Hitachi Finally Sells Even Its Household Appliance Business: Kawamura Reforms Japanese-Style Governance, Eliminating Leniency Through Diversity

Hitachi, Ltd. has reportedly decided to sell its household appliance business, while diversity is said to strengthen governance as the company advances Japanese-style governance reforms.

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The story

Hitachi, Ltd. has reportedly decided to sell its household appliance business.

The decision is said to have been made amid recognition that the business model of one of Japan's leading diversified electronics manufacturers is beginning to break down.

Diversity is said to strengthen governance as a factor supporting the reforms.

At a glance

EventHitachi, Ltd. has decided to sell its household appliance business.

BackgroundIt has been reported that the business model of diversified electronics manufacturers is beginning to break down.

NatureThe view that diversity strengthens governance has been cited as a factor behind the reforms.

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