Producer Manufacturing
Hitachi Metals, Ltd.
In the news
- Hitachi nears sale of core chemical unit to Showa Denko Nov 26, 2019
- Corporate Japan's earnings poised to slip for second year Nov 8, 2019
- Japan suppliers fear lost sales as export controls target Seoul Aug 3, 2019
- Japan's electric wire makers expand in Asia to ride EV boom Jul 7, 2019
- Recharging Tepco is an uphill battle for ex-Hitachi head Dec 17, 2017 See more articles on 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 | JPY | USD |
| Revenue | 881,402M | 8,106.65M |
| Gross Profit | 125,455M | 1,153.86M |
| Operating income | 14,383M | 132.28M |
| Income before tax | -40,614M | -373.54M |
| Net income | -37,648M | -346.26M |
| EBITDA | 69,563M | 639.80M |
| Diluted EPS | -88.05 | -0.80 |
| Dividends Per Share | 26 | 0.23 |
| Total Assets | 977,766M | 9,057.16M |
| Total liabilities | 454,913M | 4,213.91M |
| Total equity | 520,313M | 4,819.72M |
| Operating cash flow | 105,958M | 974.54M |
| Currency in JPY | Currency in USD |
Historical Data
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 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 margin | 1.63% |
| Profit margin | -4.27% |
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. (2.0%)
- 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%)
- Nikko Asset Management Co., Ltd. (0.7%)
- BlackRock Fund Advisors (0.6%)
- Baillie Gifford & Co. (0.5%)
- Dimensional Fund Advisors LP (0.3%)
Contact Details
- Website:http://www.hitachi-metals.co.jp
- Address: Shinagawa Season Terrace, 1-2-70 Konan, Tokyo, 108-8224, Japan
- Phone: +81.3.6774.3001
Related Companies
- Hitachi Metals Ltd. /Okegawa Factory Copper Alloy Bus/
- 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.
Competitors
- Eramet SA
- Omega Flex, Inc.
- Neo Performance Materials, Inc.
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 25 Sep, 2020