Company-wide Cost Transformation through the Hitachi Smart Transformation Project
First written in FY2016. 21 of 37 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Business restructuring-related expenses included in other expenses for the previous consolidated fiscal year and the current consolidated fiscal year were ¥102,659 million and ¥167,658 million, respectively.」
Annual business restructuring-related expenses increased from ¥102.659 billion in the previous fiscal year to ¥167.658 billion. - FY2026-H1Updated interim costs related to business structural reformsAnnual report
「Business restructuring-related expenses included in other expenses for the previous interim consolidated accounting period and the current interim consolidated accounting period were ¥7,732 million and ¥14,174 million, respectively.」
Interim-period business restructuring-related expenses increased from ¥7.732 billion in the same period of the previous year to ¥14.174 billion. - FY2025Updated annual costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the previous consolidated fiscal year and the current consolidated fiscal year were ¥49,111 million and ¥102,659 million, respectively.」
Annual business restructuring-related expenses increased from ¥49.111 billion in the previous fiscal year to ¥102.659 billion. - FY2025-H1Updated interim costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the previous interim consolidated accounting period and the current interim consolidated accounting period were ¥8,301 million and ¥7,732 million, respectively.」
Interim costs related to business structural reforms decreased from ¥8.301 billion in the same period of the previous year to ¥7.732 billion. - FY2024Updated annual costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the previous consolidated fiscal year and the current consolidated fiscal year were ¥139,217 million and ¥49,111 million, respectively.」
Costs related to business structural reforms decreased from ¥139.217 billion in the previous fiscal year to ¥49.111 billion. Cost-structure reforms and efforts to strengthen profitability and cash-generation capacity are continuing. - FY2024-Q3AdvancedAnnual report
「Although continued development investment for growth in the Services & Platforms business had a negative impact on profit, Adjusted EBITA increased by ¥33.7 billion from the same period of the previous year to ¥222.0 billion, mainly due to higher revenue and progress in reducing costs of sales.」
In Digital Systems & Services, progress in reducing costs of sales and other measures contributed to a ¥33.7 billion year-on-year increase in Adjusted EBITA to ¥222.0 billion. - FY2024-Q1AdvancedAnnual report
「Adjusted EBITA increased by ¥6.7 billion from the same period of the previous year to ¥67.8 billion, mainly due to higher revenue and cost reductions, despite lower profit associated with a decline in revenue in the Measurement and Analytical Systems business and increased strategic investment.」
In Connective Industries, cost reductions and other measures contributed to a ¥6.7 billion year-on-year increase in Adjusted EBITA to ¥67.8 billion. - FY2023RestatedAnnual report
「Through these measures, we will pursue business growth so that we can generate cash consistently even in an unstable operating environment marked by soaring resource prices and persistent global inflation, while also undertaking cost-structure reforms through rationalization initiatives such as consolidating and closing sites.」
Cost-structure reforms are continuing as measures linking rationalization, including site consolidation and closure, with stable cash generation. - FY2023-Q3AdvancedAnnual report
「Revenue increased by 23% from the same period of the previous year to ¥847.7 billion, mainly due to price pass-throughs reflecting higher raw-material prices and foreign exchange effects. Adjusted EBITA increased by ¥19.5 billion from the same period of the previous year to ¥43.0 billion, mainly due to higher revenue and improved profitability from cost-reduction measures.」
At Hitachi Metals, improved profitability from cost-reduction measures and other factors resulted in a ¥19.5 billion year-on-year increase in Adjusted EBITA to ¥43.0 billion. - FY2023-Q2AdvancedAnnual report
「Adjusted EBITA at Hitachi Metals increased by ¥10.5 billion from the same period of the previous year to a profit of ¥27.6 billion, mainly due to improved profitability from cost-reduction measures.」
At Hitachi Metals, improved profitability from cost-reduction measures progressed, and Adjusted EBITA increased by ¥10.5 billion year on year to ¥27.6 billion. - FY2023-Q1AdvancedAnnual report
「Adjusted EBITA increased by ¥3.8 billion from the same period of the previous year to ¥13.1 billion, mainly due to improved profitability from cost-reduction measures.」
At Hitachi Metals, improved profitability from cost-reduction measures progressed, and Adjusted EBITA increased by ¥3.8 billion year on year to ¥13.1 billion. - FY2022-Q3AdvancedAnnual report
「Although amortization of intangible assets and other items related to the acquisition of ABB Ltd's Power Grids business and costs related to business structural reforms were recorded, adjusted operating profit improved by ¥15.6 billion from the same period of the previous year to a profit of ¥6.9 billion, mainly due to higher profit from the acquisition and cost reductions.」
In the Energy sector, adjusted operating profit improved by ¥15.6 billion year on year to a profit of ¥6.9 billion, mainly due to cost reductions and other measures. - FY2022-Q2AdvancedAnnual report
「Adjusted operating profit increased by ¥4.3 billion from the same period of the previous year to ¥112.3 billion, mainly due to higher revenue and improvements in the cost structure.」
In the IT segment, improvements in the cost structure and other factors contributed to a ¥4.3 billion year-on-year increase in adjusted operating profit to ¥112.3 billion. - FY2022-Q1AdvancedAnnual report
「Adjusted operating profit increased by ¥5.3 billion from the same period of the previous year to ¥43.6 billion, mainly due to higher revenue and improvements in the cost structure.」
In the IT segment, improvements in the cost structure and other factors contributed to a ¥5.3 billion year-on-year increase in adjusted operating profit. - FY2021RestatedAnnual report
「In addition, as part of our Group-wide cost-structure reforms involving the development of operations using digital technologies and the enhancement and integration of data, we will add reduction measures that take into account the response to the new normal, further advance investment-return management using return on invested capital (ROIC), and continue to strengthen profitability and cash-generation capacity.」
Cost transformation combining digital technologies, data enhancement and integration, reduction measures addressing the new normal, and ROIC management is continuing. - FY2021-Q3AdvancedAnnual report
「Adjusted operating profit increased by ¥8.2 billion from the same period of the previous year to ¥173.9 billion, mainly because profitability improved as a result of improvements in the cost structure, despite lower revenue.」
In the IT sector, adjusted operating profit increased by ¥8.2 billion year on year despite lower revenue, due to improvements in the cost structure. - FY2021-Q2AdvancedAnnual report
「Adjusted operating profit increased by ¥0.1 billion from the same period of the previous year to ¥13.9 billion, mainly due to expense reductions and other measures, despite lower revenue.」
In the Industry segment, adjusted operating profit increased by ¥0.1 billion year on year through expense reductions and other measures despite lower revenue, demonstrating the results of cost transformation. - FY2021-Q1AdvancedAnnual report
「Adjusted operating profit increased by ¥1.5 billion from the same period of the previous year to ¥2.0 billion, mainly due to higher revenue and the reduction of fixed costs, among other factors.」
In the Energy sector, the reduction of fixed costs and other measures contributed to improved profitability, resulting in a ¥1.5 billion year-on-year increase in adjusted operating profit. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, we continued to advance cost-structure reforms, including the sophistication of business processes and production systems and the streamlining of sales and indirect operations, with the aim of strengthening cash-generation capacity and our earnings base.」
Cost-structure reforms covering business processes, production systems, and sales and indirect operations are continuing. - FY2020-Q3Updated costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the cumulative third quarter ended in the previous fiscal year and the cumulative third quarter ended in the current fiscal year were ¥332,462 million and ¥86,358 million, respectively.」
Costs related to business structural reforms for the cumulative third quarter decreased from ¥332.462 billion in the same period of the previous year to ¥86.358 billion. - FY2020-Q3AdvancedAnnual report
「Adjusted operating profit increased by ¥16.5 billion from the same period of the previous year to ¥44.0 billion, mainly due to improved profitability from cost reductions in the Home Appliances, Automotive Systems and Healthcare businesses.」
Cost reductions in the Home Appliances, Automotive Systems and Healthcare businesses improved profitability, resulting in a ¥16.5 billion year-on-year increase in adjusted operating profit in the Lifestyle segment. - FY2020-Q2Updated costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the cumulative second quarter ended in the previous fiscal year and the cumulative second quarter ended in the current fiscal year were ¥29,925 million and ¥74,832 million, respectively.」
Costs related to business structural reforms for the cumulative second quarter increased from ¥29.925 billion in the same period of the previous year to ¥74.832 billion. - FY2020-Q2AdvancedAnnual report
「Adjusted operating profit increased by ¥10.3 billion from the same period of the previous year to ¥28.8 billion, mainly due to improved profitability from cost reductions in the Automotive Systems, Home Appliances and Healthcare businesses.」
In the Lifestyle segment, cost reductions in the Automotive Systems, Home Appliances and Healthcare businesses improved profitability, resulting in a ¥10.3 billion year-on-year increase in adjusted operating profit. - FY2020-Q1AdvancedAnnual report
「Adjusted operating profit increased by ¥2.8 billion from the same period of the previous year to ¥9.2 billion, mainly because profitability in the home appliances business improved due to cost reductions, despite lower revenue.」
In the Lifestyle segment, improved profitability in the home appliances business due to cost reductions was reflected in a ¥2.8 billion year-on-year increase in adjusted operating profit. - FY2019Updated costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the previous consolidated fiscal year and the current consolidated fiscal year were ¥64,384 million and ¥380,846 million, respectively.」
Costs related to business structural reforms increased from ¥64.384 billion in the previous fiscal year to ¥380.846 billion in the current fiscal year. They included costs associated with the suspension of a UK nuclear power plant construction project. - FY2019-Q3Updated costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the cumulative third quarter ended in the previous fiscal year and the cumulative third quarter ended in the current fiscal year were ¥7,790 million and ¥332,462 million, respectively.」
Costs related to business structural reforms increased substantially from ¥7.790 billion in the same period of the previous year to ¥332,462 million in the current period. They included impairment losses on a UK nuclear power plant construction project and special retirement allowances, among other items. - FY2019-Q2Updated costs related to business structural reformsAnnual report
「Costs related to business structural reforms included in other expenses for the cumulative second quarter ended in the previous fiscal year and the cumulative second quarter ended in the current fiscal year were ¥5,759 million and ¥29,925 million, respectively.」
Costs related to business structural reforms increased from ¥5.759 billion in the same period of the previous year to ¥29.925 billion. - FY2019-Q1AdvancedAnnual report
「Revenue decreased by 13% from the same period of the previous year to ¥114.3 billion, while adjusted operating profit increased by ¥0.5 billion to ¥2.6 billion, mainly due to the effects of business structural reforms.」
In the Lifestyle segment, revenue decreased, while adjusted operating profit increased by ¥0.5 billion year on year due to the effects of business structural reforms, among other factors. - FY2018AdvancedAnnual report
「Adjusted operating profit increased by ¥127.3 billion from the previous fiscal year to ¥714.6 billion, mainly because the Construction Machinery segment posted higher profit on increased revenue, profitability improved in the Industrial and Distribution, Power and Energy, and Industrial Equipment businesses within the Social Infrastructure and Industrial Systems segment, and the Information & Telecommunication Systems segment posted higher profit due to the effects of business structural reforms implemented in the previous fiscal year and improved profitability in the domestic systems integration business.」
Business structural reforms and improved profitability in domestic systems integration, among other factors, resulted in a ¥127.3 billion year-on-year increase in adjusted operating profit to ¥714.6 billion. - FY2018-Q3AdvancedAnnual report
「Segment profit increased by ¥52.8 billion from the same period of the previous year to ¥104.4 billion, mainly due to improved profitability in the domestic systems integration business, the effects of business structural reforms centered on the storage business, and a decrease in costs related to business structural reforms.」
The effects of business structural reforms centered on the storage business, improved profitability in the domestic systems integration business, and lower reform-related costs drove a ¥52.8 billion year-on-year increase in segment profit for Information & Telecommunication Systems. - FY2018-Q2AdvancedAnnual report
「Segment profit increased by ¥50.7 billion from the same period of the previous year to ¥70.3 billion, mainly due to the effects of business structural reforms centered on the storage business, increased sales of highly profitable high-end flash storage, improved profitability in the domestic systems integration business, and a decrease in costs related to business structural reforms.」
For business structural reforms centered on the storage business, higher sales, improved profitability and lower related costs were reflected in a ¥50.7 billion increase in segment profit for Information & Telecommunication Systems. - FY2018-Q1AdvancedAnnual report
「Segment profit increased by ¥25.1 billion from the same period of the previous year to ¥25.9 billion, mainly due to the effects of business structural reforms centered on the storage business, a decrease in costs related to business structural reforms from the same period of the previous year, and improved foreign exchange gains and losses.」
For business structural reforms centered on the storage business, the effects of the reforms and the decrease in related costs were reflected in a ¥25.1 billion year-on-year increase in segment profit. - FY2017RestatedAnnual report
「The Group is implementing the Hitachi Smart Transformation Project, which is radically reforming the cost structure across the Group in procurement, production and indirect operations.」
Company-wide cost transformation covering procurement, production and indirect operations is continuing. - FY2017-Q1RestatedAnnual report
「Segment profit decreased by ¥7.6 billion from the same period of the previous year to ¥0.7 billion, mainly because costs related to business structural reforms, including impairment losses, were recorded primarily in the communications network business, and foreign exchange losses were recorded, despite the effects of business structural reforms centered on that business.」
The effects of business structural reforms centered on the communications network business were reported, while related costs were also recorded. - FY2016First statedAnnual report
「The Group is implementing the Hitachi Smart Transformation Project, which is radically reforming the cost structure across the Group in procurement, production and indirect operations.」
The Group is reforming procurement, production and indirect operations across the organization, with the aim of stabilizing profitability and generating cash flow.