Hitachi 2012 Annual Report Download - page 46

44 Hitachi, Ltd. Annual Report 2012
To Our ShareholdersFinancial Highlights
Research and Development/
Intellectual Property
Management Structure
Financial Section/
Corporate Data Segment Information
primarily to an increase in a net gain on securities. In the year
ended March 31, 2012, net gain on securities was ¥209.7
billion, an increase of ¥148.6 billion compared with the year
ended March 31, 2011. This increase in net gain on securi-
ties consisted mainly of a gain from the sales of shares of
Viviti Technologies Ltd. and Hitachi Displays, Ltd. Net gain
on sale and disposal of rental assets and other property
increased to ¥19.1 billion, compared with a net loss on sale
and disposal of rental assets and other property of ¥3.1 bil-
lion in the year ended March 31, 2011.
Interest charges increased ¥3.2 billion to ¥28.1 billion, as
compared with the year ended March 31, 2011.
Other deductions decreased ¥10.5 billion to ¥3.0 billion,
as compared with the year ended March 31, 2011.
Equity in net loss of affi liated companies decreased ¥4.5
billion to ¥15.5 billion in the year ended March 31, 2012, as
compared with the year ended March 31, 2011. This was
due primarily to a decrease in the loss resulting from our
interest in Renesas Electronics Corporation, our equity meth-
od affi liate in the semiconductor industry.
As a result of the foregoing, income before income taxes
increased ¥125.5 billion to ¥557.7 billion, as compared with
the year ended March 31, 2011.
Income taxes increased ¥15.8 billion to ¥144.9 billion, as
compared with the year ended March 31, 2011. The
increase was due primarily to revisions of Japanese taxation
for corporations.
Net income increased ¥109.6 billion to ¥412.8 billion in
the year ended March 31, 2012, as compared with the year
ended March 31, 2011.
In the year ended March 31, 2012, net income attributable
to noncontrolling interests was ¥65.6 billion, an increase of
¥1.3 billion compared with the year ended March 31, 2011.
As a result of foregoing, net income attributable to Hitachi,
Ltd. increased ¥108.3 billion to ¥347.1 billion.
For details of performance by segment, please see
“Review of Operations” on pages 14 to 33.
Revenues by Geographic Area
Millions of yen
Years ended March 31, 2012 2011
Percent
change
Japan . . . . . . . . . . . . . . ¥5,534,462 ¥5,269,259 +5%
Outside Japan
Asia . . . . . . . . . . . . . 2,000,989 2,073,756 -4%
North America . . . . . . 869,014 781,139 +11%
Europe . . . . . . . . . . . 761,125 760,011 +0%
Other Areas . . . . . . . 500,293 431,642 +16%
Subtotal . . . . . . . . . . 4,131,421 4,046,548 +2%
Total . . . . . . . . . . . ¥9,665,883 ¥9,315,807 +4%
Japan
Revenues in Japan in the year ended March 31, 2012 were
¥5,534.4 billion, a 5% increase compared with the year
ended March 31, 2011. The increase was due primarily to
increased revenues in the Information & Telecommunication
Systems, Power Systems and Construction Machinery seg-
ments. The increase was also attributable to increased reve-
nues in the Others segment, resulting from higher revenues
at Hitachi Transport System, Ltd. owing to the effect of mak-
ing Vantec Corporation a consolidated subsidiary in April
2011 and to healthy growth in sales in third-party logistics
solutions. The increase was partially offset by lower revenues
in the Components & Devices segment due primarily to the
effect of the Great East Japan Earthquake and fl oods in
Thailand, and decreased revenues in the Digital Media &
Consumer Products and Financial Services segments.
Asia
Revenues in Asia in the year ended March 31, 2012 were
¥2,000.9 billion, a 4% decrease compared with the year
ended March 31, 2011. The decrease was due primarily to
decreased revenues in the Construction Machinery,
Components & Devices and Digital Media & Consumer
Products segments. The decreased revenues in the
Construction Machinery segment resulted from lower
demand in China for hydraulic excavators. The decreased