focusing Business Resources on the Social Innovation Business
Table of Contents -3- 3. Focusing Business Resources on the Social Innovation Business Focusing business resources/investment total 1.6 trillion yen on the Social Innovation Business (1) Concentrate investments in FY2010-FY2012 Allocate 70% of total amount (1.4 trillion yen) for capital expenditures
Slide 7: Reinforce Financial Position
Table of Contents -4- (3) Reinforce Financial Position - Improve profitability Expand strong products to improve operating income ratio, solid asset management, expand scope of consolidated tax filing gConsistently generate net income attributable to Hitachi, Ltd. of at least 200 billion yen - Stren
Slide 8: Forward-looking statement factors
Table of Contents -5- Factors that could cause actual results to differ materially from those projected or implied in any “forward-looking statement” and from historical trends include, but are not limited to: • economic conditions, including consumer spending and plant and equipment investments in
Slide 9: About Hitachi, Ltd.
Table of Contents -6- About Hitachi, Ltd. Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion).
Slide 10: Global Growth Strategy
Table of Contents 2-1. (1) Strengthen Rigorously Accelerate Emerging Industrialized markets countries Japan strong © Hitachi, Promote Global Develop business demand Tap Ltd. development project develop Growth and Make into environmental 2010. base expand to control robust Strategy aenvironmental upg
Slide 11: Contents
Table of Contents 2012 “Growth 1. [Contents] 2. 3. 4. 5. © Key Global Focusing Strengthening FY2012 Hitachi, Mid-term Strategy Driven Growth Ltd. Targets Business Management 2010. by the Strategy Social Business Resources All rights Innovation Plan Structure reserved. on theBusiness” Social to2Stabi
Slide 12: Contents
Table of Contents 2012 “Growth 1. [Contents] 2. 3. 4. 5. © Key Global Focusing Strengthening FY2012 Hitachi, Mid-term Strategy Driven Growth Ltd. Targets Business Management 2010. by the Strategy Social Business Resources All rights Innovation Plan Structure reserved. on theBusiness” Social to3Stabi
Slide 13: FY2009 Financial Results
Table of Contents 1-1. FY2008 Revenues (1.3%) Operating Net D/E Total *Stockholders’ © loss Key Ratio* Hitachi, (2.3%) Including attributable FY2009 Hitachi,Strategy ¥income 1.29 10,000.3 equity Ltd. Ltd. times [Financial ¥noncontrolling 11.2% 2010.127.1 tobillion 1.04 Hitachi, All 14.4% billion tim
Slide 14: FY2012 Financial Targets
Table of Contents 1-2. FY2012 Revenues Operating Net to D/E Total *Stockholders’ © income Key Ratio* Hitachi, Including Targets Hitachi,Strategy ¥income 0.8 attributable 10,500 equity Ltd. Ltd. times Consistently [FY2012 Over noncontrolling 20% 2010.billion or All5% below Financial generate rights i
Slide 15: Core Initiatives
Table of Contents 1-3. “Growth & The 1. Strengthen 2. Invest 3. Rigorously © Leverage Focus Strengthen Hitachi, “Solid Social Key ¥1business Driven Strategy Financial trillion Ltd. Innovation locally cut Hitachi’s the costs, 2010. by in business resources [Core led Base” the Social improve All stren
Slide 16: Business Focus
Table of Contents 1-4. Social Industrial, Eco-friendly Cloud Data Energy (Thermal, Information Power Healthcare Materials © Hitachi, Key centers computing Innovation systems Storage Strategy and nuclear, transportation Ltd. and city key 2010. Smart Telecommunication (Water Construction [Business Bus
Slide 17: Management Focus
Table of Contents 1-5. Leverage Address Refine © Hitachi, Key ability social Strategy Information, Ltd.toinnovation 2010. build [Management All environmental Experience rights needsreserved. Focus] Fusion Global Environment by8and synergistic Trustsystems of integration Hitachi by drawing to develop
Slide 18: Stronger Defense to Offense
Table of Contents 1-6. FY2010-FY2012: Concentrate “Offense” Return Strengthen “Defense” © Hitachi, KeytoStrategy our Ltd. cost investment roots 2010. competitiveness [Stronger From onAll our on “Defense” rights 100th key Hitachi] business reserved. Reinforce anniversary to “Offense” fields 9 financi
Slide 19: Contents
Table of Contents 2012 “Growth 1. [Contents] 2. 3. 4. 5. © Key Global Focusing Strengthening FY2012 Hitachi, Mid-term Strategy Driven Growth Ltd. Targets Business Management 2010. by the Strategy Social Business Resources All rights Innovation Plan Structure reserved. on theBusiness” Social to10 Sta
Slide 20: Promote and expand global localization
Table of Contents 2-1. (1) Strengthen Rigorously Accelerate Emerging Tap Industrialized Make Japan © Hitachi, Promote into Global environmental Develop robust markets Ltd. development project develop Growth and countries environmental social 2010. expand control Strategy aand All more innovation glo
Slide 21: Expand business opportunities with partners
Table of Contents 2-2. (2) Project China Cooperative Strengthening National Sino-Singapore Delhi Singapore/ (3) Eco-friendly © Hitachi, Expand Global Mumbai India name Development Ltd. Economic business new Growth Singapore projects city Partner of Industrial 2010. Tianjin businesses Social Water St
Slide 22: Emerging Markets: China
Table of Contents 2-3. -Market 1980s-1990s machinery, escalators, Achieved 2000s The Hitachi’s 0(Trillion 0.5 1.0 1.5 Future Construction Differentiate ©5Requires Rapidly Hitachi, 06Most Global 07 revenues strategy features yen) 08 achievements China growing consolidated Trusted partnerships home Lt
Slide 23: Emerging Markets: China (2)
Table of Contents 2-4. China: Cooperative Highly Home Urban Low Water control Develop Progressively (E.g. © Hitachi, Global carbon Maldives circulation appliance transportation Focus efficient technologies in Ltd. Asian Growth project on utilize water 2010. power recycling creating Energy belt Strat
Slide 24: Industrialized Countries: Europe
Table of Contents 2-5. -Market Hitachi’s [Thermal America, Hitachi Africa China/Dongfang Europe Electric South EPC Future Europe, Build manufacture Expand ©Strict Increasing Hitachi, Global business an Africa Pty. strategy environmental Asia GmbH and features Power locally eco-friendly integrated ac
Slide 25: Industrialized Countries: Europe (2)
Table of Contents 2-6. [E.g. [Europe Include R&D: Hitachi Under CCS: A-USC: South Commencement Overall Coordinating Local Risk Personnel Construction © Hitachi, Global management Strengthen Carbon project Africa—Medupi-Kusile Development construction Power India plant Project Advanced training Ltd.
Slide 26: Industrialized Countries: North America
Table of Contents 2-7. Market Hitachi’s [Storage, history) Regional Information Systems Telecommunication Japan Asia Europe Product design Future Expand Extend © Hitachi, Global U.S. business strategy and consulting features globally strategy, Company achievements etc.: Ltd. connectivity headquarter
Slide 27: Overseas Revenue Ratio
Table of Contents 2-8. Aim [Revenues China Overseas [[9] Asia, Japan [16] Over 48% Europe Head 231 © Hitachi, 41% kGlobal Overseas to 50% etc. Count In Emerging Japan achieve [9] ]:% North Japan revenue [13] [14] Ltd. by North Growth ratio FY2009 Emerging Region] revenue America 217 2010. an [52] Am
Slide 28: Japan
Table of Contents 2-9. Technologies -Challenge Present Information Telecommuni -cation Storage, Experience Equipment Power (ABWR*) Social Technology and Infrastructure Systems Building JP1: © Support Hitachi, Industrial Global Integrated Aluminum public, Initiatives JP1* Reliability Expand systems c
Slide 29: Contents
Table of Contents 2012 “Growth 1. [Contents] 2. 3. 4. 5. © Key Global Focusing Strengthening FY2012 Hitachi, Mid-term Strategy Driven Growth Ltd. Targets Business Management 2010. by the Strategy Social Business Resources All rights Innovation Plan Structure reserved. on theBusiness” Social to20 Sta
Slide 30: Portfolio Realignment
Table of Contents 3-1. Realigned Commenced Made 2010/2,2010/4 10/10 Started 2007/6 Hitachi 2010/3 Machinery Plan Converted 2009/3 Investment 2008/3 Integrated 2010/4 2010/6 Planned 2009/7, Transferred Withdrew 2007/10 2007 © 2010 Hitachi, Focusing to 2008 5merger (Plan) integrate global Information
Slide 31: Concentrate Investments
Table of Contents 3-2. Concentrate Investments] Global (1) Allocated FY2010-FY2012 Conduct Examples Focus Investment Information Expand Power Strengthen Social Establish FY2010 Timing FY2011 © Hitachi, Concentrate Focusing on Infrastructure Systems Fusion data ~ ~12 M&As strengthening rolling and of
Slide 32: R&D Investment
Table of Contents 3-3. Concentrate (2) Allocate FY2010-FY2012 Examples Establish Core Environment Fusion Global Regional Information Efficient North China: Large New Lithium-ion Increase Slash © Hitachi, Strategically Focusing Electronics power and design America: capacity, Smart Fusion and 50% desi
Slide 33: Investment of 1.6 Trillion Yen
Table of Contents 3-4. Concentrate Elevator Healthcare Increase Develop (Billion Capex Information Power Social Construction High 400 ¥R&D 122% (FY2010~FY2012) FY2009 © 1Hitachi, 600 trillion 300 Focusing Functional Investment billion 220 Infrastructure and Systems yen) 200 FY2012 production and hyb
Slide 34: Focus on High Functional Materials & Components
Table of Contents 3-5. Focus Metals (Rare-earth Power, Cables(Radiation-resistant cables Environmental Chemicals(High materials, Eco-car Batteries(Standard-type and Energy-saving Key © transformers) Hitachi, industrial Focusing devices(Inverters, on for Environmental railway and advanced railways) s
Slide 35: Contents
Table of Contents 2012 “Growth 1. [Contents] 2. 3. 4. 5. © Key Global Focusing Strengthening FY2012 Hitachi, Mid-term Strategy Driven Growth Ltd. Targets Business Management 2010. by the Strategy Social Business Resources All rights Innovation Plan Structure reserved. on theBusiness” Social to26 Sta
Slide 36: Structural Reform of Underperforming Businesses
Table of Contents [Status 4-1. Flat-panel Ceased Structural Profitable external SSD: Operating Billion Hard Automotive ¥240.0 100 08 © Hitachi, 0950 Strengthening disk Disk Solid FY2010 billion 0 of yen in-house HDDs (50) Improvement drive reforms for income TV Drive Ltd. State systems-related syste
Slide 37: Cost-Cutting Measures
Table of Contents 4-2. Reduce Extend Increase (3) Replace (4) Open Continue (1) (2) Project (Use Expand Strengthen IFRS: © Hitachi, Save Expand Continue Promote Strengthening economies new International to procurement shared materials, to resources, reducing reduce 35% offices Ltd. functions cost 50
Slide 38: Reinforce Financial Position
Table of Contents 4-3. [Reinforce Improve Expand Consistently Hitachi, Strengthen Raise Continuously D/E *Solid ©Including Hitachi, Strengthening ratio* asset Net strong Ltd profitability income to Ltd. Financial management financial noncontrolling .generate 0.8 of generate products 2010. attimes at
Slide 39: Promote In-house Company System
Table of Contents 4-4. [Promote Strengthen *Delegation Promote Corporate Share In-house Expand © FIV: Hitachi, Strengthening global Future business Hitachi Company Capture In-house Ltd. ability ofadvanced Inspiration authority 2010. Group coordination faster tothe Company evaluations quickly All Bus
Slide 40: CSR and Global Leader
Table of Contents 4-5. [Become Group Contribute CSR Commitment Contribution Targets Reduce Eco-Products: Integrate Transform © Hitachi, Strengthening policy vision by annual CSR a FY2025 into Ltd. to Global to to the Products with CO2 a2010. Environment Corporate truly solution CSR the management em
Slide 41: Contents
Table of Contents 2012 “Growth 1. [Contents] 2. 3. 4. 5. © Key Global Focusing Strengthening FY2012 Hitachi, Mid-term Strategy Driven Growth Ltd. Targets Business Management 2010. by the Strategy Social Business Resources All rights Innovation Plan Structure reserved. on theBusiness” Social to32 Sta
Slide 42: Position by Segment
Table of Contents 5-1. FY2009 Circle Components 5.0 Target % Total 09 3.7 FY2012 Arrows Information Electronic High Materials Social & Digital Automotive Financial Power Construction 100 Operating © Hitachi, Industrial 10 2010 Operating 2.3 5.0 FY2012 Functional 5size Innovation Infrastructure 7% ov
Slide 43: Revenues by Segment
Table of Contents 5-2. Revenues Information Power Construction High Digital Automotive Electronic 10.0 FY2009 10.5 Social 60% © Hitachi, FY2012 5.0 9.0 40% Functional Infrastructure Innovation Systems Media 0FY2012 (Trillion Systems Ltd. & Systems Targets Machinery & Telecommunication 2010. Material
Slide 44: Operating Income and Net Income
Table of Contents 5-2. [Expand Change FY2009 0(Billion FY2012 Operating Income Net Reduce -interests © 5Limited (106.9) Hitachi, listed loss other income FY2012 taxes business company’s yen) attributable Targets Results Operating subsidiaries deductions incurrence income Ltd. attributable Targets 50
Slide 45: FY2012 Targets
Table of Contents 5-4. FY2009 Revenues Operating (2.3%) Net (¥ to D/E Total *Stockholders’ © Including Hitachi, 106.9 income FY2012 Ratio* Hitachi, Results billion) ¥income Ltd. 1.04 noncontrolling attributable 8,968.5 Targets equity Ltd. 2010. atFY2012 times least ¥14.4% billion 202.1 All 0.8 ¥Cons
Slide 46: Conclusion: From Defense to Offense
Table of Contents 5-5. Conclusion From “Defense” to “Offense” FY2010-FY2012: Focus Ventureoninto Global, Fusion, the next 100 Environment years Respond to society’s needs in the Social Innovation Business 37
Slide 47: Cautionary Statement
Table of Contents Cautionary Certain management’s “expect,” information “forward-looking only Factors industrial Media measures; -Indirect The © economic exchange increased rapid fluctuations general the uncertainty Hitachi, factors as potentialStatement possibility &technological of statements that
Slide 48: Inspire the Next - Hitachi
Table of Contents Inspire the Next HITACHI