Hitachi, Ltd. Announces Earnings Results for the Third Quarter and Nine Months Ended December 2017
January 31, 2018 at 07:45 am
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Hitachi, Ltd. announced earnings results for the third quarter and nine months ended December 2017. For the quarter, the company reported revenues of JPY 2,297.5 billion, an increase of 6% year-over-year. Adjusted operating income was JPY 171.3 billion, 22% increase. Net income attributable to Hitachi stockholders was JPY 97.9 billion, increase of JPY 20.2 billion or increased by 26%.
For the nine months, the company reported Revenue was JPY 6,674 billion or 2 % increase year-over-year. Adjusted operating income was JPY 474.5 billion or increased by JPY 101.4 billion year-over-year. EBIT was JPY 472.8 billion. Net income was JPY 258.5 billion, increased by JPY 67.3 billion or increased by 35%. Cash flows from operating activities was JPY 473.2 billion because of cash flow improvement as well as profit improvement as well as cash conversion cycle improvement.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
