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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 2020 JPYUSD
Revenue881,402M8,106.65M
Gross Profit125,455M1,153.86M
Operating income14,383M132.28M
Income before tax-40,614M-373.54M
Net income-37,648M-346.26M
EBITDA69,563M639.80M
Diluted EPS-88.05-0.80
Dividends Per Share260.23
Total Assets977,766M9,057.16M
Total liabilities454,913M4,213.91M
Total equity520,313M4,819.72M
Operating cash flow105,958M974.54M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,017.58B 910,486M 988,303M 1,023.42B 881,402M
Gross Profit 198,151M 179,333M 184,696M 172,392M 125,455M
Operating income 70,698M 65,983M 65,130M 51,427M 14,383M
Income before tax 96,233M 66,016M 46,985M 43,039M -40,614M
Net income 69,056M 50,593M 42,210M 31,370M -37,648M
EBITDA 113,625M 109,022M 111,268M 102,328M 69,563M
Diluted EPS 161.50 118.32 98.72 73.36 -88.05
Dividends Per Share 26 26 26 34 26
Total Assets 1,033.31B 1,040.39B 1,058.83B 1,099.25B 977,766M
Total liabilities 528,636M 491,495M 488,640M 504,041M 454,913M
Total equity 495,865M 536,563M 562,720M 587,979M 520,313M
Operating cash flow 115,742M 89,391M 39,133M 66,582M 105,958M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 8,473.91M 8,408.04M 8,917.09M 9,228.76M 8,106.65M
Gross Profit 1,650.09M 1,656.08M 1,666.44M 1,554.55M 1,153.86M
Operating income 588.73M 609.33M 587.64M 463.74M 132.28M
Income before tax 801.37M 609.63M 423.92M 388.10M -373.54M
Net income 575.06M 467.20M 380.84M 282.88M -346.26M
EBITDA 946.21M 1,006.78M 1,003.93M 922.74M 639.80M
Diluted EPS 1.34 1.09 0.89 0.66 -0.80
Dividends Per Share 0.21 0.24 0.23 0.30 0.23
Total Assets 9,193.56M 9,336.71M 9,956.10M 9,931.35M 9,057.16M
Total liabilities 4,703.37M 4,410.79M 4,594.63M 4,553.83M 4,213.91M
Total equity 4,411.80M 4,815.24M 5,291.20M 5,312.18M 4,819.72M
Operating cash flow 963.83M 825.49M 353.08M 600.40M 974.54M

Valuation Measures

Mar 2020
PER--
ROA-3.62%
ROE-6.79%
Operating margin1.63%
Profit margin-4.27%

Key executives

  • Executive President: Koji Sato
  • Executive Officer & Head-Operations: Masahiro Otsuka
  • Chief Financial Officer & General Manager-Finance: Hiroaki Nishioka
  • Executive Officer & GM-Information Systems: Shigekazu Suwabe
  • Executive Officer & General Manager-Sales: Eiichiro Shoji

Shareholders

  • Hitachi Ltd. (53.2%)
  • Nomura Asset Management Co., Ltd. (1.8%)
  • The Vanguard Group, Inc. (1.3%)
  • T. Rowe Price International Ltd. (1.1%)
  • Norges Bank Investment Management (0.7%)
  • Daiwa Asset Management Co. Ltd. (0.7%)
  • BlackRock Fund Advisors (0.6%)
  • Nikko Asset Management Co., Ltd. (0.6%)
  • Baillie Gifford & Co. (0.5%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (0.4%)

Contact Details

Related Companies

  • Hitachi Metals Hallow Ltd.
  • Hitachi Metals (Ningbo) Co., Ltd.
  • Hitachi Metals Advanced Machining Ltd.
  • PT Hitachi Metals Indonesia
  • Hitachi Metals Neomaterial Ltd.
  • Neomax Kinki Co., Ltd.
  • Shanghai Hitachi Metal Wire Co., Ltd.
  • Hitachi Metals Admet Ltd. (South Korea)
  • 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 Metals (Hong Kong) Ltd.
  • Hitachi Metals Trust
  • Advanced Energy Industries, Inc. /Aera Japan Ops/
  • Hitachi Metals Singapore Pte Ltd.
  • Tokyo Seimitsu Kogyo Ltd.
  • Hitachi Metals (China) Ltd.
  • Thai Hitachi Enamel Wire Co., Ltd.
  • HMF Technology Korea Co., Ltd.

Competitors

  • Eramet SA
  • Omega Flex, Inc.
  • Neo Performance Materials, Inc.
Last Updated on 3 Jul, 2020

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