Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Hitachi, Ltd.
  6. News
  7. Summary
    6501   JP3788600009

HITACHI, LTD.

(6501)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 06/14
6032 JPY   +0.82%
06/10HITACHIá : Overview of Strategic Direction
PU
06/07HITACHIá : IT Sector (PDF format, 3,626kBytes)
PU
06/07HITACHIá : Industry Sector (PDF format, 6,317kBytes)
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Hitachi's 1st-half operating profit sags 39%, raises outlook on China

10/28/2020 | 04:38am EDT

Hitachi Ltd. said Wednesday its operating profit sagged 39.2 percent to 180.79 billion yen ($1.74 billion) in the April-September period from a year earlier, as the coronavirus pandemic dented demand for construction machinery and metals.

But the Japanese industrial conglomerate raised its operating profit outlook for the full business year, citing a pickup in demand for building infrastructure in China.

Sales sank 10.9 percent to 3.76 trillion yen in the fiscal first-half that ended Sept. 30, as demand for construction machinery remained bleak in most markets excluding China, while sales of auto-use metals faltered during the six-month period.

Net profit soared 32.5 percent to 250.76 billion yen due to a special profit of 278.8 billion yen from the sale of its chemical unit, formerly known as Hitachi Chemical Co., to Showa Denko K.K. in the April-June quarter.

For the year through March 2021, Hitachi revised upward its operating profit projection to 400 billion yen from an earlier forecast of 372 billion yen, as demand for elevators is recovering in China.

The net profit outlook was cut to 300 billion yen from 335 billion yen due to a heavier tax burden and sales are now seen at 7.94 trillion yen, up from the previous projection of 7.88 trillion yen.

With the pandemic adding pressure on the Hitachi group, the company is stepping up restructuring efforts through selling noncore businesses.

It is considering selling all or part of its Hitachi Construction Machinery Co. and Hitachi Metals Ltd. subsidiaries to focus more on its core operations such as infrastructure and information technology businesses, according to sources familiar with the matter.

"We are studying many options," Hitachi Chief Financial Officer Yoshihiko Kawamura said during an online press conference, without elaborating on the future plans for the two group firms.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HITACHI CONSTRUCTION MACHINERY CO., LTD. -0.58% 3455 End-of-day quote.17.92%
HITACHI METALS, LTD. -0.05% 2123 End-of-day quote.35.57%
HITACHI, LTD. 0.82% 6032 End-of-day quote.48.39%
All news about HITACHI, LTD.
06/10HITACHIá : Overview of Strategic Direction
PU
06/07HITACHIá : IT Sector (PDF format, 3,626kBytes)
PU
06/07HITACHIá : Industry Sector (PDF format, 6,317kBytes)
PU
06/07HITACHIá : Mobility Sector (PDF format, 2,505kBytes)
PU
06/07HITACHIá : Investor Day 2021
PU
06/07HITACHIá : Energy Sector (PDF format, 2,784kBytes)
PU
06/07HITACHIá : Smart Life Sector (PDF format, 4,536kBytes)
PU
06/07HITACHIá : Automotive Systems Business (PDF format, 947kBytes)
PU
06/07HITACHIá : Supplementary Information (PDF format, 104kBytes)
PU
06/07HITACHIá : Overview of Strategic Direction (PDF format, 2,282kBytes)
PU
More news
Financials
Sales 2022 9 530 B 86 568 M 86 568 M
Net income 2022 516 B 4 687 M 4 687 M
Net Debt 2022 1 678 B 15 246 M 15 246 M
P/E ratio 2022 11,2x
Yield 2022 1,95%
Capitalization 5 832 B 53 023 M 52 977 M
EV / Sales 2022 0,79x
EV / Sales 2023 0,72x
Nbr of Employees 350 864
Free-Float 95,7%
Chart HITACHI, LTD.
Duration : Period :
Hitachi, Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 6 713,93 JPY
Last Close Price 6 032,00 JPY
Spread / Highest target 33,0%
Spread / Average Target 11,3%
Spread / Lowest Target -41,6%
EPS Revisions
Managers and Directors
NameTitle
Toshiaki Higashihara President, Chief Executive Officer & Director
Yoshihiko Kawamura Chief Financial Officer
Norihiro Suzuki Chief Technology Officer, Manager-R&D Group
Seiichiro Nukui Chief Information Officer
George William Buckley Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
HITACHI, LTD.48.39%52 694
BERKSHIRE HATHAWAY INC.23.71%655 003
HONEYWELL INTERNATIONAL INC.5.87%156 400
SIEMENS AG16.34%132 152
GENERAL ELECTRIC COMPANY26.76%120 180
3M COMPANY16.03%117 564