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Hitachi, Net Income Forecast for the Fiscal Year Revised Upward by 1%, Exceeded Record Profit Forecast

Thu Jan 29, 2026 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 29th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 638 billion yen, an increase 48.2% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 1.3%, from the previous forecast of 750 billion yen to 760 billion yen (compared to 615 billion yen in the previous period), increasing the growth rate from 21.8% to 23.4%. The company has further increased its previous forecast of record profits for the first time in three years.

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 3.6%, from the previous forecast of 277 billion yen to 287 billion yen (compared to 323 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 14.3% to 11.2%.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 19.6% from the same period last year, reaching 165 billion yen. The operating profit margin rose from 10.1% in the same period last year to 11.7%.

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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 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 68.0 Jan 31, 2025 IFRS
Apr - Dec, 2025 7,501,797 825,715 1,026,197 638,560 140.4 84.4 Jan 29, 2026 IFRS
YoY +7.0% +26.1% +56.8% +48.2% +50.1%

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 5,512,594 594,957 429,831 277,138 61.4 － Oct 30, 2025 IFRS
Oct - Mar, 2025 New 5,712,594 641,957 535,831 287,138 63.7 － Jan 29, 2026 IFRS
Revision Rate +3.6% +7.9% +24.7% +3.6% +3.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 10,300,000 1,103,000 1,110,000 750,000 166.3 － Oct 30, 2025 IFRS
Mar, 2026 New 10,500,000 1,150,000 1,216,000 760,000 168.5 － Jan 29, 2026 IFRS
Revision Rate +1.9% +4.3% +9.5% +1.3% +1.3%

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 5,712,594 641,957 535,831 287,138 63.7 － Jan 29, 2026 IFRS
YoY +9.1% +13.2% +2.4% -11.2% -9.5%

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 10,500,000 1,150,000 1,216,000 760,000 168.5 － Jan 29, 2026 IFRS
YoY +7.3% +18.4% +26.3% +23.4% +25.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 2,714,391 317,672 346,028 165,698 36.4 11.7 Jan 29, 2026 IFRS
YoY +10.1% +27.0% +60.7% +19.6% +21.2%

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