Hitachi aims to provide value to our customers and to society through the realization of a sustainable society.
The IT departments have formulated the 2024 Hitachi Group IT Medium-Term Plan in line with Hitachi's growth strategy. The plan seeks to transform IT so that it will contribute to the expansion of social innovation businesses worldwide.
We have formulated the 2024 Hitachi Group IT Medium-Term Plan based on the 2024 Medium-Term Management Plan.
Under the 2024 Hitachi Group IT Medium-Term Plan, our goal is to contribute to the expansion of social innovation businesses worldwide and to achieve cost levels and data utilization that rank among the best in the world. We will accomplish this by constructing a digital management platform and restructuring IT.
Our IT departments are currently implementing the 2024 Hitachi Group IT Medium-Term Plan, for which building a digital management platform and IT structural reforms are set as the Plan's main initiatives. We are steadily implementing the key measures outlined here and producing results while contributing to business expansion and the implementation of digital management.
The mission of our IT departments is to become an agile and trusted partner that contributes to accelerating digitalization and business growth by providing technology, human resources, and solutions. To this end, we are accelerating the realization of digital management by developing a standardized shared IT platform and infrastructure tools that accelerate data utilization, while also working to revamp our internal processes to make them more efficient.
Additionally, by consolidating and reorganizing legacy IT#1 assets, optimizing IT service costs, carrying out cloud lift and shift, and utilizing new technologies, we will implement structural reforms of IT assets, costs, resources, and governance, thereby curbing increases in fixed IT costs.
In addition, to enhance diversity and respond to changes in the business environment and to increasing risks, we are strengthening our IT resilience and controls by adopting a more flexible IT architecture and establishing and reviewing various IT rules and guidelines.
Hitachi will continue to provide value to customers and society in a wide range of industries with Digital, Green, and Connected approaches as transformation drivers. In addition, BUs#3 and Hitachi Group companies are promoting strategies such as creating new digital businesses, achieving environmental targets, and strengthening and diversifying human resources. Our IT departments will support these growth strategies and contribute to their completion through the use of IT, digital and advanced technologies, the establishment of a shared platform, work style reforms, and human resource development.
Furthermore, as a result of our business portfolio reforms, Hitachi's business assets have become significantly globalized and the proportion of overseas sales is expanding. As a result, compared to the previous fiscal year, IT costs and the ratio of IT personnel based overseas have increased by approximately 5%, and we are working to strengthen our global response capabilities. We will support Hitachi's business operations by creating an IT environment that can quickly respond to business restructuring and globalization due to future changes such as M&A (mergers and acquisitions), and a structure that prevents IT costs from increasing even as our business grows.
