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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 2019 JPYUSD
Revenue9,480.61B85,492.10M
Gross Profit2,515.98B22,688.05M
Operating income754,976M6,808.04M
Income before tax516,502M4,657.59M
Net income231,682M2,089.20M
EBITDA1,123.02B10,126.90M
Diluted EPS230.242.07
Dividends Per Share850.76
Total Assets9,626.59B86,972.87M
Total liabilities5,212.18B47,090.29M
Total equity3,262.60B29,476.47M
Operating cash flow610,025M5,500.94M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 9,774.93B 10,034.30B 9,162.26B 9,368.61B 9,480.61B
Gross Profit 2,576.69B 2,575.23B 2,379.58B 2,502.09B 2,515.98B
Operating income 640,066M 601,372M 587,309M 714,630M 754,976M
Income before tax 518,994M 517,040M 469,091M 638,646M 516,502M
Net income 270,983M 229,236M 237,211M 379,008M 231,682M
EBITDA 1,121.08B 1,109.16B 1,002.49B 1,079.06B 1,123.02B
Diluted EPS 225 178.10 239.40 375.60 230.24
Dividends Per Share 60 60 65 75 85
Total Assets 12,433.72B 12,551.00B 9,663.91B 10,106.60B 9,626.59B
Total liabilities 8,137.38B 8,425.43B 5,566.92B 5,594.93B 5,212.18B
Total equity 2,942.28B 2,735.07B 2,967.08B 3,278.02B 3,262.60B
Operating cash flow 451,825M 812,226M 629,582M 727,168M 610,025M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 88,979.08M 83,560.51M 84,610.54M 84,529.54M 85,492.10M
Gross Profit 23,455.12M 21,445.20M 21,974.71M 22,575.45M 22,688.05M
Operating income 5,826.38M 5,007.91M 5,423.60M 6,447.84M 6,808.04M
Income before tax 4,724.29M 4,305.64M 4,331.90M 5,762.26M 4,657.59M
Net income 2,466.69M 1,908.95M 2,190.56M 3,419.64M 2,089.20M
EBITDA 10,205.01M 9,236.52M 9,257.68M 9,735.97M 10,126.90M
Diluted EPS 2.04 1.48 2.21 3.38 2.07
Dividends Per Share 0.54 0.49 0.60 0.67 0.76
Total Assets 103,679.18M 111,668.71M 86,726.34M 95,031.50M 86,972.87M
Total liabilities 67,853.94M 74,962.71M 49,958.91M 52,608.65M 47,090.29M
Total equity 24,534.34M 24,334.51M 26,627.34M 30,822.97M 29,476.47M
Operating cash flow 4,112.86M 6,763.79M 5,813.98M 6,560.96M 5,500.94M

Valuation Measures

Mar 2019
PER15.55
ROA2.34%
ROE7.08%
Operating margin7.96%
Profit margin2.44%

Key executives

  • President, Chief Executive Officer & Director: Toshiaki Higashihara
  • Chief Financial Officer & Senior GM-Finance: Mitsuaki Nishiyama
  • 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

Shareholders

  • Asset Management One Co., Ltd. (4.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.3%)
  • Nomura Asset Management Co., Ltd. (2.8%)
  • The Vanguard Group, Inc. (2.5%)
  • Hitachi Group Employees Stock Ownership Plan (2.1%)
  • Nippon Life Insurance Co. (1.9%)
  • BlackRock Fund Advisors (1.6%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Norges Bank Investment Management (1.4%)
  • Massachusetts Financial Services Co. (1.4%)

Contact Details

Related Companies

  • Takaosan Kankokaihatsu Ltd.
  • Hitachi Ltd. /Diagnostic Imaging Equipment Bus/
  • Hitachi Global Life Solutions, Inc.
  • Sunshine Ibaraki KK
  • Hitachi You & I Co., Ltd.
  • Hitachi Nuclear Projects Development Europe Ltd.
  • Hitachi Restricted Stock Compensation Plan
  • Hitachi Elevator Taiwan Co. Ltd.
  • Fiamm Asia Pacific Pte Ltd.
  • Hitachi Consulting Asia Pacific Pte Ltd.
  • Hitachi Industrial Equipment Singapore Pte Ltd.
  • Hitachi Drives & Automation (Italy) SRL
  • Hitachi Vantara Corp.
  • Highly Electrical Appliances India Pvt Ltd.
  • Hitachi Railway Systems
  • Hitachi Machinery Manufacturing (Shanghai) Co., Ltd.
  • Hitachi Industry & Control Solutions Ltd.
  • Digital Transmission Licensing Administrator LLC
  • Hitachi Global Storage Techs Asia Pte Ltd. /Taiwan Branch/
  • Hitachi Power Solutions Co., Ltd.
  • Hitachi Power Semiconductor Device Ltd.
  • Hitachi Ibaraki Technical Service Ltd.
  • AIMECHATEC Ltd.
  • Mitsubishi Heavy Industries Ltd. /X-Ray Equipment Business/
  • Hitachi Elevator (China) Co. Ltd. Hangzhou Engineering Co.
  • Hitachi Ltd. /Millimeter-Wave IC Business/
  • Beijing Hitachi Elevator Engineering Co. Ltd.
  • Shenzhen Hitachi Elevator Sales Co. Ltd.
  • Hitachi Pump Manufacture (Wuxi) Co. Ltd.
  • Fujian ATON Innovation Group Co. Ltd.

Competitors

  • Canon Inc.
  • Hewlett Packard Enterprise Co.
  • Sandvik AB
  • Diebold Nixdorf Incorporated
  • Thales SA
  • Atlas Copco AB Class A
  • Inspur Electronic Information Industry Co., Ltd. Class A
  • FAMUR S.A.
  • HollySys Automation Technologies Ltd.
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • NetApp, Inc.
  • Arad Investment & Industrial Development Ltd.
  • Huntsman Corporation
  • Stanley Black & Decker, Inc.
  • Standard Motor Products, Inc.
  • CyberArk Software Ltd.
  • Doosan Infracore Co., Ltd
  • Malam-Team Ltd.
  • MKS Instruments, Inc.
  • Le Belier SA
  • Bombardier Inc. Class B
  • Neo Performance Materials, Inc.
  • Terex Corporation
  • Lam Research Corporation
  • Talend SA Sponsored ADR
  • Baker Hughes Company Class A
  • Alstom SA
  • Fuel Tech, Inc.
  • SHIN HEUNG ENERGY & ELECTRONICS Co., Ltd.
  • Concepcion Industrial Corp.
Last Updated on 6 Dec, 2019

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