Hitachi, Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2019; Announces Earnings Guidance for the Year Ending March 31, 2020
April 29, 2019 at 08:19 am EDT
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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 9,368.6 billion a year ago. EBIT was JPY 513.9 billion against JPY 644.2 billion a year ago. Income from continuing operations, before income taxes was JPY 516.5 billion against JPY 638.6 billion a year ago. Net income attributable to the company's stockholders was JPY 222.5 billion or JPY 230.25 per diluted share against JPY 362.9 billion or JPY 375.60 per diluted share a year ago. Basic earnings per share was JPY 230.47 against JPY 375.93 a year ago.
For the year ending March 31, 200, the company expects revenue of JPY 9,000 billion, EBIT of JPY 750.0 billion, income from continuing operations, before income taxes of JPY 740.0 billion, and net income attributable to the company's stockholders was JPY 435 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, 2019; Announces Earnings Guidance for the Year Ending March 31, 2020
HITACHI, LTD. 
