Hitachi, Ltd. Reports Earnings Results for the First Quarter Ended June 2018
July 27, 2018 at 03:30 am EDT
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Hitachi, Ltd. reported earnings results for the first quarter ended June 2018. For the quarter, revenues were at JPY 2,165.8 billion. This is an increase of 4% year-over-year. EBITDA was JPY 180.4 billion, increase by JPY 37.1 billion or 12% increase year-on-year. Information & Telecommunication as well as Social Infrastructure & Industrial Systems, and Construction Machinery contributed. EBIT was JPY 180.4 billion, increase by JPY 37.1 billion. Adjusted operating income impact of reorganization and Hitachi Kokusai Electric was impact of minus JPY 3 billion. Foreign exchange impact was positive JPY 1 billion. Profitability improvement was JPY 17.3 billion. Cash flows from operating activities, JPY 134.3 billion. Free cash flow at JPY 30.4 billion, which is an increase of JPY 8.1 billion year-over-year.
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. 
