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Hitachi (6501) investor relations material
Hitachi Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
First quarter FY2026 revenue rose 20% year-on-year to ¥2,709.6 billion, driven by business expansion, favorable foreign exchange effects, and strong performance across all sectors, especially Energy.
Adjusted EBITA and revenue reached record Q1 highs; net income attributable to shareholders was ¥203.1 billion, with core free cash flow and comprehensive income both increasing year-over-year.
All four sectors (DSS, Energy, Mobility, Connective Industries) achieved double-digit revenue growth, with Energy and Mobility leading.
The acquisition of Clever Devices was completed, expanding the Mobility segment's digital capabilities.
Share buybacks in Q1 totaled about ¥148.0 billion, representing 27% of the full-year target, and dividends paid to shareholders totaled ¥121.6 billion.
Financial highlights
Q1 revenue: ¥2,709.6 billion (+20% YoY); adjusted EBITA: ¥323.5 billion (+86.0 billion YoY), margin 11.9% (+140 bps YoY); gross profit increased 22% to ¥809.7 billion.
Net income: ¥203.1 billion; core free cash flow: ¥365.0 billion (+13.6 billion YoY); basic EPS grew 1% to ¥42.24.
Cash and cash equivalents increased by ¥181.0 billion to ¥1,504.5 billion; net cash provided by operating activities was ¥496.2 billion.
Full-year revenue forecast raised to ¥11,700.0 billion (+11% YoY), adjusted EBITA to ¥1,520.0 billion, and net income to ¥900.0 billion.
Lumada business accounted for 43% of consolidated revenue in Q1, with a 22% year-on-year increase planned for FY2026.
Outlook and guidance
Full-year forecasts for revenue, adjusted EBITA, net income, core free cash flow, and ROIC were raised, with consolidated revenue, adjusted EBITA, and net income guidance increased by ¥600.0 billion, ¥100.0 billion, and ¥50.0 billion, respectively.
CAPEX for FY2026 is expected to reach ¥670.0 billion, mainly in the Energy sector; Q1 CAPEX was ¥131.1 billion.
Shareholder returns for FY2026 include a planned ¥550.0 billion share buyback and ¥250.0 billion in dividends.
Foreign exchange assumptions revised to JPY 160/USD and JPY 185/EUR for Q2 onward.
Management highlights ongoing risks from global economic conditions, exchange rates, and raw material prices.
- Upward FY24 guidance and robust growth in digital, energy, and mobility sectors.6501
Q3 20259 Jul 2026 - Digital transformation targets 80% Lumada sales, 13-15% EBITA margin, and global digital growth.6501
Investor Day 20258 Jul 2026 - Leadership transition prioritizes digital growth, global expansion, and sustained financial outperformance.6501
Status Update8 Jul 2026 - Record FY2024 profits and robust FY2025 outlook with expanded shareholder returns.6501
Q4 20258 Jul 2026 - Accelerating digital-driven growth, targeting ¥9T FY24 revenue with Lumada and global investments.6501
Investor Day 20248 Jul 2026 - Record Q1 profits and robust Energy, Mobility, and Lumada growth drive strong FY2025 outlook.6501
Q1 20268 Jul 2026 - AI-driven growth, HMAX expansion, and disciplined investment drive record profits and margin targets.6501
Investor Day 202610 Jun 2026 - Record revenue and profit growth in FY 2025, with robust FY 2026 outlook and major capital actions.6501
Q4 202630 Apr 2026 - Lumada-driven growth, digital innovation, and AI expansion fuel sustainable value creation.6501
Investor presentation27 Apr 2026
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