Hitachi, Ltd. raised its consolidated earnings forecast for the fiscal year ending March 2027, increasing revenue to ¥12 trillion, adjusted operating profit to ¥145 billion and net income to ¥920 billion. The power transmission and distribution business is expected to drive overall growth.
Hitachi, Ltd. raised its consolidated earnings forecast for the fiscal year ending March 2027. Under the latest International Financial Reporting Standards (IFRS), it announced that revenue had been increased from the previous forecast of ¥11.7 trillion to ¥12 trillion, while adjusted operating profit was raised to ¥145 billion and net income to ¥920 billion.
The improvement in the company's earnings was said to be driven largely by the contribution from its power transmission and distribution business, which was highlighted as the factor driving overall growth. Demand and contracts related to power transmission and distribution were viewed as having remained firm among all segments.
The article contains no description of market reactions or developments at other companies. It was stated that the revision may have been affected by trends in individual segments and the macroeconomic environment, and that this should be taken into consideration. Additional information is expected to be provided depending on future financial disclosures.
The revision suggests an improvement in Hitachi's medium-term profitability, but does not provide a specific investment recommendation or forecast of share-price movements.