Overview
Electric Appliances

Hitachi,Ltd.

Hitachi is a global social innovation enterprise that leverages IT, OT (operational technology), and products to solve societal and customer challenges through its Lumada digital solutions platform. The company operates across three core growth sectors: Digital Systems & Services (system integration, cloud, IT products), Green Energy & Mobility (power grids, renewable energy, nuclear, rail systems), and Connective Industries (building systems, home appliances, measurement & analysis, industrial equipment). Hitachi's competitive strength lies in its unique combination of cutting-edge IT, mission-critical OT expertise, and high-quality hardware products, enabling end-to-end transformation of social infrastructure on a global scale.

Market Cap
¥24,868B
US$159B
EV
¥24,338B
US$155B
Stock¥5,562▼-4.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.9
x
LTM EV/EBIT
18.8
x
LTM PER
31.1
x
LTM PBR
3.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+0.4%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 6, 26New Year rally institutional buying
2Feb 9, 26Activist investor shareholder return demand
3Jul 30, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
24,868BUS$159BMarket Cap1,057BUS$6.74B+ Debt1,504BUS$9.60B− Cash272BUS$1.73B− Inv. Sec.189BUS$1.21B+ NCI24,338BUS$155BEV
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Performance & Balance
Revenue 5Y (¥B)
10,265US$65.5B'22/310,881US$69.4B'23/39,729US$62.0B'24/39,783US$62.4B'25/310,587US$67.5B'26/3
EBITDA 5Y (¥B)
1,278US$8.15B'22/31,274US$8.13B'23/31,207US$7.70B'24/31,403US$8.95B'25/31,657US$10.6B'26/3
Net Income 5Y (¥B)
583US$3.72B'22/3649US$4.14B'23/3590US$3.76B'24/3616US$3.93B'25/3802US$5.12B'26/3
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
969US$6.18B1,526US$9.73B'22/3833US$5.31B1,041US$6.64B'23/3705US$4.50B958US$6.11B'24/3866US$5.52B1,206US$7.69B'25/31,323US$8.44B1,009US$6.44B'26/3
Shareholders
Top 10 hold 39.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
16.50%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.53%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.28%
4
The Chase Manhattan Bank, N.A., London, SL Omnibus Account (Standing Proxy: Mizuho Bank, Ltd.)
3.23%
5
Moxley & Co. LLC (Standing Proxy: Mizuho Bank, Ltd.)
2.40%
6
Nippon Life Insurance Company
1.88%
7
Employee Stock Ownership Association
1.64%
8
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A.)
1.57%
9
JP MORGAN CHASE BANK 385642 (Standing Proxy: Mizuho Bank, Ltd.)
1.50%
10
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
1.43%
Management
11 officers
Ikuro SUGAHARA
Director; Chairman of the Board; Chairman of the Nominating Committee; Audit and Supervisory Committee Member; Member of the Compensation Committee
Jul 2010 Director-General, Industrial Science and Technology Policy and Environment Bureau, Ministry of Economy, Trade and Industry (METI) Sep 2012 Director-General, Manufacturing Industries Bureau, METI Jun 2013 Director-General, Economic and Industrial Policy Bureau, METI Jul 2015 Vice-Minister of Economy, Trade and Industry Aug 2017 Senior Advisor, Cabinet Secretariat (resigned Jun 2018) Jun 2022 Director, Hitachi, Ltd. (current)
1957-03-06
Ilham KADRI
Director; Member of the Nominating Committee
Jan 2007 Marketing Director, Rohm and Haas Company (now The Dow Chemical Company) Sep 2009 General Manager, Dow Advanced Materials Division (Middle East and Africa) and Commercial Director, Dow Water & Process Solutions Division (Europe, Middle East and Africa), The Dow Chemical Company Jan 2013 Vice President and President, Diversey Care Division, Sealed Air Corporation Jan 2017 Senior Vice President, Sealed Air Corporation Sep 2017 President and CEO, Diversey, Inc. Mar 2019 CEO, Solvay S.A. (resigned Dec 2023) Dec 2023 CEO, Syensqo S.A. (resigned Dec 2025) Jun 2026 Director, Hitachi, Ltd.
1969-02-14
Takeshi NISHIJIMA
Director; Member of the Nominating Committee; Audit and Supervisory Committee Member
Oct 2008 Executive Officer; General Manager, Product Business Center, IA Business Division, Yokogawa Electric Corporation Apr 2010 President and Representative Director, Yokogawa Meters & Instruments Corporation (now Yokogawa Test & Measurement Corporation) (resigned Mar 2012) Jun 2011 Director, Yokogawa Electric Corporation Apr 2012 Managing Executive Officer; General Manager, IA Platform Business Division, Yokogawa Electric Corporation Apr 2013 President and Representative Director, Yokogawa Electric Corporation Apr 2019 Chairman and Representative Director, Yokogawa Electric Corporation Apr 2021 Chairman of the Board, Yokogawa Electric Corporation (resigned Jun 2023) Jun 2025 Director, Hitachi, Ltd.
1957-08-12
Masahiko CHINO
Director; Chair of the Audit and Supervisory Committee
Sep 2001 President and Representative Director, KPMG FAS Co., Ltd. (scheduled to retire Jun 2026) Sep 2009 Director, KPMG Healthcare Japan Co., Ltd. (scheduled to retire Jun 2026) Aug 2018 Executive Director, KPMG AZSA LLC (retired Jun 2025) Oct 2019 Chairman, KPMG Consulting Co., Ltd. (resigned Dec 2024) Sep 2021 Chairman and Representative Director, KPMG Ignition Tokyo Ltd. (scheduled to retire Jun 2026) Oct 2022 Representative Director, KPMG Advisory Lighthouse Co., Ltd. (scheduled to retire Jun 2026) Mar 2023 Co-Chairman, KPMG Japan (scheduled to retire Jun 2026) Jan 2025 Representative Director, KPMG Consulting Co., Ltd. (scheduled to retire Jun 2026) Jul 2025 Senior Managing Executive Officer, KPMG AZSA LLC (scheduled to retire Jun 2026) Dec 2025 President and Representative Director, KPMG Advisory Holdings Co., Ltd. (scheduled to retire Jun 2026) Jun 2026 Director, Hitachi, Ltd.
1963-10-26
Helmut LUDWIG
Director; Audit and Supervisory Committee Member
Jun 2001 President, Software and System House Division, Siemens AG (Germany) Aug 2002 President, Systems Engineering Division, Automation and Drives Group, Siemens AG Aug 2007 President, Siemens PLM Software Inc. Oct 2010 Global Head of Communications, Industry Automation, Siemens Corporation (U.S.) Oct 2011 President and CEO, Industry Sector, North America, Siemens Industry, Inc. Oct 2014 Executive Vice President and Chief Digital Officer, Digital Factory Division, Product Lifecycle Management, Siemens Corporation (U.S.) Oct 2016 Chief Information Officer, Siemens AG (Germany) (resigned Dec 2019) Jan 2020 Professor of Practice in Strategy and Entrepreneurship, Cox School of Business, Southern Methodist University (current) Jul 2020 Director, Hitachi, Ltd.
1962-09-19
Eriko SAKURAI
Director; Chair of the Compensation Committee
May 2008 Director, Dow Corning Toray Co., Ltd. (now Dow Toray Co., Ltd.) Mar 2009 Chairman and Representative Director and CEO, Dow Corning Toray Co., Ltd. (resigned Jul 2020) May 2011 Regional President, Japan/Korea, Dow Corning Corporation Aug 2020 President and Representative Director, Dow Chemical Japan Limited (resigned Jun 2022) Jun 2025 Director, Hitachi, Ltd.
1960-11-16
Isabelle DESCHAMPS
Director; Member of the Compensation Committee
May 1993 Admitted to the Bar of Quebec, Canada Feb 2003 Head of Legal and Company Secretary, Nestlé UK Ltd. Nov 2009 Admitted as Solicitor, England and Wales, UK Oct 2012 Senior Vice President, General Counsel, Global Categories and Intellectual Property, Unilever PLC (U.K.) Jan 2017 Executive Vice President, General Counsel, Europe and Global E-Commerce, Digital and Privacy, Unilever PLC (U.K.) Jan 2018 Executive Vice President, General Counsel, Europe and Global Foods & Refreshments, Unilever N.V. (Netherlands) Sep 2018 Member of Executive Committee, Group General Counsel, AkzoNobel N.V. Oct 2021 Member of Executive Committee, Chief Legal, Governance & Corporate Affairs Officer, Rio Tinto (current) Jun 2024 Director, Hitachi, Ltd.
1970-06-11
Ravi VENKATESAN
Director
Jul 1999 Chairman of the Board of Directors, Cummins India Ltd. (resigned Mar 2004) Jan 2004 Chairman, Microsoft India (resigned Sep 2011) Apr 2011 Independent Director, Infosys Ltd. (Co-Chairman Apr-Aug 2017; resigned May 2018) Apr 2013 Venture Partner, Unitus Ventures (now Capria Ventures Advisors) (current) Aug 2015 Chairman (Non-Executive), Bank of Baroda (resigned Aug 2018) Sep 2018 UNICEF Special Representative for Young People & Innovation (resigned Sep 2023) Jul 2020 Director, Hitachi, Ltd. Oct 2022 Board Chair, Global Energy Alliance for People and Planet
1963-01-12
Toshiaki HIGASHIHARA
Chairman of the Board; Member of the Nominating Committee
Apr 1977 Joined Hitachi, Ltd. Apr 2006 COO, Information & Telecommunication Systems Group, Hitachi, Ltd. Apr 2007 Managing Executive Officer, Hitachi, Ltd. Apr 2008 President, Hitachi Power Europe GmbH Apr 2010 Representative Executive Officer, President, Hitachi Plant Technologies, Ltd. Jun 2010 Representative Director and President, Hitachi Plant Technologies, Ltd. Apr 2011 Managing Executive Officer, Hitachi, Ltd. Apr 2013 Senior Managing Executive Officer, Hitachi, Ltd. Apr 2014 Representative Executive Officer, President and COO, Hitachi, Ltd. Jun 2014 Representative Executive Officer, President, COO and Director, Hitachi, Ltd. Apr 2016 Representative Executive Officer, President, CEO and Director, Hitachi, Ltd. May 2021 Representative Executive Officer, Executive Chairman, President, CEO and Director, Hitachi, Ltd. Jun 2021 Representative Executive Officer, Executive Chairman, CEO and Director, Hitachi, Ltd. Apr 2022 Chairman of the Board and Representative Executive Officer, Hitachi, Ltd.
1955-02-16
Mitsuaki NISHIYAMA
Director; Full-time Audit and Supervisory Committee Member
Apr 1979 Joined Hitachi, Ltd. Apr 2008 General Manager, Finance Division I, Hitachi, Ltd. Apr 2011 Executive Officer, Hitachi Cable, Ltd. Jun 2012 Director and Executive Officer, Hitachi Cable, Ltd. Apr 2013 Director and Managing Executive Officer, Hitachi Cable, Ltd. Jul 2013 Director and Managing Executive Officer, Hitachi Metals, Ltd. (now Proterial, Ltd.) Apr 2014 Managing Executive Officer, Hitachi Metals, Ltd. (resigned Mar 2015) Apr 2015 Managing Executive Officer, Hitachi, Ltd. Apr 2016 Representative Executive Officer, Senior Managing Executive Officer, Hitachi, Ltd. Apr 2020 Representative Executive Officer, Executive Chairman and CEO, Hitachi Metals, Ltd. Jun 2020 Representative Executive Officer, Executive Chairman, President and CEO, Hitachi Metals, Ltd. Jun 2020 Representative Executive Officer, Executive Chairman, President, CEO and Director, Hitachi Metals, Ltd. Jan 2023 Representative Director, Chairman and Executive Officer, Proterial, Ltd. (resigned Mar 2023) Apr 2023 Advisor, Hitachi, Ltd. Jun 2023 Director, Hitachi, Ltd.
1956-09-25
Toshiaki TOKUNAGA
Representative Executive Officer, President and CEO; Director
Apr 1990 Joined Hitachi, Ltd. Apr 2014 General Manager, Smart Information Systems Division, Service Business Division, Information & Telecommunication Systems Company, Information & Telecommunication Systems Group, Hitachi, Ltd. Apr 2017 President and Director, Hitachi Appliances, Inc. (resigned Mar 2019) Apr 2018 General Manager, Lifestyle & Ecosystem Business Division, Hitachi, Ltd. Apr 2019 Managing Executive Officer, Hitachi, Ltd. Apr 2020 Senior Managing Executive Officer, Hitachi, Ltd. Apr 2021 Representative Executive Officer, Executive Vice President, Hitachi, Ltd. Apr 2025 Representative Executive Officer, President and CEO, Hitachi, Ltd. Jun 2025 Representative Executive Officer, President, CEO and Director, Hitachi, Ltd.
1967-03-15
Large Shareholding Reports
BlackRock Fund Advisors
2026-03-04
1.82%→1.99%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.91%→3.40%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-27
Securities Registration Statement
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
EDINETAmended
2025-07-31
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2025-07-31
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-31
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2025-07-31
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-07-31
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2025-07-31
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-04-28
中期経営計画
EDINET
2025-04-28
Securities Registration Statement
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-04-26
Securities Registration Statement
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-21
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
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