The company expects further dilution of 3-4 cents a share in FY 2012, and 1-2 cents in FY 2013.

FORBES: Connect

On a discounted cash flow basis, he adds, the market is valuing the stock as if it will show free cash flow growth of -2% in perpetuity beyond FY 2012.

FORBES: Apple: The Stock Seems Insanely Cheap; Where's The Love?

In FY 2007- 2009, Hitachi recorded losses totaling JPY 952 billion (USD 12.2 billion).

FORBES: Hitachi Ltd. CEO Nakanishi Writing Template for Restoring Global Competitiveness for Japanese Industry (1)