Results remained firm led by reforms of business and cost structure
Five sectors*1, Hitachi Astemo and listed subsidiaries increased revenues and
1 profits from Q1 FY20
Secured outcome of reforms of low-profit businesses and cost structure
IT segment remained firm, posting record-high adjusted operating income*2 and ratio (9.8%)
Building Systems business in China, Railway Systems business in Europe and Industry business in North America expanded. Achieved record-high overseas revenues (1,459.8bn yen) and overseas revenues ratio (62%)
2
Solid order intakes mainly in markets recovering from the COVID-19
pandemic
• Accumulated orders surpassing Q1 FY20 mainly in North America, Europe and
China, supported by market recovery
•
Hitachi ABB Power Grids business sees steady order intakes in the trend of carbon
neutral (Q1 orders: $2.7bn, order backlog: approx. $12.0bn)
3
Transforming business portfolio for further growth
• Established a joint venture in the global home appliances business with Arçelik
(ownership ratio: 60% for Arçelik and 40% for Hitachi Global Life Solutions)
•
Completed acquisition of GlobalLogic. Revenues and profits of Q1 remained firm
(before completion of acquisition)
Notes which are not included in each page of this material are listed on page 28
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Hitachi Ltd. published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 06:38:04 UTC.
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. 
