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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 2021 JPYUSD
Revenue8,729.19B82,306.32M
Gross Profit2,195.30B20,699.22M
Operating income495,180M4,668.98M
Income before tax844,443M7,962.13M
Net income502,299M4,736.10M
EBITDA986,843M9,304.79M
Diluted EPS518.514.88
Dividends Per Share1050.99
Total Assets11,852.85B107,265.64M
Total liabilities7,394.62B66,919.64M
Total equity3,525.50B31,904.99M
Operating cash flow793,128M7,478.28M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 9,162.26B 9,368.61B 9,480.61B 8,767.26B 8,729.19B
Gross Profit 2,379.58B 2,502.09B 2,515.98B 2,370.36B 2,195.30B
Operating income 587,309M 714,630M 754,976M 661,883M 495,180M
Income before tax 469,091M 638,646M 516,502M 180,268M 844,443M
Net income 237,211M 379,008M 231,682M 89,372M 502,299M
EBITDA 1,002.49B 1,079.06B 1,123.02B 1,095.04B 986,843M
Diluted EPS 239.40 375.60 230.24 90.59 518.51
Dividends Per Share 65 75 85 95 105
Total Assets 9,663.91B 10,106.60B 9,626.59B 9,930.08B 11,852.85B
Total liabilities 5,566.92B 5,594.93B 5,212.18B 5,663.34B 7,394.62B
Total equity 2,967.08B 3,278.02B 3,262.60B 3,159.98B 3,525.50B
Operating cash flow 629,582M 727,168M 610,025M 560,920M 793,128M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 84,610.54M 84,529.54M 85,492.10M 80,636.47M 82,306.32M
Gross Profit 21,974.71M 22,575.45M 22,688.05M 21,801.34M 20,699.22M
Operating income 5,423.60M 6,447.84M 6,808.04M 6,087.63M 4,668.98M
Income before tax 4,331.90M 5,762.26M 4,657.59M 1,658.00M 7,962.13M
Net income 2,190.56M 3,419.64M 2,089.20M 821.99M 4,736.10M
EBITDA 9,257.68M 9,735.97M 10,126.90M 10,071.58M 9,304.79M
Diluted EPS 2.21 3.38 2.07 0.83 4.88
Dividends Per Share 0.60 0.67 0.76 0.87 0.99
Total Assets 86,726.34M 95,031.50M 86,972.87M 91,983.51M 107,265.64M
Total liabilities 49,958.91M 52,608.65M 47,090.29M 52,460.20M 66,919.64M
Total equity 26,627.34M 30,822.97M 29,476.47M 29,271.32M 31,904.99M
Operating cash flow 5,813.98M 6,560.96M 5,500.94M 5,159.03M 7,478.28M

Valuation Measures

Mar 2021
PER9.63
ROA4.61%
ROE15.02%
Operating margin5.67%
Profit margin5.75%

Key executives

  • President, Chief Executive Officer & Director: Toshiaki Higashihara
  • Chief Financial Officer: Yoshihiko Kawamura
  • Chief Technology Officer, Manager-R&D Group: Norihiro Suzuki
  • Chief Information Officer: Seiichiro Nukui
  • Chief Marketing Officer, EVP & Head-Sales: Ryuichi Kitayama

Shareholders

  • Asset Management One Co., Ltd. (3.9%)
  • Nomura Asset Management Co., Ltd. (3.6%)
  • The Vanguard Group, Inc. (2.3%)
  • Hitachi Group Employees Stock Ownership Plan (2.1%)
  • Nippon Life Insurance Co. (2.0%)
  • Massachusetts Financial Services Co. (2.0%)
  • Nikko Asset Management Co., Ltd. (1.7%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • BlackRock Fund Advisors (1.6%)
  • Norges Bank Investment Management (1.4%)

Contact Details

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Competitors

  • NEC Corp.
  • Canon Inc.
  • Diebold Nixdorf Incorporated
  • Nomura Research Institute,Ltd.
  • Rackspace Technology, Inc.
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Malam-Team Ltd.
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • Arad Investment & Industrial Development Ltd.
  • Thales SA
  • KYB Corporation
  • EMKOREA Co., Ltd.
  • Atlas Copco AB Class A
  • Standard Motor Products, Inc.
  • NetApp, Inc.
  • MKS Instruments, Inc.
  • BorgWarner Inc.
  • Exco Technologies Limited
  • Doosan Infracore Co., Ltd
  • Hollysys Automation Technologies Ltd.
  • Bruker Corporation
  • Fuel Tech, Inc.
  • Le Belier SA
  • Guangzhou KingTeller Technology Co., Ltd. Class A
  • Basso Industry Corp. Ltd.
  • New Power Plasma Co., Ltd.
  • Neo Performance Materials, Inc.
  • Signify NV
  • Huntsman Corporation
  • Uni-Trend Technology (China) Co., Ltd. Class A
Last Updated on 18 Jun, 2021

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