Hitachi posts record Q2 adjusted EBITA, raises FY2025 outlook

Hitachi recorded 2,529.0 bn yen in revenue for Q2 FY2025, an 8% year-over-year increase (excluding FX impact), and a record-high Adjusted EBITA of 324.2 bn yen, up 86.2 bn yen. Net income attributable to shareholders surged by 163.7 bn yen to 280.6 bn yen, partly due to the transfer of shares in the HVAC joint venture JCH to Bosch. Core Free Cash Flow significantly increased to 200.1 bn yen, up 102.4 bn yen.

The company revised its FY2025 consolidated forecasts upwards, now expecting 10,300.0 bn yen in revenue, 1,210.0 bn yen in Adjusted EBITA, and 750.0 bn yen in net income. This revision reflects strong performance in Energy, Mobility, and CI, alongside a partial reevaluation of business risks and tariff impacts. Share buybacks of 300.0 bn yen are on track, with an interim dividend of 23 yen per share declared.

Strategic investments in Lumada expansion continue, with M&As like synvert to enhance AI capabilities and accelerate HMAX deployment. Hitachi is also strengthening its AI ecosystem through partnerships with NVIDIA, Google Cloud, and OpenAI, focusing on driving digital transformation across various sectors.