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Hitachi, Net Income Forecast for the Fiscal Year Revised Upward by 6%, Exceeded Record Profit Forecast

Thu Oct 30, 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 October 30th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 472 billion yen, an increase 61.8% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 5.6%, from the previous forecast of 710 billion yen to 750 billion yen (compared to 615 billion yen in the previous period), increasing the growth rate from 15.3% to 21.8%. The company has further increased its previous forecast of record profits for the first time in three years.

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 14.3% from the same period last year to 277 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged 2.4 times that of the same period last year, reaching 280 billion yen. The operating profit margin improved from 8.9% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 4,960,069 325,482 322,056 209,103 44.8 39.0 Oct 27, 2023 IFRS
Apr - Sep, 2024 4,545,982 404,739 439,335 292,273 63.3 45.6 Oct 30, 2024 IFRS
Apr - Sep, 2025 4,787,406 508,043 680,169 472,862 103.6 61.3 Oct 30, 2025 IFRS
YoY +5.3% +25.5% +54.8% +61.8% +63.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 23 Apr 28, 2025 IFRS
Apr - Sep, 2025 Results 4,787,406 508,043 680,169 472,862 103.6 23 Oct 30, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 10,100,000 1,005,000 1,040,000 710,000 157.1 － Apr 28, 2025 IFRS
Mar, 2026 New 10,300,000 1,103,000 1,110,000 750,000 166.0 － Oct 30, 2025 IFRS
Revision Rate +2.0% +9.8% +6.7% +5.6% +5.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 5,237,388 566,867 523,398 323,451 70.3 22 Apr 28, 2025 IFRS
Oct - Mar, 2025 Guidance 5,512,594 594,957 429,831 277,138 61.3 － Oct 30, 2025 IFRS
YoY +5.3% +5.0% -17.9% -14.3% -12.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 9,728,716 755,816 825,801 589,896 126.9 36 Apr 26, 2024 IFRS
Mar, 2025 9,783,370 971,606 962,733 615,724 133.9 43 Apr 28, 2025 IFRS
Mar, 2026 Guidance 10,300,000 1,103,000 1,110,000 750,000 166.0 － Oct 30, 2025 IFRS
YoY +5.3% +13.5% +15.3% +21.8% +24.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 2,772,148 316,699 308,106 184,939 40.2 11.4 Apr 28, 2025 IFRS
Apr - Jun, 2025 2,258,325 211,016 272,043 192,204 42.0 9.3 Jul 31, 2025 IFRS
Jul - Sep, 2025 2,529,081 297,027 408,126 280,658 61.5 11.7 Oct 30, 2025 IFRS
YoY +8.3% +43.4% +118.3% +140.0% +142.9%

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