Hitachi, Ltd.'s latest results showed year-on-year revenue growth, while net profit declined. The share price fell sharply in November before rebounding, and a U.S. securities firm was reported to have lowered its target price.
The results announced by Hitachi, Ltd. on 28 October 2026, the date of its latest earnings announcement, showed year-on-year revenue growth, while adjusted operating profit rose 26.6% to ¥643.2 billion. Meanwhile, profit before tax fell 7.4% to ¥629.9 billion, and interim profit attributable to owners of the parent declined 11.9% to ¥416.6 billion. The results indicated an improvement trend lasting 7 consecutive quarters. Improvements in the converted net profit margin and EPS, as well as the resilience of the equity ratio, have been reported.
Turning to share-price movements, the stock fell to ¥4,542 on 6 November, down 4.82% from the previous day, before rebounding to ¥4,981 on 12 November. It subsequently tested its recovery momentum, reaching ¥4,962 on 13 November. During this period, a major U.S. securities firm maintained its bullish view while lowering its target price to ¥6,400 and ¥6,700.