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Hitachi (6501) investor relations material
Hitachi Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY2026 revenue rose 20% year-on-year to ¥2,709.6 billion, reaching record highs, driven by business expansion, favorable foreign exchange effects, and strong performance across all four sectors, especially Energy.
Net income attributable to shareholders was ¥203.1 billion, up 1% year-over-year, and core free cash flow reached ¥365.0 billion, both increasing year-over-year.
All major business segments achieved double-digit revenue growth, with notable strength in Energy and Mobility, and Lumada business accounted for 43% of consolidated revenue.
The impact of the Middle East situation was less than anticipated, with a negative effect of ¥16.0 billion on revenue and ¥7.0 billion on adjusted EBITA, but remains a risk factor.
The acquisition of Clever Devices was completed in July 2026, expanding the Mobility segment's digital capabilities.
Financial highlights
Adjusted EBITA margin improved by up to 140 basis points year-on-year to 11.9%, with adjusted EBITA at ¥323.5 billion (+¥86.0 billion YoY).
Gross profit increased 22% year-over-year to ¥809.7 billion, and adjusted operating income rose 39% to ¥294.3 billion.
Core free cash flow increased by over ¥200 billion year-on-year, reaching ¥365.0 billion.
Total assets at end of Q1 FY2026 were about ¥15 trillion, nearly unchanged from FY2025.
Basic earnings per share grew 1% to ¥42.24.
Outlook and guidance
FY2026 revenue forecast raised to ¥11,700.0 billion (+11% YoY), with adjusted EBITA margin expected to reach 13%.
Net income, core free cash flow, and ROIC forecasts also increased, reflecting strong Q1 and revised FX assumptions.
CapEx for FY2026 is expected to reach ¥670.0 billion, mainly in the Energy sector, with ongoing investments in production capacity and AI adoption.
Shareholder returns for FY2026 include a planned ¥550.0 billion share buyback and ¥250.0 billion in dividends.
Management highlights ongoing risks from global economic conditions, exchange rates, and raw material prices.
- AI-driven growth, HMAX expansion, and disciplined investment drive record profits and margin targets.6501
Investor Day 2026 - Record revenue and profit growth in FY 2025, with robust FY 2026 outlook and major capital actions.6501
Q4 2026 - Lumada-driven growth, digital innovation, and AI expansion fuel sustainable value creation.6501
Investor presentation - Record Q1 profits and robust Energy, Mobility, and Lumada growth drive strong FY2025 outlook.6501
Q1 2026 - Leadership transition prioritizes digital growth, global expansion, and sustained financial outperformance.6501
Status Update - Accelerating digital-driven growth, targeting ¥9T FY24 revenue with Lumada and global investments.6501
Investor Day 2024 - Digital transformation targets 80% Lumada sales, 13-15% EBITA margin, and global digital growth.6501
Investor Day 2025 - Record FY2024 profits and robust FY2025 outlook with expanded shareholder returns.6501
Q4 2025 - Upward FY24 guidance and robust growth in digital, energy, and mobility sectors.6501
Q3 2025
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