Hitachi 2005 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2005 Hitachi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

Hitachi, Ltd. Annual Report 2006 27
Hitachi Transport
System, Ltd.
Sales increased year on year. In the
domestic distribution and transport busi-
ness, sales rose on sharply higher sales in
the third-party logistics solutions business
due to new orders. Sales also increased in
the global distribution and transport busi-
ness on higher volumes of goods handled.
Earnings rose year on year due to
growth in the third-party logistics solutions
business and cost cutting.
Others
Hitachi Mobile Co., Ltd. recorded lower
year-on-year sales due to a lackluster
performance in the mobile communica-
tions business. The company also saw
Hitachi Transport
System has opened
a joint distribution
center for the toilet-
ries industry
—East Japan PFC
(Platform Center)—
earnings fall as costs increased in line with
the development of sales bases and due
to other factors.
Overseas general trading companies
posted lower sales but earnings improved.
Segment revenues declined 3%, to ¥1,214.7 billion
(U.S.$10,383 million). While Hitachi Transport System,
Ltd. posted strong sales, Hitachi Mobile Co., Ltd. saw
sales fall, as did overseas general trading companies.
Operating income jumped 99% year on year, to ¥19.5
billion (U.S.$167 million) due to higher earnings at
Hitachi Transport System, Ltd. and other factors.
Hitachi Capital Corporation
Volume rose over the previous fiscal year.
Earnings also increased, the result of
efforts to pare operating expenses, in
addition to strong earnings in installment
finance and others.
In the finance sector, volumes were
unchanged from a year earlier, with lower
Multifunctional IC
card and electronic
toll collection auto
card
Segment revenues decreased 2%, to ¥517.9
billion (U.S.$4,427 million), reflecting in part flat
revenues at Hitachi Capital Corporation. Operating
income increased 13%, to ¥35.0 billion (U.S.$299
million), mostly on higher earnings at Hitachi
Capital Corporation.
Logistics, Services & Others
Financial Services
volumes in the automobile finance busi-
ness being offset by firm growth in infor-
mation equipment-related leases and
home loans. Sector earnings rose due to
reductions in operating expenses.
In other financial services, volume rose
year on year. This reflected an increase in
the number of cardholders in the card
businesses. The provision of new insur-
ance products in the non-life insurance
business and an increase in the customer
base in the outsourcing business also
drove volume higher. Earnings rose on the
higher volume and other factors.