Hitachi, Ltd.’s sense of crisis is the subject of a new series, and President and CEO Tokunaga Toshiaki (徳永俊昭) openly expressed his frustration at the company’s head office. The series examines the possibility of complacency lurking behind its record profit.
In Hitachi, Ltd.’s new series “Hitachi’s Enemy Is Hitachi,” President and CEO Tokunaga Toshiaki (徳永俊昭) is depicted in July in a conference room at Hitachi’s head office in front of Tokyo Station, being told that complacency exists within the company. The article points out that tension and frustration are spreading among executives as Hitachi emerges from past difficulties and achieves record profit.
The article also touches on Hitachi, Ltd.’s past financial performance. There was a period when the company posted a net loss of more than ¥780 billion, said to be among its largest ever, and it is described as having achieved a V-shaped recovery over the approximately 20 years since then. The focus now is on how to realize a “true One Hitachi.”
The series’ themes include President Tokunaga’s leadership style, the direction of organizational reform, the promotion of agility and digitalization, and the merits of its acquisition strategy. Readers are expected to focus on the growth challenges facing Hitachi and how its internal governance and integration should be pursued.
In line with the series title, future reporting is expected to examine in greater depth the issues surrounding Hitachi’s governance reforms and international expansion, as well as developments to come.