HDS and Hitachi GST: 1Q09 Financial Results

The HDD maker is back to losses with revenue decreasing 27% and units shipped down 9% from 1Q08 to 1Q09.

We only publish here the results of Hitachi Ltd. for its storage business, HDDs (Hitachi GST) and optical disc drives (Hitachi-LG Data Storage) for the fiscal year and the quarter ending in March
31, 2009.

Storage revenues
(RAID subsystems and HDDs, etc) in ¥ billions

	FY08	FY09
Revenues	868.7	767.6
*Growth from previous year*		*-12%*

(Source: Hitachi Ltd.)

Storage solutions revenues in Japan
and overseas (HDS) except HDDs in ¥ billions

	FY08	FY09
Revenues	361.0	340.0
*Growth from previous year*		*-6%*

(Source: Hitachi Ltd.)

Hard disk drives (Hitachi GST) revenue in ¥ billions

	1Q08	1Q09
Revenues	146.9	97.7
*Growth from previous year*		*-33%*

(Source: Hitachi Ltd.)

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

	1Q08	1Q09
Revenues	1,415	1,026
*Growth from previous year*		*-27%*
Operating income (loss)	65	(57)

(Source: Hitachi Ltd.)

Hard disk drives (Hitachi GST)
in number of units

(in thousands)	1Q08	1Q09	*Growth*
Notebook 2.5-inch	10,500	10,200	*-3%*
Desktop, CE 3.5-inch	9,000	7,600	-16%
Enterprise	1,400	1,100	-70%
Emerging (automotive, etc)	180	220	+22%
TOTAL	21,100	19,200	-9%