Tokyo, Japan, July 24 - Hitachi, Ltd. (TSE:6501, NYSE:HIT, Hitachi)
and Hitachi Telecom Technologies, Ltd. (President: Yukio Kawamoto;
hereinafter "Hitachi Telecom") today announced the corporate name
and management for a new company, which was the subject of a prior
announcement made on April 24, 2002, "Hitachi Reorganizing Operations
to Strengthen Hitachi Group's Telecommunication Equipment Business."
Accelerated convergence of computers and communications and progress
with broadband technology are combining to bring a "ubiquitous information
society" ever closer to becoming a reality. As this happens, the volume
of data sent around networks is expected to grow phenomenally, creating
increasing demand for communications network solutions services, particularly
related to IP (Internet Protocol) networks. Meanwhile, the telecommunications
equipment market is witnessing escalating competition as national
borders give way to market forces. At the same time, technological
innovation is propelling us toward IP-based, open networks. Hitachi
is conscious of the need to bolster its competitiveness on the world
stage in light of these trends. This is being accomplished through
greater selection and concentration of resources to create speedier,
more efficient businesses.
The new company will be formed by separating Hitachi's Telecommunication
Systems Division along with other Hitachi departments that handle
marketing and support services for telecommunications equipment operations,
and integrating these units with Hitachi Telecom. The separation and
integration takes advantage of Japan's new corporate split-off system.
The new company will be a core entity, providing products that support
the Hitachi Group in offering communications network solutions, a
central focus of its systems solutions business. The new company will
integrate everything from development and manufacturing to sales and
maintenance of telephone switching equipment for the public and private
sectors, optical transmission equipment, base stations for mobile
communications systems, IP-related equipment and network equipment.
This will significantly strengthen the Hitachi Group's communications
network solutions business.
Details of the new company are as follows.
Profile of the New Company
| 1. Company name |
Hitachi Communication Technologies,
Ltd. |
| 2. Capital |
¥3.0 billion |
| 3. Main business lines |
Manufacturing and sales
of communications-related equipment |
| 4. President |
Yukio Kawamoto (Presently
President, Hitachi Telecom) |
| 5. Start of operations |
October 1, 2002 |
| 6. Address |
(Head office) D Building,
Omori Bellport, 6-26, Minami-ohi, Shinagawa-ku, Tokyo
(Manufacturing bases) 216, Totsuka-cho, Totsuka-ku, Yokohama,
Kanagawa 94, Aza Funabamukai, Kooriyamashi, Fukushima |
| 7. No. of employees |
Approx. 1,540 |
| 8. Net sales |
Approx. ¥60 billion
(projected figure for the fiscal year ending March 31, 2003) |
| 9. Management |
|
| President and Director |
Yukio Kawamoto (President,
Hitachi Telecom) |
| Senior Managing Director |
Eiji Aoki (Head, Managing
Officer President, Telecommunication Systems Division, Hitachi) |
| Managing Directors |
Kenzo Tamaki (Managing
Director, Hitachi Telecom)
Tetsuaki Egawa (Managing Director, Hitachi Telecom) |
| Directors (Part time) |
Kunihiro Kamiya (Managing
Officer, Chief Operating Officer, Information Business Group,
Hitachi)
Kazuo Furukawa (Administrative Officer, Chief Operating Officer,
Information & Telecommunication Systems, Hitachi) |
| Executive Officers |
Hiroatsu Suzuki (Presently
Director, Hitachi Telecom)
Hiroshi Yamazaki (Director, Hitachi Telecom)
Tokuoki Nishikawa (Director, Hitachi Telecom)
Yoshihiro Miyano (Vice President, Telecommunication Systems Division,
Information & Telecommunication Systems Group, Hitachi)
Tsutomu Hayashi (Senior Vice President, Telecommunications Network
Sales Division, Industrial & Infrastructure Information Systems
Sales Management Division, Hitachi)
Ken Masuda (Executive Vice President, Telecommunication Systems
Division, Information & Telecommunication Systems Group, Hitachi)
|
| Corporate Auditor |
Masanori Ariyoshi (Corporate
Auditor, Hitachi Telecom) |
| Auditors (part time) |
Hiroshi Yamauchi (Senior
Manager, Group Management Office, Hitachi)
Kazuo Yoshioka (General Manager, Finance Department, Information
Business Group, Hitachi) |
About Hitachi
Hitachi, Ltd., headquartered in Tokyo, Japan, is a leading global
electronics company, with approximately 320,000 employees worldwide.
Fiscal 2001 (ended March 31, 2002) consolidated sales totaled 7,994
billion yen ($60.1 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 and financial services. For more information on Hitachi,
please visit the company's Web site at http://global.hitachi.com.
About Hitachi Telecom
Hitachi Telecom Technologies, Ltd., in Fukushima, Japan is a wholly
owned subsidiary of Hitachi, Ltd. The company manufactures and markets
to corporate customers products such as PBX-and IP related products.
For more information on Hitachi Telecom Technologies, please visit
its Web site at http://www.hitachi-telecom.co.jp/
Reference: Abridged Biography
Name: Yukio Kawamoto
Date and place of birth: Aug. 1936, Osaka
Abridged biography:
| Mar. |
1959 |
Kyoto University, Electrical Engineering |
| Apl. |
1959 |
Joined Hitachi, Ltd. |
| Sep. |
1966 |
Completed masters degree at University
of California |
| Aug. |
1981 |
Appointed Deputy General Manager, Central
Research Laboratory, Hitachi |
| Jun. |
1985 |
Appointed General Manager, Hitachi Research
Laboratory |
| Jun. |
1989 |
Appointed Head, New Media Development |
| Feb. |
1990 |
Appointed General Manager, Information
& Image System Division |
| Jun. |
1991 |
Appointed Director |
| Jun. |
1993 |
Appointed Managing Director |
| Jun. |
1995 |
Appointed President, Hitachi Information
Network, Ltd. |
| Jun. |
1999 |
Appointed President, Hitachi Telecom
Technologies, Ltd. |
|
