Hitachi, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ended March 31, 2019
October 25, 2018
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Hitachi, Ltd. announced consolidated earnings results for the six months ended September 30, 2018. For the six months, the company reported revenues of JPY 4,491.8 billion compared to JPY 4,376.4 billion a year ago. EBIT was JPY 352.3 billion compared to JPY 296.4 billion a year ago. Net income was JPY 256.1 billion or JPY 199.86 per basic share compared to JPY 218.9 billion or JPY 166.34 per basic share a year ago. Diluted earnings per share were JPY 199.69 compared to JPY 166.18 a year ago.
The company provided earnings guidance for the year ended March 31, 2019. For the year, the company expects revenues of JPY 9,400.0 billion, EBIT of JPY 750.0 billion and net income of JPY 530.0 billion. The company expected income from continuing operations before income taxes of JPY 735 billion and net income attributable to the company shareholders of JPY 400 billion.
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. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ended March 31, 2019
HITACHI, LTD. 
