Hitachi Half-Year Report 2022

H1 FY22 consolidated total revenues were 5,416.7bn yen (YoY+12%), adjusted EBITA was 393.0bn yen (YoY+20.6bn yen), and net income was 172.5bn yen (YoY(149.9)bn yen)

• Net income decreased due to the impact of the shift to risk-sharing corporate pension plan, goodwill impairment loss of Hitachi Energy ((38.3)bn yen) caused by WACC increase, and gains from the selling of overseas home appliance business in Q2 FY21, etc.

Orders remained firm mainly in Digital Systems & Services and Green Energy & Mobility

• Orders in Digital Systems & Services remained firm due to strong DX demand (Q2 orders: 582.8bn yen, YoY+17%)
• Hitachi Energy orders continued to show solid growth with significant project wins
  (Q2 orders: 575.4bn yen, YoY +107% order backlog: approx. 2.5 trillion yen)