Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
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Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales0.0pt
基準 2,027Target2,027%
Operating profit margin0.0pt
基準 14Target14%
ROIC+2.0pt
基準 2,025Target2,027%
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).
Total investment planMore than $6 billion (2024-2027)
Investment amount by sectorField Europe / Amount More than $1.8 billion, Field China / Amount $200 million, Field North America / Amount More than $2 billion, Field India / Amount $450 million, Field South America / Amount $300 million
Key initiatives
01Strengthen the core
02Operational Excellence
03Continue investing in capacity expansion
04M&A and partnerships
05Nuclear power business in Japan
06Accelerate strategic growth
07Capture highly profitable market opportunities
08Become the No. 1 service provider
09Make high-confidence investments based on the largest order backlog ever recorded and long-term market prospects
10Leverage AI, digital technologies and innovative technologies
11Accelerate investment in AI
12Strengthen technology leadership
13Capture global business opportunities in SMRs
14Optimize existing capacity
15A single ERP system (Reiwa)
16Proactive risk management using Resilinc
17Digitize all processes across the company using Celonis and AI
18Integrate (agentic) AI through collaboration with DSS and GlobalLogic
19Capture demand in high-growth segments
20Focus on services
Plan assumptionsMarket size is based on the FY2025 budget exchange rates, The order backlog is expected to remain stable at 2.5–3 times revenue, Investment will be made only in projects with secured profitability
Segment targetSegment Energy sector / Target FY2027 revenue growth of 15–17% (FY2024-FY2027 CAGR), Adj. EBITA margin of 14%+, and ROIC of 20%+. For FY2030, revenue growth of approximately 14%, an Adj. EBITA margin of 16%+, and ROIC of 25%+., Segment Hitachi Energy / Target FY2027 revenue growth of 19% (FY2024-FY2027 CAGR) and an Adj. EBITA margin of 15%+. For FY2030, revenue growth of approximately 15% and an Adj. EBITA margin of 16–20%.
Size of the Target MarketMarket Hitachi Energy market size / Figures 2025: 272, 2030: 350, 2035: 450 / Source Hitachi Energy’s 2025 market assessment. Non-consolidated basis, based on FY2025 budget exchange rates, Market Nuclear power market size (annual global investment) / Figures 2020: 45, 2030: 90, 2040: 121, 2050: 132 / Source International Atomic Energy Agency (IAEA) and International Energy Agency (IEA)
Risks identified by the company
Sharp fluctuations in economic conditions and demand in key markets
Foreign exchange fluctuations
Funding Environment
Share price fluctuations
Shortages and price fluctuations of raw materials and components
The financial condition of counterparties to which credit has been extended
Political and social conditions and various regulations, including trade restrictions, in key markets and business locations, particularly Japan, Asia, the United States and Europe
Response to stricter regulations and other developments relating to climate change measures
Dependence on information systems and management of confidential information
Securing human resources
The ability of Hitachi and its subsidiaries to develop products using new technologies, bring them to market in a timely manner and achieve low-cost production
Natural disasters such as earthquakes and tsunamis, climate change, outbreaks of infectious diseases, and political and social disruption caused by terrorism, conflicts and other events
Estimates, cost fluctuations and contract cancellations relating to long-term construction and other contracts
Intensifying price competition
Fluctuations in the supply and demand of products and other items
The ability of Hitachi and its subsidiaries to respond to fluctuations in the supply and demand of products and other items, foreign exchange rates and raw material prices, and shortages of raw materials and components
Implementation of cost-structure reform initiatives
Strategy relating to strengthening the social innovation business
Execution of acquisitions, business joint ventures and strategic alliances, and the associated costs
Implementation of business restructuring initiatives
Losses relating to investments in equity-method affiliates
Litigation and other legal proceedings against Hitachi, its subsidiaries or equity-method affiliates
Defects and other deficiencies in products and services
Protection of Hitachi’s intellectual property and securing the right to use the intellectual property of other companies
Estimates in calculating liabilities relating to retirement benefits
Reason for revision or withdrawal
The Inspire 2027 targets were raised in light of growth and steady execution. Orders received, revenue, profit and cash reached record highs in FY2025.
| Item | Details |
|---|---|
| Plan name | Inspire 2027 |
| Plan period | FY2024-FY2027 (with the FY2030 Ambition also shown) |
| Progress against the plan | Partially revised |
| Sales Target | 15–17% (FY2024-FY2027 CAGR, previous target) → 15-17%（FY2024-FY2027 CAGR）（0%） |
| Operating profit margin target | 14%+ (Adj. EBITA margin, previous target) → 14%+ (Adj. EBITA margin)（0%） |
| ROIC target | Approximately 14% (previous target), 15.4% (FY2025 actual) → 20%+（FY2027） |
| Total investment plan | More than $6 billion (2024-2027) |
| Investment amount by sector | Field Europe / Amount More than $1.8 billion, Field China / Amount $200 million, Field North America / Amount More than $2 billion, Field India / Amount $450 million, Field South America / Amount $300 million |
| Segment target | Segment Energy sector / Target FY2027 revenue growth of 15–17% (FY2024-FY2027 CAGR), Adj. EBITA margin of 14%+, and ROIC of 20%+. For FY2030, revenue growth of approximately 14%, an Adj. EBITA margin of 16%+, and ROIC of 25%+., Segment Hitachi Energy / Target FY2027 revenue growth of 19% (FY2024-FY2027 CAGR) and an Adj. EBITA margin of 15%+. For FY2030, revenue growth of approximately 15% and an Adj. EBITA margin of 16–20%. |
| Plan assumptions | Market size is based on the FY2025 budget exchange rates, The order backlog is expected to remain stable at 2.5–3 times revenue, Investment will be made only in projects with secured profitability |
| Key initiatives | Strengthen the core, Operational Excellence, Continue investing in capacity expansion, M&A and partnerships, Nuclear power business in Japan, Accelerate strategic growth, Capture highly profitable market opportunities, Become the No. 1 service provider, Make high-confidence investments based on the largest order backlog ever recorded and long-term market prospects, Leverage AI, digital technologies and innovative technologies, Accelerate investment in AI, Strengthen technology leadership, Capture global business opportunities in SMRs, Optimize existing capacity, A single ERP system (Reiwa), Proactive risk management using Resilinc, Digitize all processes across the company using Celonis and AI, Integrate (agentic) AI through collaboration with DSS and GlobalLogic, Capture demand in high-growth segments, Focus on services |
| Reason for revision or withdrawal | The Inspire 2027 targets were raised in light of growth and steady execution. Orders received, revenue, profit and cash reached record highs in FY2025. |
| Size of the Target Market | Market Hitachi Energy market size / Figures 2025: 272, 2030: 350, 2035: 450 / Source Hitachi Energy’s 2025 market assessment. Non-consolidated basis, based on FY2025 budget exchange rates, Market Nuclear power market size (annual global investment) / Figures 2020: 45, 2030: 90, 2040: 121, 2050: 132 / Source International Atomic Energy Agency (IAEA) and International Energy Agency (IEA) |
| Risks identified | Sharp fluctuations in economic conditions and demand in key markets, Foreign exchange fluctuations, Funding Environment, Share price fluctuations, Shortages and price fluctuations of raw materials and components, The financial condition of counterparties to which credit has been extended, Political and social conditions and various regulations, including trade restrictions, in key markets and business locations, particularly Japan, Asia, the United States and Europe, Response to stricter regulations and other developments relating to climate change measures, Dependence on information systems and management of confidential information, Securing human resources, The ability of Hitachi and its subsidiaries to develop products using new technologies, bring them to market in a timely manner and achieve low-cost production, Natural disasters such as earthquakes and tsunamis, climate change, outbreaks of infectious diseases, and political and social disruption caused by terrorism, conflicts and other events, Estimates, cost fluctuations and contract cancellations relating to long-term construction and other contracts, Intensifying price competition, Fluctuations in the supply and demand of products and other items, The ability of Hitachi and its subsidiaries to respond to fluctuations in the supply and demand of products and other items, foreign exchange rates and raw material prices, and shortages of raw materials and components, Implementation of cost-structure reform initiatives, Strategy relating to strengthening the social innovation business, Execution of acquisitions, business joint ventures and strategic alliances, and the associated costs, Implementation of business restructuring initiatives, Losses relating to investments in equity-method affiliates, Litigation and other legal proceedings against Hitachi, its subsidiaries or equity-method affiliates, Defects and other deficiencies in products and services, Protection of Hitachi’s intellectual property and securing the right to use the intellectual property of other companies, Estimates in calculating liabilities relating to retirement benefits |
| Publication date | 9 June 2026 |
Items this document does not state (10)
Operating profit targetNet income targetROE targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceNon-financial targetsResults under the previous planDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Inspire 2027 targets have been raised in light of growth and steady execution. The reasons include record-high orders received, revenue, profit and cash in FY2025, as well as progress in expanding capacity and pursuing operational excellence.
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