Strong Revenue and Profit Growth
Hitachi Limited reported third-quarter revenues of JPY 2.189 trillion, an 11% year-on-year increase, with an adjusted EBITA of JPY 221.8 billion, a year-on-year increase of JPY 34.1 billion.
Major Contracts and Orders
Hitachi secured significant contracts including a JPY 140 billion deal for high-speed trains in Italy and a JPY 14 billion order for HVDC converter stations from TenneT.
Positive Lumada Performance
Lumada's third-quarter revenue increased by 19% year-on-year, and the full-year forecast anticipates a 19% increase, contributing significantly to the company's growth.
Upward Revision of Financial Forecast
Hitachi revised its full-year financial forecast upwards, expecting revenues of JPY 8.2856 trillion, a 4% increase from the previous forecast.