Hitachi Construction Machinery cuts full-year forecast amid headwinds

Hitachi Construction Machinery reported Q1 revenue of ¥306,152 million, down 6.7% year-on-year, hit by yen appreciation and lower North American sales. Adjusted operating income fell 31.9% to ¥22,123 million while net income plunged 54.1% to ¥11,280 million.

The company cut its full-year revenue forecast to ¥1,300,000 million and net income to ¥73,000 million, down 5.5% and 12.0% respectively from previous estimates. The revision reflects high interest rates, U.S. tariff impacts, and softening mining sector demand.