Hitachi,Ltd. ( (HTHIF) ) has released its Q3 earnings. Here is a breakdown of the information Hitachi,Ltd. presented to its investors.
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Hitachi, Ltd. is a global conglomerate engaged in various sectors including IT services, energy solutions, and industrial systems, known for its diverse range of products and services.
Hitachi’s latest earnings report for the nine months ended December 31, 2024, shows a mixed performance with revenue slightly declining but gross profit and operating income increasing, indicating efficiency improvements.
The company’s revenues decreased by 3% to 7,011,222 million yen, while gross profit rose by 8% to 2,005,449 million yen. Adjusted operating income saw a significant rise of 25% to 654,907 million yen, showing improved cost management. However, net income attributable to stockholders fell by 2% to 430,785 million yen, affected by higher income taxes and financial expenses.
Notably, Hitachi’s segment performance saw growth in areas like Digital Systems & Services and Green Energy & Mobility, while the Automotive Systems segment was restructured. The company also improved its cash position significantly, with cash and cash equivalents increasing by 144,985 million yen.
Looking ahead, Hitachi remains focused on strengthening its Social Innovation Business and enhancing operational efficiency through strategic initiatives, while continuing to navigate the challenges posed by global economic conditions.
