Hitachi Q3 Report 2022

Q1-Q3 FY22 consolidated total revenues were 8,108.7bn yen (YoY+10%), Adjusted EBITA was 624.2bn yen (YoY+49.0bn yen), and net income was 292.2bn yen (YoY(158.5)bn yen)

  • Adjusted EBITA increased due to solid business performance mainly in three sectors. Net income of Q1-Q3 decreased YoY due to the impact of the shift to risk-sharing corporate pension plan and Hitachi Energy’s goodwill impairment

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

  • Digital Systems & Services: Q3 orders 651.3bn yen, YoY+22%
  • Green Energy & Mobility: Hitachi Energy won an order of HVDC system for the AC transmission of electricity between Quebec and New York, Railway Systems awarded an order of trains and systems for new Ontario Line
    – Hitachi Energy Q3 orders 554.4bn yen, YoY +15% order backlog approx. 2.5 trillion yen
    – Railway Systems Q3 orders 666.5bn yen, YoY +135% order backlog approx. 3.9 trillion yen

 

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