Record Adjusted EBITDA and Core Free Cash Flow
Adjusted EBITDA achieved a record high, and core free cash flow increased significantly year-on-year to approximately JPY 350 billion, driven by advanced payments for large-scale projects.
Strong Performance in Energy and Mobility Sectors
The Energy power grids and Mobility railways systems businesses performed well, with revenues and profits increasing in the first quarter. The Energy sector saw an increase in revenues due to strong demand in transmission upgrades and renewable energy projects, while Mobility saw growth in signaling business.
Positive Outlook for Fiscal Year 2025
Despite short-term risks, revenue growth and profit increases are expected for Hitachi as a whole, driven by the growth of Energy DSS and mobility sectors, with revenues projected to increase by 6% excluding currency effects.
Expansion of Lumada Business
Lumada business revenues for Q1 of FY 2025 increased by 54% year-on-year, with revenue ratio on Hitachi consolidated basis reaching 41%.