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Wednesday, 13 March 2019, 08:11 HKT/SGT
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Source: Hitachi, Ltd.
Hitachi Automotive Systems to Strengthen its Global Organizational Structure
- Aiming for Global Leadership and True Value Creation for Stakeholders -

TOKYO, Mar 13, 2019 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. is strengthening its global organizational structure effective from April 1, 2019, to achieve its ambitions of global leadership and being a true value creator for stakeholders.

Previously, Business Divisions were responsible for business accountability in Japan, while Regional Headquarters were responsible for business accountability outside Japan. However, from April, business accountability will be owned by global product-based Business Divisions and Business Units. In addition, Hitachi Automotive Systems will optimize operations in Regions and strengthen its Global Functions. By doing so, we will increase the value provided to customers and accelerate the creation of innovative products and services.

In recent years, the environment surrounding the automotive industry has undergone significant changes, with intensified competition to develop new technologies such as electrification and AD/ADAS. In addition, new competitors are entering the automotive market, and the worldwide demand for car sharing and mobility services has also increased. In this rapidly changing business environment, automotive suppliers must generate and speedily deliver new solutions, new technologies, and higher value-added products. In response to these market requirements, Hitachi Automotive Systems will promote business optimization through portfolio reorganization and a new corporate strategy to improve global competitiveness.

Based on the new corporate strategy, Hitachi Automotive Systems will strengthen its global organizational structure in three domains to achieve agile and efficient business operations.

Domain 1: Business Divisions & Business Units - Consolidate Business Accountability into Business Divisions

Previously, Business Divisions were responsible for business accountability in Japan, while Regional Headquarters were responsible for business accountability outside Japan. However, from April, business accountability will be owned by globally focused Business Divisions and Business Units, divided by product area. In addition, a Software Division will be newly established, current divisions will be reorganized into the Powertrain & Safety Systems Division and Chassis Division, and the Aftermarket Division will be strengthened. For Divisions that contain Business Units, execution of cross-Business Unit strategies will drive speedy and efficient business operations. Furthermore, each Business Units will own Sales functions that will accelerate creation of innovative solutions meeting customers' future needs.

Domain 2: Regions - Optimize Regional Operations

A Japan Region will be newly established in addition to a Europe Region, China Region, Asia Region, and Americas Region. Regions will concentrate on execution of operational excellence across plants and Business Units, optimizing operations in each Region.

Domain 3: Strengthened Global Functions

Hitachi Automotive Systems will strengthen global governance to provide service and support for efficient business operations through scale, driving consistency in standards and policies.


About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111


Mar 13, 2019 08:11 HKT/SGT
Source: Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501)

Topic: Press release summary
Sectors: Automotive
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