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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 2022 JPYUSD
Revenue942,701M8,389.05M
Gross Profit135,185M1,203.00M
Operating income26,809M238.57M
Income before tax31,588M281.10M
Net income12,030M107.05M
EBITDA73,340M652.64M
Diluted EPS28.130.25
Dividends Per Share00
Total Assets1,069.69B8,813.14M
Total liabilities538,577M4,437.29M
Total equity527,563M4,346.55M
Operating cash flow29,851M265.64M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 988,303M 1,023.42B 881,402M 761,615M 942,701M
Gross Profit 184,696M 172,392M 125,455M 95,369M 135,185M
Operating income 65,130M 51,427M 14,383M -4,977M 26,809M
Income before tax 46,985M 43,039M -40,614M -50,588M 31,588M
Net income 42,210M 31,370M -37,648M -42,285M 12,030M
EBITDA 111,268M 102,328M 69,563M 45,430M 73,340M
Diluted EPS 98.72 73.36 -88.05 -98.89 28.13
Dividends Per Share 26 34 26 0 0
Total Assets 1,058.83B 1,099.25B 977,766M 972,249M 1,069.69B
Total liabilities 488,640M 504,041M 454,913M 480,131M 538,577M
Total equity 562,720M 587,979M 520,313M 489,671M 527,563M
Operating cash flow 39,133M 66,582M 105,958M 52,586M 29,851M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 8,917.09M 9,228.76M 8,106.65M 7,181.15M 8,389.05M
Gross Profit 1,666.44M 1,554.55M 1,153.86M 899.22M 1,203.00M
Operating income 587.64M 463.74M 132.28M -46.92M 238.57M
Income before tax 423.92M 388.10M -373.54M -476.98M 281.10M
Net income 380.84M 282.88M -346.26M -398.69M 107.05M
EBITDA 1,003.93M 922.74M 639.80M 428.35M 652.64M
Diluted EPS 0.89 0.66 -0.80 -0.93 0.25
Dividends Per Share 0.23 0.30 0.23 0 0
Total Assets 9,956.10M 9,931.35M 9,057.16M 8,798.63M 8,813.14M
Total liabilities 4,594.63M 4,553.83M 4,213.91M 4,345.07M 4,437.29M
Total equity 5,291.20M 5,312.18M 4,819.72M 4,431.41M 4,346.55M
Operating cash flow 353.08M 600.40M 974.54M 495.82M 265.64M

Valuation Measures

Mar 2022
PER72.53
ROA1.17%
ROE2.36%
Operating margin2.84%
Profit margin1.27%

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. (1.6%)
  • BlackRock Fund Advisors (1.3%)
  • The Vanguard Group, Inc. (1.2%)
  • T. Rowe Price International Ltd. (0.9%)
  • Daiwa Asset Management Co. Ltd. (0.7%)
  • Nikko Asset Management Co., Ltd. (0.7%)
  • Norges Bank Investment Management (0.6%)
  • DWS Investments (UK) Ltd. (0.3%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (0.3%)

Contact Details

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  • Hitachi Metals Trust
  • Advanced Energy Industries, Inc. /Aera Japan Ops/

Competitors

  • Omega Flex, Inc.
  • Sinosteel New Materials Co., Ltd. Class A
  • Eramet SA
  • Aperam SA
  • Neo Performance Materials, Inc.
  • Samwha Electronics Co., Ltd.
Last Updated on 10 Aug, 2022

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