Hitachi 2004 Annual Report Download - page 82

78 Hitachi, Ltd. Annual Report 2005
Five-Year Summary
Hitachi, Ltd. and Subsidiaries
Millions of yen
2005 2004 2003 2002 2001
For the year:
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥9,027,043 ¥8,632,450 ¥ 8,191,752 ¥7,993,784 ¥ 8,416,982
Operating income (loss) (note) . . . . . . . . . . . . . . . . . 279,055 184,863 152,967 (117,415) 342,312
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,496 15,876 27,867 (483,837) 104,380
Cash dividends declared . . . . . . . . . . . . . . . . . . . . . . 36,462 26,385 20,107 10,013 36,716
Capital investment
(Property, plant and equipment) . . . . . . . . . . . . . . . 959,593 816,547 787,496 856,279 971,095
Depreciation (Property, plant and equipment) . . . . . 425,080 436,053 480,274 529,418 505,507
R&D expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . 388,634 371,825 377,154 415,448 435,579
At year-end:
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,736,247 9,590,322 10,179,389 9,915,654 11,246,608
Net property, plant and equipment . . . . . . . . . . . . . . 2,357,931 2,232,862 2,601,050 2,514,424 2,674,957
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . 2,307,831 2,168,131 1,853,212 2,304,224 2,861,502
Yen
Per share information:
Net income (loss):
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 15.53 ¥ 4.81 ¥ 8.31 ¥(144.95) ¥ 31.27
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.15 4.75 8.19 (144.95) 30.32
Net income (loss) per ADS
(representing 10 shares):
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 48 83 (1,450) 313
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 47 82 (1,450) 303
Cash dividends declared . . . . . . . . . . . . . . . . . . . . . . 11.0 8.0 6.0 3.0 11.0
Cash dividends declared per ADS
(representing 10 shares) . . . . . . . . . . . . . . . . . . . . . 110 80 60 30 110
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . 692.73 657.42 550.76 690.28 857.27
Number of employees. . . . . . . . . . . . . . . . . . . . . . . . . . 347,424 326,344 339,572 321,517 340,939
Note: In order to be consistent with financial reporting principles and practices generally accepted in Japan, operating income (loss) is presented as
total revenues less cost of sales and selling, general and administrative expenses. The Company believes that this is useful to investors in
comparing the Company’s financial 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 sale and disposal of rental assets and other property, impairment losses,
special termination benefits and the losses resulting from the remeasurement of the obligation upon adoption of EITF Issue No. 03-2, “Accounting
for the Transfer to the Japanese Government of the Substitutional Portion of Employee Pension Fund Liabilities,” are included as part of operating
income (loss) for the years ended March 31, 2005, 2004 and 2003. See the consolidated statements of operations and notes 18, 19 and 20 to the
consolidated financial statements.
The restructuring charges mainly represent special termination benefits incurred with the reorganization of our business structures, and as the result of
the Company and its subsidiaries reviewing and reshaping the business portfolio. Impairment losses, the restructuring charges and net loss on sale and
disposal of rental assets and other property for the years ended March 31, 2002 and 2001 totaled ¥349,361 million and ¥16,590 million, respectively.