Hitachi Astemo's FY2025 revenue and EBITDA targets
First written in FY2021. 6 of 10 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2024-Q2.
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- FY2024-Q2AchievedAnnual report
「The transaction was completed on 16 October 2023. The consideration received for our sale was ¥157,807 million. As a result, our ownership interest in Hitachi Astemo decreased from 66.6% to 40%, and Hitachi Astemo became an equity-method affiliate of ours.」
The deconsolidation transaction for Hitachi Astemo was completed, with sale consideration of ¥157,807 million, our ownership interest reduced to 40%, and Hitachi Astemo becoming an equity-method affiliate. - FY2024-Q1Updated terms of the deconsolidation transactionAnnual report
「The consideration for the sale is expected to be approximately ¥158.0 billion. Following completion of the transaction, our ownership interest in Hitachi Astemo is expected to decrease from 66.6% to 40%, and Hitachi Astemo is expected to become an equity-method affiliate of the Company. The Company expects to recognize a gain of approximately ¥111.0 billion arising from the loss of control of Hitachi Astemo as other income in the consolidated statement of profit or loss for the current consolidated fiscal year. Non-controlling interests are also expected to decrease by approximately ¥267.0 billion in the consolidated statement of changes in equity for the current consolidated fiscal year.」
The deconsolidation of Hitachi Astemo was detailed, including sale consideration of approximately ¥158.0 billion, a reduction in our ownership interest from 66.6% to 40%, a gain of approximately ¥111.0 billion on the loss of control, and an expected decrease of approximately ¥267.0 billion in non-controlling interests. The transaction remained at the planned stage. - FY2023Updated policy for deconsolidationAnnual report
「After the transaction, the Company's ownership interest in 日立Astemo was expected to decrease from 66.6% to 40%, and 日立Astemo was expected to become an equity-method affiliate of the Company.」
After setting Hitachi Astemo's FY2025 targets, we disclosed a policy to establish a joint-partner structure including JIC Capital and Honda Motor Co., Ltd. and reduce our ownership interest to 40%. - FY2023-Q3AdvancedAnnual report
「Although revenue was affected by factors including production cuts by automakers due to the semiconductor shortage and reduced parts supplies resulting from lockdowns in India following the spread of COVID-19, revenue increased 104% year on year to ¥1.1513 trillion, primarily due to the business integration involving Hitachi Astemo, Ltd. and higher revenue resulting from improved operating rates, which had deteriorated due to the spread of COVID-19 in the previous fiscal year. Despite the impact of production cuts by automakers due to the semiconductor shortage and higher materials prices, adjusted operating profit improved by ¥34.6 billion year on year to ¥34.5 billion, mainly due to the increase in revenue.」
Cumulative third-quarter revenue for Automotive Systems, including Hitachi Astemo, increased 104% year on year to ¥1.1513 trillion, while adjusted operating profit improved by ¥34.6 billion to ¥34.5 billion. The post-integration results toward the FY2025 target were updated. - FY2023-Q2AdvancedAnnual report
「Revenue increased 17% year on year to ¥884.0 billion, mainly due to foreign exchange effects and other factors. Although revenue increased, Adjusted EBITA declined by ¥12.3 billion year on year to profit of ¥11.8 billion, due mainly to the impact of lower operating rates resulting from lockdowns in China during the first quarter of the current consolidated fiscal year and higher materials prices.」
For the first half of the year, Automotive Systems revenue increased 17% year on year to ¥884.0 billion, while Adjusted EBITA was profit of ¥11.8 billion. Meanwhile, Adjusted EBITA declined by ¥12.3 billion year on year due to lower operating rates resulting from lockdowns in China and higher materials prices. - FY2023-Q1AdvancedAnnual report
「Although revenue was affected by factors including lockdowns in China following the spread of COVID-19 and production cuts by automakers due to the semiconductor shortage, revenue increased 1% year on year to ¥388.2 billion, mainly due to foreign exchange effects and other factors. Although revenue increased, Adjusted EBITA deteriorated by ¥17.8 billion year on year to a loss of ¥4.6 billion, due mainly to lower operating rates resulting from lockdowns in China and higher materials prices.」
In Automotive Systems, including Hitachi Astemo, first-quarter revenue was ¥388.2 billion and Adjusted EBITA was a loss of ¥4.6 billion. The post-integration results were updated. - FY2022-Q3AdvancedAnnual report
「Although revenue was affected by factors including production cuts by automakers due to the semiconductor shortage and reduced parts supplies resulting from lockdowns in India following the spread of COVID-19, revenue increased 104% year on year to ¥1.1513 trillion, primarily due to the business integration involving Hitachi Astemo, Ltd. and higher revenue resulting from improved operating rates, which had deteriorated due to the spread of COVID-19 in the previous fiscal year. Despite the impact of production cuts by automakers due to the semiconductor shortage and higher materials prices, adjusted operating profit improved by ¥34.6 billion year on year to ¥34.5 billion, mainly due to the increase in revenue.」
Hitachi Astemo's cumulative revenue for the third quarter increased 104% year on year to ¥1.1513 trillion, while adjusted operating profit improved by ¥34.6 billion to ¥34.5 billion. The post-integration results were updated. - FY2022-Q2AdvancedAnnual report
「Although revenue was affected by factors including production cuts by automakers due to the semiconductor shortage and reduced parts supplies resulting from lockdowns in India following the spread of COVID-19, revenue increased 134% year on year to ¥755.9 billion, primarily due to the business integration involving Hitachi Astemo, Ltd. and higher revenue resulting from improved operating rates, which had deteriorated due to the spread of COVID-19 in the previous fiscal year. Despite the impact of production cuts by automakers due to the semiconductor shortage and higher materials prices, adjusted operating profit improved by ¥41.0 billion year on year to ¥22.3 billion, mainly due to the increase in revenue.」
At Hitachi Astemo, cumulative revenue for the second quarter following the business integration increased 134% year on year to ¥755.9 billion, while adjusted operating profit improved by ¥41.0 billion to ¥22.3 billion, updating the post-integration results. - FY2022-Q1AdvancedAnnual report
「Revenue increased 250% year on year to ¥382.5 billion, primarily due to the business integration involving Hitachi Astemo, Ltd. and higher revenue resulting from the recovery in market conditions. Adjusted operating profit improved by ¥33.7 billion year on year to ¥12.1 billion, mainly due to the increase in revenue.」
Following the business integration of Hitachi Astemo, first-quarter revenue was ¥382.5 billion and adjusted operating profit was ¥12.1 billion, showing the post-integration results. - FY2021First statedAnnual report
「As performance targets for FY2025, we will accelerate the creation of synergies among the 4 companies integrated as Hitachi Astemo, Ltd., with the creation of economic value in mind, including revenue of approximately ¥2 trillion and an EBITDA margin of approximately 15%, while strengthening our management foundation and corporate structure and expanding earnings.」
For Hitachi Astemo, we first presented performance targets for FY2025 of approximately ¥2 trillion in revenue and an EBITDA margin of approximately 15%, identifying synergies among the 4 integrated companies as the means of achieving them.