Hitachi, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019
January 30, 2020
Share
Hitachi, Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported revenues of JPY 6,344.1 billion against JPY 6,782.9 billion a year ago. Net income was JPY 86.2 billion against JPY 164.8 billion a year ago. Basic earnings per share was JPY 57.10 against JPY 85.57 a year ago. Basic earnings per share was JPY 57.03 against JPY 85.50 a year ago.
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%).