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「Hitachi Construction Machinery Co., Ltd. (日立建機)」is a Japanese construction machinery manufacturing company and a member of the 「Hitachi Group.」 At present, They manufacture and sell construction machinery and mining industrial equipment, which are mainly shovel cars. In the field of construction machinery, this company is the third largest in the world after「Catapiller」and 「Komatsu Ltd.(小松製作所)」. The number of consolidated employees is approximately 24,591.
1. Company Profile
2. Summary and Features
3. Major Business
4. Financial Information
1. Company Profile
※Unit is JPY million, as of 2019
Company name |
Hitachi Construction Machinery Co., Ltd. |
Company name (Japanese) |
日立建機 |
Date of establishment |
Thursday, October 1, 1970 |
Headquarters location |
〒110-0015 東京都台東区東上野二丁目16番1号 |
Capital |
81,577 |
Consolidated sales |
1,033,703 |
Consolidated operating profit |
116,841 |
Consolidated total assets |
1,185,256 |
Consolidated capital |
542,661 |
Capital adequacy ratio |
45.8% |
Consolidated number of employees |
24,591 |
2. Summary and Features
The construction machinery manufacturing division of「Hitachi, Ltd.,」which was spun off as of November 1969, and that is the beginning of「Hitachi Construction Machinery」. Currently, in the construction machinery field, this company ranks third in the world after「Catapiller」and「Komatsu」. Although it is later than「Komatsu」they started to expand their business in Europe, Asia and Oceania since the late 1990s. The overseas sales account for about 70%.
The biggest feature of「Hitachi Construction Machinery」is in Japan, they are the first company to start the production of mechanical excavator cars. In the「Hitachi」period of 1949, they have developed "U05", which is the prototype of the current hydraulic excavator car, with purely Japanese domestic technology. In 1971, the world's first fully hydraulic excavator car was developed by them. Currently, they have a 30% share of the world market for super-large excavator cars used in mines, and they also have a 20% share of the world for general excavator cars. 。
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As a member of the「Hitachi Group」, this company also has an advantage in electrical and IT related technology that obtained by Hitachi. So, compare with the competitors such as「Komatsu」and「Catapiller」, 「Hitachi Construction Machinery」has considerable advantage in IT field. Because of this, even though this company is latecomer in the construction machinery industry, they were managed to become 3rd largest company in their field.
On the other hand, the weakness of「Hitachi Construction Machinery」is that they do not manufacture core parts such as engines in-house. Actually, they outsources the development and manufacturing to other automobile manufacturers. In addition, compare to「Komatsu」and「Catapiller」, the lineup of construction machinery is not wide. For example, this company do not handle bulldozers and underground excavation related products.
As for the sales ratio, 「Hitachi Construction Machinery」depends heavily on the excavator business. Therefore, their business performance is easy to get impact by the trends of the world construction market. For example, at the time of the Subprime mortgage crisis, when the demand for construction machinery fell sharply, their sales was also sharply fell. To overcome this, they purchased both「H-E Parts」and「Bradken」with the goal of strengthening the mining sector in 2016. Fortunately, demand for construction machinery has begun to recover since 2018.
3. Major Business
■ Construction machinery business
They handle ultra-large shovels of 100 tons or more and dump trucks of 150 tons or more. However, 「Hitachi Construction Machinery」has entered the mining field since 2008, so they are definitely latecomer.That is why this company does not support underground excavation, yet.
■ Solution service
This is an after-sales service business for the mining business, which consists of「H-E Parts」and「Bradken」purchased in 2016, and deals with consumables and repairs.
4. Financial information
※Unit is JPY million
|
2016 |
2017 |
2018 |
|
Consolidated sales |
753,947 |
959,153 |
1,033,703 |
|
Consolidated operating profit |
28,265 |
93,582 |
116,841 |
|
Consolidated total assets |
1,012,208 |
1,089,796 |
1,185,256 |
|
Consolidated net assets |
450,430 |
505,030 |
542,661 |
|
Breakdown of sales |
Construction machinery business |
747,256 |
866,866 |
937,727 |
Solution service |
6,691 |
92,287 |
95,976 |
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