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42 Hitachi, Ltd. Annual Report 2012
To Our ShareholdersFinancial Highlights
Research and Development/
Intellectual Property
Management Structure
Financial Section/
Corporate Data Segment Information
Financial Section
Five-Year Summary
Hitachi, Ltd. and Subsidiaries
Millions of yen
2012 2011 2010 2009 2008
For the year:
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . ¥9,665,883 ¥9,315,807 ¥8,968,546 ¥10,000,369 ¥11,226,735
Operating income (note) . . . . . . . . . . . . . . 412,280 444,508 202,159 127,146 345,516
Net income (loss) attributable to
Hitachi, Ltd. . . . . . . . . . . . . . . . . . . . . . . 347,179 238,869 (106,961) (787,337) (58,125)
Cash dividends declared . . . . . . . . . . . . . . 36,728 36,133 — 9,971 19,947
Capital investment
(Property, plant and equipment) . . . . . . . . 649,234 556,873 546,326 788,466 969,087
Depreciation
(Property, plant and equipment) . . . . . . . . 360,358 382,732 441,697 478,759 541,470
R&D expenditures . . . . . . . . . . . . . . . . . . . 412,514 395,180 372,470 416,517 428,171
At year-end:
Total assets . . . . . . . . . . . . . . . . . . . . . . . . 9,418,526 9,185,629 8,964,464 9,403,709 10,530,847
Net property, plant and equipment . . . . . . 2,025,538 2,111,270 2,219,804 2,393,946 2,653,918
Total Hitachi, Ltd. stockholders’ equity . . . 1,771,782 1,439,865 1,284,658 1,049,951 2,170,612
Yen
Per share information:
Net income (loss) attributable to
Hitachi, Ltd. stockholders:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 76.81 ¥ 52.89 ¥ (29.20) ¥(236.86) ¥ (17.48)
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . 71.86 49.38 (29.20) (236.87) (17.77)
Cash dividends declared . . . . . . . . . . . . . . 8.0 8.0 — 3.0 6.0
Total Hitachi, Ltd. stockholders’ equity . . . 382.26 318.73 287.13 315.86 652.95
Number of employees . . . . . . . . . . . . . . . . . 323,540 361,745 359,746 361,796 347,810
Note: In order to be consistent with fi nancial reporting principles and practices generally accepted in Japan, operating income is presented as total revenues less cost of sales and selling, gen-
eral administrative expenses. The Company believes that this is useful to investors in comparing the Company’s fi nancial results with those of other Japanese companies. Under
accounting principles generally accepted in the United States of America, restructuring charges, net gain or loss on sales and disposal of rental assets and other property and impair-
ment losses for long-lived assets are included as part of operating income.
The restructuring charges mainly represent special termination benefi ts incurred with the reorganization of our business structures, and as the results of the Company and its subsid-
iaries reviewing and reshaping the business portfolio.
The Company has changed the number of employees to exclude temporary employees starting from the year ended March 31, 2010. Figures for prior years have been restated to
refl ect the current year presentation.