ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Industrial Services

Hitachi Zosen Corp.

Business Summary

Hitachi Zosen Corp. engages in the design and construction of environmental systems, industrial plants, industrial machinery, process and infrastructure-related equipment, disaster prevention systems, and precision machinery. It operates through the following segments: Environment, Machinery and Infrastructure, and Other. The Environment segment manages recycling facilities, water and sludge treatment facilities, power generation equipment, biomass utilization systems, and seawater desalination plants. The Machinery and Infrastructure segment offers marine motors and machineries, denitrification catalysts, pressure vessels, plastic machineries, food machineries, pharmaceutical machineries, electronics and control systems, and disaster prevention systems. The Other segment includes transportation, warehousing, and cargo handling businesses. The company was founded by Edward H. Hunter on April 1, 1881 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit83,358M615.10M
Operating income20,057M148.00M
Income before tax18,526M136.70M
Net income15,577M114.94M
Diluted EPS92.420.68
Dividends Per Share180.13
Total Assets479,682M3,604.19M
Total liabilities338,366M2,542.38M
Total equity139,620M1,049.06M
Operating cash flow28,008M206.67M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 378,140M 402,450M 408,592M 441,797M 492,692M
Gross Profit 61,102M 69,279M 72,815M 72,149M 83,358M
Operating income 7,359M 13,892M 15,397M 15,542M 20,057M
Income before tax 6,720M 3,600M 6,868M 11,873M 18,526M
Net income 5,444M 2,197M 4,258M 7,899M 15,577M
EBITDA 16,927M 24,575M 26,201M 26,463M 31,030M
Diluted EPS 32.30 13.03 25.26 46.86 92.42
Dividends Per Share 12 12 12 12 18
Total Assets 429,040M 409,531M 429,336M 461,161M 479,682M
Total liabilities 308,628M 290,026M 301,165M 328,230M 338,366M
Total equity 119,479M 118,004M 126,331M 131,300M 139,620M
Operating cash flow -5,428M 32,808M 22,680M 26,858M 28,008M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 3,409.90M 3,701.51M 3,852.55M 3,931.53M 3,635.63M
Gross Profit 550.99M 637.19M 686.56M 642.05M 615.10M
Operating income 66.36M 127.77M 145.17M 138.30M 148.00M
Income before tax 60.59M 33.11M 64.75M 105.65M 136.70M
Net income 49.09M 20.20M 40.14M 70.29M 114.94M
EBITDA 152.64M 226.02M 247.04M 235.49M 228.97M
Diluted EPS 0.29 0.11 0.23 0.41 0.68
Dividends Per Share 0.10 0.11 0.11 0.10 0.13
Total Assets 3,876.22M 3,793.53M 3,885.39M 3,799.47M 3,604.19M
Total liabilities 2,788.34M 2,686.54M 2,725.47M 2,704.26M 2,542.38M
Total equity 1,079.45M 1,093.08M 1,143.26M 1,081.77M 1,049.06M
Operating cash flow -48.94M 301.74M 213.84M 239.00M 206.67M

Valuation Measures

Mar 2023
Operating margin4.07%
Profit margin3.16%

Key executives

  • President, CEO & Representative DIrector: Sadao Mino
  • MD, Head-Production Technology & Infrastructure: Tatsuji Kamaya
  • Executive Officer: Toshiki Nakamura
  • Executive Officer & Manager-Accounting: Tetsuro Iwashita
  • MD, GM-Development & Senior Head-Overseas: Tadashi Shibayama


  • M&G Investment Management Ltd. (5.2%)
  • Nomura Asset Management Co., Ltd. (3.9%)
  • Mitsubishi UFJ Financial Group, Inc. (3.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.4%)
  • The Vanguard Group, Inc. (2.6%)
  • JPMorgan Asset Management (Japan) Ltd. (2.2%)
  • Pacific Investment Management Co. LLC (2.0%)
  • Nikko Asset Management Co., Ltd. (2.0%)
  • Daiwa Asset Management Co. Ltd. (1.9%)
  • Dimensional Fund Advisors LP (1.8%)

Contact Details

Related Companies

  • Iwaki Wind Power Co. Ltd.
  • Omonogawa Wind Power Co. Ltd.
  • Logisnext Handling System Corp.
  • Global Positioning Augmentation Service Corp.
  • Nippon GPS Data Service Corp.
  • Tokaiseiki Co. Ltd.
  • Ultra Finish Technology Co. Ltd.
  • Hitachi Zosen SUS Environment Technology Co. Ltd.
  • Alam Hzem Sdn. Bhd.
  • Osmoflo Holdings Singapore Pte Ltd.
  • Natural Energy Japan Corp.
  • Jonan Environment Technology Co. Ltd.
  • Otsu Environment Technology Co. Ltd.
  • Asakawa Environment Technology Co. Ltd.
  • Mito Environment Technology Co. Ltd.
  • Eco Hitz Nagano Co. Ltd.
  • Yatsushiro Environment Technology Co. Ltd.
  • Joetsu Environment Technology Co. Ltd.
  • Fujimino Ecowells Corp.
  • Tsuyama Ken-iki Environment Technology Co. Ltd.
  • Nakakitasorachi Environment Technology Co. Ltd.
  • ha-na-iro Co. Ltd.
  • Murakami Environment Technology Co. Ltd.
  • Gotenbaoyama Environment Technology Co. Ltd.
  • Ichinomiya Environment Technology Co. Ltd.
  • Bekkihayami Environment Technology Co. Ltd.
  • Toyonaka & Itami Recycle Forest Co. Ltd.
  • Matsuyama Environment Technology Co. Ltd.
  • Kurashiki Environment Technology Co. Ltd.
  • Kashiwa Environment Technology Co. Ltd.


  • Babcock & Wilcox Enterprises Inc
  • CNIM Group SA
  • Sriracha Construction Public Co. Ltd.
  • Anaergia, Inc.
  • Clean Energy Technologies, Inc.
  • HSD Engine Co., Ltd
  • China Shipbuilding Industry Group Power Co., Ltd. Class A
  • coconala Inc.
  • Future Link Network Co.,Ltd.
  • VAT Group AG
Last Updated on 2 Jun, 2023

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more