Revival of Hitachi and lessons learnt

Hitachi has staged an impressive turnaround, booking a record 347 billion yen ($4 billion) in net profit in the year through March 2012 as against its 787 billion yen, or $9.2 billion, loss in 2009, while rivals like Sony, Sharp and Panasonic continue to struggle in FY 2012.
Hitachi, a city of 190,00 and the company’s longtime production hub, there is little celebrating. Instead, the deserted streets and shuttered workshops speak of the heavy toll levied by the aggressive streamlining,

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