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Producer Manufacturing

Hitachi Metals, Ltd.

Business Summary

Hitachi Metals, Ltd. engages in the manufacture and sale of products for automobile, electronics, and infrastructure industry sectors. It operates through the following divisions: Specialty Steel, Magnetic Materials, Functional Components, and Cable Materials. The Specialty Steel division includes high-grade special steel, rolls, steel and ceramic structural parts, injection molding machine parts, and soft magnetic materials. The Magnetic Materials division comprises of magnets and ceramic products. The Functional Components division consists of high-grade casting components for automobiles, piping and infrastructure components, and construction components. The Cable Materials division offers electric wires and functional items such as industrial wire, equipment wire, industrial rubber, cable processed products, automotive electrical components, and brake hose. The company was founded on April 10, 1956 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue761,615M7,181.15M
Gross Profit95,369M899.22M
Operating income-4,977M-46.92M
Income before tax-50,588M-476.98M
Net income-42,285M-398.69M
EBITDA45,430M428.35M
Diluted EPS-98.89-0.93
Dividends Per Share00
Total Assets972,249M8,798.63M
Total liabilities480,131M4,345.07M
Total equity489,671M4,431.41M
Operating cash flow52,586M495.82M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 910,486M 988,303M 1,023.42B 881,402M 761,615M
Gross Profit 179,333M 184,696M 172,392M 125,455M 95,369M
Operating income 65,983M 65,130M 51,427M 14,383M -4,977M
Income before tax 66,016M 46,985M 43,039M -40,614M -50,588M
Net income 50,593M 42,210M 31,370M -37,648M -42,285M
EBITDA 109,022M 111,268M 102,328M 69,563M 45,430M
Diluted EPS 118.32 98.72 73.36 -88.05 -98.89
Dividends Per Share 26 26 34 26 0
Total Assets 1,040.39B 1,058.83B 1,099.25B 977,766M 972,249M
Total liabilities 491,495M 488,640M 504,041M 454,913M 480,131M
Total equity 536,563M 562,720M 587,979M 520,313M 489,671M
Operating cash flow 89,391M 39,133M 66,582M 105,958M 52,586M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 8,408.04M 8,917.09M 9,228.76M 8,106.65M 7,181.15M
Gross Profit 1,656.08M 1,666.44M 1,554.55M 1,153.86M 899.22M
Operating income 609.33M 587.64M 463.74M 132.28M -46.92M
Income before tax 609.63M 423.92M 388.10M -373.54M -476.98M
Net income 467.20M 380.84M 282.88M -346.26M -398.69M
EBITDA 1,006.78M 1,003.93M 922.74M 639.80M 428.35M
Diluted EPS 1.09 0.89 0.66 -0.80 -0.93
Dividends Per Share 0.24 0.23 0.30 0.23 0
Total Assets 9,336.71M 9,956.10M 9,931.35M 9,057.16M 8,798.63M
Total liabilities 4,410.79M 4,594.63M 4,553.83M 4,213.91M 4,345.07M
Total equity 4,815.24M 5,291.20M 5,312.18M 4,819.72M 4,431.41M
Operating cash flow 825.49M 353.08M 600.40M 974.54M 495.82M

Valuation Measures

Mar 2021
PER--
ROA-4.33%
ROE-8.37%
Operating margin-0.65%
Profit margin-5.55%

Key executives

  • Co-Chairman, CEO & Executive President: Mitsuaki Nishiyama
  • Chief Financial Officer & Head-Administration: Hiroaki Nishioka
  • Managing Executive Officer, General Manager-R&D: Kazuya Murakami
  • Chief Quality Officer & Head-Technology: Ryoichi Aida
  • Executive Officer & Head-Business: Shigekazu Suwabe

Shareholders

  • Hitachi Ltd. (53.2%)
  • Nomura Asset Management Co., Ltd. (1.4%)
  • The Vanguard Group, Inc. (1.1%)
  • T. Rowe Price International Ltd. (1.0%)
  • BlackRock Fund Advisors (0.8%)
  • Norges Bank Investment Management (0.6%)
  • Daiwa Asset Management Co. Ltd. (0.6%)
  • Nikko Asset Management Co., Ltd. (0.6%)
  • APG Asset Management NV (0.4%)
  • Simplex Asset Management Co., Ltd. (0.3%)

Contact Details

Related Companies

  • NEOMAX KYUSHU Co., Ltd.
  • Hitachi Metals Hallow Ltd.
  • Hitachi Metals (Ningbo) Co., Ltd.
  • Hitachi Metals Advanced Machining Ltd.
  • PT Hitachi Metals Indonesia
  • Alcast Ltd.
  • Hitachi Metals Neomaterial Ltd.
  • Neomax Kinki Co., Ltd.
  • Shanghai Hitachi Metal Wire Co., Ltd.
  • Hitachi Metals Admet Ltd. (South Korea)
  • NEOMAX ENGINEERING Co., Ltd.
  • H.M. Management Service, Inc.
  • Xiamen Balin Magnetic Materials Co., Ltd.
  • Five Ace Technology Co., Ltd.
  • Hitachi Metals Admet Ltd. (Taipei Branch)
  • Hitachi Metals (Dongguan) Specialty Steel Co. Ltd.
  • Hitachi Metals Precision Instruments (Shenzhen) Ltd.
  • Hitachi Cable Trading (Dalian F.T.Z.) Co., Ltd.
  • Hitachi Metals (Suzhou) Technology Ltd.
  • Hitachi Metals Taiwan Ltd.
  • Akutron LLC
  • SH Copper Products Co., Ltd.
  • HNV Castings Pvt Ltd.
  • Hitachi Metals MMC Superalloy Ltd.
  • Hitachi Metals (Thailand) Ltd.
  • Hitachi Cable Vietnam Co., Ltd.
  • Hitachi Metals (Hong Kong) Ltd.
  • Pacific Metals Co., Ltd. (South Korea)
  • Hitachi Metals Trust
  • Advanced Energy Industries, Inc. /Aera Japan Ops/

Competitors

  • Eramet SA
  • Omega Flex, Inc.
  • Neo Performance Materials, Inc.
  • Sinosteel New Materials Co., Ltd. Class A
Last Updated on 18 Oct, 2021

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