Hitachi, Ltd. · TSE:6501

Hitachi — Hitachi Ltd Ord — Q3 2025 Earnings Presentation

33 slides from Hitachi's earnings presentation, Jan 29, 2026

  1. Slide 1: Outline of Consolidated Financial Results for the Third Quarter Ended December 31, 2025

    Outline of Consolidated Financial Results for the Third Quarter Ended December 31, 2025 [Fiscal 2025] Hitachi, Ltd. Senior Vice President and Executive Officer, CFO Tomomi Kato January 29th, 2026 ©Hitachi, Ltd. 2026. All rights reserved

  2. Slide 2: Contents

    Contents 1. Key Messages 2. Q3 FY2025 Results 3. FY2025 Forecast 4. Performance by Business Segment 5. Lumada Business Appendices 2 ©Hitachi, Ltd. 2026. All rights reserved

  3. Slide 3: Highlights of Hitachi Group's Performance

    Highlights of Hitachi Group’s Performance 1. Q3 FY2025 Results ✓Revenue and profit increased, driven by continued growth momentum, particularly in Energy, Mobility, and DSS, backed by the solid Japanese IT business ✓Core FCF increased, driven by profit growth and an increase in advance received in E

  4. Slide 4: Segment Highlights

    Segment Highlights Q3 FY2025 FY2025 Revenue YoY Adj. EBITA YoY Revenue YoY Adj. EBITA YoY DSS 714.9 bn yen +3% 108.7 bn yen +13.0 bn yen 2,950.0 bn yen +4% 437.0 bn yen +42.9 bn yen The Front and IT Services business performed strongly, driven by demand for DX and modernization. Q3 Profitability in

  5. Slide 5: DSS: Driving Growth Strategy

    DSS: Driving Growth Strategy ✓ Strongly promote digitalization across the Hitachi Group and accelerate the global expansion of solutions refined through "Customer Zero" ✓ Achieve "Inspire 2027" by strengthening cutting-edge AI technology and mission-critical integration capabilities to expand group

  6. Slide 6: Promotion of Business Portfolio Reform / Progress of Capital Allocation

    Promotion of Business Portfolio Reform/ Progress of Capital Allocation Steady implementation of measures to improve capital efficiency and additional execution of flexible share buybacks based on capital allocation policy Acceleration of business portfolio reform Hitachi Construction Machinery Astem

  7. Slide 7: Contents

    Contents 1. Key Messages 2. Q3 FY2025 Results 3. FY2025 Forecast 4. Performance by Business Segment 5. Lumada Business Appendices 7 ©Hitachi, Ltd. 2026. All rights reserved

  8. Slide 8: Q3 FY2025 Highlights

    Q3 FY2025 Highlights ✓ Revenue and profit increased, driven by continued growth momentum, particularly in Energy, fueled by robust demand; Mobility, supported by the strong Railway Signaling Systems business; and DSS, backed by solid performance in the Japanese IT business ✓ Core FCF increased, driv

  9. Slide 9: Breakdown of YoY Changes in Revenue, Adj. EBITA, and Core FCF

    Breakdown of YoY Changes in Revenue, Adj. EBITA, and Core FCF in Q3 FY2025 Billions of yen [YoY +7%] [YoY +10%] 2,465.2 +173.1 2,638.3 +76.0 2,714.3 ⊕ Power Grid (Energy) Revenue ⊕ Front Business (DSS) ⊕ Mobility Energy・DSS・ Subtotal Foreign Q1 FY24 Q3 FY24 エナジー・ Others 小計 為替影響 Exchange FY25 Q3 FY25

  10. Slide 10: Financial Position and Cash Flows

    Financial Position and Cash Flows Summary of Consolidated Financial Position As of As of Difference from Billions of yen March 31, 2025 December 31, 2025 March 31, 2025 Total assets 13,284.8 14,684.7 +1,399.9 Cash and cash equivalents 866.2 1,124.6 +258.4 Trade receivables and contract assets 3,496.

  11. Slide 11: Regional Revenues in Q3 FY2025

    Regional Revenues in Q3 FY2025 Expanded across all regions, primarily in Europe, North America, and “ASEAN, India, other areas” ✓ Energy : The Power Grids business performed strongly in all regions, including Europe, North America, and the Middle East, driven by continued robust demand for transmiss

  12. Slide 12: Orders Results by Business Segment in Q3/Q1-Q3 FY2025

    Orders Results by Business Segment in Q3/Q1-Q3 FY2025 Q3 FY2025 ✓ DSS ：Orders in Japan remained solid in the Front Business, supported by projects focused on DX/modernization. Overseas orders in the Services & Platforms decreased due to the disciplined deal governance in the storage business ✓ Energ

  13. Slide 13: Contents

    Contents 1. Key Messages 2. Q3 FY2025 Results 3. FY2025 Forecast 4. Performance by Business Segment 5. Lumada Business Appendices 13 ©Hitachi, Ltd. 2026. All rights reserved

  14. Slide 14: FY2025 Highlights

    FY2025 Highlights ✓Forecasts for Energy, driven by strong Power Grids performance, Mobility, and CI are revised upward. Overall upward revision for Hitachi Group: Revenue: +200.0 bn yen, Adj. EBITA: +50.0 bn yen, Net Income: +10.0 bn yen, Core FCF: +200.0 bn yen, ROIC: +0.3 pts ✓Revenue and profit a

  15. Slide 15: Breakdown of YoY Changes in Revenue and Adj. EBITA

    Breakdown of YoY Changes in Revenue and Adj. EBITA in FY2025 Billions of yen [YoY +7%] [YoY +7%] +662.7 10,446.0 +54.0 10,500.0 9,783.3 Revenue FY24 Energy・ DSS・ DSS・エナジー・ 小計 Subtotal Foreign 為替影響 FY25 FY24 Others Exchange FY25 モビリティ・他 +205.5 +7.0 1,260.0 1,253.0 (36.0) 1,083.5 Adj. EBITA FY24 Energ

  16. Slide 16: Breakdown of YoY Changes in Net Income and Core FCF

    Breakdown of YoY Changes in Net Income and Core FCF in FY2025 Billions of yen (*) Hitachi Construction Machinery ⊖Absence of gains from large asset sales in previous year +154.9 ⊖Income taxes related with share transfer of HCM(*) and Astemo ⊖Increase in restructuring expense (30.5) +178.3 760.0 Net

  17. Slide 17: Contents

    Contents 1. Key Messages 2. Q3 FY2025 Results 3. FY2025 Forecast 4. Performance by Business Segment 5. Lumada Business Appendices 17 ©Hitachi, Ltd. 2026. All rights reserved

  18. Slide 18: DSS: Performance

    DSS: Performance by Business Segment Q3 FY2025 YoY FY2025 YoY vs Previous Forecasts Billions of yen Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Digital Systems & 714.9 108.7 +3% +13.0 2,950.0 437.0 +4% +42.9 ±0% ±0.0 Services 15.2% [+2%] (*) +1.5 pt

  19. Slide 19: Energy: Performance

    Energy: Performance by Business Segment Q3 FY2025 YoY FY2025 YoY vs Previous Forecasts Billions of yen Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Energy 872.3 117.9 +33% +50.0 3,170.0 400.0 +21% +147.9 +7% +32.0 (*) 13.5% [+27%] +3.2 pts 12.6% [+19

  20. Slide 20: Mobility: Performance

    Mobility: Performance by Business Segment Q3 FY2025 YoY FY2025 YoY vs Previous Forecasts Billions of yen Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Mobility 349.1 31.1 +14% +9.7 1,300.0 106.0 +11% +11.0 +3% +3.0 (*) 8.9% [+5%] +1.9 pts 8.2% [+6%] +

  21. Slide 21: CI: Performance

    CI: Performance by Business Segment Q3 FY2025 YoY FY2025 YoY vs Previous Forecasts Billions of yen Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Revenue Adj. EBITA Connective Industries 810.8 101.8 (3)% +1.8 3,260.0 356.0 (1)% +10.6 +1% +7.0 12.6% [(4)%] (*) +0.6 pts 10

  22. Slide 22: Contents

    Contents 1. Key Messages 2. Q3 FY2025 Results 3. FY2025 Forecast 4. Performance by Business Segment 5. Lumada Business Appendices 22 ©Hitachi, Ltd. 2026. All rights reserved

  23. Slide 23: Lumada Business

    Lumada Business Q3 FY2024 Q3 FY2025 FY2024 FY2025 Hitachi Total Adj. EBITA margin 11.4% 12.8% 11.1% 12.0% Lumada business revenue ratio 30% 41% 31% 39% Lumada business Adj. EBITA margin 15% 16% 4,100.0 Lumada business revenue (YoY +36%) 1,114.0 3,021.0 1,850.0 Billions of yen 740.0 (YoY +51%) 1,405.

  24. Slide 24: Lumada Business Expansion: Strengthening HMAX Rollout

    Lumada Business Expansion: Strengthening HMAX Rollout(*) Strengthening HMAX rollout across sectors to establish a continuous and stable earnings base HMAX Digital Services leveraging data collected from Digitalized Assets and AI enhanced by domain knowledge Energy Mobility CI Utilizing digital techn

  25. Slide 25: Lumada Business Expansion: Expanding the AI Ecosystem

    Lumada Business Expansion: Expanding the AI Ecosystem / Promoting HMAX Development Expansion of the AI Ecosystem through Partner Collaboration Accelerating Collaboration Accelerating Collaboration with Microsoft with Google Cloud • Progress in strategic alliance with Microsoft Integrating the below

  26. Slide 26: Contents

    Contents 1. Key Messages 2. Q3 FY2025 Results 3. FY2025 Forecast 4. Performance by Business Segment 5. Lumada Business Appendices 26 ©Hitachi, Ltd. 2026. All rights reserved

  27. Slide 27: Consolidated Total: Performance

    Consolidated Total: Performance by Business Segment vs Previous Q3 FY2025 YoY Q1-Q3 FY2025 YoY FY2025 YoY Forecasts Adj. Adj. Adj. Adj. Adj. Adj. Adj. Revenue Revenue Revenue Revenue Revenue Revenue Revenue Billions of yen EBITA EBITA EBITA EBITA EBITA EBITA EBITA Digital Systems 714.9 108.7 +3% +13

  28. Slide 28: Summary of Consolidated Statement of Profit & Loss

    Summary of Consolidated Statement of Profit & Loss Q1-Q3 Q1-Q3 vs Previous Q3 FY24 Q3 FY25 YoY YoY FY24 FY25 YoY Billions of yen FY24 FY25 Forecasts Revenue 2,465.2 2,714.3 +10% 7,011.2 7,501.7 +7% 9,783.3 10,500.0 +7% +2% Adj. Operating Income 250.1 317.6 +67.5 654.9 825.7 +170.8 971.6 1,150.0 +178

  29. Slide 29: GlobalLogic: Synergies and Stand-Alone Revenue Trends

    GlobalLogic：Synergies and Stand-Alone Revenue Trends Total 1,105 Units: MUSD YoY+21% The total is included in Lumada business revenue 482 550 593 413 462 YoY+44% Synergies (booked by other BUs & Group companies)(*) 504 507 496 503 512 Stand-Alone YoY+2% (*): GlobalLogic contribution to the Lumada bu

  30. Slide 30: Topics (U.S. Reciprocal Tariff Impacts)

    Topics (U.S. Reciprocal Tariff Impacts) 1. Q3 FY2025 (Actual) ✓ Direct and indirect impact amounts (after offsetting effects of countermeasures): Adj. EBITA (5.0) bn yen, Net Income (5.0) bn yen ✓ Hitachi Energy implemented efforts to mitigate the direct impact on performance through countermeasures

  31. Slide 31: Notes

    Notes Items Contents DSS / CI Digital Systems & Services / Connective Industries Adj. EBITA Adj. operating income plus acquisition-related amortization Acquisition-related amortization Amortization and depreciation of intangible assets and other assets allocated from goodwill recognized through fair

  32. Slide 32: 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

  33. Slide 33: HITACHI

    HITACHI

Hitachi Ltd Ord — Q3 2025 Earnings Presentation on 6ix