Financial Highlights (the 12month period ended Mar.31,2003) Apr.25, 2003 Hitachi Metals, Ltd. http://www.hitachi hitachimetals.co..co.jp EMail hmir@hitachimetals.co..co.jp Notes: signs ahead of figures mean minus.
Highlights Highlights 231 231 231 231 392 392 392 392 187 187 187 187 205 205 205 205 171 171 171 171 2,367 2,367 2,367 2,367 FY01 +279 +279 +279 +279 +484 +484 +484 +484 +198 +198 +198 +198 +286 +286 +286 +286 +236 +236 +236 +236 10 10 10 10 Increase (Decrease) +248 +248 +248 +248 +428 +428 +428 +428 +171 +171 +171 +171 +257 +257 +257 +257 +212 +212 +212 +212 +101 +101 +101 +101 Increase (Decrease) 17 17 17 17 36 36 36 36 16 16 16 16 52 52 52 52 41 41 41 41 2,468 2,468 2,468 2,468 FY02 Nonconsolidated 51 51 51 51 433 433 433 433 Income before income tax FY02 FY01 7 272 272 272 272 Net Income 55 55 55 55 253 253 253 253 Extraordinary Profit & Loss 106 106 106 106 180 180 180 180 Ordinary Income 110 110 110 110 Operating Income 4,087 4,087 4,087 4,087 4,097 4,097 4,097 4,097 Net Sales Consolidated ( 100 million )
Consolidated Net Sales (By Segment) 5,000 4,000 3,000 2,000 4,795 1,183 928 770 4,097 1,094 808 534 Services and Other Activities, Consolidated Eliminations Construction Components, Plant and Equipment HighGrade Casting Components for Automobiles Electronics and IT Devices 4,087 (100%) 1,031 (94%) 833 (103%) 504 (94%) 4,200 (103%) 1,019 (99%) 848 (102%) 616 (122%) 1,000 1,824 1,511 HighGrade Metal Products and Materials 1,548 (102%) 1,640 (106%) 0 FY00 FY01 FY02 FY03(Est.) (%:yearonyear)
Consolidated Net Sales (By Segment) 2,500 2,000 1,500 1,000 2,373 2,422 519 664 480 448 441 329 2,045 2,052 1,990 (97%) 500 407 289 594 401 245 Services and Other Activities, Consolidated Eliminations Construction Components, Plant and Equipment HighGrade Casting Components for Automobiles Electronics and IT Devices 485 (97%) 401 (99%) 259 (90%) 2,097 (102%) 1,980 (99%) 546 (92%) 432 (108%) 245 (100%) 439 (91%) 415 (103%) 291 (112%) 2,220 (106%) 580 (106%) 433 (100%) 325 (133%) 500 911 911 913 788 723 HighGrade Metal Products and Materials 768 (97%) 780 807 833 (108%) (105%) (107%) FY00 1H FY00 2H FY01 1H FY01 2H FY02 1H FY02 2H FY03 1H (Est.) FY03 2H (Est.) (%:yearonyear)
Consolidated Operating Profit (By Segment) 230 180 130 7 254 28 45 42 E D C B Breakdown ( yearon onyear ) HighGrade Metal Products and Materials +77 Electronics and IT Devices +84 HighGrade Casting Components for Automobiles +58 Construction Components, Plant and Equipment + 8 Services and Other Activities + 9 (+236) 12 15 E D 160 (+34) 10 47 20 D C B 80 30 20 132 A 3 7 4 110 E A D 37 73 11 C A B 118 35 A E 70 120 95 21 B C A:HighGrade Metal Products and Materials B:Electronics and IT Devices C:HighGrade Casting Components for Automobiles D:Construction Components, Plant and Equipment E:Services and Other Activities FY00 FY01 FY02 FY03(Est.) (%:yearonyear)
Nonoperating profit and loss topics FY01 FY02 1H FY02 2H FY02 Increase (Decrease) Interest and discount charges 38 13 12 25 +13 Inventories, Loss from sale of fixed assets 54 4 5 9 +45 Currency exchange profit and loss 7 9 1 8 15 Others 15 13 9 22 +7 Total 70 13 7 20 +50
Special profit and loss topics FY01 FY02 1H FY02 2H FY02 Increase (Decrease) Return of the portion of public pension funds administered by the Company 22 22 +22 Adoption of defined contribution pension plan 33 33 33 Amortization of unrecognized transitional obligation 37 15 15 30 +7 Loss on structural reform 245 16 16 +229 Sale of land 9 1 1 2 7 Gain from the disposal of stocks of affiliated Companies, equity variable profit 20 20 Total 253 8 63 55 +198
Balance Sheet: Assets 5000 4000 3000 2000 1000 0 4,570 905 526 699 146 1,762 Accounts receivable and others Marketable securities and cash equivalents Inventories Others Tangible and intangible fixed assets 4,418 867 594 679 147 1,682 532 Investment 449 and others 02/3 02/3E 03/3 03/3E Yearon onyear 152 38 +68 20 +1 80 83 03/3 /3E Increase(decrease) Accounts receivable and others Notes receivable 58 Accounts receivable 52 Receivables for completed construction work +72 Marketable securities and cash equivalents Marketable securities 59 cash equivalents +31 Affiliate deposits +96 Inventories Parent company only +19 Subsidiaries 39 Tangible and intangible fixed assets Capital investment 162 Depreciation costs 212 Disposal and retirement 13 Currency exchange transition Investment and others 17 Longterm invested assets 40 Deferred tax assets 23
Balance Sheet: Liabilities 5000 4000 3000 2000 1000 4,570 417 1,650 Accounts Receivable and others Debts payable Corporate bonds Other current 4,418 412 1,564 385 liabilities 359 Other fixed 546 liabilities, etc. 548 Shareholders equity 1,572 1,535 Yearon onyear 152 4,418 Accounts Receivable and others 5 86 26 +2 37 03/3 /3E Increase(decrease) 36 +31 Parent company only Subsidiaries, Eliminated +31 Debts payable Corporate bonds Parent company only 47 Subsidiaries, Eliminated 39 Shareholders equity Appraisal gain/loss on marketable securities Foreign currency Translation adjustments Earned surplus 39 6 27 3 0 02/3 02/3E 03/3 03/3E
Consolidated Cash Flows Item Net income before tax adjustments Depreciation costs Capital investment Others Free cash flow Reducing borrowings Dividend payments Others Net increase in cash during Current Period 02/3 433 237 178 529 155 194 19 8 50 03/3 51 212 163 226 78 11 11
250 200 150 100 Capital Investment and R&D Expenditures < Capital Investment Breakdown > < R&D Expenditures Breakdown > Depreciation expense (247) (212) (210) 168 17 29 29 42 Services and Other Activities 162 18 21 37 31 214 6 32 Construction Components, Plant and Equipment 49 HighGrade Casting Components for Automobiles 39 Electronics and IT Devices 88 120 116 80 40 R&D expenditures to sales (%) (2.8) (2.2) (2.5) 116 33 23 26 89 19 18 22 105 20 Construction Components, Plant and Equipment 20 HighGrade Casting Components for Automobiles 32 Electronics and IT Devices 50 51 55 HighGrade Metal Products and Materials 34 30 33 HighGrade Metal Products and Materials 0 FY01 FY02 FY03 (Est.) 0 FY01 FY02 FY03 (Est.)
Human Resource Trends (employees) 20,000 15,000 10,000 22,942 7,671 Overseas consolidated subsidiaries 8,670 Domestic consolidated subsidiaries 19,437 5,758 7,535 Compared to March 31,2001 5844 employees 3322 employees 1562 employees FY2002 17,098 17,200 4,349 4,650 7,108 Compared to March 31,2002 2339 employees 1409 employees 427 employees 7,000 5,000 6,601 Nonconsolidated 6,144 960 employees 5,641 503 employees 5,550 0 01/3 02/3 03/3 04/3 (Est.)