A Message from the CEO

Mitsuaki Nishiyama Chairperson, President and CEO Hitachi Metals, Ltd.

Mitsuaki Nishiyama

Chairperson, President and CEO

Thank you for visiting the Hitachi Metals website.

In its more than 100-year history, Hitachi Metals has continued to grow by integrating diverse human resources, technologies, and products. In this process, we have created unique products and services, including specialty steel, functional components and equipment, magnetic materials and applications, power electronics, as well as wires, cables, and related products. By providing these products and services, we aim to solve social issues together with our customers and to become a high-performance materials company supporting sustainable societies.

On April 28, 2021, Hitachi Metals, Ltd. (hereinafter, “the Company”) announced that it would support the tender offer made for the Company’s shares by a business consortium led by Bain Capital (hereinafter, “the New Partner”). Upon the completion of the tender offer and subsequent procedures, the Company will leave the Hitachi Group and accelerate the implementation of its management plan toward the renewed growth of the Company in collaboration with the New Partner. Under the Medium-term Management Plan announced in October 2020, the Hitachi Metals Group is currently pushing forward with the reforms to establish a profit base for securing a source of future growth investment while executing cost structure reforms aimed at early earnings improvement so as to become a high-performance materials company that supports a sustainable society. To steadily implement this management plan with a degree of expediency, the Company judged it more crucial than ever to acquire stronger financial resources and utilize outside knowledge for the Company’s management. Even after the change in the composition of shareholders as a result of the tender offer, the Company will continue to make further efforts to develop its business while valuing the relationships it has built with its stakeholders and to meet the needs and expectations of society.
In addition, the Company will maintain the current policy on measures to prevent the recurrence of the quality assurance problems and will make every effort to implement the preventative measures recently formulated and announced as a top priority.

We hope this website can help develop stronger relationships with all of our stakeholders and provide an opportunity to deepen your understanding of Hitachi Metals. We appreciate your continued support.

Mitsuaki Nishiyama

Chairperson, President and CEO
Hitachi Metals, Ltd.