Hitachi has published its financial report last week, according to which the profit margins have dropped. However, the Japanese firm has not dropped its expected profits for the end of the financial year. Hitachi has re-aggregated its organisation of 11 main work areas under 5 main groups and is very hopeful about what the future holds for the company. Following the decisive announcement, Hitachi shares started to rise.
In 2008, Hitachi had declared $8 billion loss due to a lack of focus in operations and the costs incurred in order to maintain the company's structural integrity. This was a record high for a corporation in Japan at the time. Since then, the company has been restructuring itself and according to Q3 figures in 2011, the efforts have finally started to pay off.
Although for the last quarter of 2011, net profits have dropped to $439M, this decline is attributed to the restructuring efforts of the company. By the end of 31 March 2012, the company is expecting a 2% increase in revenues and a 38% drop in profit margins. Nevertheless, Hitachi is hopeful about the future and is nearing the completion of restructuring.
Rising trend in shares indicates that the investors seem to be convinced as well for the time being at least.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.