Businessweek

Hitachi Ltd. reported consolidated and unconsolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, reported revenues of JPY 9,041,071 million compared to JPY 9,665,883 million a year ago. Operating income was JPY 422,028 million compared to JPY 412,280 million a year ago. Income before income taxes was JPY 344,537 million compared to JPY 557,730 million a year ago. Net income attributable to the company shareholders was JPY 175,326 million or JPY 36.29 diluted per share compared to JPY 347,179 million or JPY 71.86 diluted per share a year ago. Net cash provided by operating activities was JPY 583,508 million compared to JPY 447,155 million a year ago. Purchase of property, plant and equipment was JPY 353,175 million compared to JPY 289,805 million a year ago. Purchase of intangible assets, net was JPY 105,842 million compared to JPY 106,042 million a year ago. The company ended with a free cash flow of JPY 30 billion, or rather a decline to JPY 30 billion. For the year, on unconsolidated basis, reported revenues of JPY 1,911,529 million compared to JPY 1,870,475 million a year ago. Operating income was JPY 34,781 million compared to JPY 17,869 million a year ago. Income before income taxes was JPY 43,667 million compared to JPY 259,070 million a year ago. Net income was JPY 57,681 million or JPY 11.94 diluted per share compared to JPY 254,549 million or JPY 52.70 diluted per share a year ago. The company provided earnings guidance for the year ending March 31, 2014. For the year, the company expects revenues of JPY 9,200 million, operating income of JPY 500 million, income before income taxes of JPY 425 million and net income attributable to the company shareholders of JPY 210 million. The company likes to increase its free cash flow from this year and beyond. The company wants to achieve 5.4% operating margin in fiscal 2013.

Hitachi Ltd., Hitachi Data Systems Corporation and Hitachi Consulting Corporation announced new enterprise-class converged solutions and services to help customers accelerate adoption of and achieve faster time to value with the SAP HANA(R) platform. In cooperation with SAP, Hitachi has helped redefine legacy supply chain management, customer relationship management and enterprise resource planning solutions based on traditional database deployments using Hitachi Unified Compute Platform (UCP) Select for SAP HANA and Hitachi Live in Five services. These comprehensive offerings -- enterprise-class converged infrastructure and consulting services to rapidly deploy and run SAP HANA -- allow customers to take advantage of in-memory transactional and analytic systems, and support future applications built for the SAP HANA platform. Hitachi Solutions Integrated With SAP HANA: Hitachi Unified Compute Platform Select for SAP HANA. For scale-out applications, this robust and highly resilient, converged turnkey solution enables customers to dramatically accelerate analytics with SAP HANA on a high-performing and scalable platform that can scale to 16 nodes with 8TB of memory. For customers seeking a third-party solution to back up their SAP HANA databases onto supported tape libraries, Hitachi supports Symantec NetBackup Platform for SAP HANA, providing customers with an option to protect the persistent data layer as part of an overall strategy for platform deployments of SAP HANA into production environments. Hitachi UCP Select for SAP HANA is also offered as an enhanced scale-up version that enables customers to run SAP Business Suite software powered by SAP HANA on a high-performing platform that supports 2TB of memory. In addition, this is the perfect platform for test and development environments, and for organizations that want a smaller platform solution to determine if SAP HANA is the right choice for their business. Hitachi storage adapter for SAP NetWeaver Landscape Virtualization Management. This planned offering is expected to integrate core functions of Hitachi Virtual Storage Platform (VSP) with SAP NetWeaver(R) Landscape Virtualization Management software. By supporting operations for copy and clone functions, the adapter is intended to help improve manageability. Hitachi and SAP customers will be able to streamline management of SAP applications with Hitachi infrastructure to meet their business needs with increased IT agility. Hitachi Live in Five is a rapid proof-of-concept approach to demonstrate high-value scenarios and stand-up, production-ready solutions for SAP HANA. For a fixed scope and fixed fee, Hitachi will develop business use cases including metrics for success and associated ROI. With an average deployment timeline of weeks, not months, IT professionals are able to mitigate risk by leveraging the following benefits of the LI5 program: Tight scope, rapid project methodology (average is five weeks); A Hitachi-hosted instance or a loaner Hitachi appliance for SAP HANA; Validation of results and assistance for the customer to develop a plan to move the solution into a production environment. Most recently, Hitachi Consulting completed an LI5 proof-of-concept project for SAP HANA focused on high-value use cases for a leading consumer products company. The result was a solution that enabled business analysts to analyze data, create new insights and provide recommendations to their field sales team to positively impact key business metrics.

Hitachi Ltd. - Special Call

Hitachi Ltd., 2012 Earnings Call, May 10, 2013

Hitachi Ltd. announced that they will report fiscal year 2013 results on May 10, 2013