Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Hitachi Appliance Unit Shows Increased Revenues & Operating Loss
May 17, 2007
 Printable format
 Email this Article
 Search

Hitachi, Ltd. (Tokyo) today announced results for its fiscal year 2006, ended March 31, 2007, with revenues of approx. U.S. $86.847 billion, up 8 percent over the previous year, and operating income of $1.547 billion, down 29 percent from the previous year.

Hitachi's Digital Media & Consumer Products business, which includes Hitachi Appliances, Inc., reported strong sales for the year. Revenues were $12.763 billion, up 15 percent over the year before. This was said to be mainly the effect of merging Hitachi Air Conditioning Systems Co., Ltd., and Hitachi Home & Life Solutions, Inc., in April 2006, to form Hitachi Appliances, Inc. The increase was also a result of sales growth in flat-panel TVs, DVD camcorders, and home appliances such as high-value-added refrigerators and washer-dryers.

However, the segment reported an operating loss of approx. $495 million, primarily a result of falling prices for products such as flat-panel TVs and DVD recorders, as well as slower sales of room air-conditioners.

Hitachi also reported strong sales for its Information and Telecommunications Systems business, its LCD-making Electronic Devices business, Power & Industrial Systems, and High Functional Materials & Components. 

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows