Hitachi vs Klarna: Founders, CEOs and History
Hitachi was founded in 1910 by Namihei Odaira and is led by Toshiaki Tokunaga. Klarna was founded in 2005 by Sebastian Siemiatkowski, Niklas Adalberth, Victor Jacobsson and is led by Sebastian Siemiatkowski.
Company facts
Founders
Hitachi
Namihei Odaira
Hitachi possesses a historic, foundational founding story, rooted in the industrialization of early 20th-century Japan and driven by a nationalist obsession with technological independence.
Klarna
Sebastian Siemiatkowski
Sebastian Siemiatkowski, born in 1981 in Sweden to Polish immigrant parents, co-founded Klarna (originally Kreditor) with Niklas Adalberth and Victor Jacobsson in 2005.
Niklas Adalberth
Niklas Adalberth co-founded Klarna in 2005 with Sebastian Siemiatkowski and Victor Jacobsson and helped run the business during its expansion as Deputy CEO.
Victor Jacobsson
Victor Jacobsson co-founded Klarna in 2005 with Sebastian Siemiatkowski and Niklas Adalberth.
CEOs and their tenures
Hitachi
- Toshiaki Higashihara2016–2022
Former President and Chief Executive Officer
Shifted Hitachi from a sprawling conglomerate toward infrastructure and digital businesses.
Source - Keiji Kojima2022–2025
Executive Chairman (CEO 2022-2025)
Finished much of the portfolio cleanup and handed over a more focused group to Tokunaga.
Source - Toshiaki Tokunaga2025–present
President and Chief Executive Officer
Brings an energy and rail background to the top job as Hitachi Energy and Hitachi Rail drive more of the group's growth.
Source
Klarna
- Sebastian Siemiatkowski2005–present
Co-founder and Chief Executive Officer
Has led Klarna since its founding, growing it from a Stockholm invoice startup into a $3.5 billion-revenue public company.
Source - Niklas Adalberth2005–2015
Co-founder, former Deputy CEO
As Co-Founder, he served as Deputy CEO, scaling the company across Europe before resigning in 2015 to found the Norrsken Foundation, a tech-focused philanthropic fund.
Source - Niclas Neglén2021–present
Chief Financial Officer
As CFO, he engineered the severe cost-cutting measures required to drive the company back toward profitability ahead of its highly anticipated US IPO.
Source
Timeline: Hitachi and Klarna side by side
1910Hitachi
Founding and First Induction Motor
Namihei Odaira establishes the machinery repair shop that becomes Hitachi, and develops Japan's first 5-horsepower induction motor, establishing the foundation for the company's dominance in electrical engineering.
1932Hitachi
Expansion into Railway Technology
Hitachi begins manufacturing electric locomotives and rail signaling systems, establishing a deep, institutionalized relationship with the Japanese national railway network that would evolve into the modern Hitachi Rail division.
1959Hitachi
Entry into Computing and Electronics
Hitachi develops its first electronic computer, the HITAC, marking the company's strategic entry into the information technology sector and laying the groundwork for its future digital systems business.
2005Klarna
Founded as Kreditor
Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson launch an invoice-after-delivery service for Swedish online shops.
2009Klarna
Renamed Klarna
Kreditor is rebranded as Klarna and expands across the Nordics and into Germany and the Netherlands.
2014Klarna
Acquires SOFORT
Klarna completes its purchase of German bank-transfer payment provider SOFORT, giving it scale in the DACH region.
2016Hitachi
Toshiaki Higashihara becomes CEO
Toshiaki Higashihara became CEO of Hitachi in 2016. Shifted Hitachi from a sprawling conglomerate toward infrastructure and digital businesses.
2017Klarna
Swedish banking licence
Klarna receives a full banking licence from the Swedish Financial Supervisory Authority, operating as Klarna Bank AB.
2020Hitachi
Acquisition of ABB's Power Grids Business
Hitachi executes the $11 billion acquisition of ABB's Power Grids business, renaming it Hitachi Energy and instantly establishing the company as the global leader in HVDC transmission and grid infrastructure.
2021Hitachi
Acquisition of GlobalLogic
The company acquires the global digital engineering firm GlobalLogic for $9.6 billion, instantly establishing Hitachi as a top-tier provider of advanced software and product design services for the automotive and telecommunications sectors.
2021Klarna
$45.6 billion valuation
A SoftBank-led funding round values Klarna at $45.6 billion during the pandemic e-commerce boom.
2022Hitachi
Hitachi Construction Machinery Stake Sale
Hitachi sold a controlling stake in Hitachi Construction Machinery to Itochu and Japan Industrial Partners, part of its exit from cyclical listed subsidiaries.
2022Klarna
Valuation reset and layoffs
Klarna cuts about 10% of staff in May and raises money in July at a $6.7 billion valuation.
2024Hitachi
Acquired Thales Ground Transportation Systems
Hitachi acquired Thales Ground Transportation Systems. Hitachi Rail completed its ~$1.88 billion (EUR 1.66 billion) acquisition of Thales's Ground Transportation Systems business, its rail signalling division, expanding Hitachi Rail to 51 countries and shiftin…
2024Klarna
Return to net profit
Klarna reports a $21 million net profit for 2024 on $2.81 billion of revenue.
2025Hitachi
Toshiaki Tokunaga Becomes CEO
Toshiaki Tokunaga became President and CEO on April 1, 2025, succeeding Keiji Kojima, who became Executive Chairman.
2025Klarna
NYSE IPO
Klarna lists on the New York Stock Exchange as KLAR in September 2025, pricing at $40 per share.
2026Hitachi
Record Results and Home Appliance Sale
Hitachi reported record FY2025 profit in April 2026 and agreed to sell 80.1% of its home appliance business to Nojima for about $737 million (¥110 billion).
2026Klarna
FY2025 results
Klarna reports $3.51 billion of FY2025 revenue, $127.9 billion of GMV, $65 million of adjusted operating profit and a $273 million net loss.
2026Klarna
Q2 profit and guidance cut
Klarna posts a $9 million Q2 2026 net profit on $1.042 billion of revenue but lowers 2026 GMV guidance to $149-151 billion.
Acquisitions
Hitachi
- Thales Ground Transportation Systems2024Undisclosed
- GlobalLogic2021Undisclosed
- ABB Power Grids2020Undisclosed
Klarna
- PriceRunner2022Undisclosed
- APPRL2021Undisclosed
- HERO2021Undisclosed
- Stocard2021Undisclosed
- Moneymour2020Undisclosed
- BillPay2017Undisclosed
Questions about Hitachi vs Klarna
Who is the CEO of Hitachi, Ltd. and Klarna Group plc?
Hitachi, Ltd. is led by Toshiaki Tokunaga and Klarna Group plc is led by Sebastian Siemiatkowski. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Hitachi, Ltd. founded vs Klarna Group plc?
Hitachi, Ltd. was founded in 1910 — 95 years before Klarna Group plc, which was founded in 2005. Hitachi, Ltd.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Klarna Group plc.
How many employees does Hitachi, Ltd. have compared to Klarna Group plc?
Hitachi, Ltd. employs approximately 287,901 people, while Klarna Group plc employs approximately 2,831. Hitachi, Ltd. has the larger workforce at 287,901 employees, compared to Klarna Group plc's 2,831. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Hitachi, Ltd. and Klarna Group plc headquartered?
Hitachi, Ltd. is headquartered in Japan and Klarna Group plc is headquartered in United Kingdom. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Hitachi, Ltd. and Klarna Group plc?
Hitachi, Ltd. was founded by Namihei Odaira. Klarna Group plc was founded by Sebastian Siemiatkowski, Niklas Adalberth, Victor Jacobsson.
Which company has a longer operating history — Hitachi, Ltd. or Klarna Group plc?
Hitachi, Ltd. has been operating for approximately 116 years, making it the more established of the two companies. Klarna Group plc has been in operation for around 21 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Hitachi vs Klarna overview