Hitachi Announces Consolidated Financial Results for Fiscal 2022

Hitachi Announces Consolidated Financial Results for Fiscal 2022

Tokyo, April 27, 2023 --- Hitachi, Ltd. (TSE:6501) today announced its consolidated financial results for fiscal 2022, ended March 31, 2023.   Summary

(Billions of yen)

	Year ended March 31, 2022 (A)	Year ended March 31, 2023 (B)	(B)/(A) (%)
1. Revenues	10,264.6	10,881.1	106
2. Adjusted operating income	738.2	748.1	101
3. Adjusted EBITA (Adjusted Earnings before interest, taxes 　　and amortization)	855.3	884.6	103
4. Income before income taxes	839.3	819.9	98
5. Net income	670.8	703.8	105
6. Net income attributable to Hitachi, Ltd. stockholders	583.4	649.1	111
7. Earnings per share attributable to Hitachi, Ltd. stockholders Basic Diluted	(Yen) 603.75 602.96	(Yen) 684.55 683.89	113 113

Notes: 1. The Company's consolidated financial statements are prepared based on IFRS. 2. "Adjusted operating income" is presented as revenues less cost of sales as well as selling, general and administrative expenses. 3."Adjusted EBITA" = Adjusted operating income + Acquisition-related amortization + Share of profits(losses) of investments accounted for using the equity method. 4. The figures are for 696 consolidated subsidiaries and 267 equity-method associates and joint ventures.   Download the PDF to read the full details of the financial results for fiscal 2022.