Product Excellence and Global Expansion - Hitachi Koki Co., Ltd.
Product Excellence and Global Expansion - Hitachi Koki Co., Ltd.
Product Excellence and Global Expansion - Hitachi Koki Co., Ltd.
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<strong>Co</strong>rporate Data (As of March 31, 2010)<br />
<strong>Hitachi</strong> <strong>Koki</strong> <strong>Co</strong>., <strong>Ltd</strong>.<br />
Founded<br />
December 18, 1948<br />
Headquarters<br />
Shinagawa Intercity Tower A, 20th Floor,<br />
15-1, Konan 2-chome, Minato-ku, Tokyo 108-6020, Japan<br />
Tel: 81-3-5783-0601<br />
Katsuta Plant<br />
1060 Takeda, <strong>Hitachi</strong>naka, Ibaraki 312-8502, Japan<br />
Tel: 81-29-273-8111<br />
Representative<br />
President & Director, COO Kiyoshi Kato<br />
Capital<br />
¥17,813 million<br />
Employees (<strong>Co</strong>nsolidated)<br />
4,653<br />
History<br />
December 1948<br />
Founded (product lineup: power tools)<br />
May 1949<br />
Lists on the Tokyo Stock Exchange <strong>and</strong> Osaka Securities Exchange<br />
November 1954<br />
<strong>Product</strong>ion begins for Chemical Instruments products<br />
(currently Life-Science Instruments)<br />
<strong>Co</strong>rdless screwdriver<br />
June 1963<br />
<strong>Product</strong>ion begins for printers (line printers for large-frame computers)<br />
November 1971<br />
Transfer of domestic power tool sales business from <strong>Hitachi</strong>, <strong>Ltd</strong>.<br />
April 1973<br />
Transfer of power tool export business from <strong>Hitachi</strong>, <strong>Ltd</strong>.<br />
Rotary hammer<br />
October 2002<br />
Transfer of printer business to <strong>Hitachi</strong>, <strong>Ltd</strong>.<br />
January 2005<br />
Markt & <strong>Co</strong> AS* of Norway (currently <strong>Hitachi</strong> Power Tools Norway AS)<br />
becomes a subsidiary through share acquisition<br />
March 2005<br />
Sankyo Diamond Industrial <strong>Co</strong>., <strong>Ltd</strong>.* becomes a subsidiary through share<br />
acquisition<br />
Diamond cutter<br />
April 2007<br />
Nikko Tanaka Engineering <strong>Co</strong>., <strong>Ltd</strong>.* established (engine tools business of<br />
Tanaka Kogyo <strong>Co</strong>., <strong>Ltd</strong>. transferred in May 2007)<br />
March 2009<br />
<strong>Hitachi</strong>, <strong>Ltd</strong>. becomes the parent company of <strong>Hitachi</strong> <strong>Koki</strong> <strong>Co</strong>., <strong>Ltd</strong>. as a result<br />
of a tender offer that increased its ownership of the voting rights of <strong>Hitachi</strong><br />
<strong>Koki</strong> from 38.97% to 51.07%.<br />
<strong>Hitachi</strong> intends to maintain the listing of <strong>Hitachi</strong> <strong>Koki</strong>’s stock <strong>and</strong> to<br />
preserve its independent management as a listed company. <strong>Hitachi</strong><br />
therefore has no plans to make any substantial changes to the<br />
management policies or areas of operation of the <strong>Hitachi</strong> <strong>Koki</strong> Group.<br />
* Accounted for as a consolidated subsidiary as of the end of the fiscal year under review.<br />
Outdoor power equipment<br />
34 <strong>Hitachi</strong> <strong>Koki</strong> ANNUAL REPORT 2010
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