＜Learn about Hitachi Construction Machinery Group＞
ーClick on the itemー
| １.History of Hitachi Construction Machinery Group |
For more than 70 years since the full-scale introduction of mechanical excavators to the market in 1950, Hitachi Construction Machinery Group has developed a worldwide sales and service network to meet the needs of its customers.
- 1950- First Start-up
- 1970- Establishment of Hitachi Construction Machinery
- 1990- Global Business Expansion
- 2000- Electronic Control and Data Utilization
- 2022- Second Start-up
First Start-up:Mass production of mechanical excavators started.
To support Japan's postwar land reconstruction and economic recovery, the construction machinery division of Hitachi Ltd., the predecessor of Hitachi Construction Machinery Co., Ltd. developed and mass-produced Japan's first mechanical excavator based on purely domestic technology.
Establishment of Hitachi Construction Machinery
In 1970, we became independent from Hitachi, Ltd. as Hitachi Construction Machinery. This enabled us to establish an organizational structure that integrates the development and production of construction machinery with sales and service, and we have remained a leading manufacturer of construction machinery to this day.
Electronic Control and Data Utilization
We are the first companies in the world to market hydraulic excavators equipped with satellite communication functions and has been a pioneer in the use of data from construction machinery. The data we have accumulated over the years is used to repair machinery and detect signs of failure.
Second Start-up
In 2022, there were two major changes for our company. The first was the start of our own business development in the Americas in March 2022. Previously, we had been developing our business in the Americas through a joint venture with Deere＆Company, a local agricultural machinery manufacturer, but we dissolved this partnership and began developing our own business in the Americas. In addition, in August of the same year, Hitachi Ltd. sold approximately half of its shares in Hitachi Construction Machinery to Japan Industrial Partners, Inc. and Itochu Corporation. As a result, we ceased to be a consolidated subsidiary of Hitachi Ltd. and became independent from the Hitachi Group.Although these two events were separate, both represent very significant changes for our company. We regard this as the second start-up of our company and are developing management strategies for further growth.
| ２.Business Portfolio |
Our business portfolio is divided into two segments: the new machinery sales business, centered on hydraulic excavators, and the value chain business, centered on parts and services business.
- New Machinery Sales Business
- Value Chain Business
New Machinery Sales Business
New machinery sales are divided into three categories by size: compact, construction, and mining.
Value Chain Business
The value chain business is the business other than new machinery sale that supports the total life cycle of machinery, such as parts and service business.
In addition to expanding our value chain business, which is less susceptible to economic fluctuations, we are aiming to increase revenue in the Americas, our focus region.
| 3.Strength(Why Choose Us) |
Our strengths are our “Product Appeal” supported by unique R&D and advanced production technology, our “Global Network” that builds deep contacts with customers based on direct sales and service, and our “Digital Solution” that provide customers with the best solutions for work efficiency and asset management.
| ４.Growth Strategies |
Our core strategy is as follows. "Delivering innovative solutions for customer needs" "Enhancing value chain business" "Expanding business in the Americas" "Strengthening human capital and corporate capabilities"
| ５.Shareholder Return Policy |
We will steadily implement our growth strategy to enhance profitability and ensure financial stability, while aiming for a stable and continuous dividend payout ratio of 30% to 40% on a consolidated basis.
| ６.Learn More |
- Businesses
- Financial
- Sustainability
- Innovations
70 years after starting the manufacture of construction machinery, We have become a company with an overseas sales revenue ratio of over 80%. The appeal of Hitachi Construction Machinery is that it explains in an easy-to-understand manner the thoughts of top management, the Medium-term Management Plan that is a guideline for business reforms, and the products and solutions that we provide to our customers.
Check the latest business contents of Hitachi Construction Machinery. In addition, information from the past is shown in graphs for each item, and how business performance has changed so far.
To provide a higher quality of life for all people and future generations, the Hitachi Construction Machinery Group, together with our stakeholders, is committed to working towards a more sustainable society.
Envisioning construction and mining sites of the future where work is safer and easier through developing more efficient, accessible technologies.
