Hitachi eyes big opportunities from nation's drive to upgrade industry

Hitachi Ltd will continue to strengthen its elevator and auto parts businesses, and expand in healthcare, internet of things and new generation of vehicles.

"China is an important market for Hitachi as revenue from China contributed the most to the company of all overseas markets. We will lift the revenue to 1.1 trillion yen ($9.6 billion) in 2018," said Toshiaki Higashihara, president and CEO of Hitachi.

He added that the revenue from the Chinese market reached 1.05 trillion yuan last year.