trending Market Intelligence /marketintelligence/en/news-insights/trending/57ZWzRdNm0GaspIqOHIiJA2 content esgSubNav
In This List

Hitachi fiscal Q1 profit climbs YOY

Blog

Broadcast deal market recap, Q2'22

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022


Hitachi fiscal Q1 profit climbs YOY

Hitachi Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥5.64 per share, a gain from ¥5.39 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥27.26 billion, an increase from ¥26.02 billion in the prior-year period.

The normalized profit margin rose to 1.3% from 1.2% in the year-earlier period.

Total revenue increased year over year to ¥2.136 trillion from ¥2.083 trillion, and total operating expenses climbed from the prior-year period to ¥2.056 trillion from ¥2.027 trillion.

Reported net income grew 167.4% year over year to ¥28.82 billion, or ¥5.97 per share, from ¥10.78 billion, or ¥2.23 per share.

As of Aug. 29, US$1 was equivalent to ¥103.87.