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Hitachi Reports Higher CE Profits In Fiscal Q3

2/04/2010 12:37:28 PM Eastern

Tokyo - Hitachi reported an
increase in profits on slightly lower revenues and higher operating profits in
its CE operation for its fiscal third quarter, ended Dec. 31.

Company-wide revenues were $23.5 billion, or 2.157 trillion yen,
down 5 percent in yen for the quarter when compared with last year. Net income
was $339 million, or 430.1 billion yen, up dramatically from the previous
year's net income of 31.2 billion yen.

In its digital media and consumer products segment, revenue was
down 15 percent to $2.85 billion but operating income was $46 million, or 20.3
billion yen, up from the prior year's 4.1 billion yen.

Hitachi said the segment continue to have strong sales in
optical-disk-drive-related products but overall segment sales reflected the
impact of the large reduction of overseas sales channels for flat-panel TVs as
part of business structural reforms designed to lower operation risk.

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