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Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022
[The Quarter Ended December 31, 2022]
2022年度第3四半期 連結決算 補足情報 ダイ シハンキ
［2023年3月期第3四半期］ ダイ シハンキ
February 1, 2023
Hitachi, Ltd.
株式会社日立製作所
1. Summary of Condensed Quarterly Consolidated Statement of Profit or Loss　要約四半期連結損益計算書 ヨウヤクシハンキ 2
2. Summary of Condensed Quarterly Consolidated Statement of Cash Flows　要約四半期連結キャッシュ・フロー計算書 ヨウヤクシハンキ レンケツ 3
3. Summary of Condensed Quarterly Consolidated Statement of Financial Position　要約四半期連結財政状態計算書 ヨウヤクシハンキ 3
4. Financial Results and Forecast by Sectors, Astemo and Listed Subsidiaries　セクター・Astemo・上場子会社別の実績及び見通し ジッセキ オヨ ミトオ 4
5. Financial Results and Forecast by Business Segments　セグメント別実績及び見通し オヨ ミトオ 5
6. Revenues by Market　地域別売上収益 10
7. Capital Expenditure (Completion Basis) 設備投資額(完成ベース) 11
8. Depreciation and Amortization 減価償却費及び無形資産償却費 11
9. Share of Profits (Losses) of Investments Accounted for Using the Equity Method 　持分法による投資損益 13
10. R&D Expenditure　研究開発費 13
11. Foreign Exchange Rate　為替レート 14
12. Number of Employees and Consolidated Subsidiaries　従業員数・連結子会社数 14
13. Cautionary Statement　将来予想に関する記述 15

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 &P

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1. Summary of Condensed Quarterly Consolidated Statement of Profit or Loss　要約四半期連結損益計算書 ヨウヤクシハンキ
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*2 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues 2,367.4 2,465.2 2,514.0 7,346.6 2,569.8 2,846.9 2,692.0 8,108.7 110% 10,264.6 10,550.0 103% 101%
Adjusted operating income*1 130.4 179.5 174.4 484.4 121.5 203.0 202.8 527.4 +43.0 738.2 753.0 +14.7 ±0.0
Adjusted operating income ratio 5.5% 7.3% 6.9% 6.6% 4.7% 7.1% 7.5% 6.5% (0.1) points 7.2% 7.1% (0.1) points (0.1) points
Adjusted EBITA*2 161.1 211.2 202.7 575.2 154.8 238.1 231.1 624.2 +49.0 855.3 877.0 +21.6 ±0.0
Adjusted EBITA ratio 6.8% 8.6% 8.1% 7.8% 6.0% 8.4% 8.6% 7.7% (0.1) points 8.3% 8.3% ±0.0 points (0.1) points
EBIT*3 168.6 256.7 175.9 601.4 80.6 211.6 182.2 474.5 (126.8) 850.9 858.0 +7.0 +23.0
EBIT ratio 7.1% 10.4% 7.0% 8.2% 3.1% 7.4% 6.8% 5.9% (2.3) points 8.3% 8.1% (0.2) points +0.1 points
EBITDA*4 300.0 389.2 311.1 1,000.4 222.7 352.6 306.1 881.6 (118.7) 1,392.8 1,390.0 (2.8) +13.0
Income before income taxes 166.8 253.2 173.1 593.2 76.6 205.5 174.6 456.8 (136.4) 839.3 834.0 (5.3) +30.0
Income taxes (29.9) (25.7) (25.3) (81.0) (29.5) (51.7) (41.6) (122.9) (41.9) (168.4) (144.0) +24.4 ±0.0
Income tax allocation rate 17.9% 10.2% 14.6% 13.7% 38.6% 25.2% 23.9% 26.9% +13.2 points 20.1% 17.3% (2.8) points (0.6) points
Net income 136.9 227.4 147.8 512.2 47.0 153.7 133.0 333.8 (178.3) 670.8 690.0 +19.1 +30.0
Net income attributable to Hitachi, Ltd. stockholders 122.2 200.2 128.3 450.7 37.1 135.3 119.7 292.2 (158.5) 583.4 630.0 +46.5 +30.0
Earnings per share 126.49 yen 207.17 yen 132.80 yen 466.47 yen 38.53 yen 142.17 yen 127.48 yen 306.99 yen (159.48) yen 603.75 yen 664.39 yen +60.64 yen +34.33 yen
Return on Invested Capital (ROIC)*5 7.7% 7.4% (0.3) points +0.2 points
*1 "Adjusted operating income" is presented as revenues less selling, general and administrative expenses as well as cost of sales.
*2 The definition of "Adjusted EBITA" has been changed to the below from FY2022.
"Adjusted EBITA" is presented as adjusted operating income plus acquisition-related amortization and equity in earnings (losses) of affiliates.
"Revised" is presented as figures reflecting the change.
*3 "EBIT" is presented as income before income taxes less interest income plus interest charges.
*4 "EBITDA" is presented as EBIT less depreciation and amortization.
*5 ROIC(Return on Invested Capital) = (NOPAT + Share of profits(losses) of investments accounted for using the equity method) / "Invested Capital" x 100
NOPAT(Net Operating Profit after Tax) = Adjusted Operating Income x (1 - Tax burden rate)
Invested Capital = Interest-bearing debt + Total equity

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 2

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2. Summary of Condensed Quarterly Consolidated Statement of Cash Flows　要約四半期連結キャッシュ・フロー計算書 ヨウヤクシハンキ
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Cash flows from operating activities 137.0 24.3 95.6 257.1 106.1 127.4 146.4 380.0 +122.9 729.9 710.0 (19.9) +20.0
Cash flows margin from operating activities 5.8% 1.0% 3.8% 3.5% 4.1% 4.5% 5.4% 4.7% +1.2 points 7.1% 6.7% (0.4) points +0.1 points
Cash flows from investing activities (7.0) (944.3) (76.2) (1,027.7) (72.0) (0.3) (72.9) (145.2) +882.4 (1,048.8)
Free cash flows 130.0 (919.9) 19.3 (770.5) 34.1 127.1 73.5 234.8 +1,005.3 (318.9)
Core free cash flows*1 39.5 (83.1) (4.9) (48.5) 5.3 19.2 50.2 74.9 +123.4 290.0 270.0 (20.0) +20.0
3. Summary of Condensed Quarterly Consolidated Statement of Financial Position　要約四半期連結財政状態計算書 ヨウヤクシハンキ
(Billions of yen) As of Mar. 31, 2022 As of Dec. 31, 2022 Change from Mar. 31, 2022
Total assets 13,887.5 13,281.0 (606.4)
Trade receivables and contract assets 2,978.1 2,568.8 (409.3)
Total liabilities 8,532.2 8,110.4 (421.8)
Interest-bearing debt 3,126.7 3,054.7 (71.9)
Total Hitachi, Ltd. stockholders' equity 4,341.8 4,524.1 +182.3
Non-controlling interests 1,013.4 646.4 (367.0)
Cash Conversion Cycle 78.1 days 56.7 days (21.4) days
Total Hitachi, Ltd. stockholders' equity ratio 31.3% 34.1% +2.8 points
D/E ratio (Including non-controlling interests) 0.58 times 0.59 times +0.01 times
*1 "Core free cash flows" are cash flows presented as free cash flows excluding cash flows from M&A and asset sales, etc.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 3

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4. Financial Results and Forecast by Sectors, Astemo and Listed Subsidiaries　セクター・Astemo・上場子会社別の業績
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*2 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Three sectors total*1 (Digital Systems & Services/ Green Energy & Mobility/ Connective Industries) Revenues 1,529.8 1,616.8 1,637.4 4,784.1 1,637.2 1,851.6 1,919.8 5,408.7 113% 6,699.2 7,357.1 110% 102%
Adjusted operating income 98.2 136.6 133.9 368.7 94.8 153.3 161.2 409.3 +40.5 560.9 583.7 +22.8 +1.0
Adjusted operating income ratio 6.4% 8.5% 8.2% 7.7% 5.8% 8.3% 8.4% 7.6% (0.1) points 8.4% 7.9% (0.5) points (0.2) points
EBIT 138.8 206.0 135.3 480.2 55.8 172.5 165.4 393.8 (86.4) 643.6 738.4 +94.7 +41.7
EBIT ratio 9.1% 12.7% 8.3% 10.0% 3.4% 9.3% 8.6% 7.3% (2.7) points 9.6% 10.0% +0.4 points +0.4 points
Net income attributable to Hitachi, Ltd. stockholders 114.2 182.3 119.7 416.4 40.5 128.5 117.1 286.3 (130.0) 524.1 605.7 +81.6 +38.4
Adjusted EBITA 125.4 162.3 158.3 446.2 124.9 185.4 187.7 498.0 +51.8 662.1 698.7 +36.5 +0.9
Adjusted EBITA ratio 8.2% 10.0% 9.7% 9.3% 7.6% 10.0% 9.8% 9.2% (0.1) points 9.9% 9.5% (0.4) points (0.2) points
EBITDA 221.6 290.1 220.4 732.3 145.1 264.3 258.9 668.3 (63.9) 988.5 1,110.8 +122.3 +40.8
Astemo (Automotive Systems) Revenues 382.5 373.3 395.3 1,151.3 388.2 495.8 493.1 1,377.2 120% 1,597.7 1,870.0 117% 101%
Adjusted operating income 12.1 10.2 12.2 34.5 (5.4) 15.4 26.8 36.8 +2.3 58.7 88.0 +29.2 ±0.0
Adjusted operating income ratio 3.2% 2.7% 3.1% 3.0% (1.4)% 3.1% 5.4% 2.7% (0.3) points 3.7% 4.7% +1.0 points (0.1) points
EBIT 12.8 8.3 10.7 31.9 (23.4) 0.1 15.3 (7.8) (39.8) 60.8 31.0 (29.8) (14.0)
EBIT ratio 3.3% 2.2% 2.7% 2.8% (6.0)% 0.0% 3.1% (0.6)% (3.4) points 3.8% 1.7% (2.1) points (0.7) points
Net income attributable to Hitachi, Ltd. stockholders 2.8 0.7 0.0 3.5 (20.9) (6.8) 1.3 (26.4) (29.9) 14.6 (8.0) (22.7) (8.7)
Adjusted EBITA 13.1 11.0 13.1 37.3 (4.6) 16.5 28.0 39.8 +2.5 62.3 92.0 +29.6 ±0.0
Adjusted EBITA ratio 3.4% 3.0% 3.3% 3.2% (1.2)% 3.3% 5.7% 2.9% (0.3) points 3.9% 4.9% +1.0 points (0.1) points
EBITDA 36.0 31.0 34.7 101.8 2.2 26.7 42.0 71.1 (30.7) 154.8 137.0 (17.8) (15.0)
Three sectors + Astemo Total Revenues 1,912.4 1,990.1 2,032.8 5,935.4 2,025.4 2,347.4 2,412.9 6,785.9 114% 8,296.9 9,227.1 111% 102%
Adjusted operating income 110.3 146.8 146.1 403.3 89.3 168.7 188.0 446.2 +42.9 619.6 671.7 +52.1 +1.0
Adjusted operating income ratio 5.8% 7.4% 7.2% 6.8% 4.4% 7.2% 7.8% 6.6% (0.2) points 7.5% 7.3% (0.2) points (0.1) points
EBIT 151.6 214.4 146.0 512.1 32.4 172.7 180.7 385.9 (126.2) 704.5 769.4 +64.8 +27.7
EBIT ratio 7.9% 10.8% 7.2% 8.6% 1.6% 7.4% 7.5% 5.7% (2.9) points 8.5% 8.3% (0.2) points +0.1 points
Net income attributable to Hitachi, Ltd. stockholders 117.0 183.1 119.7 419.9 19.6 121.7 118.5 259.9 (160.0) 538.7 597.6 +58.8 +29.6
Adjusted EBITA 138.6 173.4 171.4 483.5 120.2 201.9 215.7 537.9 +54.4 724.5 790.7 +66.2 +0.9
Adjusted EBITA ratio 7.2% 8.7% 8.4% 8.1% 5.9% 8.6% 8.9% 7.9% (0.2) points 8.7% 8.6% (0.1) points (0.1) points
EBITDA 257.7 321.2 255.2 834.2 147.3 291.1 301.0 739.4 (94.7) 1,143.3 1,247.8 +104.5 +25.8
Listed subsidiaries total (Hitachi Construction Machinery/ Hitachi Metals) Revenues 454.9 475.0 481.1 1,411.2 544.3 499.4 279.0 1,322.8 94% 1,967.6 1,322.8 67% 100%
Adjusted operating income 20.1 32.7 28.2 81.1 32.1 34.2 14.7 81.2 +0.1 118.5 81.2 (37.3) (1.0)
Adjusted operating income ratio 4.4% 6.9% 5.9% 5.7% 5.9% 6.9% 5.3% 6.1% +0.4 points 6.0% 6.1% +0.1 points (0.1) points
EBIT 17.0 42.3 29.8 89.2 48.1 38.9 1.4 88.5 (0.6) 146.4 88.5 (57.8) (4.7)
EBIT ratio 3.7% 8.9% 6.2% 6.3% 8.9% 7.8% 0.5% 6.7% +0.4 points 7.4% 6.7% (0.7) points (0.3) points
Net income attributable to Hitachi, Ltd. stockholders 5.1 17.0 8.6 30.8 17.4 13.6 1.1 32.3 +1.4 44.6 32.3 (12.3) +0.3
Adjusted EBITA 22.5 37.7 31.3 91.6 34.6 36.2 15.4 86.2 (5.3) 130.8 86.2 (44.5) (0.9)
Adjusted EBITA ratio 5.0% 8.0% 6.5% 6.5% 6.4% 7.3% 5.5% 6.5% ±0.0 points 6.7% 6.5% (0.2) points (0.1) points
EBITDA 42.2 68.0 55.9 166.2 75.4 61.5 5.1 142.1 (24.0) 249.5 142.1 (107.3) (12.8)
Total Revenues 2,367.4 2,465.2 2,514.0 7,346.6 2,569.8 2,846.9 2,692.0 8,108.7 110% 10,264.6 10,550.0 103% 101%
Adjusted operating income 130.4 179.5 174.4 484.4 121.5 203.0 202.8 527.4 +43.0 738.2 753.0 +14.7 ±0.0
Adjusted operating income ratio 5.5% 7.3% 6.9% 6.6% 4.7% 7.1% 7.5% 6.5% (0.1) points 7.2% 7.1% (0.1) points (0.1) points
EBIT 168.6 256.7 175.9 601.4 80.6 211.6 182.2 474.5 (126.8) 850.9 858.0 +7.0 +23.0
EBIT ratio 7.1% 10.4% 7.0% 8.2% 3.1% 7.4% 6.8% 5.9% (2.3) points 8.3% 8.1% (0.2) points +0.1 points
Net income attributable to Hitachi, Ltd. stockholders 122.2 200.2 128.3 450.7 37.1 135.3 119.7 292.2 (158.5) 583.4 630.0 +46.5 +30.0
Adjusted EBITA 161.1 211.2 202.7 575.2 154.8 238.1 231.1 624.2 +49.0 855.3 877.0 +21.6 ±0.0
Adjusted EBITA ratio 6.8% 8.6% 8.1% 7.8% 6.0% 8.4% 8.6% 7.7% (0.1) points 8.3% 8.3% ±0.0 points (0.1) points
EBITDA 300.0 389.2 311.1 1,000.4 222.7 352.6 306.1 881.6 (118.7) 1,392.8 1,390.0 (2.8) +13.0
*1 "Three sectors total" is presented as the consolidated total less the total of Astemo, Hitachi Construction Machinery and Hitachi Metals. It includes others and corporate items & eliminations.
*2 From FY2022, the calculation of "Adjusted EBITA" is changed (see *2 on P2 sheet). "Revised" is presented as figures reflecting the change.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 4

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5. Financial Results and Forecast by Business Segments　セグメント別実績及び見通し ジッセキ オヨ ミトオ
5.1. Digital Systems & Services Segment*1　デジタルシステム＆サービスセグメント
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*5*6*7*8 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues (Total) 442.8 533.7 518.7 1,495.4 505.3 594.5 578.1 1,678.0 112% 2,153.6 2,290.0 106% 100%
Front Business*2 195.0 231.1 212.4 638.5 200.4 244.9 220.2 665.5 104% 948.0 985.0 104% 100%
IT Services*3 185.6 213.5 198.4 597.5 192.3 225.2 213.1 630.5 106% 842.7 860.0 102% 100%
Services & Platforms*4 156.1 197.9 201.8 555.8 210.2 234.8 244.0 689.0 124% 776.4 840.0 108% 100%
Adjusted operating income (Total) 43.6 68.7 58.2 170.6 45.1 63.2 65.5 173.9 +3.3 268.1 282.0 +13.8 ±0.0
Adjusted operating income ratio 9.8% 12.9% 11.2% 11.4% 8.9% 10.6% 11.3% 10.4% (1.0) points 12.4% 12.3% (0.1) points ±0.0 points
Front Business 12.7 21.4 17.9 52.0 9.6 17.9 19.0 46.4 (5.6) 96.3 104.4 +8.1 ±0.0
6.5% 9.3% 8.4% 8.1% 4.8% 7.3% 8.6% 7.0% (1.1) points 10.2% 10.6% +0.4 points ±0.0 points
IT Services 18.3 27.8 22.3 68.4 20.5 27.8 22.6 70.8 +2.5 99.9 102.5 +2.6 ±0.0
9.8% 13.0% 11.2% 11.4% 10.6% 12.3% 10.6% 11.2% (0.2) points 11.9% 11.9% ±0.0 points ±0.0 points
Services & Platforms 10.9 19.2 16.9 47.0 15.6 17.0 22.8 55.3 +8.3 71.4 78.6 +7.2 ±0.0
7.0% 9.7% 8.4% 8.5% 7.4% 7.2% 9.3% 8.0% (0.5) points 9.2% 9.4% +0.2 points ±0.0 points
EBIT (Total) 44.1 62.6 55.8 162.6 24.4 52.6 63.2 140.4 (22.2) 240.6 227.0 (13.6) ±0.0
EBIT ratio 10.0% 11.7% 10.8% 10.9% 4.8% 8.9% 10.9% 8.4% (2.5) points 11.2% 9.9% (1.3) points ±0.0 points
Front Business 13.8 21.2 17.2 52.2 9.0 7.8 18.0 34.7 (17.5) 94.2 94.2 ±0.0 ±0.0
7.1% 9.2% 8.1% 8.2% 4.5% 3.2% 8.2% 5.2% (3.0) points 9.9% 9.6% (0.3) points ±0.0 points
IT Services 18.2 27.2 22.2 67.6 4.8 27.6 22.4 54.8 (12.8) 94.1 82.2 (11.9) ±0.0
9.8% 12.7% 11.2% 11.3% 2.5% 12.3% 10.5% 8.7% (2.6) points 11.2% 9.6% (1.6) points ±0.0 points
Services & Platforms 9.8 13.7 15.6 39.2 10.4 16.3 22.4 49.0 +9.8 43.9 64.1 +20.2 ±0.0
6.3% 6.9% 7.7% 7.0% 4.9% 6.9% 9.2% 7.1% +0.1 points 5.7% 7.6% +1.9 points ±0.0 points
Adjusted EBITA (Total) 44.3 72.6 62.7 179.7 49.3 68.1 70.8 188.3 +8.5 281.4 300.0 +18.5 ±0.0
Adjusted EBITA ratio 10.0% 13.6% 12.1% 12.0% 9.8% 11.5% 12.3% 11.2% (0.8) points 13.1% 13.1% ±0.0 points ±0.0 points
Front Business 12.9 21.6 18.7 53.1 9.7 18.1 19.8 47.6 (5.5) 97.4 105.0 +7.6 ±0.0
6.6% 9.3% 8.8% 8.3% 4.9% 7.4% 9.0% 7.2% (1.1) points 10.3% 10.7% +0.4 points ±0.0 points
IT Services 18.4 27.9 22.4 68.8 20.6 27.9 22.7 71.2 +2.5 100.4 103.0 +2.6 ±0.0
9.9% 13.1% 11.3% 11.5% 10.7% 12.4% 10.7% 11.3% (0.2) points 11.9% 12.0% +0.1 points ±0.0 points
Services & Platforms 11.4 19.8 17.5 48.7 16.0 17.5 23.2 56.8 +8.1 73.4 80.0 +6.6 ±0.0
7.3% 10.0% 8.7% 8.8% 7.6% 7.5% 9.5% 8.2% (0.6) points 9.5% 9.5% ±0.0 points ±0.0 points
EBITDA 69.5 91.3 86.0 246.9 56.2 84.9 95.8 236.9 (9.9) 358.6 354.0 (4.6) ±0.0
ROIC 10.6% 8.8% (1.8) points ±0.0 points
*1 Figures for each subsegment include intersegment transactions.
*2 System integration, sales, maintenance, related services of software and hardware, and consulting businesses for financial, public,
enterprise and social infrastructure (power, rail, telecommunication, etc.) sectors, and information control systems business.
*3 Businesses of Hitachi Solutions, Hitachi Systems, and Hitachi Consulting.
*4 Businesses of digital solutions (artificial Intelligence, IoT platform, software, cloud service, etc.), sales of IT products (storage and server), maintenance, etc.
*5 From FY2022, the calculation of "Adjusted EBITA" is changed (see *2 on P2 sheet). "Revised" is presented as figures reflecting the change.
*6 From FY2022, the calculation of "ROIC" by segment is changed to the following. "Revised" is presented as figures reflecting the change.
ROIC(Return on Invested Capital) = (NOPAT + Share of profits(losses) of investments accounted for using the equity method) / "Invested Capital" x 100
NOPAT(Net Operating Profit after Tax) = Adjusted Operating Income x (1 - Tax burden rate)
Invested Capital = Cash and equivalents + Working Capital + Fixed Assets (including goodwill and investments)
*7 Reflecting the change of disclosure unit, IT Services divide from Front Business.
*8 From FY2022, figures for information control systems business, which were included in Services & Platforms until FY2021, are included in Front Business.
"Revised" is presented as figures reflecting the change.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 5

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5.2. Green Energy & Mobility Segment*1,2　グリーンエナジー＆モビリティセグメント
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*3 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues (Total) 476.6 474.4 513.9 1,465.0 512.4 559.1 652.1 1,723.7 118% 2,051.0 2,440.0 119% 106%
Nuclear Energy BU 20.3 29.3 27.9 77.6 17.6 28.7 28.1 74.4 96% 150.7 160.4 106% 100%
Energy BU 38.1 45.0 43.8 127.0 36.4 39.3 40.2 116.0 91% 183.7 177.3 97% 100%
Power Grids BU 277.0 260.4 288.7 826.2 307.1 337.0 393.6 1,037.7 126% 1,112.6 1,418.1 127% 107%
Hitachi Energy (Standalone) 264.6 253.6 280.4 798.7 301.9 328.1 388.4 1,018.4 128% 1,075.8 1,396.1 130% 107%
Railway Systems BU 145.6 142.3 157.0 444.9 155.7 158.1 196.0 509.7 115% 628.3 726.9 116% 107%
Adjusted operating income (Total) (3.4) 6.4 10.3 13.3 3.6 11.1 34.1 48.9 +35.5 38.2 102.0 +63.7 ±0.0
Adjusted operating income ratio (0.7)% 1.4% 2.0% 0.9% 0.7% 2.0% 5.2% 2.8% +1.9 points 1.9% 4.2% +2.3 points (0.2) points
Sum of Nuclear Energy BU and Energy BU 3.6 3.6 4.5 11.7 (1.0) 0.5 5.1 4.6 (7.1) 27.6 30.9 +3.4 ±0.0
6.1% 4.6% 6.2% 5.6% (1.9)% 0.7% 7.5% 2.4% (3.2) points 8.2% 9.6% +1.4 points ±0.0 points
Power Grids BU (6.1) (1.9) 3.3 (4.7) 0.2 3.3 16.2 19.8 +24.5 (9.5) 32.9 +42.3 +7.7
(2.2)% (0.7)% 1.1% (0.6)% 0.1% 1.0% 4.1% 1.9% +2.5 points (0.9)% 2.3% +3.2 points +0.4 points
Hitachi Energy (Standalone) 16.5 10.7 20.4 47.6 16.0 18.6 32.8 67.4 +19.7 62.4 102.3 +39.9 +1.7
6.2% 4.2% 7.3% 6.0% 5.3% 5.7% 8.4% 6.6% +0.6 points 5.8% 7.3% +1.5 points (0.4) points
Railway Systems BU 0.4 6.4 3.4 10.1 5.1 6.9 13.1 25.2 +15.1 25.6 40.5 +14.9 +2.6
0.2% 4.5% 2.1% 2.3% 3.3% 4.4% 6.7% 4.9% +2.6 points 4.1% 5.6% +1.5 points ±0.0 points
EBIT (Total) 18.6 21.3 11.9 52.0 (15.1) (22.7) 45.4 7.5 (44.5) 71.9 49.0 (22.9) +22.0
EBIT ratio 3.9% 4.5% 2.3% 3.6% (3.0)% (4.1)% 7.0% 0.4% (3.2) points 3.5% 2.0% (1.5) points +0.8 points
Sum of Nuclear Energy BU and Energy BU 4.7 5.5 4.6 14.9 (0.5) 0.7 1.1 1.3 (13.5) 30.8 29.8 (1.0) ±0.0
8.0% 7.1% 6.4% 7.1% (0.9)% 1.0% 1.7% 0.7% (6.4) points 9.2% 9.3% +0.1 points ±0.0 points
Power Grids BU (6.2) 9.8 1.9 5.5 (21.5) (32.6) 34.9 (19.3) (24.8) (4.2) (13.5) (9.3) +28.1
(2.3)% 3.8% 0.7% 0.7% (7.0)% (9.7)% 8.9% (1.9)% (2.6) points (0.4)% (1.0)% (0.6) points +2.1 points
Hitachi Energy (Standalone) 17.0 13.0 19.9 49.9 (5.1) 6.2 50.7 51.8 +1.9 64.6 87.1 +22.5 +22.1
6.4% 5.1% 7.1% 6.2% (1.7)% 1.9% 13.1% 5.1% (1.1) points 6.0% 6.2% +0.2 points +1.2 points
Railway Systems BU 21.6 7.6 6.1 35.3 7.5 8.8 9.8 26.1 (9.2) 50.8 33.6 (17.3) +3.0
14.8% 5.3% 3.9% 7.9% 4.8% 5.6% 5.0% 5.1% (2.8) points 8.1% 4.6% (3.5) points +0.1 points
Adjusted EBITA (Total) 11.8 20.0 23.1 55.0 18.5 27.3 46.1 91.9 +36.9 92.3 159.0 +66.6 ±0.0
Adjusted EBITA ratio 2.5% 4.2% 4.5% 3.8% 3.6% 4.9% 7.1% 5.3% +1.5 points 4.5% 6.5% +2.0 points (0.4) points
Sum of Nuclear Energy BU and Energy BU 5.0 3.4 4.8 13.2 0.1 1.1 4.5 5.8 (7.5) 29.5 33.3 +3.8 ±0.0
8.5% 4.3% 6.6% 6.3% 0.3% 1.7% 6.6% 3.0% (3.3) points 8.8% 10.3% +1.5 points ±0.0 points
Power Grids BU 8.5 10.9 14.4 33.8 13.1 16.6 28.8 58.4 +24.6 39.4 83.0 +43.6 +6.7
3.1% 4.2% 5.0% 4.1% 4.3% 4.9% 7.3% 5.6% +1.5 points 3.5% 5.9% +2.4 points +0.2 points
Hitachi Energy (Standalone) 17.3 11.5 21.5 50.3 17.4 19.6 32.8 69.7 +19.4 65.2 105.2 +39.9 +0.3
6.6% 4.5% 7.7% 6.3% 5.8% 6.0% 8.4% 6.8% +0.5 points 6.1% 7.5% +1.4 points (0.5) points
Railway Systems BU (0.3) 7.3 4.7 11.7 6.0 9.2 13.2 28.4 +16.8 28.9 45.8 +16.9 +3.1
(0.2)% 5.2% 3.0% 2.6% 3.8% 5.8% 6.8% 5.6% +3.0 points 4.6% 6.3% +1.7 points ±0.0 points
EBITDA (Total) 47.6 48.8 37.6 134.0 12.6 7.3 76.0 96.0 (38.0) 183.2 170.5 (12.7) +20.0
Sum of Nuclear Energy BU and Energy BU 6.0 6.8 5.9 18.7 0.8 2.0 2.4 5.2 (13.5) 36.0 35.2 (0.8) ±0.0
Power Grids BU 17.1 31.5 22.3 70.8 0.8 (8.1) 59.6 52.2 (18.6) 81.6 83.5 +1.9 +27.8
Hitachi Energy (Standalone) 26.7 22.6 30.0 79.3 5.7 17.8 62.4 85.9 +6.6 104.4 134.2 +29.8 +20.9
Railway Systems BU 25.8 12.1 10.2 48.2 11.7 13.2 14.4 39.2 (9.0) 71.1 54.1 (17.1) +1.6
ROIC 2.0% 4.2% +2.2 points (0.1) points
*1 Figures for each subsegment include intersegment transactions.
*2 Figures for each BU include information control systems business, which is posted in Digital Systems & Services segment.
*3 From FY2022, the calculation of "Adjusted EBITA" and "ROIC" are changed (see *2 on P2 and *6 on P5 sheets). "Revised" is presented as figures reflecting the change.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 6

P7
5.3. Connective Industries Segment*1,2　コネクティブインダストリーズセグメント
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*3 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues (Total) 667.8 669.7 661.0 1,998.5 670.8 756.9 742.5 2,170.3 109% 2,752.8 2,840.0 103% 100%
Building Systems BU 214.3 219.2 215.6 649.0 234.0 229.9 242.4 706.3 109% 822.7 880.0 107% 102%
Smart Life & Ecofriendly Systems (Hitachi GLS) 110.1 94.3 94.7 299.2 81.9 106.1 96.0 284.1 95% 396.6 400.0 101% 108%
Measurement & Analysis Systems (Hitachi High-Tech) 144.3 139.1 126.6 410.0 156.4 179.5 165.7 501.6 122% 576.8 680.0 118% 100%
Industrial Digital BU*4 69.7 83.6 85.0 238.2 75.2 91.0 85.1 251.3 105% 343.1 350.0 102% 100%
Water & Environment BU 33.3 37.2 34.3 104.9 29.9 37.2 37.9 105.0 100% 182.3 188.0 103% 100%
Industrial Products Business 88.7 92.3 97.4 278.3 87.5 110.2 109.5 307.2 110% 409.4 436.0 106% 100%
Adjusted operating income (Total) 52.8 50.1 60.9 163.9 52.5 81.1 72.7 206.4 +42.5 228.8 275.0 +46.1 ±0.0
Adjusted operating income ratio 7.9% 7.5% 9.2% 8.2% 7.8% 10.7% 9.8% 9.5% +1.3 points 8.3% 9.7% +1.4 points ±0.0 points
Building Systems BU 23.0 18.2 17.2 58.4 21.9 23.1 24.7 69.7 +11.3 67.4 75.0 +7.6 +1.0
10.7% 8.3% 8.0% 9.0% 9.3% 10.0% 10.2% 9.9% +0.9 points 8.2% 8.5% +0.3 points (0.1) points
Smart Life & Ecofriendly Systems (Hitachi GLS) 7.1 5.7 7.0 19.8 (1.2) 9.0 5.6 13.4 (6.4) 25.0 22.0 (3.0) ±0.0
6.4% 6.0% 7.4% 6.6% (1.5)% 8.5% 5.8% 4.7% (1.9) points 6.3% 5.5% (0.8) points (0.4) points
Measurement & Analysis Systems (Hitachi High-Tech) 14.2 12.5 10.0 36.6 23.4 30.2 24.5 78.1 +41.5 58.7 90.0 +31.3 ±0.0
9.8% 9.0% 7.9% 8.9% 15.0% 16.8% 14.8% 15.6% +6.7 points 10.2% 13.2% +3.0 points ±0.0 points
Industrial Digital BU 3.0 8.2 18.8 29.9 4.4 7.3 7.2 18.9 (11.0) 38.5 35.0 (3.5) ±0.0
4.3% 9.8% 22.1% 12.6% 5.8% 8.0% 8.5% 7.5% (5.1) points 11.2% 10.0% (1.2) points ±0.0 points
Water & Environment BU 0.8 2.9 1.6 5.2 0.1 3.7 1.5 5.3 +0.1 16.4 18.8 +2.4 ±0.0
2.3% 7.7% 4.6% 5.0% 0.4% 10.0% 3.9% 5.1% +0.1 points 9.0% 10.0% +1.0 points ±0.0 points
Industrial Products Business 6.0 5.1 7.7 18.8 3.6 10.0 8.8 22.4 +3.6 33.5 40.3 +6.8 ±0.0
6.8% 5.5% 7.9% 6.7% 4.1% 9.1% 8.0% 7.3% +0.6 points 8.2% 9.2% +1.0 points ±0.0 points
EBIT (Total) 59.9 98.8 64.2 223.1 49.3 91.8 65.5 206.6 (16.4) 285.5 269.0 (16.5) (8.0)
EBIT ratio 9.0% 14.8% 9.7% 11.2% 7.4% 12.1% 8.8% 9.5% (1.7) points 10.4% 9.5% (0.9) points (0.3) points
Building Systems BU 23.3 18.2 17.1 58.5 17.9 23.6 24.4 65.9 +7.4 68.3 71.0 +2.7 +1.0
10.9% 8.3% 7.9% 9.0% 7.6% 10.3% 10.1% 9.3% +0.3 points 8.3% 8.1% (0.2) points ±0.0 points
Smart Life & Ecofriendly Systems (Hitachi GLS) 13.3 55.0 10.0 78.3 1.1 19.2 5.9 26.3 (52.1) 85.3 37.6 (47.7) ±0.0
12.0% 58.3% 10.6% 26.2% 1.3% 18.1% 6.2% 9.2% (17.0) points 21.5% 9.4% (12.1) points (0.7) points
Measurement & Analysis Systems (Hitachi High-Tech) 14.4 12.7 9.3 36.4 22.4 28.6 19.8 70.7 +34.3 57.8 80.0 +22.2 (4.0)
10.0% 9.1% 7.4% 8.9% 14.3% 15.9% 11.9% 14.1% +5.2 points 10.0% 11.8% +1.8 points (0.6) points
Industrial Digital BU 3.1 7.0 18.6 28.6 3.3 7.3 7.1 17.7 (10.9) 34.5 31.0 (3.5) ±0.0
4.4% 8.3% 21.9% 12.0% 4.3% 8.1% 8.3% 7.0% (5.0) points 10.1% 8.9% (1.2) points ±0.0 points
Water & Environment BU 1.0 3.1 2.1 6.3 0.2 4.0 1.0 5.1 (1.1) 17.6 17.8 +0.2 ±0.0
3.1% 8.3% 6.2% 6.0% 0.5% 10.8% 2.5% 4.9% (1.1) points 9.6% 9.5% (0.1) points ±0.0 points
Industrial Products Business 6.3 5.6 8.1 20.0 3.0 10.7 7.5 21.2 +1.2 33.4 39.3 +5.9 ±0.0
7.1% 6.0% 8.3% 7.2% 3.4% 9.7% 6.9% 6.9% (0.3) points 8.2% 9.0% +0.8 points ±0.0 points
Adjusted EBITA (Total) 62.2 56.8 66.8 185.9 61.0 88.1 78.2 227.4 +41.4 257.8 303.0 +45.1 ±0.0
Adjusted EBITA ratio 9.3% 8.5% 10.1% 9.3% 9.1% 11.6% 10.5% 10.5% +1.2 points 9.4% 10.7% +1.3 points ±0.0 points
Building Systems BU 23.5 18.9 17.8 60.2 22.5 23.8 25.4 71.7 +11.5 69.8 77.6 +7.8 +1.0
11.0% 8.6% 8.3% 9.3% 9.6% 10.3% 10.5% 10.1% +0.8 points 8.5% 8.8% +0.3 points (0.1) points
Smart Life & Ecofriendly Systems (Hitachi GLS) 13.3 9.7 9.8 32.8 4.3 12.4 7.7 24.4 (8.5) 40.0 36.0 (4.0) (2.0)
12.0% 10.3% 10.4% 11.0% 5.2% 11.6% 8.0% 8.6% (2.4) points 10.1% 9.0% (1.1) points (1.2) points
Measurement & Analysis Systems (Hitachi High-Tech) 14.4 12.8 10.2 37.4 23.5 30.3 24.5 78.3 +40.9 59.8 90.7 +30.9 ±0.0
10.0% 9.2% 8.1% 9.1% 15.0% 16.9% 14.8% 15.6% +6.5 points 10.4% 13.3% +2.9 points ±0.0 points
Industrial Digital BU 3.9 8.9 19.5 32.3 5.1 8.4 8.3 21.8 (10.5) 42.7 39.2 (3.6) ±0.0
5.6% 10.6% 22.9% 13.5% 6.8% 9.2% 9.8% 8.7% (4.8) points 12.4% 11.2% (1.2) points ±0.0 points
Water & Environment BU 1.2 2.9 1.8 5.9 0.4 3.9 1.9 6.2 +0.2 17.5 19.5 +2.0 ±0.0
3.6% 7.9% 5.3% 5.7% 1.5% 10.4% 4.9% 5.9% +0.2 points 9.6% 10.4% +0.8 points ±0.0 points
Industrial Products Business 7.1 6.1 8.8 22.0 4.9 11.6 10.0 26.4 +4.5 37.8 44.6 +6.8 ±0.0
8.0% 6.6% 9.1% 7.9% 5.5% 10.5% 9.1% 8.6% +0.7 points 9.2% 10.2% +1.0 points ±0.0 points
EBITDA (Total) 77.9 116.3 82.7 277.0 68.2 110.0 86.1 264.3 (12.6) 358.9 346.0 (12.9) (11.0)
Building Systems BU 27.5 22.4 22.0 72.0 22.7 28.3 29.0 80.0 +8.0 86.3 89.6 +3.4 +0.8
Smart Life & Ecofriendly Systems (Hitachi GLS) 16.0 57.0 12.1 85.1 3.2 21.3 8.1 32.6 (52.5) 94.1 46.5 (47.6) ±0.0
Measurement & Analysis Systems (Hitachi High-Tech) 19.6 18.0 14.8 52.5 28.1 34.6 26.3 89.0 +36.5 79.7 105.8 +26.1 (4.0)
Industrial Digital BU 5.1 9.1 20.8 35.1 5.9 9.6 10.4 25.9 (9.2) 43.5 38.4 (5.2) (0.4)
Water & Environment BU 1.3 3.4 2.4 7.1 0.4 3.9 1.6 5.9 (1.2) 18.7 19.0 +0.3 ±0.0
Industrial Products Business 9.3 8.5 11.1 28.9 6.1 13.9 10.7 30.7 +1.8 45.3 51.8 +6.5 ±0.0
ROIC 9.4% 10.5% +1.1 points (0.1) points
*1 Figures for each subsegment include intersegment transactions.
*2 Figures for Industrial Digital BU and Water & Environment BU include information control systems business, which is posted in Digital Systems & Services segment.
*3 From FY2022, the calculation of "Adjusted EBITA" and "ROIC" are changed (see *2 on P2 and *6 on P5 sheets). "Revised" is presented as figures reflecting the change.
*4 From FY2022, Industrial & Distribution Business Unit renamed Industrial Digital Business Unit.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 7

P8
5.4. Automotive Systems Segment　オートモティブシステムセグメント
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*1 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues 382.5 373.3 395.3 1,151.3 388.2 495.8 493.1 1,377.2 120% 1,597.7 1,870.0 117% 101%
Adjusted operating income 12.1 10.2 12.2 34.5 (5.4) 15.4 26.8 36.8 +2.3 58.7 88.0 +29.2 ±0.0
Adjusted operating income ratio 3.2% 2.7% 3.1% 3.0% (1.4)% 3.1% 5.4% 2.7% (0.3) points 3.7% 4.7% +1.0 points (0.1) points
EBIT 12.8 8.3 10.7 31.9 (23.4) 0.1 15.3 (7.8) (39.8) 60.8 31.0 (29.8) (14.0)
EBIT ratio 3.3% 2.2% 2.7% 2.8% (6.0)% 0.0% 3.1% (0.6)% (3.4) points 3.8% 1.7% (2.1) points (0.7) points
Adjusted EBITA 13.1 11.0 13.1 37.3 (4.6) 16.5 28.0 39.8 +2.5 62.3 92.0 +29.6 ±0.0
Adjusted EBITA ratio 3.4% 3.0% 3.3% 3.2% (1.2)% 3.3% 5.7% 2.9% (0.3) points 3.9% 4.9% +1.0 points (0.1) points
EBITDA 36.0 31.0 34.7 101.8 2.2 26.7 42.0 71.1 (30.7) 154.8 137.0 (17.8) (15.0)
ROIC 3.5% 5.2% +1.7 points ±0.0 points
5.5. Hitachi Construction Machinery　日立建機
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*1 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022*2 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues 228.1 245.5 246.6 720.3 267.5 207.5 - 475.1 66% 1,024.9 475.1 46% 100%
Adjusted operating income 11.5 25.9 22.9 60.4 20.3 20.9 - 41.3 (19.1) 91.7 41.3 (50.4) ±0.0
Adjusted operating income ratio 5.1% 10.6% 9.3% 8.4% 7.6% 10.1% - 8.7% +0.3 points 9.0% 8.7% (0.3) points ±0.0 points
EBIT 12.3 31.0 24.2 67.6 27.7 19.5 - 47.3 (20.3) 112.2 47.3 (64.8) ±0.0
EBIT ratio 5.4% 12.6% 9.8% 9.4% 10.4% 9.4% - 10.0% +0.6 points 10.9% 10.0% (0.9) points ±0.0 points
Adjusted EBITA 13.2 30.0 24.8 68.1 21.4 21.7 - 43.2 (24.9) 100.1 43.2 (56.9) ±0.0
Adjusted EBITA ratio 5.8% 12.2% 10.1% 9.5% 8.0% 10.5% - 9.1% (0.4) points 9.8% 9.1% (0.7) points ±0.0 points
EBITDA 25.9 45.1 38.6 109.8 42.9 30.0 - 73.0 (36.7) 168.7 73.0 (95.7) ±0.0
5.6. Hitachi Metals　日立金属
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*1 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022*3 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues 226.8 229.5 234.4 690.8 276.8 291.8 279.0 847.7 123% 942.7 847.7 90% 100%
Adjusted operating income 8.5 6.7 5.3 20.6 11.8 13.3 14.7 39.9 +19.2 26.8 39.9 +13.1 (1.0)
Adjusted operating income ratio 3.8% 2.9% 2.3% 3.0% 4.3% 4.6% 5.3% 4.7% +1.7 points 2.8% 4.7% +1.9 points (0.1) points
EBIT 4.6 11.3 5.5 21.5 20.3 19.4 1.4 41.2 +19.6 34.1 41.2 +7.0 (4.7)
EBIT ratio 2.0% 4.9% 2.4% 3.1% 7.4% 6.6% 0.5% 4.9% +1.8 points 3.6% 4.9% +1.3 points (0.5) points
Adjusted EBITA 9.2 7.7 6.4 23.4 13.1 14.4 15.4 43.0 +19.5 30.7 43.0 +12.3 (0.9)
Adjusted EBITA ratio 4.1% 3.4% 2.7% 3.4% 4.8% 5.0% 5.5% 5.1% +1.7 points 3.3% 5.1% +1.8 points (0.1) points
EBITDA 16.2 22.8 17.2 56.4 32.4 31.5 5.1 69.1 +12.7 80.7 69.1 (11.5) (12.8)
*1 From FY2022, the calculation of "Adjusted EBITA" and "ROIC" are changed (see *2 on P2 and *6 on P5 sheet). "Revised" is presented as figures reflecting the change.
*2 In FY2022, Hitachi Construction Machinery is included in consolidated total until Aug. 2022 when selling a part of HCM shares was completed.
*3 In FY2022, Hitachi Metals is included for the consolidating period by Q3 due to the selling of Hitachi Metals shares.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 8

P9
5.7. Others　その他
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*1 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues 106.4 111.0 105.8 323.3 107.3 117.2 108.3 332.9 103% 456.3 460.0 101% 100%
Adjusted operating income 5.1 6.7 3.4 15.3 1.6 5.1 2.6 9.4 (5.8) 23.4 17.0 (6.4) ±0.0
Adjusted operating income ratio 4.8% 6.1% 3.2% 4.7% 1.5% 4.4% 2.4% 2.8% (1.9) points 5.1% 3.7% (1.4) points ±0.0 points
EBIT 5.4 14.3 3.7 23.5 2.1 13.4 3.0 18.6 (4.8) 32.5 24.0 (8.5) ±0.0
EBIT ratio 5.1% 12.9% 3.6% 7.3% 2.0% 11.5% 2.8% 5.6% (1.7) points 7.1% 5.2% (1.9) points ±0.0 points
Adjusted EBITA 5.1 6.8 3.4 15.4 1.6 5.2 2.6 9.4 (5.9) 23.6 17.0 (6.6) ±0.0
Adjusted EBITA ratio 4.8% 6.2% 3.3% 4.8% 1.5% 4.5% 2.4% 2.8% (2.0) points 5.2% 3.7% (1.5) points ±0.0 points
5.8. Corporate items & Eliminations　全社及び消去
(Billions of yen) Q3 (Apr. - Dec.) FY2021 (Revised)*1 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 (Revised) FY2022 Year over year Previous forecast comparison
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Revenues (163.8) (172.1) (162.1) (498.2) (158.6) (176.2) (161.4) (496.3) (714.6) (672.8)
Adjusted operating income 0.1 4.4 0.9 5.4 (8.1) (7.4) (13.7) (29.4) (34.8) 2.2 (92.2) (94.4) +1.0
EBIT 10.6 8.7 (0.4) 18.8 (4.9) 37.3 (11.8) 20.5 +1.6 12.9 169.4 +156.4 +27.7
Adjusted EBITA 1.9 5.8 2.1 10.0 (5.6) (3.3) (10.0) (19.1) (29.1) 7.0 (80.2) (87.3) +0.9
*1 From FY2022, the calculation of "Adjusted EBITA" is changed (see *2 on P2 sheet). "Revised" is presented as figures reflecting the change.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 9

P10
6. Revenues by Market　地域別売上収益
(Billions of yen) Q3 (Apr. - Dec.) FY2021
Q3 FY2021
Japan Outside Japan Japan Outside Japan
China ASEAN, India, other Asian areas North America Europe Other Areas Total China ASEAN, India, other Asian areas North America Europe Other Areas Total
Digital Systems & Services 346.6 11.3 37.6 63.2 49.0 10.7 172.1 1,046.5 33.2 99.0 159.8 124.9 31.8 448.8
Green Energy & Mobility 93.3 43.3 58.3 81.8 174.0 62.9 420.6 266.2 137.5 165.6 239.6 481.3 174.5 1,198.7
Connective Industries 327.0 180.6 52.5 49.3 21.5 29.8 333.9 985.8 544.8 173.1 148.6 96.8 49.2 1,012.7
Automotive Systems 107.3 79.9 78.5 79.0 30.9 19.4 288.0 325.6 219.8 219.7 226.3 94.0 65.7 825.6
Hitachi Construction Machinery 57.8 9.8 37.5 42.9 37.7 60.6 188.8 154.7 38.9 96.6 136.2 112.6 181.1 565.6
Hitachi Metals 102.3 22.8 29.8 65.6 9.5 4.3 132.1 298.8 64.0 86.6 197.3 30.6 13.4 392.0
Consolidated Revenues 971.3 351.3 296.3 382.7 323.6 188.5 1,542.6 2,883.8 1,049.4 846.4 1,108.8 941.3 516.6 4,462.8
Ratio 39% 14% 12% 15% 13% 7% 61% 39% 14% 12% 15% 13% 7% 61%
(Billions of yen) Q3 (Apr. - Dec.) FY2022 FY2022
Q3 FY2022
Japan Outside Japan Japan Outside Japan Japan Outside Japan
China ASEAN, India, other Asian areas North America Europe Other Areas Total China ASEAN, India, other Asian areas North America Europe Other Areas Total
Digital Systems & Services 356.2 11.8 48.6 87.6 60.2 13.5 221.9 1,055.2 35.3 145.1 241.0 162.6 38.6 622.7
Year over year 103% 104% 129% 138% 123% 126% 129% 101% 106% 147% 151% 130% 121% 139%
Green Energy & Mobility 93.1 47.0 65.3 121.4 229.1 95.9 559.0 259.8 138.4 169.7 324.1 590.4 241.0 1,463.8
Year over year 100% 108% 112% 148% 132% 152% 133% 98% 101% 102% 135% 123% 138% 122%
Connective Industries 344.1 203.5 69.3 67.0 49.6 8.8 398.4 996.7 597.9 201.2 196.4 150.3 27.6 1,173.6
Year over year 105% 113% 132% 136% 230% 30% 119% 101% 110% 116% 132% 155% 56% 116%
Automotive Systems 125.1 76.3 108.5 115.3 39.3 28.4 367.9 340.8 233.3 292.9 315.4 110.5 83.9 1,036.3
Year over year 117% 95% 138% 146% 127% 147% 128% 105% 106% 133% 139% 118% 128% 126%
Hitachi Construction Machinery - - - - - - - 80.6 15.7 67.2 94.6 80.4 136.3 394.4
Year over year - - - - - - - 52% 40% 70% 70% 71% 75% 70%
Hitachi Metals 111.7 24.8 34.0 88.9 14.2 5.3 167.2 323.1 73.0 108.2 283.6 41.5 18.1 524.5
Year over year 109% 109% 114% 135% 149% 122% 127% 108% 114% 125% 144% 136% 135% 134%
Consolidated Revenues 970.2 364.5 330.7 481.1 392.6 152.7 1,721.7 2,873.1 1,098.3 994.6 1,458.3 1,136.3 548.0 5,235.6 3,950.0 6,600.0
Year over year 100% 104% 112% 126% 121% 81% 112% 100% 105% 118% 132% 121% 106% 117% 94% 109%
Ratio 36% 14% 12% 18% 14% 6% 64% 35% 14% 12% 18% 14% 7% 65% 37% 63%

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 10

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7. Capital Expenditure (Completion Basis)　設備投資額(完成ベース)
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Digital Systems & Services 12.1 12.6 15.0 39.8 14.0 13.7 16.7 44.5 112% 64.4 62.0 96%
Green Energy & Mobility 12.5 13.1 15.4 41.1 22.3 15.6 16.9 55.0 134% 66.2 78.0 118%
Connective Industries 13.0 11.8 19.9 44.7 14.8 13.5 15.2 43.6 97% 62.7 70.0 112%
Automotive Systems 20.1 27.0 18.2 65.4 11.0 19.5 17.6 48.2 74% 86.2 73.0 85%
Hitachi Construction Machinery 10.2 11.4 7.8 29.5 19.6 10.2 -0 29.8 101% 43.3 29.8 69%
Hitachi Metals 4.9 6.2 8.1 19.3 5.2 6.8 8.1 20.1 104% 33.4 20.1 60%
Others 4.6 2.5 4.1 11.3 9.5 4.8 2.4 16.7 149% 17.2 21.0 122%
Corporate items & Eliminations 2.7 0.6 8.7 12.1 10.9 0.6 0.4 12.0 99% 15.1 15.9 105%
Total 80.4 85.5 97.4 263.4 107.6 84.9 77.7 270.4 103% 388.7 370.0 95%
8. Depreciation and Amortization　減価償却費及び無形資産償却費
8.1. Depreciation　減価償却費
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Digital Systems & Services 15.8 16.3 17.1 49.3 18.0 17.6 17.8 53.6 109% 68.6 70.0 102%
Green Energy & Mobility 13.1 13.1 13.4 39.7 13.9 14.9 15.0 43.9 111% 53.3 61.0 114%
Connective Industries 13.0 12.4 13.1 38.6 13.3 13.3 13.9 40.7 105% 52.1 56.0 107%
Automotive Systems 20.4 19.7 20.9 61.1 22.1 22.8 22.9 67.9 111% 81.9 92.0 112%
Hitachi Construction Machinery 11.4 12.0 12.3 35.8 13.0 9.1 -0 22.1 62% 48.1 22.1 46%
Hitachi Metals 10.6 10.5 10.6 31.9 11.0 11.0 3.3 25.3 79% 42.6 25.3 60%
Others 6.9 6.8 6.8 20.6 6.8 6.6 6.5 20.1 97% 27.3 26.0 95%
Corporate items & Eliminations 2.0 2.2 2.4 6.6 2.4 2.2 2.3 7.0 105% 8.8 10.4 119%
Total 93.7 93.3 96.9 284.0 100.8 98.0 82.0 280.9 99% 382.9 363.0 95%

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 11

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8.2. Amortization　無形資産償却費
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Digital Systems & Services 9.5 12.3 13.1 35.0 13.6 14.5 14.7 42.9 123% 49.4 57.0 115%
Green Energy & Mobility 15.3 13.9 11.8 41.0 13.4 14.7 15.2 43.4 106% 56.3 59.0 105%
Connective Industries 4.8 5.0 5.3 15.2 5.4 5.5 5.9 16.9 112% 21.3 21.0 98%
Automotive Systems 2.8 2.8 3.0 8.8 3.5 3.7 3.7 11.0 126% 11.9 14.0 117%
Hitachi Construction Machinery 2.0 2.0 2.1 6.2 2.1 1.3 -0 3.4 55% 8.3 3.4 41%
Hitachi Metals 0.9 0.9 0.9 2.9 1.0 1.1 0.3 2.5 87% 3.9 2.5 65%
Others 1.4 1.4 1.3 4.1 1.3 1.4 1.4 4.2 102% 5.5 6.0 109%
Corporate items & Eliminations 0.1 0.0 0.0 0.2 0.0 0.0 0.0 0.2 88% 0.3 0.9 255%
Total 37.2 38.7 37.8 113.7 40.9 42.6 41.5 125.0 110% 157.3 164.0 104%
8.3. Amortization of Intangible Assets and Other Assets from Purchase Price Allocation　買収に伴う無形資産等の償却費
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Digital Systems & Services 0.4 3.4 3.5 7.4 3.9 4.1 4.2 12.4 168% 10.9 17.0 155%
Green Energy & Mobility 14.1 12.4 10.5 37.1 11.8 12.6 12.9 37.4 101% 47.6 49.0 103%
Connective Industries 2.2 2.3 2.3 6.9 2.5 2.6 2.7 7.9 115% 9.9 11.0 110%
Automotive Systems 0.7 0.7 0.7 2.3 0.7 0.7 0.7 2.2 99% 3.0 3.0 98%
Hitachi Construction Machinery 0.5 0.5 0.5 1.6 0.5 0.1 -0 0.7 46% 2.1 0.7 34%
Hitachi Metals 0.6 0.6 0.6 2.0 0.7 0.8 0.2 1.8 92% 2.7 1.8 68%
Others - -0 -0 -0 - -0 -0 -0 - -0 -0 -
Corporate items - -0 -0 -0 - -0 -0 -0 - -0 0.3 -
Total 18.8 20.1 18.4 57.4 20.4 21.3 20.9 62.7 109% 76.6 83.0 108%

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 12

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9. Share of Profits (Losses) of Investments Accounted for Using the Equity Method 　持分法による投資損益 モチブンホウ トウシ ソンエキ
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Digital Systems & Services 0.3 0.4 0.9 1.7 0.2 0.6 1.0 1.9 110% 2.2 1.0 44%
Green Energy & Mobility 1.1 1.1 2.2 4.5 2.9 3.5 (0.8) 5.6 124% 6.4 8.0 125%
Connective Industries 7.1 4.4 3.5 15.0 6.0 4.2 2.7 12.9 86% 18.9 17.0 90%
Automotive Systems 0.2 0.0 0.1 0.4 0.0 0.2 0.3 0.6 148% 0.5 1.0 190%
Hitachi Construction Machinery 1.1 3.4 1.4 6.0 0.5 0.6 -0 1.1 19% 6.2 1.1 19%
Hitachi Metals 0.0 0.3 0.3 0.8 0.5 0.3 0.3 1.2 155% 1.1 1.2 110%
Others 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 43% 0.1 0.0 0%
Corporate items 1.8 1.4 1.2 4.5 2.5 4.0 3.6 10.3 228% 4.8 11.5 240%
Total 11.8 11.5 9.9 33.3 12.9 13.7 7.3 34.0 102% 40.4 41.0 101%
10. R&D Expenditure　研究開発費
(Billions of yen) Q3 (Apr. - Dec.) FY2021 Q3 (Apr. - Dec.) FY2022 Year over year FY2021 FY2022 Year over year
Q1 FY2021 Q2 FY2021 Q3 FY2021 Q1 FY2022 Q2 FY2022 Q3 FY2022
Digital Systems & Services 12.1 13.4 12.0 37.7 11.9 13.2 13.3 38.5 102% 51.5 59.0 114%
Green Energy & Mobility 11.2 11.0 12.6 34.9 12.4 10.3 14.2 37.1 106% 48.6 56.0 115%
Connective Industries 18.1 21.2 19.1 58.5 18.9 21.9 20.5 61.4 105% 81.4 90.0 110%
Automotive Systems 20.2 17.8 17.0 55.1 17.7 20.0 18.6 56.3 102% 75.8 79.0 104%
Hitachi Construction Machinery 6.0 6.5 5.9 18.5 5.3 4.1 -0 9.5 52% 25.4 9.5 38%
Hitachi Metals 3.0 3.2 3.0 9.3 2.9 3.0 3.1 9.1 98% 12.4 9.1 74%
Others 0.4 0.4 0.4 1.3 0.5 0.4 0.4 1.4 109% 1.8 1.0 53%
Corporate items 4.0 4.2 4.9 13.2 6.3 6.1 6.3 18.8 142% 20.0 27.2 136%
Total 75.4 78.1 75.3 228.8 76.3 79.3 76.8 232.4 102% 317.3 331.0 104%
Percentage of revenues (%) 3.2% 3.2% 3.0% 3.1% 3.0% 2.8% 2.9% 2.9% 3.1% 3.1%

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 13

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11. Foreign Exchange Rate　為替レート
11.1. Average / Assumed Foreign Exchange Rate*1　期中平均／前提為替レート
(Yen) FY2021 FY2022
Q3 (Oct. - Dec.) Q3 (Apr. - Dec.) Q4 (Jan. - Mar.) Total Q3 (Oct. - Dec.) Q3 (Apr. - Dec.) Q4 (Forecast) Total (Forecast)
U.S. dollar 114 111 116 112 142 137 130 135
Euro 130 131 130 131 144 141 140 140
11.2. Foreign Exchange Sensitivity　為替感応度
FY2022 impact of exchange rate fluctuation by one-yen depreciation from FY2022 forecasted rate
(Billions of yen) Revenues Adjusted EBITA
U.S. dollar 4.0 0.2
Euro 2.0 0.1
12. Number of Employees and Consolidated Subsidiaries　従業員数・連結子会社数
12.1. Number of Employees　従業員数
(Employees) As of Mar. 31, 2022 As of Dec. 31, 2022
Japan 156,768 146,925
Outside Japan 211,479 201,715
Total 368,247 348,640
12.2. Number of Consolidated Subsidiaries　連結子会社数
(Companies) As of Mar. 31, 2022 As of Dec. 31, 2022
Japan 157 143
Outside Japan 696 617
Total 853 760
*1 Exchange rate applied for calculating profits and losses of overseas companies.

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 14

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13. Cautionary Statement　将来予想に関する記述
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 performance and include any statement that does not directly relate to any historical or current fact. Words such as "anticipate," "believe," "expect," "estimate," "forecast," "intend," "plan," "project" and similar expressions which indicate future events and trends may identify "forward-looking statements." Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or implied in the "forward-looking statements" and from historical trends. Certain "forward-looking statements" are based upon current assumptions of future events which may not prove to be accurate. Undue reliance should not be placed on "forward-looking statements," as such statements speak only as of the date of this document.
Factors that could cause actual results to differ materially from those projected or implied in any "forward-looking statement" and from historical trends include, but are not limited to:
• economic conditions, including consumer spending and plant and equipment investment in Hitachi's major markets, as well as levels of demand in the major industrial sectors Hitachi serves;
• exchange rate fluctuations of the yen against other currencies in which Hitachi makes significant sales or in which Hitachi's assets and liabilities are denominated;
• uncertainty as to Hitachi's ability to access, or access on favorable terms, liquidity or long-term financing;
• uncertainty as to general market price levels for equity securities, declines in which may require Hitachi to write down equity securities that it holds;
• fluctuations in the price of raw materials including, without limitation, petroleum and other materials, such as copper, steel, aluminum, synthetic resins, rare metals and rare-earth minerals, or shortages of materials, parts and components;
• credit conditions of Hitachi's customers and suppliers;
• general socioeconomic and political conditions and the regulatory and trade environment of countries where Hitachi conducts business, particularly Japan, Asia, the United States and Europe, including, without limitation, direct or indirect restrictions by other nations on imports and differences in commercial and business customs including, without limitation, contract terms and conditions and labor relations;
• uncertainty as to Hitachi's ability to response to tightening of regulations to prevent climate change
• uncertainty as to Hitachi's ability to maintain the integrity of its information systems, as well as Hitachi's ability to protect its confidential information or that of its customers;
• uncertainty as to Hitachi's ability to attract and retain skilled personnel;
• uncertainty as to Hitachi's ability to continue to develop and market products that incorporate new technologies on a timely and cost-effective basis and to achieve market acceptance for such products;
• exacerbation of social and economic impacts of the spread of COVID-19;
• the possibility of disruption of Hitachi's operations by natural disasters such as earthquakes and tsunamis, the spread of infectious diseases, and geopolitical and social instability such as terrorism and conflict;
• estimates, fluctuations in cost and cancellation of long-term projects for which Hitachi uses the percentage-of-completion method to recognize revenue from sales;
• increased commoditization of and intensifying price competition for products;
• fluctuations in demand of products, etc. and industry capacity;
• uncertainty as to Hitachi's ability to implement measures to reduce the potential negative impact of fluctuations in demand of products, etc., exchange rates and/or price of raw materials or shortages of materials, parts and components;
• uncertainty as to the success of cost structure overhaul;
• uncertainty as to Hitachi's ability to achieve the anticipated benefits of its strategy to strengthen its Social Innovation Business;
• uncertainty as to the success of acquisitions of other companies, joint ventures and strategic alliances and the possibility of incurring related expenses;
• uncertainty as to the success of restructuring efforts to improve management efficiency by divesting or otherwise exiting underperforming businesses and to strengthen competitiveness;
• the potential for significant losses on Hitachi's investments in equity-method associates and joint ventures;
• uncertainty as to the outcome of litigation, regulatory investigations and other legal proceedings of which the Company, its subsidiaries or its equity-method associates and joint ventures have become or may become parties;
• the possibility of incurring expenses resulting from any defects in products or services of Hitachi;
• uncertainty as to Hitachi's access to, or ability to protect, certain intellectual property; and
• uncertainty as to the accuracy of key assumptions Hitachi uses to evaluate its employee benefit-related costs.
The factors listed above are not all-inclusive and are in addition to other factors contained in other materials published by Hitachi.
###

&"Yu Gothic UI,標準"&8Supplemental Information for Consolidated Financial Results for the Third Quarter of Fiscal 2022 15

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Hitachi Ltd. published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2023 08:37:03 UTC.