Hitachi Full-Year Report 2023

For fiscal 2023, the Hitachi’s consolidated revenues were 9,728.7 billion yen, decreased 11% year over year. While decreased due to changing Hitachi Astemo to equity method affiliate, the revenues of three sectors increased due to robust domestic and oversea DX demand and Lumada business expansion in Digital Systems & Services sector, robust business performance in Hitachi Energy and Railway Systems in Green Energy & Mobility sector, and Connective Industries sector.

Adjusted operating income increased 7.6 billion yen year over year, to 755.8 billion yen. Digital Systems & Services sector, Green Energy & Mobility sector, and Connective Industries sector increased the profits.

Adjusted EBITA increased 33.5 billion yen year over year, to 918.1 billion yen. The increase was mainly due to the increase equity in earnings of affiliates as well as the increase in adjusted operating income.

Income before income taxes increased 5.8 billion yen year over year, to 825.8 billion yen. The increase was due to the increase in adjusted operating income, share selling of Hitachi Astemo, etc.

Net income decreased 77.1 billion yen year over year, to 626.7 billion yen due to income tax increase. Net income attributable to Hitachi, Ltd. stockholders decreased 59.2 billion yen year over year, to 589.8 billion yen.