Hitachi Is Ready to Spend Big on AI, Green Energy, CFO Says

Hitachi Ltd. is ready to spend hundreds of millions of dollars on acquisitions, as it seeks to bolt on new businesses after spending a long period shedding non-core units and strengthening its balance sheet.

The focus will be on green energy and generative artificial intelligence, Chief Financial Officer Tomomi Kato said in an interview Wednesday, adding that the company will vet any deals carefully. “These are extremely risky investments so we need to minimize the chances of failure,” he said.

Hitachi’s shares have tripled over the past two years, giving it a market capitalization of ¥17 ...