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Hitachi, Ltd. Annual Report 2007
30
Geographic Segments
Millions of
Millions of yen U.S. dollars
2007 2006 2005 2007
Revenues
Japan Outside customer revenues . . . . . . . . . . . . . . . ¥ 7,010,181 ¥ 6,747,222 ¥ 6,598,002 $ 59,408
Intersegment transactions . . . . . . . . . . . . . . . . 1,274,048 1,033,180 937,814 10,797
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,284,229 7,780,402 7,535,816 70,205
Asia Outside customer revenues . . . . . . . . . . . . . . . 1,459,549 1,178,568 1,059,197 12,369
Intersegment transactions . . . . . . . . . . . . . . . . 561,208 453,823 388,249 4,756
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,020,757 1,632,391 1,447,446 17,125
North America Outside customer revenues . . . . . . . . . . . . . . . 981,098 899,608 798,266 8,314
Intersegment transactions . . . . . . . . . . . . . . . . 89,912 64,486 34,224 762
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,071,010 964,094 832,490 9,076
Europe Outside customer revenues . . . . . . . . . . . . . . . 645,354 519,042 470,792 5,469
Intersegment transactions . . . . . . . . . . . . . . . . 37,454 27,390 20,015 317
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 682,808 546,432 490,807 5,787
Other Areas Outside customer revenues . . . . . . . . . . . . . . . 151,721 120,361 100,786 1,286
Intersegment transactions . . . . . . . . . . . . . . . . 21,574 11,182 3,545 183
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173,295 131,543 104,331 1,469
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,232,099 11,054,862 10,410,890 103,662
Eliminations & Corporate items . . . . . . . . . . . . (1,984,196) (1,590,061) (1,383,847) (16,815)
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,247,903 9,464,801 9,027,043 86,847
Operating income (loss) (note 2)
Japan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 212,316 ¥ 275,715 ¥ 274,389 $ 1,799
Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,664) 6,727 27,538 (31)
North America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,310 23,428 10,188 214
Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,312 18,702 16,382 198
Other Areas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,647 6,555 3,260 73
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 265,921 331,127 331,757 2,254
Eliminations & Corporate items . . . . . . . . . . . . (83,409) (75,115) (52,702) (707)
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182,512 256,012 279,055 1,547
Revenues by Market
Millions of
Millions of yen U.S. dollars
2007 2006 2005 2007
Japan Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 6,093,627 ¥ 5,825,156 ¥ 5,749,603 $ 51,641
Percentage of Total Revenues (%) . . . . . . . . . . 59 62 64
Outside Japan Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,859,664 1,619,235 1,406,883 15,760
Percentage of Total Revenues (%) . . . . . . . . . . 18 17 15
North America . . . . . . . . . . . . . . . . . . . . . . . . . 1,057,389 968,957 901,855 8,961
Percentage of Total Revenues (%) . . . . . . . . . . 10 10 10
Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 869,022 748,480 709,770 7,365
Percentage of Total Revenues (%) . . . . . . . . . . 988
Other Areas . . . . . . . . . . . . . . . . . . . . . . . . . . . 368,201 302,973 258,932 3,120
Percentage of Total Revenues (%) . . . . . . . . . . 433
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,154,276 3,639,645 3,277,440 35,206
Percentage of Total Revenues (%) . . . . . . . . . . 41 38 36
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,247,903 9,464,801 9,027,043 86,847
Notes: 1. This information is disclosed in accordance with a ministerial ordinance under the Securities and Exchange Law of Japan.
2. 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 and special termination benefits are included as part of operating income (loss). 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 the business structures, and as the result of the Company and its subsidiaries reviewing and reshaping the business portfolio.