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Hitachi, The Current Fiscal Year Net Income Revised Upward by 2%

Fri Jan 31, 2025 3:30 pm JST Earnings

6501 Hitachi, Ltd. 【IFRS】

Earnings Report

Hitachi, Ltd. <6501> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 31st (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.2% from the same period last year to 430 billion yen.

However, the full-year consolidated net income has been revised upward 1.7%, from the previous forecast of 600 billion yen to 610 billion yen (compared to 589 billion yen in the previous period), increasing the growth rate from 1.7% to 3.4%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) has been revised upward 3.2%, from the previous forecast of 307 billion yen to 317 billion yen (compared to 380 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 19.2% to 16.6%.

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 138 billion yen, a 41.3% decrease compared to the same period last year. However, the operating profit margin improved from 8.9% in the same period last year to 10.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 8,108,796 527,499 456,819 292,232 61.4 55.7 Feb 1, 2023 IFRS
Apr - Dec, 2023 7,218,154 525,701 642,107 445,092 95.7 77.8 Jan 31, 2024 IFRS
Apr - Dec, 2024 7,011,222 654,907 654,627 430,785 93.5 73.1 Jan 31, 2025 IFRS
YoY -2.9% +24.6% +1.9% -3.2% -2.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 4,604,018 470,261 415,665 307,727 67.2 － Oct 30, 2024 IFRS
Oct - Mar, 2024 New 5,154,018 525,261 455,665 317,727 69.4 － Jan 31, 2025 IFRS
Revision Rate +11.9% +11.7% +9.6% +3.2% +3.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 9,150,000 875,000 855,000 600,000 131.1 － Oct 30, 2024 IFRS
Mar, 2025 New 9,700,000 930,000 895,000 610,000 133.3 － Jan 31, 2025 IFRS
Revision Rate +6.0% +6.3% +4.7% +1.7% +1.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 4,768,647 430,334 503,745 380,793 81.9 20 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 5,154,018 525,261 455,665 317,727 69.4 － Jan 31, 2025 IFRS
YoY +8.1% +22.1% -9.5% -16.6% -15.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,881,150 748,144 819,971 649,124 136.9 29 Apr 27, 2023 IFRS
Mar, 2024 9,728,716 755,816 825,801 589,896 126.9 36 Apr 26, 2024 IFRS
Mar, 2025 Guidance 9,700,000 930,000 895,000 610,000 133.3 － Jan 31, 2025 IFRS
YoY -0.3% +23.0% +8.4% +3.4% +5.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,258,085 200,219 320,051 235,989 50.7 8.9 Jan 31, 2024 IFRS
Jan - Mar, 2024 2,510,562 230,115 183,694 144,804 31.2 9.2 Apr 26, 2024 IFRS
Apr - Jun, 2024 2,211,423 197,624 252,377 175,325 37.9 8.9 Jul 31, 2024 IFRS
Jul - Sep, 2024 2,334,559 207,115 186,958 116,948 25.3 8.9 Oct 30, 2024 IFRS
Oct - Dec, 2024 2,465,240 250,168 215,292 138,512 30.1 10.1 Jan 31, 2025 IFRS
YoY +9.2% +24.9% -32.7% -41.3% -40.7%

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