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Producer Manufacturing

Hitachi Ltd.

Business Summary

Hitachi Ltd. engages in the manufacture and sale of electrical equipment. It operates through the following segments: IT, Energy, Industry, Mobility, Life, Hitachi High Technologies, Hitachi Construction Machinery, Hitachi Metals, Hitachi Chemical and Others. The IT segment handles system integration, consulting, control system, cloud service, software, IT products such as storage and servers, and automated teller machines. The Energy segment pertains to power generation system (nuclear power, renewable energy, thermal power) and power grid system. The Industry segment covers industrial and distribution system, water and environment system, and industrial equipment. The Mobility segment includes building system like elevator and escalator, and railway system. The Life segment manages medical equipment; life and ecosystem such as refrigerator, washing machine, room air conditioner and commercial air conditioner; automotive system including powertrain system, chassis system and advanced driving support system. The Hitachi High Technologies segment covers medical / life science products, analytical equipment, semiconductor manufacturing equipment, manufacturing / inspection equipment, and advanced industrial materials. The Hitachi Construction Machinery segment handles hydraulic excavator, wheel loader, mining machine, maintenance / service, civil engineering solution, and mine operation management system. The Hitachi Metals segment manages special steel products, base material products, magnetic materials / power electronics, and wire materials. The Hitachi Chemical segment covers functional materials (electronic materials, wiring board materials, electronic components), advanced components and systems (mobility materials, power storage devices, life science related products). The Others segment comprises of optical disc drives and real estate management, buy and sell. The company was founded by Namihei Odaira in 1910 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue8,767.26B80,636.47M
Gross Profit2,370.36B21,801.34M
Operating income661,883M6,087.63M
Income before tax180,268M1,658.00M
Net income89,372M821.99M
EBITDA1,095.04B10,071.58M
Diluted EPS90.590.83
Dividends Per Share950.87
Total Assets9,930.08B91,983.51M
Total liabilities5,663.34B52,460.20M
Total equity3,159.98B29,271.32M
Operating cash flow560,920M5,159.03M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 10,034.30B 9,162.26B 9,368.61B 9,480.61B 8,767.26B
Gross Profit 2,575.23B 2,379.58B 2,502.09B 2,515.98B 2,370.36B
Operating income 601,372M 587,309M 714,630M 754,976M 661,883M
Income before tax 517,040M 469,091M 638,646M 516,502M 180,268M
Net income 229,236M 237,211M 379,008M 231,682M 89,372M
EBITDA 1,109.16B 1,002.49B 1,079.06B 1,123.02B 1,095.04B
Diluted EPS 178.10 239.40 375.60 230.24 90.59
Dividends Per Share 60 65 75 85 95
Total Assets 12,551.00B 9,663.91B 10,106.60B 9,626.59B 9,930.08B
Total liabilities 8,425.43B 5,566.92B 5,594.93B 5,212.18B 5,663.34B
Total equity 2,735.07B 2,967.08B 3,278.02B 3,262.60B 3,159.98B
Operating cash flow 812,226M 629,582M 727,168M 610,025M 560,920M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 83,560.51M 84,610.54M 84,529.54M 85,492.10M 80,636.47M
Gross Profit 21,445.20M 21,974.71M 22,575.45M 22,688.05M 21,801.34M
Operating income 5,007.91M 5,423.60M 6,447.84M 6,808.04M 6,087.63M
Income before tax 4,305.64M 4,331.90M 5,762.26M 4,657.59M 1,658.00M
Net income 1,908.95M 2,190.56M 3,419.64M 2,089.20M 821.99M
EBITDA 9,236.52M 9,257.68M 9,735.97M 10,126.90M 10,071.58M
Diluted EPS 1.48 2.21 3.38 2.07 0.83
Dividends Per Share 0.49 0.60 0.67 0.76 0.87
Total Assets 111,668.71M 86,726.34M 95,031.50M 86,972.87M 91,983.51M
Total liabilities 74,962.71M 49,958.91M 52,608.65M 47,090.29M 52,460.20M
Total equity 24,334.51M 26,627.34M 30,822.97M 29,476.47M 29,271.32M
Operating cash flow 6,763.79M 5,813.98M 6,560.96M 5,500.94M 5,159.03M

Valuation Measures

Mar 2020
PER34.65
ROA0.91%
ROE2.78%
Operating margin7.54%
Profit margin1.01%

Key executives

  • President, Chief Executive Officer & Director: Toshiaki Higashihara
  • CTO, Managing Executive Officer, Manager-R&D Group: Norihiro Suzuki
  • Executive Vice President, Head-Environment & Water: Masakazu Aoki
  • Executive Vice President, Head-Nuclear & Energy: Toshikazu Nishino
  • EVP, Senior GM-Life, Lifestyle & Ecosystem: Keiji Kojima

Shareholders

  • Asset Management One Co., Ltd. (4.4%)
  • Nomura Asset Management Co., Ltd. (3.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.3%)
  • The Vanguard Group, Inc. (2.7%)
  • Hitachi Group Employees Stock Ownership Plan (2.1%)
  • Nippon Life Insurance Co. (2.0%)
  • Massachusetts Financial Services Co. (1.9%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Daiwa Asset Management Co. Ltd. (1.5%)
  • BlackRock Fund Advisors (1.5%)

Contact Details

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Competitors

  • NEC Corp.
  • Canon Inc.
  • Hewlett Packard Enterprise Co.
  • Diebold Nixdorf Incorporated
  • Nomura Research Institute,Ltd.
  • Malam-Team Ltd.
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Atlas Copco AB Class A
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • Arad Investment & Industrial Development Ltd.
  • EMKOREA Co., Ltd.
  • KYB Corporation
  • PT Selamat Sempurna Tbk
  • Thales SA
  • Standard Motor Products, Inc.
  • NetApp, Inc.
  • MKS Instruments, Inc.
  • Hollysys Automation Technologies Ltd.
  • Doosan Infracore Co., Ltd
  • Huntsman Corporation
  • Bruker Corporation
  • Le Belier SA
  • Otis Worldwide Corporation
  • Guangzhou KingTeller Technology Co., Ltd. Class A
  • Bombardier Inc. Class B
  • Neo Performance Materials, Inc.
  • Basso Industry Corp. Ltd.
  • Signify NV
  • Electrolux AB Class B
  • Fuel Tech, Inc.
Last Updated on 26 Oct, 2020

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