HIT » Topics » High Functional Materials & Components

This excerpt taken from the HIT 6-K filed Nov 4, 2009.

[High Functional Materials & Components]

 

     Three months ended September 30, 2009    Six months ended September 30, 2009
     Yen
(billions)
   Year-over-year
% change
    U.S. dollars
(millions)
   Yen
(billions)
   Year-over-year
% change
    U.S. dollars
(millions)

Revenues

   306.2    (34%   3,402    578.8    (37%   6,432

Operating income

   8.9    (73%   100    6.4    (91%   71

For the first half of fiscal 2009, High Functional Materials & Components revenues decreased 37%, to 578.8 billion yen. This mainly reflected large sales decreases at Hitachi Metals, Ltd., Hitachi Chemical Co., Ltd., and Hitachi Cable, Ltd. due to falling worldwide demand, although signs of an up-tick in demand are starting to emerge for automotive components- and semiconductor-related products due to progress in adjusting inventories.

The segment reported operating income of 6.4 billion yen, 91% down year over year due to the heavy impact of a rapid decline in demand in the second half of fiscal 2008. This result was despite Hitachi Chemical and other businesses recording improvements over initial forecasts due to the benefits of fixed-cost reductions and procurement expenses.


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For the second quarter of fiscal 2009, segment revenues declined 34%, to 306.2 billion yen. Segment operating income declined 73% year over year, to 8.9 billion yen. The segment recorded a marked deterioration in operating income in the second half of fiscal 2008, but operating income recovered rapidly in the first quarter of fiscal 2009 and the result in the second quarter of fiscal 2009 was a further 11.4 billion yen improvement on the previous quarter, as the segment recorded a quarterly profit.

This excerpt taken from the HIT 6-K filed Jul 30, 2009.

[High Functional Materials & Components]

 

     Three months ended June 30, 2009  
     Yen
(billions)
    Year-over-year
% change
    U.S. dollars
(millions)
 

Revenues

   272.6      (40 %)    2,840   

Operating loss

   (2.5   —        (27

The High Functional Materials & Components revenues decreased 40%, to 272.6 billion yen. This decline mainly reflected a large drop in sales at Hitachi Metals, Ltd., Hitachi Chemical Co., Ltd. and Hitachi Cable, Ltd. due to falling worldwide demand, although signs of a recovery in demand are starting to emerge for automotive components- and semiconductor-related products showing progress in inventories adjustment.

The segment reported an operating loss of 2.5 billion yen, 38.6 billion yen worse than the first quarter of fiscal 2008, due to a marked drop in earnings at Hitachi Cable, Hitachi Metals and Hitachi Chemical because of lower sales.

This excerpt taken from the HIT 20-F filed Jul 27, 2009.

High Functional Materials & Components

Revenues increased 4%, to ¥1,875.0 billion, in fiscal 2007 compared to the preceding fiscal year. Revenues of Hitachi Chemical Co., Ltd. were almost the same as in the preceding fiscal year due primarily to an increase in sales of semiconductor related materials and automotive related components, partially offset by a decrease in sales of household and environmental equipment business due to the sale of such business to a third party in January 2008. Revenues of Hitachi Metals, Ltd. increased due primarily to an increase in sales of automotive- and IT-related electronics and information equipment and high grade casting components. Revenues of Hitachi Cable, Ltd. increased due primarily to an increase in sales of wires and cables as a result of solid demand and increased sales prices owing to a rise in copper prices and an increase in sales of fiber-optic submarine cable due to increased worldwide demand for telecommunication lines.

Operating income increased 7%, to ¥141.0 billion, in fiscal 2007 compared to the preceding fiscal year due primarily to a successful transfer of increased materials costs to sales prices and cost reduction efforts.

This excerpt taken from the HIT 6-K filed Jun 30, 2009.

[High Functional Materials & Components]

Both revenues and operating income decreased from the preceding fiscal year, owing mainly to the effect of sluggish demand in automotive-related and electronics-related sectors, and the posting of an impairment loss on inventories by Hitachi Cable, Ltd. due to the effect of a drop in the price of copper.

This excerpt taken from the HIT 6-K filed May 14, 2009.

[High Functional Materials & Components]

 

     Year ended March 31, 2009
     Billions of yen    Year-over-year
% change
    Millions of
U.S. dollars

Revenues

   1,556.8    (17 %)   15,887

Operating income

   27.7    (80 %)   283

High Functional Materials & Components revenues were 1,556.8 billion yen, down 17% year over year. This decline mainly reflected a large drop in sales of products for the automotive components- and semiconductor-related businesses at Hitachi Metals, Ltd., Hitachi Chemical Co., Ltd. and Hitachi Cable, Ltd. due to drop worldwide demand for automobiles and electronic products. The sale of a subsidiary at Hitachi Chemical also had an impact on overall revenues.

The segment reported operating income of 27.7 billion yen, down 80% year over year, due to sharply lower revenues, and inventory write-downs at Hitachi Cable because of falling copper prices.


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This excerpt taken from the HIT 6-K filed Feb 5, 2009.

[High Functional Materials & Components]

 

     Three months ended December 31, 2008     Nine months ended December 31, 2008
     Yen (billions)     Year-over-year
% change
    U.S. dollars
(millions)
    Yen (billions)    Year-over-year
% change
    U.S. dollars
(millions)

Revenues

   376.5     (22 %)   4,138     1,297.7    (8 %)   14,261

Operating income (loss)

   (0.5 )   —       (6 )   68.3    (35 %)   751

For the third quarter of fiscal 2008, High Functional Materials & Components revenues were 376.5 billion yen, down 22% year over year. This decline reflected a large drop in sales of products for automotive- and semiconductor-related businesses at Hitachi Cable, Ltd., Hitachi Metals, Ltd., and Hitachi Chemical Co., Ltd. due to softening worldwide demand for automobiles and semiconductors. The sale of a subsidiary at Hitachi Chemical also had an impact on overall revenues.

The segment reported an operating loss of 0.5 billion yen, 41.5 billion yen worse than the operating income reported in the third quarter of fiscal 2007, due to sharply lower revenues and inventory write-downs because of falling copper prices at Hitachi Cable.

For the first nine months of fiscal 2008, segment revenues declined 8%, to 1,297.7 billion yen, and operating income dropped 35%, to 68.3 billion yen due to lower revenues.


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This excerpt taken from the HIT 6-K filed Jan 15, 2009.

High Functional Materials & Components

Segment revenues decreased 1% from the same period of the preceding fiscal year, to JPY921.1 billion. Although sales grew at Hitachi Metals, Ltd., principally in automotive-related products, and also at Hitachi Cable, Ltd., mainly in the information and telecommunications networking business, the overall result reflects the impact of the sale of subsidiaries at Hitachi Chemical Co., Ltd. Segment operating income increased 7%, to JPY68.9 billion, due to healthy earnings growth at Hitachi Metals, Ltd.

This excerpt taken from the HIT 6-K filed Nov 18, 2008.

[High Functional Materials & Components]

 

     Three months ended September 30, 2008    Six months ended September 30, 2008
     Yen
(billions)
   Year-over-year
% change
    U.S. dollars
(millions)
   Yen
(billions)
   Year-over-year
% change
    U.S. dollars
(millions)

Revenues

   465.4    (2) %   4,476    921.1    (1) %   8,857

Operating income

   32.8    (8) %   316    68.9    7 %   663

For the first half of fiscal 2008, High Functional Materials & Components revenues were 921.1 billion yen, largely the same as the corresponding period of the previous fiscal year. Although sales grew at Hitachi Metals, Ltd., principally in automotive-related and IT-related products, and also at Hitachi Cable, Ltd., mainly in the information and telecommunications networking business, the overall result reflects the impact of the sale of subsidiaries at Hitachi Chemical Co., Ltd.

Segment operating income rose 7%, to 68.9 billion yen, due to healthy earnings growth at Hitachi Metals.

For the second quarter of fiscal 2008, segment revenues declined 2%, to 465.4 billion yen. Segment operating income declined 8% year over year, to 32.8 billion yen because of soaring raw materials prices and the impact of soft demand and falling prices for semiconductor-related products.


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This excerpt taken from the HIT 6-K filed Aug 6, 2008.

[High Functional Materials & Components]

 

     Three months ended June 30, 2008
     Yen
(billions)
   Year-over-year
% change
    U.S. dollars
(millions)

Revenues

   455.6    (1 )%   4,299

Operating income

   36.0    25 %   340

High Functional Materials & Components revenues were essentially unchanged from the same quarter of the previous fiscal year at 455.6 billion yen. Sales growth at Hitachi Metals, Ltd., principally in automotive- and IT-related products, and higher sales at Hitachi Cable, Ltd., mainly from information and telecommunications networking business, were offset by the impact of the sale of a subsidiary at Hitachi Chemical Co., Ltd.

Segment operating income rose 25%, to 36.0 billion yen, due to healthy earnings growth at Hitachi Metals and Hitachi Chemical.

This excerpt taken from the HIT 6-K filed Jun 27, 2008.

[High Functional Materials & Components]

Both revenues and operating income increased from the preceding fiscal year, owing to the healthy performance of the three companies, Hitachi Metals, Ltd. in the automotive- and electronics-related product sectors, Hitachi Chemical Co., Ltd. in the semiconductor-related product sector, and Hitachi Cable, Ltd. in wires and cables.

This excerpt taken from the HIT 20-F filed Jun 20, 2008.

High Functional Materials & Components

Revenues increased 12%, to ¥1,794.5 billion, in fiscal 2006 compared to the preceding fiscal year due primarily to an increase in sales of wires and cables with increased sales prices resulting from the successful shifting of increased raw materials costs onto sales prices and an increase in sales of materials for semiconductors and of automotive related products due to increased demand in IT industries and by automobile manufacturers. Operating income increased 20%, to ¥132.3 billion, in fiscal 2006 compared to the preceding fiscal year due primarily to an increase in sales of above products together with their cost reduction.

This excerpt taken from the HIT 6-K filed May 27, 2008.

[High Functional Materials & Components]

 

     Year ended March 31, 2008
     Billions of
yen
   Year-over-year
% change
    Millions of
U.S. dollars

Revenues

   1,875.0    4 %   18,750

Operating income

   141.0    7 %   1,410

High Functional Materials & Components revenues were 1,875.0 billion yen, up 4% year over year. One factor was steady sales at Hitachi Metals, Ltd., principally in automotive- and IT-related products. Another factor was steady sales growth for Hitachi Chemical Co., Ltd, mainly in the semiconductor-related field. Furthermore, Hitachi Cable, Ltd. posted increased sales, mainly due to higher sales of wires and cables as well as submarine optical fiber cables.

Segment operating income rose 7%, to 141.0 billion yen, due to healthy earnings growth for Hitachi Metals, Hitachi Chemical and Hitachi Cable.


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This excerpt taken from the HIT 20-F filed Apr 28, 2008.

High Functional Materials & Components

Revenues increased 12%, to ¥1,794,506 million, in fiscal 2006 compared to the preceding fiscal year due primarily to an increase in sales of wires and cables with increased sales prices resulting from the successful shifting of increased raw materials costs onto sales prices and an increase in sales of materials for semiconductors and of automotive related products due to increased demand in IT industries and by automobile manufacturers. Operating income increased 20%, to ¥132,399 million, in fiscal 2006 compared to the preceding fiscal year due primarily to an increase in sales of above products together with their cost reduction.

This excerpt taken from the HIT 6-K filed Feb 15, 2008.

High Functional Materials & Components

Segment revenues increased 7% from the same period of the preceding year, to JPY933.5 billion and operating income increased 1%, to JPY64.6 billion. These results were driven primarily by the improvement in automotive related products in Hitachi Metals, Ltd., the firm results in electronics related materials in Hitachi Chemical Co., Ltd. and the increase in Hitachi Cable, Ltd.

This excerpt taken from the HIT 6-K filed Feb 7, 2008.

[High Functional Materials & Components]

(Nine-Month Results)

 

     Nine months ended December 31, 2007
     Billions of yen    Year-over-year
% change
    Millions of
U.S. dollars

Revenues

   1,416.1    6 %   12,422

Operating income

   105.6    6 %   926

(Third-Quarter Results)

 

     Three months ended December 31, 2007
     Billions of yen    Year-over-year
% change
    Millions of
U.S. dollars

Revenues

   482.5    3 %   4,233

Operating income

   40.9    13 %   359

For the first nine months of fiscal 2007, the segment recorded revenues of 1,416.1 billion yen, 6% higher year on year. One factor was higher sales at Hitachi Metals, Ltd., principally in automotive-related products, IT equipment-related and digital electronics-related products such as for LCDs. Another factor was strong sales growth at Hitachi Chemical Co., Ltd., mainly in the semiconductor-related and automotive-related fields. Furthermore, Hitachi Cable, Ltd. posted increased sales, mainly due to higher sales of wires and cables as well as submarine optical fiber cables.

Segment operating income rose 6%, to 105.6 billion yen, due to higher earnings at Hitachi Metals, Hitachi Chemical and Hitachi Cable.

For the third quarter alone, segment revenues rose 3% year on year, to 482.5 billion yen, and operating income was 13% up, to 40.9 billion yen.


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This excerpt taken from the HIT 20-F filed Nov 30, 2007.

High Functional Materials & Components

This segment includes fabricated chemical and metal products supplied as parts or materials to downstream manufacturers of mainly electric and electronic products. For example, Hitachi Chemical Co., Ltd. manufactures products based on its resin technology and serves industrial markets such as semiconductors, liquid crystal displays and automobiles. Hitachi Metals, Ltd. manufactures and sells magnetic and electronic materials and parts. They include specialty steels such as materials for mobile phones and automobile engine parts. Hitachi Cable, Ltd. manufactures and sells electronic materials and components for semiconductors and mobile phones as well as cable and wire products used for transmission of power and telephone signals.

As more products in this segment become more closely dependent upon and driven by capabilities in electronics technology, Hitachi’s strength in electronics technology is expected to provide Hitachi with an advantage in introducing new products with such technology. Since the portion of materials and components used for semiconductors, liquid crystal displays, mobile phones and other IT-related products has increased in recent years, business results in this segment have been significantly affected by the business climate of the IT industry.

In April 2004, the magnetic materials business of Hitachi Metals, Ltd. (“Hitachi Metals”), a publicly-held subsidiary of the Company, was combined with Sumitomo Special Metals Co., Ltd. to form a new company, NEOMAX Co., Ltd. (“NEOMAX”). The new company became a consolidated subsidiary of the Company as a result of the transaction. Further, in November 2006, Hitachi Metals conducted a tender offer for shares of NEOMAX, then merged with NEOMAX in April 2007.

In fiscal 2006, this segment accounted for 15% of total revenues before eliminations and recorded operating income of ¥132,399 million.

This excerpt taken from the HIT 6-K filed Nov 1, 2007.

[High Functional Materials & Components]

 

     The half year ended September 30, 2007
    

Billions of

yen

  

Year-over-year

% change

   

Millions of

U.S. dollars

Revenues

   933.5    7 %   8,118

Operating income

   64.6    1 %   562

High Functional Materials & Components revenues increased 7%, to 933.5 billion yen on the back of higher sales at Hitachi Metals, Ltd., principally in automotive-related products, and IT equipment- and digital electronics related products such as for LCDs; firm sales growth at Hitachi Chemical Co., Ltd., mainly in the semiconductor-related field; and increased sales at Hitachi Cable, Ltd., principally due to higher sales of wires and cables where the price of copper remained high relative to the previous fiscal year. There was also growth in sales of submarine optical fiber cables due to large orders.

Operating income was 64.6 billion yen, largely on a par with the fiscal 2006 interim result, due to firm earnings at Hitachi Metals, Hitachi Chemical and Hitachi Cable.


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This excerpt taken from the HIT 6-K filed Aug 7, 2007.

[High Functional Materials & Components]

 

     Three months ended June 30, 2007
    

Billions of

yen

  

Year-over-year

% change

   

Millions of

U.S. dollars

Revenues

   458.7    9 %   3,730

Operating loss

   28.8    2 %   235

High Functional Materials & Components revenues increased 9%, to 458.7 billion yen on the back of higher sales at Hitachi Metals, Ltd., principally in automotive-related products and IT equipment- and household appliance-related products such as for LCDs; firm sales growth at Hitachi Chemical Co., Ltd., mainly in the semiconductor-related field; and increased sales at Hitachi Cable, Ltd., principally due to higher sales of wires and cables.

Operating income edged up 2%, to 28.8 billion yen, mainly due to higher earnings at Hitachi Metals and Hitachi Cable.


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This excerpt taken from the HIT 6-K filed Jul 10, 2007.

[High Functional Materials & Components]

The three major companies performed well, including Hitachi Metals, Ltd. in the electronics- and automotive-related product sectors, Hitachi Chemical Co., Ltd. in the semiconductor-related product sector, and Hitachi Cable, Ltd. in wires and cables.

This excerpt taken from the HIT 20-F filed Jun 26, 2007.

High Functional Materials & Components

This segment includes fabricated chemical and metal products supplied as parts or materials to downstream manufacturers of mainly electric and electronic products. For example, Hitachi Chemical Co., Ltd. manufactures products based on its resin technology and serves industrial markets such as semiconductors, liquid crystal displays and automobiles. Hitachi Metals, Ltd. manufactures and sells magnetic and electronic materials and parts. They include specialty steels such as materials for mobile phones and automobile engine parts. Hitachi Cable, Ltd. manufactures and sells electronic materials and components for semiconductors and mobile phones as well as cable and wire products used for transmission of power and telephone signals.

As more products in this segment become more closely dependent upon and driven by capabilities in electronics technology, Hitachi’s strength in electronics technology is expected to provide Hitachi with an advantage in introducing new products with such technology. Since the portion of materials and components used for semiconductors, liquid crystal displays, mobile phones and other IT-related products has increased in recent years, business results in this segment have been significantly affected by the business climate of the IT industry.

In April 2004, the magnetic materials business of Hitachi Metals, Ltd. (“Hitachi Metals”), a publicly-held subsidiary of the Company, was combined with Sumitomo Special Metals Co., Ltd. to form a new company, NEOMAX Co., Ltd. (“NEOMAX”). The new company became a consolidated subsidiary of the Company as a result of the transaction. Further, in November 2006, Hitachi Metals conducted a tender offer for shares of NEOMAX, then merged with NEOMAX in April 2007.

In fiscal 2006, this segment accounted for 15% of total revenues before eliminations and recorded operating income of ¥132,399 million.

This excerpt taken from the HIT 6-K filed May 22, 2007.

[High Functional Materials & Components]

 

     Year ended March 31, 2007
    

Billions of

yen

  

Year-over-year

% change

   

Millions of

U.S. dollars

Revenues

   1,794.5    12 %   15,208

Operating income

   132.3    20 %   1,122

Segment revenues increased 12%, to 1,794.5 billion yen on the back of strong sales at Hitachi Metals, Ltd., principally in the electronics- and automotive-related fields; higher sales at Hitachi Chemical Co., Ltd., mainly in the semiconductor-related field; and increased sales of wires and cables and other products at Hitachi Cable, Ltd.

Operating income climbed 20%, to 132.3 billion yen due to higher earnings at Hitachi Metals, Hitachi Chemical and Hitachi Cable, the result of higher sales and the benefits of cost cutting.


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This excerpt taken from the HIT 6-K filed Jan 10, 2007.

High Functional Materials & Components

Segment revenues increased 14% from the same period of the preceding year, to JPY870.2 billion. The improvement was driven primarily by strong gains posted by Hitachi Chemical Co., Ltd., particularly in electronics related business, good results from Hitachi Metals, Ltd., particularly in automotive related products, and improved sales at Hitachi Cable, Ltd. Three main companies of the segments, Hitachi Chemical Co., Ltd., Hitachi Metals, Ltd. and Hitachi Cable, Ltd., all increased in operating income as a result of the increased sales and the effect of cost reductions. Consequently, segment operating income was up 33%, to JPY63.8 billion.

This excerpt taken from the HIT 6-K filed Nov 9, 2006.

[High Functional Materials & Components]

 

     The half year ended September 30, 2006

    

Billions of

yen


  

Year-over-year

% change


   

Millions of

U.S. dollars


Revenues

   870.2    14 %   7,375

Operating income

   63.8    33 %   541

Segment revenues rose 14%, to 870.2 billion yen on the back of higher sales at Hitachi Chemical Co., Ltd., mainly in the electronics-related field; strong growth in sales at Hitachi Metals, Ltd., principally in the automotive-related field; and increased sales at Hitachi Cable, Ltd., chiefly in wires and cables.

Operating income climbed 33%, to 63.8 billion yen due to higher earnings at Hitachi Chemical, Hitachi Metals and Hitachi Cable, the result of higher sales and the benefits of cost-cutting.

 

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This excerpt taken from the HIT 6-K filed Aug 24, 2006.

[High Functional Materials & Components]

 

     Three months ended June 30, 2006

    

Billions of

yen


  

Year-over-year

% change


   

Millions of

U.S. dollars


Revenues

   420.0    14 %   3,652

Operating income

   28.3    27 %   246

Segment revenues rose 14%, to 420.0 billion yen on the back of strong sales at Hitachi Chemical Co., Ltd. and Hitachi Metals, Ltd., principally of components and materials in the electronics-related field. Hitachi Cable, Ltd. also recorded sales growth.

Operating income climbed 27%, to 28.3 billion yen, mainly due to higher sales and the benefits of cost-cutting.

This excerpt taken from the HIT 20-F filed Aug 7, 2006.

High Functional Materials & Components

 

This segment includes fabricated chemical and metal products supplied as parts or materials to downstream manufacturers of mainly electric and electronic products. For example, Hitachi Chemical Co., Ltd. manufactures products based on its resin technology and serves industrial markets such as semiconductors, liquid crystal displays and automobiles. Hitachi Metals, Ltd. manufactures and sells magnetic and electronic materials and parts. They include specialty steels such as materials for mobile phones and automobile engine parts. Hitachi Cable, Ltd. manufactures and sells electronic materials and components for semiconductors and mobile phones as well as cable and wire products used for transmission of power and telephone signals.

 

As more products in this segment become more closely dependent upon and driven by capabilities in electronics technology, Hitachi’s strength in electronics technology is expected to provide Hitachi with an advantage in introducing new products with such technology. Since the portion of materials and components used for semiconductors, liquid crystal displays, mobile phones and other IT-related products has increased in recent years, business results in this segment have been significantly affected by the business climate of the IT industry.

 

In April 2004, the magnetic materials business of Hitachi Metals, Ltd., a subsidiary of the Company, was combined with Sumitomo Special Metals Co., Ltd. to form a new company, NEOMAX Co., Ltd. The new company became a consolidated subsidiary of the Company as a result of the transaction.

 

In fiscal 2005, this segment accounted for 15% of total revenues before eliminations and recorded operating income of ¥110,069 million.

 

This excerpt taken from the HIT 6-K filed Jul 5, 2006.

[High Functional Materials & Components]

Revenues were higher at Hitachi Chemical Co., Ltd. and Hitachi Metals, Ltd., especially in the electronics and automotive related products sectors. Revenues of Hitachi Cable, Ltd. also increased. Operating income was buoyant.

 

15


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This excerpt taken from the HIT 6-K filed May 23, 2006.

[High Functional Materials & Components]

 

     Year ended March 31, 2006

    

Billions of

yen


  

Year-over-year

% change


   

Millions of

U.S. dollars


Revenues

   1,600.2    6 %   13,677

Operating income

   110.0    26 %   941

 

Revenues in this segment rose 6%, to 1,600.2 billion yen due mainly to strong growth in sales at Hitachi Chemical Co., Ltd. and Hitachi Metals, Ltd., principally in the electronics- and automotive-related fields. Hitachi Cable, Ltd. also recorded sales growth.

 

Operating income climbed 26%, to 110.0 billion yen due to higher earnings at Hitachi Chemical, Hitachi Metals and other companies, reflecting higher sales and the benefits of cost-cutting.

 

This excerpt taken from the HIT 6-K filed Feb 15, 2006.

[High Functional Materials & Components]

 

     Three months ended December 31, 2005

    

Billions of

yen


  

Year-over-year

% change


   

Millions of

U.S. dollars


Revenues

   414.2    9 %   3,511

Operating income

   30.9    40 %   262

 

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Revenues rose 9%, to 414.2 billion yen due to strong growth in sales at Hitachi Chemical Co., Ltd. and Hitachi Metals, Ltd., principally in the electronics-related and automotive fields. Hitachi Cable, Ltd. also recorded sales growth.

 

Operating income rose 40%, to 30.9 billion yen due to strong earnings at Hitachi Chemical, Hitachi Metals and Hitachi Cable.

 

This excerpt taken from the HIT 6-K filed Nov 16, 2005.

[High Functional Materials & Components]

 

     The half year ended September 30, 2005

    

Billions of

yen


  

Year-over-year

% change


   

Millions of

U.S. dollars


Revenues

   760.4    3 %   6,729

Operating income

   48.0    19 %   425

 

Revenues rose 3%, to 760.4 billion yen due mainly to steady growth at Hitachi Chemical Co., Ltd. and Hitachi Metals, Ltd., principally in components and materials for electronics- and automotive-related fields.

 

Operating income rose 19%, to 48.0 billion yen, due to healthy growth principally in components and materials for automotive-related fields at Hitachi Metals.


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