subject: Hitachi How Does The Business You Will Be Old? [print this page] Hitachi How Does The Business You Will Be Old?
According to foreign media reports, in the July 31, Hitachi announced its April-June 2007 first quarter results. Hitachi officials said, by the hard disk and the impact of flat-panel TV prices fall, the company hard drives and flat-panel television business may not be profitable this year.
Hitachi said the company's first quarter net loss totaled 13.62 billion yen (about 114 million US dollars), compared with a net loss amounted to 22.04 billion yen, the company still maintained its full-year net 400 billion yen forecast. Reuters, industry analysts on surveys of 14 of its full year profit forecast of 422 billion yen. First-quarter sales rose by 10.2% to 2.48 trillion yen.
Drive business losses, plasma front contraction, once dominant market is facing numerous difficulties. However, Hitachi has become awkward. This can not help but ponder: how the Hitachi, are also older businesses do?
2006 to expand annual loss 2006 Hitachi announced third-quarter results, said profit last fiscal year from 5.4 billion yen the same period decreased by 77% to 1.26 billion yen (10.43 million U.S. dollars). The company's sales revenue from the previous year's 2.259 trillion yen increased by 10.2% to 2.488 trillion yen (about 2.06 billion U.S. dollars). Hitachi said the portfolio income and higher tax payments, resulting in third-quarter profit fell 3 / 4.
Hitachi also said that the price has experienced a significant decline in electronics and Asian competitors products with low prices to win market share against, the company is a full recovery. But once again the hard drive industry, Hitachi's competitors lost the rapid conversion products. Hitachi is the world's third-largest hard drive supplier, as the traditional computer hard drives are quickly moving products, notebook PCs and other consumer electronics conversion, slowed movement led company also lost a lot of market share.
Hitachi also pointed out that nine months of this fiscal year's losses from the previous fiscal year loss of 5,500,000,000 yen the same period rose to 76.8 billion yen (about 636,000,000 U.S. dollars). Hitachi software and services, computer technology, storage and car-related revenues grew strongly, but the company's digital media, and home electronics departments at a loss, the loss was largely flat-panel televisions and DVD recorders prices caused.
As nuclear reactor turbine repair costs paid by the company, leading the company's profit decline this fiscal year. Hitachi still maintains the previous fiscal year forecast unchanged, Hitachi previously expected by the end of March this year, the fiscal year end loss of 55 billion yen (about 455 million U.S. dollars). Sales of 9.74 trillion yen (80.6 billion U.S. dollars).
Hitachi in November last year, has signed an agreement with General Electric Company, combining their nuclear businesses build a global alliance aimed at more and more with the global nuclear power plant businesses to compete.
Two quarters of this fiscal year, Hitachi is also poor situation. News from Japan, Hitachi loss widened in the first half of this fiscal year. On October 31 last year, Hitachi announced the first half loss widened, dragged down by the hard drive and the energy sector, but the company forecast net loss to maintain the original 55,000,000,000 yen (4.68 billion) remain unchanged.
Hitachi to 30 September, 2006 ended the first half of fiscal year 2006 was a net loss of 78.1 billion yen (6.65 billion). The Hitachi same period last year, compared with 10.9 billion yen loss.
Hard disk drive sales slump due to coal-fired power plant and the United States designed turbine repair Hitachi higher costs impact. 2 Hitachi design utility turbines, turbine failure due to the need to close the nuclear power generator. The two companies said last week that would require the closure of nuclear units Hitachi compensation for the loss of revenue and increased costs.
Like Hitachi's global business, as its operations in China also experienced a decline from the peak of the process.
