Hitachi’s New Year’s Message: Global Innovation and Growth Plans 2025

Tokyo, January 6, 2025 Hitachi, Ltd. announced today that Noriharu Amiya, Executive Vice President and CEO of Hitachi Building Systems Business Unit, delivered his New Year’s message to employees. The text of Hitachi’s New Year’s message was as follows:

“Happy New Year. I would like to thank all of you who are working hard to protect the safety, security and comfort of urban life around the world during the New Year holidays. As 2025 begins, the challenges of the business environment continue, including sharp increases in raw material and labor costs worldwide, and a decline in demand for new elevator installations. Meanwhile, we are making strong progress towards achieving the adjusted budget target of 11.3% in fiscal 2024. Once again, I would like to thank everyone for their efforts.

For the next medium-term management plan, we have set our ideal future as achieving a global leading position in the elevator, escalator and building systems industry. We are discussing numerical targets for the next medium-term management plan and growth strategies to achieve ideal figures.

Our strength lies in our knowledge of installation, maintenance, remote monitoring and control, and data on equipment maintenance efficiency and equipment operation efficiency.

Now, how can we better leverage this strength to grow our elevator and escalator business, which is the main pillar of our growth, from new installations to maintenance and renovation services? We will generate revenue and profit growth by carefully formulating segment strategies, clarifying the markets we should target, and executing strategies.

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Hitachi introduces building management methods with the Internet of Things

Hitachi’s New Year’s message also mentions plans to expand its building IoT solution, BuilMirai. Last December, we began airing a new TV commercial to promote it in Japan. We are currently working with GlobalLogic to develop a global standard model using digital engineering methods, and we plan to release it in fiscal 2025.

Green and smart buildings are not something we can achieve alone. We will work with our partners in the Connectivity Industries Division, the Digital Systems and Services Division including GlobalLogic, and the Green Energy and Mobility Division including Hitachi Energy, to become a global leader in this field.

Hitachi’s New Year message reflects the importance of innovation, global collaboration, and sustainable development in the company’s future plans.

Source:

https://www.hitachi.com/businesses/elevator/news/250106.html