Hitachi (日立市, Hitachi-shi) is a city located in Ibaraki Prefecture, Japan. As of 1 January 2024, the city had an estimated population of 165,822 in 76,702 households and a population density of 735 persons per km. The percentage of the population aged over 65 was 32.7%. The total area of the city is 225.71 square kilometres (87.15 sq mi). Hitachi is well known in the world for its brand name of electric products, including power plants and appliances, of the Hitachi company founded in the town in 1910 by Namihei Odaira with considerable properties as its factories in the city.
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👉 Hitachi, Ibaraki in the context of Ibaraki Prefecture
Ibaraki Prefecture (茨城県, Ibaraki-ken; Japanese pronunciation: [i.baꜜ.ɾa.kʲi, i.ba.ɾa.kʲi̥ꜜ.keɴ, i.ba.ɾaꜜ.kʲi̥.keɴ]) is a prefecture of Japan located in the Kantō region of Honshu. Ibaraki Prefecture has a population of 2,828,086 (1 July 2023) and has a geographic area of 6,097.19 square kilometres (2,354.14 square miles). Ibaraki Prefecture borders Fukushima Prefecture to the north, Tochigi Prefecture to the northwest, Saitama Prefecture to the southwest, Chiba Prefecture to the south, and the Pacific Ocean to the east.
Mito, the capital, is the largest city in Ibaraki Prefecture. Other major cities include Tsukuba, Hitachi, and Hitachinaka. Ibaraki Prefecture is located on Japan's eastern Pacific coast to the northeast of Tokyo, and is part of the Greater Tokyo Area, the most populous metropolitan area in the world. Ibaraki Prefecture features Lake Kasumigaura, the second-largest lake in Japan; the Tone River, Japan's second-longest river and largest drainage basin; and Mount Tsukuba, one of the most famous mountains in Japan. Ibaraki Prefecture is also home to Kairaku-en, one of the Three Great Gardens of Japan, and is an important center for the martial art of Aikido.
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Hitachi, Ibaraki in the context of Hitachi
Hitachi, Ltd. (Japanese pronunciation: [çi̥taꜜtɕi]) is a Japanese multinational conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable energy, railway systems, healthcare products, and financial systems. The company was founded as an electrical machinery manufacturing subsidiary of the Kuhara Mining Plant in Hitachi, Ibaraki by engineer Namihei Odaira in 1910. It began operating as an independent company under its current name in 1920.
Hitachi is listed on the Tokyo Stock Exchange and is a key component of the Nikkei 225 and TOPIX Core30 indices. As of June 2024, it has a market capitalisation of 16.9 trillion yen, making it the fourth largest Japanese company by market value. In terms of global recognition, Hitachi was ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. Hitachi is a highly globalised conglomerate. In the fiscal year 2023, it generated approximately 61% of its total revenue of 9.7 trillion yen from international markets. The major contributors to this global revenue were Asia, Europe, and North America, with each region accounting for 22%, 16%, and 16% of the total revenue, respectively.