Key Financial Data and Stock Information

Transcription

1 Key Financial Data and Stock Information Results of Operations Net Sales 4 Net Income (Loss) 4 Industry Segments 5 Geographic Segments 6 Sales by Market 7 Profitability Return on Sales 8 Return on Equity 8 Cost Composition 9 Operating Income (Loss) to Net Sales 9 Safety Interest Expense 1 Interest Coverage 1 Stockholders Equity to Total Assets 11 Current Ratio 11 Total Debt and Stockholders Equity 12 Debt/Equity Ratio 12 Efficiency Asset Turnover 13 Fixed Asset Turnover 13 Per Share Data Net Income (Loss) per Share 14 Stockholders Equity per Share 14 Capital Investment and R&D Expenditure Capital Investment 15 Retained Cash Flow and Depreciation 15 R&D Expenditure 16 R&D Expenditure to Net Sales 16 Stock Information Common Stock Price (Tokyo Stock Exchange) 17 PER (Price Earnings Ratio) 17 PBR (Price Book Value Ratio) 18 PCFR (Price Cash Flow Ratio) 18

2 Results of Operations Net Sales (Billion ) Net Income (Loss) (Billion ) 8, 2 7, 6, 15 5, 1 4, 3, 5 2, 1, Net Sales Net Income (Loss) (Billion ) 7,78 7,737 7,766 7,536 7,4 7,592 8,124 8,523 8,417 7,977 (Billion ) (339) Results of Operations 4

3 Industry Segments (Million ) Sales Information Systems & Electronics 3,289,337 3,373,532 3,16,377 3% 31% 31% Power & Industrial Systems 2,719,775 2,543,181 2,46,966 25% 24% 24% Consumer Products 99, , ,241 9% 9% 9% Materials 1,413,174 1,473,461 1,338,819 13% 14% 14% Services & Other 2,424,41 2,414,879 2,123,3 23% 22% 22% Subtotal 1,837,591 1,733,5 9,872,73 1% 1% 1% Eliminations (2,314,491) (2,316,666) (1,895,329) Total 8,523,1 8,416,834 7,977,374 Operating Income Information Systems & Electronics 13,682 63,375 (9,362) (Loss) 31% 24% Power & Industrial Systems 116,67 93,554 3,313 35% 36% Consumer Products 7,372 (16,61) (6,375) 2% (6%) Materials 63,532 66,119 27,886 19% 26% Services & Other 41,1 52,918 51,474 13% 2% Subtotal 331, ,95 12,936 1% 1% Eliminations & Corporate items (34,587%) (5,898) (47,1) Total 297,166 29,7 (34,74) Notes: 1. Net sales by segment include intersegment transactions. 2. This information is disclosed in accordance with a ministerial ordinance under the Securities and Exchange Law of Japan. 3. From fiscal 1995, the Ministry of Finance is requiring the disclosure of Eliminations & Corporate items for Operating Income as part of the Industry Segments and Geographic Segments. Results of Operations 5

4 Geographic Segments (Million ) Sales Japan Outside customer sales 6,948,21 6,636,772 6,325,14 72% 68% 69% Intersegment transactions 893,496 1,53, ,527 9% 11% 1% Total 7,841,517 7,69,611 7,239,667 81% 79% 79% Other Areas Outside customer sales 1,575,79 1,78,62 1,652,234 16% 18% 18% Intersegment transactions 255, , ,487 3% 3% 3% Total 1,83,83 2,55,654 1,916,721 19% 21% 21% Subtotal 9,672,347 9,746,265 9,156,388 1% 1% 1% Eliminations (1,149,247%) (1,329,431) (1,179,14) Total 8,523,1 8,416,834 7,977,374 Operating Income (Loss) Japan 318, ,839 3,116 94% 88% 31% Other Areas 21,597 32,93 6,825 6% 12% 69% Subtotal 34, ,932 9,941 1% 1% 1% Eliminations & Corporate items (43,429%) (55,925) (44,15) Total 297,166 29,7 (34,74) Results of Operations 6

5 Sales by Market (Million ) Japan 6,7,552 5,85,111 5,533,554 71% 69% 69% Outside Japan 2,452,548 2,611,723 2,443,82 29% 31% 31% North America 765,28 881, ,848 9% 1% 11% Asia 1,56,976 1,51,35 895,457 12% 13% 11% Europe 5,53 531, ,741 6% 6% 7% Other areas 129, , ,774 2% 2% 2% Total 8,523,1 8,416,834 7,977,374 Note: As for Eliminations & Corporate items for Operating Income (Loss) as part of the Geographic Segments, see note 3 on page 5. Results of Operations 7

6 Profitability Return on Sales (%) Return on Equity (%) Net Income (Loss) Return on Sales Return on Equity (Billion ) (339) (%) (4.2) (%) (11.8) Profitability 8

7 Cost Composition (Billion ) 8, 7, Operating Income (Loss) Selling, General and Administrative Expenses Operating Income (Loss) to Net Sales (%) 7 6 6, Cost of Sales 5 5, 4 4, 3 3, 2 2, 1 1, Net Sales (Billion ) 7,78 7,737 7,766 7,536 7,4 7,592 8,124 8,523 8,417 7,977 Cost of Sales (Billion ) 5,24 5,417 5,489 5,438 5,312 5,394 5,829 6,251 6,23 6,52 Cost of Sales to Net Sales (%) Selling, General and Administrative (SG&A) Expenses (Billion ) 1,553 1,813 1,925 1,876 1,875 1,894 1,962 1,975 1,978 1,959 SG&A Expenses to Net Sales (%) Operating Income (Loss) (Billion ) (34) Operating Income (Loss) to Net Sales (%) (.4) Note: Figures may not agree due to rounding. Profitability 9

8 Safety Interest Expense (Billion ) Interest Coverage (Times) Interest Expense Interest Coverage (Billion ) (Times) (2.78) Income before income taxes + Interest expense Note: Interest coverage= Interest expense Safety 1

9 Stockholders Equity to Total Assets (%) Current Ratio (%) Current Assets (Billion ) 5,391 5,751 5,85 5,675 5,796 5,976 6,442 6,348 6,236 5,867 Current Liabilities (Billion ) 3,315 3,694 3,742 3,555 3,576 3,69 3,965 3,936 4,4 3,763 Stockholders Equity (Billion ) 2,561 2,811 2,918 2,94 2,959 3,33 3,2 3,284 3,241 2,869 Stockholders Equity to Total Assets (%) Current Ratio (%) Safety 11

10 Total Debt and Stockholders Equity (Billion ) Debt/Equity Ratio (Times) 3, Stockholders Equity 2,5 Total Debt (Long-term and Short-term).9 2,.8 1,5 1, Short-term Debt Long-term Debt Total Debt Stockholders Equity Debt/Equity Ratio (Billion ) , ,33 1,181 1,317 1,16 (Billion ) ,25 1,12 1,23 1,245 1,288 1,478 (Billion ) 1,715 1,86 1,996 1,918 1,927 1,919 2,237 2,426 2,65 2,638 (Billion ) 2,561 2,811 2,918 2,94 2,959 3,33 3,2 3,284 3,241 2,869 (Times) Safety 12

11 Efficiency Asset Turnover (Times) Fixed Asset Turnover (Times) Total Assets (Billion ) 7,85 8,526 8,858 8,748 8,931 9,142 9,83 9,965 1,113 9,676 Fixed Assets (Billion ) 1,79 1,986 2,169 2,24 2,293 2,311 2,422 2,559 2,646 2,68 Asset Turnover (Times) Fixed Asset Turnover (Times) Note: Fixed Assets represents the net carrying amounts of property, plant and equipment. Efficiency 13

12 Per Share Data Net Income (Loss) per Share ( ) Stockholders Equity per Share ( ) Net Income (Loss) per Share ( ) (11.5) Stockholders Equity per Share ( ) Cash Dividends per Share ( ) Notes: 1. Net income (loss) per share is based on common stock and common stock equivalents of Hitachi, Ltd. Stockholders equity per share is based on common stock of Hitachi, Ltd. 2. Figures for net income (loss) per share are after retroactive adjustment for the free distribution. See note 3 on page 1. Per Share Data 14

13 Capital Investment and R&D Expenditure Capital Investment (Billion ) 7 Retained Cash Flow and Depreciation (Billion ) Retained Cash Flow 5 5 Depreciation Capital Investment (Property, plant and equipment) (Billion ) Retained Cash Flow (Billion ) Depreciation (Property, plant and equipment) (Billion ) Note: Retained cash flow = Net income + Depreciation + Impairment loss for machinery and equipment + Minority interests - Dividends paid - Gain on equity method shareholdings + Dividend received from equity method shareholdings - Tax effect Capital Investment and R&D Expenditure 15

14 R&D Expenditure (Billion ) R&D Expenditure to Net Sales (%) Net Sales (Billion ) 7,78 7,737 7,766 7,536 7,4 7,592 8,124 8,523 8,417 7,977 R&D Expenditure (Billion ) R&D Expenditure to Net Sales (%) Capital Investment and R&D Expenditure 16

15 Stock Information Common Stock Price (Tokyo Stock Exchange) ( ) ( ) PER (Price Earnings Ratio) (Times) 3,5 35, 3, 3, 8 2,5 Adjusted Average for 225 Stocks at Fiscal Year-End (right scale) 25, 6 2, 2, 1,5 15, 4 1, 1, 2 5 5, Hitachi, Ltd. s Common Stock Price at Fiscal Year-End (left scale) Price Range 1,67* ( ) High 1,74 1,72 1, ,12 1,14 1,18 1,39 1,15 1,49* ( ) Low 1,25 1, Price at Fiscal Year-End ( ) 1,59 1, ,4 1, Net Income (Loss) per Share ( ) (11.5) PER (Times) Notes: 1. Figures marked * are the highest and lowest prices during the ex rights period accompanying the Company s free distribution of new shares. 2. Common stock prices are those of Hitachi, Ltd. 3. Net income (loss) per share is based on common stock and common stock equivalents of Hitachi, Ltd. Stock Information 17

16 PBR (Price Book Value Ratio) (Times) PCFR (Price Cash Flow Ratio) (Times) Stockholders Equity per Share ( ) Retained Cash Flow per Share ( ) Price at Fiscal Year-End ( ) 1,59 1, ,4 1, PBR (Times) PCFR (Times) Note: Stockholders equity per share is based on common stock of Hitachi, Ltd. Retained cash flow per share is based on common stock and common stock equivalents of Hitachi, Ltd. Stock Information 18