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Hitachi Construction Machinery, Net Income Forecast for the Fiscal Year Revised Upward by 5%

Thu Jan 29, 2026 3:30 pm JST Earnings

6305 Hitachi Construction Machinery Co., Ltd. 【IFRS】

Earnings Report

Hitachi Construction Machinery Co., Ltd. <6305> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 29th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 9.2% from the same period last year to 56.2 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 5.4%, from the previous forecast of 74.0 billion yen to 78.0 billion yen (compared to 81.4 billion yen in the previous period), and the declining rate is expected to decrease from 9.1% to 4.2%.

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 (second half) has been revised upward 11.0%, from the previous forecast of 36.2 billion yen to 40.2 billion yen (compared to 49.6 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 27.0% to 19.0%.

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 18.4 billion yen, a 38.7% decrease compared to the same period last year. The operating profit margin decreased from 10.2% in the same period last year to 10.0%.

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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, 2023 1,008,241 122,882 110,065 71,074 334.2 68.6 Jan 26, 2024 IFRS
Apr - Dec, 2024 991,277 104,488 100,226 61,878 290.9 74.7 Jan 27, 2025 IFRS
Apr - Dec, 2025 979,349 92,592 91,972 56,206 264.2 71.9 Jan 29, 2026 IFRS
YoY -1.2% -11.4% -8.2% -9.2% -9.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 665,949 71,852 60,041 36,250 170.4 100 Oct 28, 2025 IFRS
Oct - Mar, 2025 New 715,949 76,852 67,041 40,250 189.2 100 Jan 29, 2026 IFRS
Revision Rate +7.5% +7.0% +11.7% +11.0% +11.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,320,000 132,000 121,000 74,000 347.9 175 Oct 28, 2025 IFRS
Mar, 2026 New 1,370,000 137,000 128,000 78,000 366.7 175 Jan 29, 2026 IFRS
Revision Rate +3.8% +3.8% +5.8% +5.4% +5.4%

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 705,548 73,675 79,675 49,681 233.6 110 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 715,949 76,852 67,041 40,250 189.2 100 Jan 29, 2026 IFRS
YoY +1.5% +4.3% -15.9% -19.0% -19.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,405,928 168,028 160,476 93,294 438.7 150 Apr 24, 2024 IFRS
Mar, 2025 1,371,285 144,989 134,168 81,428 382.8 175 Apr 25, 2025 IFRS
Mar, 2026 Guidance 1,370,000 137,000 128,000 78,000 366.7 175 Jan 29, 2026 IFRS
YoY -0.1% -5.5% -4.6% -4.2% -4.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 325,540 33,174 45,733 30,131 141.7 10.2 Jan 27, 2025 IFRS
Jan - Mar, 2025 380,008 40,501 33,942 19,550 91.9 10.7 Apr 25, 2025 IFRS
Apr - Jun, 2025 306,152 22,123 19,686 11,280 53.0 7.2 Jul 30, 2025 IFRS
Jul - Sep, 2025 347,899 38,025 41,273 26,470 124.4 10.9 Oct 28, 2025 IFRS
Oct - Dec, 2025 325,298 32,444 31,013 18,456 86.8 10.0 Jan 29, 2026 IFRS
YoY -0.1% -2.2% -32.2% -38.7% -38.8%

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