Hitachi GST and HDS: 4CQ09 Financial Results

We publish only here the results of Hitachi Ltd. for its storage activities during second calendar quarter (2Q09) ending in December 31, 2009.

Storage solutions revenues (HDS and Japan)

(in ¥ billions)	4CQ08	4CQ09	9 mo. 08	9 mo. 09
Revenues	83.0	82.0	261.0	224.0
Growth from previous year		*-1%*		-14%

(Source: Hitachi Ltd.)

Hard disk drives (Hitachi GST) revenues in ¥ billions

(in ¥ billions)	4CQ08	4CQ09	9 mo. 08	9 mo. 09
Revenues	118.9	125.0	573.3	451.7
Growth from previous year		5%		-21%
Operating income	0.4	12.3	21.4	9.2

(Source: Hitachi Ltd.)

Hard disk drives (Hitachi GST) revenues in U.S. $ millions

(in $ millions)	4CQ08	4CQ09	9 mo. 08	9 mo. 09
Revenues	1,252	1,394	5,574	4,821
Growth from previous year		*11%*		-14%
Operating income	4	137	208	106

(Source: Hitachi Ltd.)

Hard disk drives (Hitachi GST) in number of units

(in thousands)	4CQ08	4CQ09	*Growth*	9 mo. 09	2009	% 2009
Notebook, CE 2.5-inch	11,900	14,400	*21%*	48,200	50,600	55%
Desktop, CE 3.5-inch	8,700	7,100	-18%	36,200	31,700	35%
Enterprise	1,300	1,700	7%	5,700	5,500	6%
Emerging (automotive, etc)	360	840	133%	1,140	2,070	2%
External HDDs	–	880	NA	–	1,550	2%
TOTAL	22,260	24,920	12%	91,240	91,420	100%

(Source: Hitachi Ltd.)

Comments

Sales of storage systems in Japan and outside (HDS) decreased 1% from fiscal 4CQ08 to 4CQ09, and revenues of Hitachi GST are up 5% in yens and 11% in U.S. dollars for the same two periods.

Shipments of HDDs increased 12% with desktop units continuing to decrease (-18%) as sales of notebook devices are up 21%. But Hitachi GST got good results in enterprise drives (+7%) against its main competitor in this field, Seagate, and recorded continuing surprising growth (+133%) in HDDs for specialized markets like the automotive industry. For the first time, since its acquisition of Fabrik including storage brands G-Technology and SimpleTech, Hitachi disclosed the results of its external HDDs, 880,000 being sold in the last quarter and 1,550,000 during the year 2009.