Hitachi, Ltd., July-September (2Q) Net Income Decreases by 16%
6501 Hitachi, Ltd. 【IFRS】
Earnings ReportHitachi, Ltd. <6501> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 292 billion yen, an increase of 39.8% compared to the same period last year. However, The progress rate against the 600 billion yen full-year plan was 48.7%, also falling below the five-year average of 76.7%.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 19.2% from the same period last year to 307 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 116 billion yen, a 15.9% decrease compared to the same period last year. However, the operating profit margin improved from 7.4% in the same period last year to 8.9%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
5,416,779M | 324,629M | 282,145M | 172,515M | 36.0 | 34.4 | Oct 28, 2022 | IFRS |
|
|
4,960,069M | 325,482M | 322,056M | 209,103M | 44.8 | 39.0 | Oct 27, 2023 | IFRS |
|
|
4,545,982M | 404,739M | 439,335M | 292,273M | 63.3 | 51.4 | Oct 30, 2024 | IFRS |
| YoY | -8.3% | +24.4% | +36.4% | +39.8% | +41.2% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 Guidance | ー | ー | ー | ー | － | － | Apr 26, 2024 | IFRS |
| Apr - Sep, 2024 Results | 4,545,982M | 404,739M | 439,335M | 292,273M | 63.3 | 21 | Oct 30, 2024 | IFRS |
| Revision Rate | － | － | － | － | － |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 Prev | 9,000,000M | 855,000M | 850,000M | 600,000M | 131.1 | － | Apr 26, 2024 | IFRS |
| Mar, 2025 New | 9,150,000M | 875,000M | 855,000M | 600,000M | 131.1 | － | Oct 30, 2024 | IFRS |
| Revision Rate | +1.7% | +2.3% | +0.6% | 0.0% | 0.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
4,768,647M | 430,334M | 503,745M | 380,793M | 81.9 | 20 | Apr 26, 2024 | IFRS |
|
Guidance
Oct - Mar, 2024
|
4,604,018M | 470,261M | 415,665M | 307,727M | 67.2 | － | Oct 30, 2024 | IFRS |
| YoY | -3.5% | +9.3% | -17.5% | -19.2% | -17.9% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
10,881,150M | 748,144M | 819,971M | 649,124M | 136.9 | 29 | Apr 27, 2023 | IFRS |
|
|
9,728,716M | 755,816M | 825,801M | 589,896M | 126.9 | 36 | Apr 26, 2024 | IFRS |
|
Guidance
Mar, 2025
|
9,150,000M | 875,000M | 855,000M | 600,000M | 131.1 | － | Oct 30, 2024 | IFRS |
| YoY | -5.9% | +15.8% | +3.5% | +1.7% | +3.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,637,581M | 194,936M | 206,571M | 139,082M | 29.8 | 7.4 | Oct 27, 2023 | IFRS |
|
|
2,258,085M | 200,219M | 320,051M | 235,989M | 50.7 | 8.9 | Jan 31, 2024 | IFRS |
|
|
2,510,562M | 230,115M | 183,694M | 144,804M | 31.2 | 9.2 | Apr 26, 2024 | IFRS |
|
|
2,211,423M | 197,624M | 252,377M | 175,325M | 37.9 | 8.9 | Jul 31, 2024 | IFRS |
|
|
2,334,559M | 207,115M | 186,958M | 116,948M | 25.3 | 8.9 | Oct 30, 2024 | IFRS |
| YoY | -11.5% | +6.2% | -9.5% | -15.9% | -15.1% |
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