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Inside Hitachi's risk-taking path to profitability

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The Wall Street Journal takes a look at Hitachi president Hiroaki Nakanishi, who in two years has turned the company around from one of its financial lows, well before other rivals realized dramatic action was needed.

hitachi wooo
hitachi wooo

Once a well-known consumer electronics brand, Hitachi has undergone a radical transformation in recent years, and racked up two years of impressive profits in the process. The Wall Street Journal takes a look at the man behind the change, president Hiroaki Nakanishi, who has taken an aggressive approach in turning the company around. Jettisoning unprofitable portions of the company — Hitachi sold off its hard drive business in March, and its television department underwent a dramatic shake-up last year — Nakanishi has instead focused Hitachi on becoming the company that powers our devices behind the scenes. It's a dramatic two-year transformation, and one that Nakanishi was able to pull off well before rivals like Sony realized dramatic steps were needed. If you're curious to read how he did it — and you happen to be a WSJ subscriber — the article is definitely worth the read.