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Producer Manufacturing

Hitachi Ltd.

Business Summary

Hitachi Ltd. is engaged in the manufacture and sale of electrical equipment. It operates through the following segments: Information Technology (IT), Energy, Industry, Mobility, Life, Hitachi High Technologies, Hitachi Construction Machinery, Hitachi Metals, Hitachi Chemical and Others. The IT segment handles systems integration, consulting, control systems, cloud services, software, IT products such as storage and servers, and automated teller machines. The Energy segment pertains to power generation systems (nuclear power, renewable energy & thermal power) and power grid systems. The Industry segment covers industrial and distribution systems, water & environment systems, and industrial equipment. The Mobility segment includes building systems like elevators & escalators, and railway systems. The Life segment manages medical equipment; life & ecosystems such as refrigerator, washing machine, room & commercial air conditioner; automotive systems including powertrain system, chassis systems and advanced driving support systems. 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 excavators, wheel loaders, mining machines, maintenance services, civil engineering solutions, and mine operation management systems. 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 provides optical disc drives and real estate management services. The company was founded by Namihei Odaira in 1910 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue10,264.60B91,344.28M
Gross Profit2,558.62B22,769.06M
Operating income738,236M6,569.53M
Income before tax798,848M7,108.91M
Net income583,470M5,192.27M
EBITDA1,278.48B11,377.21M
Diluted EPS602.955.36
Dividends Per Share1251.11
Total Assets13,887.50B114,418.14M
Total liabilities8,532.22B70,296.39M
Total equity4,341.83B35,772.07M
Operating cash flow729,943M6,495.73M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 9,368.61B 9,480.61B 8,767.26B 8,729.19B 10,264.60B
Gross Profit 2,502.09B 2,515.98B 2,370.36B 2,195.30B 2,558.62B
Operating income 714,630M 754,976M 661,883M 495,180M 738,236M
Income before tax 638,646M 516,502M 180,268M 805,579M 798,848M
Net income 379,008M 231,682M 89,372M 502,299M 583,470M
EBITDA 1,079.06B 1,123.02B 1,095.04B 986,843M 1,278.48B
Diluted EPS 375.60 230.24 90.59 518.51 602.95
Dividends Per Share 75 85 95 105 125
Total Assets 10,106.60B 9,626.59B 9,930.08B 11,852.85B 13,887.50B
Total liabilities 5,594.93B 5,212.18B 5,663.34B 7,394.62B 8,532.22B
Total equity 3,278.02B 3,262.60B 3,159.98B 3,525.50B 4,341.83B
Operating cash flow 727,168M 610,025M 560,920M 793,128M 729,943M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 84,529.54M 85,492.10M 80,636.47M 82,306.32M 91,344.28M
Gross Profit 22,575.45M 22,688.05M 21,801.34M 20,699.22M 22,769.06M
Operating income 6,447.84M 6,808.04M 6,087.63M 4,668.98M 6,569.53M
Income before tax 5,762.26M 4,657.59M 1,658.00M 7,595.68M 7,108.91M
Net income 3,419.64M 2,089.20M 821.99M 4,736.10M 5,192.27M
EBITDA 9,735.97M 10,126.90M 10,071.58M 9,304.79M 11,377.21M
Diluted EPS 3.38 2.07 0.83 4.88 5.36
Dividends Per Share 0.67 0.76 0.87 0.99 1.11
Total Assets 95,031.50M 86,972.87M 91,983.51M 107,265.64M 114,418.14M
Total liabilities 52,608.65M 47,090.29M 52,460.20M 66,919.64M 70,296.39M
Total equity 30,822.97M 29,476.47M 29,271.32M 31,904.99M 35,772.07M
Operating cash flow 6,560.96M 5,500.94M 5,159.03M 7,478.28M 6,495.73M

Valuation Measures

Mar 2022
PER10.21
ROA4.53%
ROE14.83%
Operating margin7.19%
Profit margin5.68%

Key executives

  • Executive President, CEO & Representative Director: Keiji Kojima
  • Chief Finance & Risk Management Officer: Yoshihiko Kawamura
  • Chief Technology Officer, Manager-R&D Group: Norihiro Suzuki
  • Chief Information Officer & Senior GM-IT Digital: Seiichiro Nukui
  • Executive Vice President, Head-Environment & Water: Masakazu Aoki

Shareholders

  • Nomura Asset Management Co., Ltd. (3.9%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.9%)
  • The Vanguard Group, Inc. (2.4%)
  • Nikko Asset Management Co., Ltd. (2.1%)
  • Nippon Life Insurance Co. (2.0%)
  • Hitachi Group Employees Stock Ownership Plan (2.0%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • BlackRock Fund Advisors (1.7%)
  • Fidelity Management & Research Co. LLC (1.5%)
  • Norges Bank Investment Management (1.4%)

Contact Details

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Competitors

  • Siemens AG
  • Alstom SA
  • Panasonic Holdings Corporation
  • Schneider Electric SE
  • Emerson Electric Co.
  • Tata Consultancy Services Limited
  • Continental AG
  • Accenture Plc Class A
  • Aisin Corporation
  • DENSO CORPORATION
  • Cognizant Technology Solutions Corporation Class A
  • Valeo SE
  • Applied Materials, Inc.
  • Abbott Laboratories
  • thyssenkrupp AG
  • Nomura Research Institute,Ltd.
  • Diebold Nixdorf Incorporated
  • Capgemini SE
  • Arad Investment & Industrial Development Ltd.
  • Thales SA
  • Rackspace Technology, Inc.
  • Malam-Team Ltd.
  • Shenzhen Inovance Technology Co., Ltd Class A
  • Exco Technologies Limited
  • BorgWarner Inc.
  • TTEC Holdings, Inc.
  • Suzhou Good-Ark Electronics Co. Ltd. Class A
  • Panasonic Manufacturing Philippines Corporation
  • MKS Instruments, Inc.
  • Hollysys Automation Technologies Ltd.
Last Updated on 24 Jun, 2022

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