Hitachi, Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 26, 2024 at 02:00 am
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Hitachi, Ltd. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was JPY 2,510,500 million compared to JPY 2,772,300 million a year ago. Net income was JPY 144,800 million compared to JPY 356,800 million a year ago. Basic earnings per share from continuing operations was JPY 31.264 compared to JPY 76.176 a year ago.
For the full year, sales was JPY 9,728,716 million. Basic earnings per share from continuing operations was JPY 634.57. Diluted earnings per share from continuing operations was JPY 633.75.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
