Hitachi
ConvictionContext
Three-sector operating model — (1) Digital Systems & Services, (2) Green Energy & Mobility, (3) Connective Industries — unified by the Lumada digital/OT-IT platform; mix of long-cycle equipment + backlog (grid, rail), recurring digital/services, and industrial products. Revenue split roughly Japan ~45% / rest-of-world ~55%, with grid and rail heavily international.
Revenue
Y10,586.7B~$70.6B) FY2025 ended Mar 2026, +8% YoYRev growth
+8% YoY FY2025FY2026 guided +5% to Y11,100BGross margin
not separately disclosed by Hitachicompany reports on adjusted EBITA/operating-income basis; no gross-margin line publishedOp margin
~11.3% adjusted operating incomeY1,199.2B); adjusted EBITA margin 12.4% (Y1,311.4B, +21% YoYCapex intensity
low-to-moderate~3-4% of revenue est. (asset-light vs legacy conglomerate; grid capacity expansion lifting near-term capex, e.g. >$1B US transformer buildoutMarket cap
~$130-135B USDHTHIY ADR / TSE:6501, early Jul 2026; ~$133B CompaniesMarketCap, ~$130B Yahoo Jul 2, ~$137B early Jun; TSE mktcap ~Y22T at ~Y150/$The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07 (FY2025 results ended Mar 31 2026, reported Apr 27 2026; ADR price/mktcap early Jul 2026)· sign in (free) for the analyst summary; Pro unlocks full intelligence