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Hitachi
Hitachi (6501) investor relations material
Hitachi Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Jan, 2026
Executive summary
Q3 FY2025 delivered record highs in revenue, adjusted EBITDA/EBITA, and core free cash flow, driven by strong growth in Energy, Mobility, and Digital Systems & Services (DSS), with robust Japanese IT business performance.
Core free cash flow increased significantly due to profit growth and higher advances received in Energy.
All key financial metrics, including revenue, profit, cash flow, and ROIC, were revised upward for the full-year outlook.
Business portfolio reforms continued, including asset sales, segment reclassification, and a focus on digital and AI-driven solutions.
Comprehensive income rose 76% year-on-year, supported by strong operating performance and favorable foreign currency translation.
Financial highlights
Q3 FY2025 revenue: ¥2,714.3bn (+10% YoY), adjusted EBITA: ¥346.2bn (+64.4bn YoY), margin: 12.8% (+1.4 pts), net income: ¥165.6bn (+27.1bn YoY), core FCF: ¥289.1bn (+83.4bn YoY).
Nine-month revenue reached ¥7,501.8bn (+7% YoY), net income attributable to stockholders up 48% to ¥638.6bn.
Gross profit rose to ¥2,234.9bn (+11% YoY); adjusted operating income increased 26% to ¥825.7bn.
Cash and cash equivalents at period end were ¥1,124.7bn, up ¥258.4bn from March 2025; D/E ratio improved to 0.16x.
Free cash flow increased to ¥987.5bn, up ¥790.9bn year-over-year.
Outlook and guidance
Full-year forecasts for revenue, profit, cash flow, and ROIC revised upward, with revenue expected to grow 7% year-on-year excluding FX.
FY2025 forecast: revenue ¥10,500.0bn (+7% YoY), adjusted EBITA ¥1,260.0bn (+176.4bn YoY), net income ¥760.0bn (+144.2bn YoY), core FCF ¥1,000.0bn (+219.4bn YoY), ROIC 11.8% (+0.9 pts).
Management emphasizes continued focus on digital transformation and growth in Social Innovation Business.
Share repurchase program of up to 30 million shares (¥100bn) authorized for Q1 2026.
Strategic rationale for equity associate sales?
Drivers of business reorganization gain/loss?
Rationale for new share repurchase program?
Storage Business: Path to DSS average profitability?
HMAX: Key growth areas and partner strategy?
CI reorganization: Objectives and expected outcomes?
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Next Hitachi earnings date
Q4 202624 Apr, 2026
Hitachi
Next Hitachi earnings date
Q4 202624 Apr, 2026
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Frequently asked questions
Hitachi, Ltd., incorporated on December 17, 1910, provides information technology, energy, industry, mobility, and smart life solutions in Japan and internationally. It operates through Information & Telecommunication Systems, Social Infrastructure & Industrial Systems, Electronic Systems & Equipment, Construction Machinery & High Functional Materials & Components, Automotive Systems, Smart Life & Ecofriendly Systems, Power Systems and Financial Services segments.
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