Revenue and Profit Growth
Hitachi achieved an 11% year-on-year increase in revenue and a 23% increase in adjusted EBITA in Q2 FY 2024, driven by strong performance in DSS and GEM sectors.
Upward Revision in FY 2024 Forecast
Due to strong demand in the GEM sector, Hitachi has revised its revenue forecast upwards by JPY 150 billion and adjusted EBITA by JPY 19.5 billion.
Strong Order Growth in GEM
Orders in the GEM sector increased by 42% year-on-year, with significant contributions from railway BU and Hitachi Energy.
Strategic Partnerships and AI Investments
Hitachi is expanding its strategic partnerships, such as with Singtel, and investing JPY 300 billion in generative AI, focusing on infrastructure development and service engineering.
Increased Interim Dividend
Hitachi announced a 10% increase in dividends, representing a 31% year-on-year increase from the previous year's interim dividend.