Hitachi, Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Announces Earnings Guidance for the Year Ending March 31, 2019
April 26, 2018
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Hitachi, Ltd. announced consolidated earnings results for the year ended March 31, 2018. For the year, the company's revenues were JPY 9,368.6 billion against JPY 9,162.2 billion a year ago. Adjusted operating income was JPY 714.6 billion against JPY 587.3 billion a year ago. EBIT was JPY 644.2 billion against JPY 475.1 billion a year ago. Income from continuing operations, before income taxes was JPY 638.6 billion against JPY 469.0 billion a year ago. Net income attributable to the company's stockholders was JPY 362.9 billion or JPY 75.12 per diluted share against JPY 231.2 billion or JPY 47.88 per diluted share a year ago. Cash flows from operating activities was JPY 727.1 billion against JPY 629.6 billion a year ago. Free cash flows were JPY 252.8, a decrease of JPY 38.7 billion year over year. Purchase of property, plant and equipment was JPY 349.4 billion against JPY 316.1 billion a year ago. Purchase of intangible assets was JPY 90.9 billion against JPY 101.0 billion a year ago.
For the year ending March 31, 2019, the company expects revenue of JPY 9,400 billion, adjusted operating income of JPY 750.0 billion, EBIT of JPY 750.0 billion, income from continuing operations, before income taxes of JPY 735.0 billion, and net income attributable to the company's stockholders was 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 Year Ended March 31, 2018; Announces Earnings Guidance for the Year Ending March 31, 2019
HITACHI, LTD. 
