Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Japan's Hitachi looks to future after wobbly year
by Staff Writers
Tokyo (AFP) May 10, 2012


Japanese high-tech firm Hitachi said Thursday its operating profit fell in the year to March due to the earthquake and tsunami disaster at home and Thai floods, but it expected growth this year.

Hitachi said its group operating profit fell 7.3 percent from a year earlier to 412.28 billion yen ($5.17 billion) in the last fiscal year, blaming lower revenue from digital devices, the March 2011 disaster and floods in Thailand.

Profits also took a beating due to additional costs for its overseas power generation business, it said. Total revenue rose 3.8 percent to 9.67 trillion yen.

Net profit shot up 45.3 percent to 347.18 billion yen, hitting a record high for the second consecutive year.

The sharp rise stemmed largely from one-time gains from the sale of its hard disk drive business.

Hitachi, whose products range from microchips to railways, has been shifting its business focus to large-scale infrastructure projects.

Its results contrast sharply with heavy losses at many Japanese consumer electronics firms, hurt by the impact of the strong yen and punishing price competition in flat-panel televisions.

Hitachi expects its operating profit to rise 16.4 percent to 480 billion yen in the current year to March 2013, despite a 5.9 percent drop in revenue to 9.1 trillion yen. It forecast net profit to fall 42.4 percent to 200 billion yen.

-- Dow Jones Newswires contributed to this article --

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Thanks for the memory: More room for data in 'phase-change' material
Baltimore MD (SPX) May 08, 2012
A team led by Johns Hopkins engineers has discovered some previously unknown properties of a common memory material, paving the way for development of new forms of memory drives, movie discs and computer systems that retain data more quickly, last longer and allow far more capacity than current data storage media. The work was reported in the online edition of Proceedings of the National A ... read more


TECH SPACE
Perigee "Super Moon" On May 5-6

India's second moon mission Chandrayaan-2 to wait

European Google Lunar X Prize Teams Call For Science Payloads

Russia to Send Manned Mission to Moon by 2030

TECH SPACE
Prof Active In Mission To Determine Climate Change And Life On Mars

Technology developed at Caltech measures Martian sand movement

Russia could join U.S. in Mars mission

Antarctic stay to mimic Mars mission

TECH SPACE
NASA Conducts Tests on Orion Service Module

Boeing Completes Full Landing Test of Crew Space Transportation Spacecraft

How will the US biotechnology industry benefit from new patent laws?

Space -- the next frontier for Hillary Clinton?

TECH SPACE
China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

Three for Tiangong

TECH SPACE
Dancing Droplets Rock Out On Space Station

Space Station's Robotic Crew Member Designed to Look, Move and Work Like a Human

Expedition 30 Lands in Kazakhstan

Three astronauts to land from ISS Friday

TECH SPACE
A Soyuz takes shape in French Guiana for the next dual Galileo satellite launch

SpaceX boss admits sleep elusive before ISS launch

Air Force launches 2nd advanced satellite

A trio of Ariane 5 launchers are now at the Spaceport

TECH SPACE
NASA's Spitzer Sees the Light of Alien 'Super Earth'

Looking for Earths by looking for Jupiters

Some giant planets in other systems most likely to be alone

Four white dwarf stars caught in the act of consuming 'earth-like' exoplanets

TECH SPACE
Thailand buys Chinese tablet computers for schools

Curtiss-Wright Controls Awarded Contract By Alenia Aermacchi

Japan's Hitachi looks to future after wobbly year

KIT Researchers Succeed in Realizing a New Material Class




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement