(CNN) -- In the Land of the Rising Sun, the fiscal year is setting in a sea of red.



Mount Fuji glows red in the sunset, much like the year-end results of Japanese manufacturers.



Electronics makers Hitachi and NEC Corp., and carmaker Nissan all ended the year with a loss. Japan's largest electronics maker, Hitachi lost $8 billion in the fiscal year ending March 31, with consolidated revenues down 11 percent from last year. It was the largest loss ever recorded by a Japanese manufacturer, according to Shinko Research Institute.



NEC Corporation lost $3 billion in the past fiscal year, down nearly 11.5 percent from last year. Meanwhile, Nissan lost $2.3 billion for the year



Declines in the automobile, semiconductor and industrial equipment industries especially hurt Hitachi, as well as write-downs of securities due to the sharp declines in global stock exchanges.  Watch more about Japanese stock values »



Hitachi said it will cut unprofitable business lines, reduce staff and eliminate factories in Japan and overseas, but gave no specifics.



Japanese firms have been hit hard by the credit crisis, which has driven up the value of the yen -- driving up the export cost of products to markets like the US, where consumers are spending less on durable goods such as automobiles and electronic products.
who had the  biggest ever loss for Japanese manufacturer What is Hitachi? What other companies posted losses? Where is Nissan located? What hurt Japanese manufacturers? What was the amount of nissan loss How much did Hitachi post losses for?
Hitachi Japan's largest electronics maker, Electronics makers Hitachi and NEC Corp., and carmaker Nissan all ended the year with a loss. Japan's credit crisis, $2.3 billion for the year $8 billion
question: who had the  biggest ever loss for Japanese manufacturer, answer: Hitachi | question: What is Hitachi?, answer: Japan's largest electronics maker, | question: What other companies posted losses?, answer: Electronics makers Hitachi and NEC Corp., and carmaker Nissan all ended the year with a loss. | question: Where is Nissan located?, answer: Japan's | question: What hurt Japanese manufacturers?, answer: credit crisis, | question: What was the amount of nissan loss, answer: $2.3 billion for the year | question: How much did Hitachi post losses for?, answer: $8 billion