HitachiHitachi, Ltd.6501東京証券取引所・名古屋証券取引所電気機器FY ending Mar 2026, consolidated, IFRS

Hitachi revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +8.2% from the prior year.

Five-year trend

Revenue¥10.6T
FY ending Mar 2022: ¥10.3T¥10.3TFY ending Mar 2023: ¥10.9T¥10.9TFY ending Mar 2024: ¥9.73T¥9.73TFY ending Mar 2025: ¥9.78T¥9.78TFY ending Mar 2026: ¥10.6T¥10.6TFY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin7.6%
Asset turnover0.75×
ROA5.7%
ROA5.7%
Financial leverage2.28×
ROE12.9%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin7.6%
2022: 5.7%5.7%2023: 6.0%6.0%2024: 6.1%6.1%2025: 6.3%6.3%2026: 7.6%7.6%2223242526
Asset turnover0.75×
2022: 0.74×0.74×2023: 0.82×0.82×2024: 0.79×0.79×2025: 0.77×0.77×2026: 0.75×0.75×2223242526
ROA5.7%
2022: 4.2%4.2%2023: 4.9%4.9%2024: 4.8%4.8%2025: 4.8%4.8%2026: 5.7%5.7%2223242526
Financial leverage2.28×
2022: 3.20×3.20×2023: 2.84×2.84×2024: 2.32×2.32×2025: 2.21×2.21×2026: 2.28×2.28×2223242526
ROE12.9%
2022: 13.4%13.4%2023: 14.0%14.0%2024: 11.1%11.1%2025: 10.7%10.7%2026: 12.9%12.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.7%0.74×4.2%3.20×13.4%
20236.0%0.82×4.9%2.84×14.0%
20246.1%0.79×4.8%2.32×11.1%
20256.3%0.77×4.8%2.21×10.7%
20267.6%0.75×5.7%2.28×12.9%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue15.6%
2021: 27.6%27.6%2022: 24.1%24.1%2023: 15.6%15.6%2024: 12.6%12.6%2025: 13.7%13.7%2026: 15.6%15.6%212223242526
PPE ÷ total assets11.0%
2021: 20.3%20.3%2022: 17.8%17.8%2023: 13.6%13.6%2024: 10.0%10.0%2025: 10.1%10.1%2026: 11.0%11.0%212223242526
Goodwill ÷ parent equity40.3%
2021: 32.9%32.9%2022: 49.6%49.6%2023: 43.8%43.8%2024: 41.6%41.6%2025: 42.5%42.5%2026: 40.3%40.3%212223242526
Goodwill balance¥2.65T
2021: ¥1.16T¥1.16T2022: ¥2.15T¥2.15T2023: ¥2.17T¥2.17T2024: ¥2.37T¥2.37T2025: ¥2.49T¥2.49T2026: ¥2.65T¥2.65T212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥290.3B
2021: ¥293.5B¥293.5B2022: ¥317.3B¥317.3B2023: ¥316.2B¥316.2B2024: ¥290.1B¥290.1B2025: ¥259.4B¥259.4B2026: ¥290.3B¥290.3B212223242526
R&D / revenue2.7%
2021: 3.4%3.4%2022: 3.1%3.1%2023: 2.9%2.9%2024: 3.0%3.0%2025: 2.7%2.7%2026: 2.7%2.7%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue10,264,60210,881,1509,728,7169,783,37010,586,781
Cost of revenue7,705,9818,192,0637,146,6296,962,5277,407,252
Gross profit2,558,6212,689,0872,582,0872,820,8433,179,529
SG&A1,820,3851,940,9431,826,2711,849,2371,980,254
Operating income—————
Pretax income839,333819,971825,801962,7331,273,109
Income tax168,469116,101199,053305,868421,678
Net income attributable to owners583,470649,124589,896615,724802,368
Operating margin—————

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 9%
Property, plant and equipment 11%
Intangibles and goodwill 17%
Other assets 63%

Funding

Other liabilities 55%
Equity 45%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥968.8B¥833.3B¥705.4B¥866.2B¥1.32T
Total assets¥13.9T¥12.5T¥12.2T¥13.3T¥15T
Net assets¥5.36T¥5.34T¥5.86T¥6.03T¥6.77T
Share capital¥461.7B¥462.8B¥463.4B¥464.4B¥466.7B
Property, plant and equipment¥2.48T¥1.7T¥1.22T¥1.34T¥1.65T
Goodwill¥2.15T¥2.17T¥2.37T¥2.49T¥2.65T
Current assets¥6.6T¥5.93T¥5.85T¥6.6T¥7.87T
Total liabilities¥8.53T¥7.17T¥6.36T¥7.25T¥8.27T
Equity attributable to owners of parent¥4.34T¥4.94T¥5.7T¥5.85T¥6.57T
Retained earnings¥3.2T¥3.64T¥4.08T¥4.35T¥4.76T
Treasury stock-¥3B-¥3.54B-¥4.99B-¥8.59B-¥160.5B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第157期(2025/04/01-2026/03/31)

    ID S100YGBO2026-06-22Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第156期(2024/04/01-2025/03/31)

    ID S100WFSJ2025-07-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第155期(2023/04/01-2024/03/31)

    ID S100TP5S2024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第154期(2022/04/01-2023/03/31)

    ID S100QZT02023-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第153期(令和3年4月1日-令和4年3月31日)

    ID S100OB342022-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第152期(令和2年4月1日-令和3年3月31日)

    ID S100LNII2021-06-23Open

Extracted from XBRL: 44 / Derived from other figures: 1

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