Tsutsumi's questions to Hitachi Ltd (HTHIY) leadership • Q3 2024
Question
An analyst identified as Tsutsumi-san asked whether Hitachi Energy's strong performance was driven by market growth or market share gains and inquired about the potential business impact of emerging AI technologies like DeepSeek. He also sought the rationale and objectives behind the recently announced organizational changes, particularly the new strategic Social Innovation Business (SIB).
Answer
Executive Tomomi Kato responded that Hitachi Energy's success is due to both a growing market and an enhanced competitive position, bolstered by technology and digital synergies via Lumada. He viewed new AI as a potential driver for data center demand. Mr. Kato explained the new organization aims to create 'One Hitachi' with digital at its core, and the strategic SIB was formed to capture new growth opportunities in areas like data centers, batteries, and healthcare.