Hitachi’s revenues decrease

By Joe Malone27 July 2016

Hitachi Construction Machinery (HCM) has announced a decrease in its revenues for the first quarter of the fiscal year (1 April to 30 June), revealing a 9% fall to JPY 161.3 billion (US$ 1.53 billion).

The company said that, in Japan, demand for construction machinery decreased year-on-year, with revenues falling 3.3%, while in the Americas, revenue fell 24.2% year-on-year.

There were also decreases in Russia-CIS, Africa, and the Middle East (12.2%), China (17%), and Asia and Oceania (8.9%).

In Europe, however, revenues grew 7.4% year-on-year during the first quarter of the fiscal year, due to a demand in construction machinery.

HCM also recorded an operating profit of JPY 3.6 billion (US$ 34.74 million), which is a decrease of 25.9% from the same period a year ago.

HCM said that, in light of its results, it was working on the establishment of a global management support scheme, expansion of its market share, cost reduction for securing profit, and a business/structural reform to improve its business efficiency and infrastructure model.

Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
New X-series excavator from JCB
Stage V, reduced swing model unveiled by OEM at online press conference 
Ahern Denmark officially open
Grand opening event for Ahern subsidiary, representing Snorkel, Denka Lift and Europolift 
Herc could double fleet spending in 2022
New strategy sees net fleet spending of between $820 million to $1.12 billion in 2022
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: