Hitachi, Ltd. · TSE:6501
Hitachi — Investor Presentation (April 2026)
26 slides from Hitachi's investor presentation, Apr 27, 2026
Slide 1: Progress of “Inspire 2027” Management Plan
Progress of “Inspire 2027” Management Plan Hitachi, Ltd. President & CEO Toshiaki Tokunaga April 27th, 2026 © Hitachi, Ltd. 2026. All rights reserved.
Slide 2: Executive Summary
Executive Summary ⚫ Lumada business expansion enabled both company-wide revenue growth and improved profitability, even in an uncertain business environment ⚫ Rapidly expanding AI market serves as a tailwind, accelerating Hitachi’s growth ⚫ Enhancing corporate value through disciplined management ba
Slide 3: Aspirations of Inspire 2027
Aspirations of Inspire 2027 3 © Hitachi, Ltd. 2026. All rights reserved.
Slide 4: Aspirations of Inspire 2027
1.1 Aspirations of Inspire 2027 Contribute to a harmonized society by True One Hitachi and grow sustainably Long-term management goal Target Level Lumada Wellbeing Revenue ratio Adj. EBITA margin 80% 20% Mode change towards Planetary Economic Sustainable growth boundaries growth organic growth throu
Slide 5: Sustainable Growth with Lumada 3.0
1.2 Sustainable Growth with Lumada 3.0 To be a global leader in continuously transforming social infrastructure through digital Digital Services Digital LUMADA 3.0 Energy Mobility Industry Digitalized Assets HMAX：a suite of next-generation solutions that brings the power of AI to social infrastructu
Slide 6: Achieving Sustainable Growth
Achieving Sustainable Growth 6 © Hitachi, Ltd. 2026. All rights reserved.
Slide 7: Achieved strong growth even in an uncertain business environment
2.1 Achieving Sustainable Growth Achieved strong growth even in an uncertain business environment Promoted disciplined management based on capital allocation policy FY2024 FY2025 FY2025 results results results 10.6 Shareholder returns 0.6 trillion trillion Revenue 9.8 trillion yen Largest ever yen y
Slide 8: Lumada business growth and recurring digital service HMAX
2.2 Lumada Achieved strong growth in Lumada business that leads company profitability Recurring digital service HMAX is now fully operational Lumada revenue ratio and profit margin HMAX 18% FY2025 results 16% billion Adj. EBITA Revenue 300 yen Over 20% 15% margin Lumada Adj. EBITA margin 50% HMAX En
Slide 9: Sector Growth: Energy and Mobility
2.3 Sector Growth Accelerated growth by expanding backlog and improved profitability Energy Over 14% Mobility 12.9% Over 11% Adj. EBITA Adj. EBITA 9.2%*3 margin 3-year CAGR margin 8.8%*3 3-year CAGR 9.6% 15-17% trillion 7-9% trillion 3.2 yen trillion 1.3 yen Revenue trillion 2.6 yen Revenue 1.2 yen
Slide 10: Sector Growth: Connective Industries and Digital Systems & Services
2.4 Sector Growth Built a foundation for sustainable growth by accelerating portfolio transformation and expanding Lumada business Connective Industries Digital Systems & Services Over 13% Over 16% 15.5% Adj. EBITA 11.0% Adj. EBITA 14.2% 10.2% 3-year CAGR 3-year CAGR margin margin 7-9% 6-8% trillion
Slide 11: Autonomous Decentralized Global Management
2.5 Autonomous Decentralized Global Management Each region independently explored business opportunities and achieved strong growth Overseas revenue (excluding Japan) Expansion of region-specific business opportunities (trillion yen) • Securing large-scale social innovation projects +11.2% 6.7 6.0 E
Slide 12: Cash Flows Generation and Shareholder Returns
2.6 Cash Flows Generation and Shareholder Returns Core free cash flow increased by 50% year-on-year Continue flexible shareholder returns based on capital allocation policy Capital allocation and cash flow generation • Core FCF 1.2 trillion yen Achieved 50% YoY increase through profit growth and inc
Slide 13: EPS Trends
2.7 EPS Trends Enhanced business profitability and stable earning base, achieving sustainable EPS growth Adj. EBITA and conversion rate EPS growth Conversion YoY +32% rate*1 50-60% (FY2025) 176 yen 1,311.4 132 yen 1,083.5 831.7 842.8 80 yen Adj. EBITA (billion yen) 56 yen FY2022 FY2023 FY2024 FY2025
Slide 14: Enhancing Sustainable Management
Enhancing Sustainable Management 14 © Hitachi, Ltd. 2026. All rights reserved.
Slide 15: Strengthening Risk Management
3.1 Strengthening Risk Management Mitigated risks through autonomous decentralized global management in a rapidly changing business environment Prompt response to geopolitical risks Local production for local consumption • Minimized impact of U.S. reciprocal tariffs through • Decided to invest over
Slide 16: Strengthening Human Capital
3.2 Strengthening Human Capital Executed initiatives to develop talent and enhance employee engagement that drive sustainable growth FY2025 results External recognition FY2025 Inspire 2027 results targets •“World’s Most Ethical Companies®”*4 selected for two consecutive years Evaluated for strengthe
Slide 17: Strengthening Governance and Reforming Compensation System
3.3 Strengthening Governance and Reforming Compensation System Further accelerated management reforms to enhance corporate value Strengthening governance Compensation system reform Continuously strengthening independence and diversity of the Board of Directors Enhancing commitment to capital markets
Slide 18: Future Growth Opportunities
Future Growth Opportunities 18 © Hitachi, Ltd. 2026. All rights reserved.
Slide 19: AI Market Trends and Competitive Advantages
4.1 AI Market Trends and Competitive Advantages Rapidly expanding AI market serves as a tailwind, accelerating Hitachi’s growth New massive growth market created by AI Hitachi’s growth driven by social infrastructure × AI Based on field expertise across 190 countries & regions Physical AI*1 AI inter
Slide 20: New Business Opportunities with Physical AI
4.2 New Business Opportunities with Physical AI Expanding HMAX application cases leveraging Hitachi's unique strengths Applied to Applied to Proven technology multiple customers multiple customers Power grid stabilization Railway operational efficiency Sustained, autonomous maximization productivity
Slide 21: New Business and Technology Development
4.3 New Business and Technology Development Developing new businesses and technologies to drive future growth New business New technology New technology development development development Energy solution Space big data utilization Silicon quantum computing Collect real-time environmental Deliver po
Slide 22: Summary
Summary ⚫ Lumada business expansion enabled both company-wide revenue growth and improved profitability, even in an uncertain business environment ⚫ Rapidly expanding AI market serves as a tailwind, accelerating Hitachi’s growth ⚫ Enhancing corporate value through disciplined management based on cap
Slide 23: Hitachi Investor Day 2026
Hitachi Investor Day 2026 23 © Hitachi, Ltd. 2026. All rights reserved.
Slide 24: Hitachi Investor Day 2026 Event Schedule
Event Schedule May June July August September (scheduled) ⚫ Physical AI Day ⚫ Investor Day ⚫ Q1 Financial results ⚫ Dialogue with investors ⚫ Hitachi Social Innovation Forum ⚫ Dialogue with investors Hitachi Investor Day 2026 To be a global leader in continuously transforming social infrastructure t
Slide 25: HITACHI
HITACHI
Slide 26: Cautionary Statement
Cautionary Statement Certain statements found in this document may constitute “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking statements” reflect management’s current views with respect to certain future events and financial