Hitachi,Ltd. ( (HTHIF) ) 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 in diverse sectors including digital systems, green energy, and connective industries, known for its innovation in technology and infrastructure solutions.
In its fiscal 2024 earnings report, Hitachi reported a modest 1% increase in consolidated revenues, reaching 9,783.3 billion yen, driven by strong domestic demand for digital transformation and expansion in its Lumada business. The company also highlighted significant growth in its Green Energy & Mobility and Connective Industries sectors.
Key financial metrics showed substantial improvements, 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. Net income attributable to stockholders rose to 615.7 billion yen, reflecting a 25.8 billion yen increase. These gains were attributed to strategic acquisitions, including Thales GTS, and robust sector performances.
Looking ahead, Hitachi projects further growth in fiscal 2025, with expected revenues of 10,100.0 billion yen, a 3% increase. The company plans to accelerate its global expansion in the Social Innovation Business and continue structural reforms to strengthen its business foundations, aiming for sustainable growth.
Overall, Hitachi’s financial results indicate a positive trajectory, supported by strategic acquisitions and sectoral growth, positioning the company for continued success in the coming fiscal year.