Hitachi Construction Machinery posted a 7.8-percent increase in revenues in its fiscal year ending March 31, compared with its previous fiscal year. The company had 1,033,703 million yen in revenues this fiscal year, compared to 959,153 million yen the previous year. In issuing its results, Hitachi also warned that it expects its 2019 fiscal year results (through March 31, 2020) to be down 8.1 percent, to 950,000 million yen, citing a “slight decrease in global hydraulic excavator demand” compared to the previous fiscal year. For the 2019 fiscal year, net sales saw a 14.4 percent increase, rising to 545,949 million yen from 477,221 million yen from the previous fiscal year. ACME rental investment, electric excavators In reporting its results, Hitachi noted its 33.3-percent equity buy of ACME Lift , an Arizona-based equipment rental company, as part of its emphasis to “expand the source of revenue besides new machine sales.” When the ACME purchase was announced in September,