Hitachi exceeds Q1 expectations with record profit

Hitachi reported record Q1 results with revenues rising 2% to 2,258.3bn yen and adjusted EBITA reaching a record 237.5bn yen, up 13.2bn yen year-on-year.

Growth was driven by strong performance in energy and mobility sectors, fueled by demand for environmental solutions and equipment upgrades. Core free cash flow surged 280.4bn yen to 351.4bn yen due to advance receipts from large projects.

Despite US tariff impacts, the company maintained its full-year outlook of 10,100bn yen in revenues and 1,110bn yen in adjusted EBITA.