Hitachi 2009 Annual Report Download - page 19

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Revenues
(Billions of yen)
Operating income
(Billions of yen)
Capital investment
(Property, plant and equipment)
and Depreciation
(Billions of yen)
n฀n Capital investment
(Property, plant and equipment)
฀ Depreciation
Assets
(Billions of yen)
n฀Power Systems
Sales were significantly higher year over year, thanks
to growth in coal-fired thermal power plants over-
seas, especially in Europe, and nuclear power plants
in Japan.
Earnings improved from the previous fiscal year
because of fewer unprofitable projects and better
project management.
n฀Automotive Systems
Sales were down considerably year over year due to
the impact of sluggish auto sales worldwide, as well
as the impact of the sale of the mobile communica-
tions equipment business of the former Hitachi
Mobile Co., Ltd. (now Hitachi Auto Parts & Service
Co., Ltd.).
Earnings deteriorated sharply on account of lower
capacity utilization as demand dropped off, and the
impact of soaring raw materials expenses and foreign
currency movements.
06FY 07 08
3,022.2 3,568.1
3,310.5
06FY 07 08
36.3 138.4
24.2
06FY 07 08
151.9 163.0 175.8
91.7 117.4 121.4
06FY 07 08
2,728.8 3,075.5
3,052.1
n฀Urban Planning and Development Systems
Sales rose year over year due to strong growth in
elevators and escalators, mainly in China, in addition
to the effect of the security monitoring video camera
system business being transferred from the Digital
Media & Consumer Products segment.
Earnings were also up on the back of the strong
performance by elevators and escalators in China
and the Japanese market.
n฀Hitachi Construction Machinery Co., Ltd.
Both sales and earnings were down sharply year over
year due to falling global demand for construction
machinery and the impact of the stronger yen.
n฀Hitachi Plant Technologies, Ltd.
Sales were flat compared with the previous fiscal
year, as higher sales in nuclear power plant construc-
tion and maintenance inspections were negated by
the impact of lower capital expenditures in private-
sector projects and in public works.
However, earnings improved due to rigorous cost
cutting and fixed cost reductions, as well as better
project management.
Segment revenues decreased 7%, to ¥3,310.5 billion (U.S.$33,781 million), despite brisk sales of elevators and esca-
lators and railway vehicles and systems, as well as higher sales in power systems. The main factor behind the overall
decline in segment revenues was much lower sales in automotive systems and at Hitachi Construction Machinery Co.,
Ltd. Operating income tumbled 82%, to ¥24.2 billion (U.S.$247 million), reflecting a sharp deterioration in automo-
tive systems earnings and lower earnings at Hitachi Construction Machinery.
17
Hitachi, Ltd.
Annual Report 2009