Odaira coined the company's toponymic name by superimposing two kanji characters: hi meaning "sun" and tachi meaning "rise". Odaira moved headquarters to Tokyo in 1918. The company began as an in-house venture of Fusanosuke Kuhara's mining company in Hitachi, Ibaraki. The company's first product was Japan's first 4-kilowatt (5 hp) induction motor, initially developed for use in copper mining. Hitachi was founded in 1910 by electrical engineer Namihei Odaira (1874–1951) in Ibaraki Prefecture. History 1968–1992 Hitachi logo, in which visible is the symbol on the left that is still used as its corporate symbol ( monshō) and in favicons of some of the group companies like Hitachi Rail and Hitachi Astemo It is ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices. As of 2020, Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure. It is the parent company of the Hitachi Group ( Hitachi Gurūpu) and had formed part of the Nissan zaibatsu and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank (the core Fuyo Group company) merged into the Mizuho Financial Group. ( Japanese pronunciation: ) is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan.
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