Hitachi Ltd Ord (HTHIF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

The scheduled time has come, so we will now begin Hitachi Limited financial results briefing for Q3 FY 2025. Thank you very much for taking time out of your busy schedule to attend today. The presentation materials are available on Hitachi Limited IR website and news release website, so please take a look. Let me now introduce the three speakers. Tomomi Kato, Senior Vice President and Executive Officer, CFO. Hiroaki Ono, Deputy General Manager, Finance Division. Shinichiro Tamai, Executive General Manager, Investor Relations Division. Mr. Kato will first explain the overview of the financial results. Please wait for a moment while we switch screens. Mr. Carter, the floor is yours. First, let me explain the content of the presentation material. It includes the key points of the earnings announcement this time, which is FI25 Q3 performance, the four-year forecast for FI2025, and performance by segment Lumana Business. First, on the key points of the earnings this time, starting from the highlights of Hitachi Group's performance. During Q3 FY2025, on top of continued robust performance of our energy business, mobility and DSS backed by solid domestic IT business grew firmly, resulting in both Hitachi's consolidated total revenue and profit to increase. Core free cash flow also rose year-on-year with all of our revenue adjusted EBITDA and core cash flow to post record highs. Allow me to explain about the five KPIs. First, revenue grew by 10% year-on-year. Adjusted EBITDA was up by 60 billion yen year-on-year and adjusted EBITDA margin increased as well. Quarterly net income attributable to Hitachi Inc. also increased year on year. Core cash flow on a consolidated basis, driven mainly by CI Connective Industries and Energy, increased by 80 billion yen year on year. Compar...