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“What kind of company will Hitachi be ten years from now?”
My thoughts on this topic are clear: “Hitachi must be the kind of company whose very name is synonymous with innovation.”
Hitachi delivers innovations that answer society's challenges. With our talented team and proven experience in global markets, we can inspire the world.
This is Hitachi's global vision, and it is up to us to make it a reality-to help establish a sustainable global society through our business operations.
Hitachi is currently moving forward with its 2018 Mid-term Management Plan, targeting fiscal 2018. In the first year of the plan, fiscal 2016, we enacted a range of reforms to lay a strong foundation for future growth. Strong organic growth in individual businesses drove revenues, adjusted operating income, EBIT, and net income attributable to Hitachi, Ltd. stockholders to levels exceeding the forecasts we announced at the beginning of the fiscal year. The company's ROA and free cash flow have improved, and all promises made to the market have been fulfilled.
Internal reforms included work on the selection and concentration of businesses. We made decisive progress on deconsolidating our three listed subsidiaries (Hitachi Transport System, Ltd., Hitachi Capital Corporation, and Hitachi Koki Co., Ltd.) and enacting structural reforms for less profitable businesses. We also continued our transition from a product-out organizational structure to a market-driven one, and our launch of the Lumada IoT platform will enable us to create enormous new value moving forward.
In fact, we are currently redesigning our entire business model around the axis of Lumada. Many businesses around the world provide consulting, products, or system integration (SI) separately, but we believe that only Hitachi can deliver full, end-to-end solutions, from exploring customer issues to constructing and maintaining actual systems. We have focused on our Social Innovation Business, combining our strengths in OT (operational technology), IT, and products, and we see this as our past achievements and current initiatives bear fruit globally. Our shareholders tell us that they agree with this assessment of our strengths and our approach to reform. They are voicing their approval of our strategic direction and urging us to move swiftly toward realizing its potential. We are determined to live up to these expectations. In fiscal 2017, we will shift into high gear, accelerating our activities in a range of fields globally in order to leap ahead.
Hitachi is a gathering of professionals with diverse experience, knowledge, skills, and ideas. It is also a company with numerous businesses and product lines that make the world better. As CEO of Hitachi, by leveraging those strengths into One Hitachi, I will develop the company into one which always goes one step beyond when creating value.
The slogan of Hitachi’s current global brand campaign is
THE FUTURE IS OPEN TO SUGGESTIONS.
This represents our determination to contribute to building the future through open innovation arising from collaborative creation with our customers and partners.
I invite you to keep watching Hitachi as we shift into high gear to leap ahead.
President & CEO