Hitachi falls sharply for first time in 4 days as 6% net profit growth plan for March 2027 seen as underwhelming
Hitachi <6501> fell sharply for the first time in four sessions. Following the market close on the 27th, the company released its full-year earnings forecast for the fiscal year ending March 2027 along with its results for the year ended March 2026. Hitachi projected revenue of 11.1 trillion yen (up 4.8%) and net profit of 850 billion yen (up 5.9%), though selling pressure intensified as the profit outlook fell short of market expectations. Growth is expected across four core sectors, led by the power grid business in Energy and domestic IT within Digital Systems & Services (DSS).
For the year ended March 2026, revenue totaled 10,586.781 billion yen (up 8.2%) and net profit reached 802.368 billion yen (up 30.3%). Performance was driven by global expansion in the Energy power grid business and robust domestic demand for digital services in DSS. Hitachi also announced a share buyback of up to 160 million shares (3.56% of issued shares) for a total of 500 billion yen. The buyback period will run from April 28 to March 31, 2027, via open-market purchases on the Tokyo Stock Exchange.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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