Hitachi Ltd ( (HTHIY) ) has released its Q4 earnings. Here is a breakdown of the information Hitachi Ltd presented to its investors.
Hitachi Ltd., a leading Japanese multinational conglomerate, operates across various sectors including digital systems, green energy, and connective industries, providing innovative solutions and services worldwide.
In its fiscal 2024 earnings report, Hitachi Ltd. announced a modest 1% increase in consolidated revenues, reaching 9,783.3 billion yen, driven by strong domestic demand and expansion in its Lumada business. The company also highlighted significant improvements in its adjusted operating income and EBITA, reflecting robust performance across its key sectors.
Key financial metrics showed substantial growth, with adjusted operating income rising by 215.7 billion yen to 971.6 billion yen, and adjusted EBITA increasing by 223.6 billion yen to 1,141.8 billion yen. This growth was attributed to enhanced profitability in the Digital Systems & Services, Green Energy & Mobility, and Connective Industries sectors, alongside strategic acquisitions such as Thales GTS. Additionally, net income attributable to stockholders rose by 25.8 billion yen, underscoring the company’s solid financial footing.
Looking ahead, Hitachi forecasts continued growth for fiscal 2025, with projected revenues of 10,100.0 billion yen, a 3% increase year over year. The company plans to accelerate its global expansion in the Social Innovation Business, focusing on collaborative creation and structural reforms to strengthen its business foundations and achieve sustainable growth.
Overall, Hitachi’s financial results demonstrate resilience and strategic foresight, positioning the company for continued success in the evolving global market.