Hitachi Ltd. reported a 14% revenue jump to ¥9.78 trillion ($63.9 billion) for the fiscal year ended March 31, surpassing all targets in its 2024 Mid-term Management Plan. Adjusted EBITA reached a record ¥1.15 trillion ($7.5 billion), soaring 34% year-on-year with an 11.7% margin.
The Tokyo-based company unveiled its new “Inspire 2027” management plan, targeting revenue growth of 7-9% and improved profitability through an aggressive push toward AI-enhanced digital services. Hitachi aims to expand its Lumada business—which combines digital capabilities with domain knowledge—from 31% of revenue currently to 50% by fiscal 2027, with an 18% adjusted EBITA margin.
“We expect the momentum of DX and GX to remain unchanged in the medium to long term despite growing uncertainty from U.S. reciprocal tariffs,” said CFO Tomomi Kato, who acknowledged a ¥35 billion potential impact from tariffs in the forecast.
For fiscal 2025, Hitachi projects more modest 3% revenue growth to ¥10.1 trillion ($66 billion) and net income of ¥710 billion ($4.6 billion). The company plans to boost shareholder returns to ¥500 billion, including an ambitious 50% increase in share repurchases to ¥300 billion.
The new strategy also includes restructuring its business segments, with Green Energy & Mobility being split into separate Energy and Mobility sectors.
