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Hitachi
Hitachi (6501) investor relations material
Hitachi Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary27 Apr, 2026
Executive summary
FY 2025 marked a strong start for the Inspire 2027 plan, achieving record highs in revenue, adjusted EBITDA/EBITA, net income, and core free cash flow, driven by robust performance in Energy (Power Grids), Domestic IT (DSS), and Mobility (Railway) segments, with Lumada and HMAX digital services accelerating expansion.
Progress exceeded initial forecasts toward Inspire 2027 targets, supported by strategic investments, disciplined capital allocation, and ongoing business portfolio reforms.
Net income attributable to stockholders increased by ¥186.6 billion to ¥802.3 billion year-over-year.
Comprehensive income surged to ¥1,328.2 billion, up 136% year-over-year.
Financial highlights
FY 2025 revenue: ¥10,586.7 billion (+8% YoY), adjusted EBITA: ¥1,311.4 billion (+21% YoY), net income: ¥802.3 billion, core FCF: ¥1,170.2 billion (+389.6 billion YoY), ROIC: 12.4% (+1.5 pts YoY).
Adjusted EBITDA/EBITA margin improved by 1.3 points to 12.4%, with a target of 13.1% for FY 2026 (excluding certain risks).
EPS increased by 32% year-on-year to ¥176.76; FY 2026 forecast: ¥188.78.
Free cash flow reached ¥1,326.5 billion, up ¥727.9 billion from the previous year.
Outlook and guidance
FY 2026 revenue is projected at ¥11,100.0 billion (+5% YoY), with all four sectors expected to see increased revenue and profit.
Adjusted EBITDA/EBITA margin is forecast at 13.1% (excluding strategic investments and Middle East risk), with core FCF expected to rise (excluding large advances).
Strategic investments and Middle East risks are factored into guidance, with a JPY 40 billion revenue and JPY 20 billion EBITDA risk in Q1.
Assumptions include exchange rates of 150 yen/USD and 175 yen/euro.
Details of the Adjusted EBITA definition change
Terms of the home appliance business divestment
Drivers of the Cash Conversion Cycle improvement
Assumptions for Middle East risks beyond Q1
HMAX recurring service expansion strategy
Sustainability of advances in Core FCF growth
GlobalLogic's transition to outcome-based pricing
Direct vs indirect earnings impact of Middle East
Cross-sector data integration strategy for HMAX
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Hitachi
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Next Hitachi earnings date
Q1 202730 Jul, 2026
Hitachi
Next Hitachi earnings date
Q1 202730 Jul, 2026
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