Hitachi Metals Targets 1 Trillion Yen Sales by F2015

Hitachi Metals targets around 1 trillion yen of consolidated sales in or after fiscal 2015 ending March 2016 through sustainable growth effort in 2 step 3-year plans. The firm tries to expand the business opportunity in USA, China and Asian countries. The firm also launches new products with high performance and environmental friendly property for the next growth. The firm reshuffles the business portfolio under the current mid-term plan including acquisition of NEOMAX. The firm tries to improve the profitability and efficiency through the optimization. The firm posted 701.1 billion yen of consolidated sales for fiscal 2007, which was 8.5% higher than previous year. The firm tries to expand the sales to 300 billion yen level each for major 3 segments including high grade metal products and materials unit, high grade functional components and equipment unit and electronics and IT devices unit for fiscal 2015. The firm creates additional 100 billion yen of sales by new products line. The firm tries to minimize the downside risk through continuous growth effort. The firm also launches new environmental action program to reduce greenhouse gases. The firm cleared the target in unit basis but the gross emission is behind the target due to higher output of special steel and larger business line including NEOMAX.