Hitachi Zosen Corporation Acquires Asia Pacific Solutions According to BAC Report30 Nov 2011 • by Natalie Aster
LONDON – On November 29 Hitachi Zosen Corporation announced its acquisition of Asia Pacific Solutions, a Vietnamese IT service provider in CAD/CAE systems. Hitachi has already started engineering operations upon its new business license.
The new wholly-owned subsidiary is Hitachi’s key to capacity increase. APS will serve as a supplementary business for Japanese manufacturing sites as well as a base international production expansion.
Hitachi Zosen quarterly performance is contradictory. June 2011 showed main indices fall, while September brought significant recovery. Comparing to March results revenue and gross profit declined by 28.7% and 27.3% respectively. But September results look positive against the previous period ended June 30. Revenue and net income increased by 23.8% and 55.2%, and amounted to JPY 69281 M and JPY 992 M respectively.
2011 market environment trends:
- Global economy improvement
- Strong yen slows down production and export
- Severe employment situation
- Earthquake and tsunami in March 2011 weakens Japanese economy
- Forecast: increase in main financial indicators due to strong order book of Hitachi Zosen Inova AG and orders recovery in Environmental Systems, Industrial Plants, and Machinery segments
Company’s annual results are strong, with profit margin improved from 2.89% to 3.37%. Revenue showed 5% growth; net income was 22.4% better than in previous financial year.
Founded in 1881 and headquartered in Osaka (Japan), Hitachi Zosen Corporation engages in development, design, manufacture and distribution of various systems. The company operates in five segments: Environmental Systems, Industrial Plants, Machinery & Equipment, Infrastructure and Precision Machinery. Hitachi has regional offices in 10 countries and distributes its products all over the world.
Further details on the company’s activities, risks, financial performance and experts’ forecasts can be found in the report “Hitachi Zosen Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Hitachi Zosen Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Nov, 2011
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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