Significant Revenue and Profit Growth
Revenues increased by 11% year-on-year, with adjusted EBITA also rising by 23% year-on-year, driven by strong performance in green energy and digital segments.
Upward Revision of Financial Forecasts
The fiscal year 2024 forecast for GEM's revenue has been revised upward by JPY 150 billion, with adjusted EBITA expected to increase by JPY 19.5 billion.
Strong Order Backlog in Hitachi Energy
Hitachi Energy's order backlog has tripled since 2021, reaching around USD 40 billion, with improved gross margins and low-risk profile.
Strategic Investments in Capacity Expansion
Hitachi Energy plans to invest more than $6 billion over the next few years, focusing on capacity expansion and service business growth.
Increased Dividend and Share Buyback
Interim dividend increased by 10% from the previous fiscal year-end dividend, with a share buyback of JPY 200 billion proceeding as planned.