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about Hitachi Cable

Originally founded in 1918 as Densen Works to manufacture wires, cables and copper products on the premises of Hitachi Ltd., Hitachi Cable became an independent spin-off of Hitachi in 1956. Since then, it has played a pivotal role within the Hitachi Group as a manufacturer of electric wires and cables-components essential for ensuring a stable power supply, as well as reliable equipment for the information and communications industry-while striving to develop and refine the new communication and transmission technologies demanded by the information and energy sectors.

Today, Hitachi Cable offers a wide range of products and services, including products ranging from electric wires, cables, and copper products to electronic materials, automobile parts, and even information network devices and system integration solutions. Its long continued expansion of operations internationally has given Hitachi Cable production and sales bases in 44 locations around the world, with the concomitant capacity to support client operations from a truly global perspective.

History

January 1918            Densen Works was constructed on the premises of Hitachi, Ltd.'s Hitachi Works (the present Yamate Works) to manufacture wires, cables and copper products.
December 1924    Densen Works was moved to its current location and gradually expanded its product lineup.
September 1947    Densen Works spun off from Hitachi Works and renamed Hitachi Densen Works (the present Densen Works of Hitachi Cable, Ltd.).
April 1956            Hitachi Cable, Ltd. was established.*1
October 1956            Hitachi, Ltd., transferred operations related to wires, cables and copper products to Hitachi Cable, Ltd. and Hitachi Cable commenced operation.
September 1957    Began construction of Hitaka Works.
October 1961      Listed stock on the Second Section of the Tokyo Stock Exchange and the Osaka Securities Exchange. Kyosan Cable, Ltd., and Hanashima Electric Wire Co., Ltd. (present Hitachi Magnet Wire Corp.) listed their stocks on the Second Section of the Tokyo Stock Exchange.
February 1962    Changed listing from the Second to the First Section of the Tokyo Stock Exchange and the Osaka Securities Exchange.
October 1962      Began construction of Tsuchiura Works.
April 1965            Began construction of Toyoura Works.
July 1967             Merged to change the par value of shares.
August 1968            Established the Research Laboratory.
July 1978                    Hanashima Electric Wire Co., Ltd., was delisted from the Second Section of the Tokyo Stock Exchange, but its stock acquired OTC trading status on the Japan Securities Dealers Association Quotation System (JASDAQ).
July 1980              Began construction of Takasago Works.
November 1988    Began construction of Minato Works.
October 1990            Tonichi Cable, Ltd.'s stock acquired OTC trading status on JASDAQ.
October 1991            Kyosan Cable, Ltd., was delisted from the Second Section of the Tokyo Stock Exchange and listed as a non-OTC stock on JASDAQ.
June 1993            Kyosan Cable, Ltd.'s stock acquired OTC trading status on JASDAQ.
February 2000    Introduced a Business Group system.
April 2000            Tonichi Cable, Ltd., merged with Kyosan Cable, Ltd., Tonichi Cable, Ltd., was renamed Tonichi Kyosan Cable, Ltd.
October 2001            Transferred operations related to design, manufacture and export of high voltage power cables, overhead transmission lines, their accessories and related systems to J-Power Systems Corp.
January 2002            Hanashima Electric Wire Co., Ltd.'s stock lost its OTC trading status on JASDAQ.
February 2002    Hanashima Electric Wire Co., Ltd. became a wholly owned subsidiary through a stock swap.
January 2003            Operations launched at Sumiden Hitachi Cable Ltd., to which the wire & cable business for construction and power sales was trasferred.
June 2003            Shifted to a company which adopted the Committee System.
February 2004    Tonichi Kyosan Cable, Ltd. revokes OTC trading status in JASDAQ.
March 2004            Tonichi Kyosan Cable, Ltd. becomes a wholly owned subsidiary through a stock swap.
April 2006            Optical-fiber cable and optical-fiber wiring devices business transferred to Advanced Cable Systems corp.


Organization




Corporate Vision


Message From the President



On July 1st 2013, Hitachi Cable, Ltd. will integrate with Hitachi Metals, Ltd., taking its first step as a new company.
Since its spin-off from Hitachi, Ltd., Hitachi Cable has remained committed to developing products and services to provide even greater speed, accuracy and efficiency in the areas of power and information transmission, thereby contributing to the development of society over the past half century. At present, we are implementing strategies for the reinforcement of the management foundation, business structure reforms and global growth to emerge as a highly profitable enterprise. However, we must admit that external conditions have drastically changed in recent years and competition is expected to be further intensified in the market segments in which we conduct business.


In order to respond properly to the changes in operating conditions and to attain sustained global growth over the next half century, we have decided on business integration with Hitachi Metals. The two companies plan to expand business domains, accelerate global expansion, and make our operations more efficient and of higher quality by combining business resources, devising business proposals that leverage the products and technologies of both companies, effectively utilizing our domestic and overseas facilities, and learning business processes and knowhow from each other. To this end, Hitachi Cable will work on the following items.

First, during fiscal 2012, which is the final year of the Medium-term Management Plan, Renewed Plan "BRIDGE," we will accomplish the goals set forth in the plan, reinforcing management foundations and reforming business structure. We will meet the Medium-term Management Plan goals to successfully bring about the integration with Hitachi Metals and to expand our businesses even further. Across our businesses, we will undertake selection and concentration of product groups, establish a globally optimized operating structure, accelerate overseas expansion with a view to collaborating with local partners, and cultivate promising markets.

In addition, we will reaffirm our commitment to practicing the Basics and Ethics. As a member of society, we will thoroughly fulfill our corporate social responsibilities (CSR) in compliance, environmental protection, safety, respect for human rights and information security management, thereby ensuring sincere and honest corporate management.

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