Data Section

10-Year Financial Data
U.S. GAAP

Millions of yen

For the year:

FY2009FY2010FY2011FY2012FY2013

FY2014

Revenues¥8,968,546¥9,315,807¥9,665,883¥9,041,071¥9,563,791¥9,761,970

202,159444,508

412,280

422,028

538,288

600,479

Operating income

77,815443,812573,218

358,015585,662551,018

Net income (loss) attributable to Hitachi, Ltd. stockholders(106,961)

238,869

347,179

175,326

264,975

241,301

Cash flows from operating activities

798,299

841,554447,155

583,508

439,406

447,348

Cash flows from investing activities(530,595)(260,346)(195,584)(553,457)(491,363)(610,255)

Free cash flows

267,704

581,208

251,571

30,051(51,957)(162,907)

Cash flows from financing activities(502,344)(584,176)(167,838)(180,445)

32,968250,335

EBIT (Earnings before interest and taxes)—

36,13336,727

47,69050,711

57,944

Capital expenditures (Property, plant and equipment)

546,326

556,873649,234

742,537

849,877

848,716

Depreciation (Property, plant and equipment)

441,697382,732

360,358

300,664329,833

349,614

R&D expenditures

372,470

395,180

412,514341,310351,426

335,515

8,964,464

9,185,629

9,418,526

9,809,230

11,016,899

12,395,379

Cash dividends declared

At year-end:
Total assets
Property, plant and equipment

2,219,804

2,111,270

2,025,538

2,279,964

2,342,091

2,564,105

Total Hitachi, Ltd. stockholders’ equity

1,284,658

1,439,865

1,771,782

2,082,560

2,651,241

2,930,309

Interest-bearing debt

2,367,143

2,521,551

2,396,454

2,370,079

2,823,049

3,354,616
Yen

Per share data:
Net income (loss) attributable to Hitachi, Ltd. stockholders:
Basic¥(29.20)¥52.89¥76.81¥37.28¥54.86¥49.97

Diluted(29.20)

49.38

71.86

36.29

54.85

49.93

—8.0

8.0

10.0

10.5

12.0

287.13318.73382.26431.13549.02606.87

Cash dividends declared
Total Hitachi, Ltd. stockholders’ equity%
Financial ratios:
Operating income ratio

2.3

4.8

4.3

4.7

5.6

6.2

EBIT ratio

0.9

4.8

5.9

4.0

6.1

5.6

Return on revenues

‒1.2

2.6

3.6

1.9

2.82.5Return on equity (ROE)

‒9.2

17.5

21.6

9.1

11.2

8.6

Return on assets (ROA)

‒0.9

3.3

4.4

2.5

3.5

3.1

D/E ratio (Including non-controlling interests) (times)

1.04

1.03

0.86

0.75

0.73

0.78

Total Hitachi, Ltd. stockholders’ equity ratio

14.3

15.7

18.8

21.2

24.1

23.6

Notes: 1 In order to be consistent with financial reporting principles and practices generally accepted in Japan, operating income is presented as total revenues less cost of sales and selling, general andadministrative 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 sales and disposal of rental assets and other property and impairment losses for long-lived assets areincluded as part of operating income.
2 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 andreshaping the business portfolio.
3 EBIT is presented as income before income taxes less interest income plus interest charges.
4 Effective from fiscal 2014, a part of the thermal power generation systems business is classified as a discontinued operation in accordance with the provision of ASC 205-20, “Presentation of Financial
Statements—Discontinued Operations,” which was not transferred to MITSUBISHI HITACHI POWER SYSTEMS, LTD. for the business integration in the thermal power generation systems with
Mitsubishi Heavy Industries, Ltd. The results of the discontinued operation are reported separately from continuing operations. In line with this classification, “Revenues” and “Operating income” forfiscal 2013 are reclassified.
5 ROA (Return on Assets) = Net income / Total Assets (Average between the end of current fiscal year and the end of previous fiscal year) x 100

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Hitachi Integrated Report 2019

IFRS

Millions of yen

For the year:

FY2013

FY2014FY2015FY2016FY2017FY2018

Revenues¥9,666,446

9,774,930¥10,034,305¥9,162,264¥9,368,614¥9,480,619

Adjusted operating income

604,798

641,325

634,869

587,309714,630

754,976EBIT

691,230

534,059

531,003475,182644,257

513,906

Net income attributable to Hitachi, Ltd. stockholders

413,877

217,482

172,155

231,261

362,988

222,546

Net cash provided by operating activities

306,777

451,825

812,226

629,582

727,168

610,025

Net cash used in investing activities(550,179)(612,545)(730,799)(337,955)(474,328)(162,872)

Free cash flows(243,402)(160,720)

81,427

291,627

252,840

447,153

Net cash provided by (used in) financing activities

228,840

233,206(26,467)(209,536)(321,454)(320,426)

Cash dividends declared50,711

57,94457,93962,76472,41786,905

Capital expenditures (Property, plant and equipment)

491,170

431,201

528,551

377,545374,901

414,798

Depreciation (Property, plant and equipment)

331,228

350,783

366,547

302,757

265,413271,682

R&D expenditures

354,487

334,814

333,730

323,963

332,920

323,145

Total assets

11,098,191

12,433,727

12,551,005

9,663,917

10,106,603

9,626,592

Property, plant and equipment

2,258,933

2,472,497

2,500,226

1,998,411

2,124,827

1,956,685

Total Hitachi, Ltd. stockholders’ equity

2,668,657

2,942,281

2,735,078

2,967,085

3,278,024

3,262,603

Interest-bearing debt

3,033,985

3,557,356

3,604,455

1,176,603

1,050,294

1,004,771

At year-end:

Yen
Per share data:
Earnings per share attributable to Hitachi, Ltd. stockholders:
Basic
DilutedCash dividends declared
Total Hitachi, Ltd. stockholders’ equity¥85.6985.66
10.5
552.62¥45.0445.00
12.0
609.35¥35.6535.62
12.0
566.48¥47.9047.88
13.0614.56¥75.19¥375.93¥230.4775.12
375.60230.2515.0
75.0

90.0

679.003,395.00

3,378.81%

Financial ratios:
Adjusted operating income ratio

6.3

6.6

6.3

6.4

7.6

8.0

EBIT ratio

7.2

5.5

5.3

5.2

6.9

5.4

Return on revenues

4.3

2.2

1.7

2.5

3.9

2.3

Return on equity (ROE)

17.5

7.8

6.1

8.1

11.6

6.8

Return on assets (ROA)

5.0

2.9

2.4

3.0

5.0

3.3

D/E ratio (Including non-controlling interests) (times)

0.78

0.83

0.87

0.29

0.23

0.23

Total Hitachi, Ltd. stockholders’ equity ratio

24.0

23.721.8

30.7

32.4

33.9

Notes: 1 In order to be consistent with financial reporting principles and practices generally accepted in Japan, adjusted operating income 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.
2 A part of the thermal power generation systems business is classified as a discontinued operation in accordance with the provision of IFRS 5, “Non-current Assets Held for Sale andDiscontinued Operations,” which was not transferred to MITSUBISHI HITACHI POWER SYSTEMS, LTD. for the business integration in the thermal power generation systems with Mitsubishi
Heavy Industries, Ltd. The results of the discontinued operation are reported separately from continuing operations.
3 From fiscal 2013, capital investment is stated exclusive of investment in lease assets classified as finance leases.
4 On October 1, 2018, the Company completed the share consolidation of every five shares into one share for its common stock. The figures for basic and diluted earnings per share attributable
to Hitachi, Ltd. stockholders are calculated on the assumption that the Company conducted this consolidation at the beginning of the previous fiscal year.
5 ROA (Return on Assets) = Net income / Total Assets (Average between the end of current fiscal year and the end of previous fiscal year) x 100

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