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Diversified conglomerate in IT/digital services, railway systems, power grid equipment, and industrial machinery.
Diversified conglomerate in IT/digital services, railway systems, power grid equipment, and industrial machinery.
Has been remade since its record losses of 2009 from a sprawling conglomerate into a digital and infrastructure group, selling off listed subsidiaries such as Hitachi Metals and buying ABB's power-grid business in 2020 and software engineering firm GlobalLogic in 2021. IT services and grid equipment now carry the group.
In one line: A Japanese Siemens/GE, refocused around digital and grid infrastructure.
Moat: narrow (scale, installed base, IP / patents). Broad installed base across grid, rail and industrial equipment, but faces global rivals like Siemens and GE in each segment.
Headquarters: Tokyo, Japan · Founded: 1910 · Employees: 287,901
Size Hitachi (6501.T) is a Japan Industrials company (Industrial Machinery) with a market value of $130B, the 7th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,542 on 6 Nov 2026.
Performance Over six months the shares fell 7.0%, against -1.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th lowest of 14 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +9.6%); the operating margin is 11.7% (peer median 16.8%).
Valuation It trades at 20.9× forward earnings against a peer median of 23.4× (3rd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.1 points above its cost of capital (9.3% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥11.4T | ¥10.6T | ¥9.78T | ¥9.73T | ¥10.9T |
| Revenue growth | — | +8% | +1% | -11% | — |
| Gross profit | ¥3.44T | ¥3.18T | ¥2.82T | ¥2.58T | ¥2.69T |
| EBITDA | ¥1.81T | ¥1.66T | ¥1.40T | ¥1.21T | ¥1.27T |
| Net income | ¥746B | ¥802B | ¥616B | ¥590B | ¥649B |
| Free cash flow | ¥1.30T | ¥1.32T | ¥925B | ¥724B | ¥574B |
| Capital expenditure | ¥567B | ¥498B | ¥392B | ¥385B | ¥411B |
| Total debt | ¥1.03T | ¥1.01T | ¥1.21T | ¥1.18T | ¥2.21T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hitachi 6501.T | $130B | -7% | +14% | 12% | 20.9× | 9.5% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| GE Vernova GEV | $205B | -26% | +17% | 7% | 32.2× | 24.9% |
| Mitsubishi Electric 6503.T | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6501.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.8% | -6.4% | 3rd lowest of 15 |
| 6-month return | -7.0% | -1.0% | 5th lowest of 14 |
| Distance from 52-week high | -24.4% | -19.1% | 7th lowest of 15 |
| Revenue growth (TTM) | +13.8% | +9.6% | 5th highest of 15 |
| Operating margin | 11.7% | 16.8% | 4th lowest of 15 |
| Forward P/E | 20.9× | 23.4× | 3rd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 9.5% | 18.3% | 4th least demanding of 14 |
| Growth delivered (Del g) | +3.9% | +11.0% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +5.6 pp | +6.6 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +5.1 pp | +5.7 pp | 7th lowest of 15 |
| EV / EBITDA | 11.2× | 18.5× | 2nd cheapest of 11 |
| Net debt / EBITDA | -0.3× | 0.7× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hitachi 6501.T | Japan | $130B | -7% | +14% | 12% | 20.9× | 9.5% | +3.9% |
| Parker Hannifin PH | United States | $116B | +4% | +8% | 22% | 24.4× | 19.0% | +8.4% |
| Trane Technologies TT | United States | $87.9B | -14% | +10% | 18% | 23.4× | 14.7% | +11.4% |
| Atlas Copco ATCO-A.ST | Sweden | $87.5B | +4% | +3% | 20% | 29.7× | 17.7% | +11.0% |
| Johnson Controls JCI | United States | $81.8B | -3% | +9% | 16% | 21.3× | 17.8% | +1.6% |
| Siemens SIE.DE | Germany | $225B | -4% | +4% | 13% | 23.4× | 18.3% | +7.4% |
| Honeywell Technologies HON | United States | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% | +2.8% |
| NAURA Technology 002371.SZ | China | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% | +45.5% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% | +4.5% |
| Daikin Industries 6367.T | Japan | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% | +15.0% |
| Yushu Technology 688836.SS | China | $39.8B | n/a | +333% | 19% | n/a | n/a | n/a |
| Schindler SCHN.SW | Switzerland | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% | +0.6% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |