Financials

Hitachi Construction Machinery: FYE Mar 2026 and ten years of results (47 metrics)

FYE Mar 2026 · Revenue¥1.41tnYoY +2.5%

FYE Mar 2026 · Operating profit¥130bnYoY −15.9%

FYE Mar 2026 · Net profit¥73bnYoY −10.1%

FYE Mar 2026 · Equity ratio45.5%YoY +3.0pp

FYE Mar 2026 · Group employees25,304YoY −797

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥754bn	n/a	¥24bn	n/a	3.1%	¥8.0bn	Tsujimoto Yuichi	Buys H-E Parts and Bradken for about ¥80 billion
FYE Mar 2018Consolidated	¥959bn	+27.2%	¥96bn	+305.3%	10.0%	¥60bn	Tsujimoto Yuichi	—
FYE Mar 2019Consolidated	¥1.03tn	+7.8%	¥102bn	+6.9%	9.9%	¥69bn	Hirano Kotaro	—
FYE Mar 2020Consolidated	¥931bn	−9.9%	¥73bn	−28.8%	7.8%	¥41bn	Hirano Kotaro	—
FYE Mar 2021Consolidated	¥813bn	−12.7%	¥28bn	−61.2%	3.5%	¥10bn	Hirano Kotaro	—
FYE Mar 2022Consolidated	¥1.02tn	+26.0%	¥107bn	+277.5%	10.4%	¥76bn	Hirano Kotaro	North American joint venture with Deere dissolved
FYE Mar 2023Consolidated	¥1.26tn	+23.4%	¥136bn	+27.3%	10.7%	¥70bn	Hirano Kotaro	Hitachi sells 26% to the Itochu / JIP vehicle HCJI
FYE Mar 2024Consolidated	¥1.41tn	+11.1%	¥163bn	+19.9%	11.6%	¥93bn	Hirano Kotaro	—
FYE Mar 2025Consolidated	¥1.37tn	−2.5%	¥155bn	−4.9%	11.3%	¥81bn	Senzaki Masafumi	Sales ¥1,405.9 billion; net income ¥93.2 billion
FYE Mar 2026Consolidated	¥1.41tn	+2.5%	¥130bn	−15.9%	9.3%	¥73bn	Senzaki Masafumi	Hitachi’s stake falls to 18.4%

How it compares

Komatsu¥4.13tnFY2025Operating margin 13.7%Kubota¥3.02tnFY2025Operating margin 8.8%

Hitachi Construction Machinery¥1.41tnFY2025Operating margin 9.3%

TADANO LTD.¥349bnFY2025Operating margin 5.3%Takeuchi Mfg.¥225bnFY2025Operating margin 16.7%

Denyo¥71bnFY2024Operating margin 10.4%

Aichikoporeshon¥59bnFY2024Operating margin 12.5%

AIRMAN¥55bnFY2024Operating margin 12.6%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥1.41tn

CAGR · 10 yrs +7.2%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	754	n/a	Cons. · IFRS
FYE Mar 2018	959	+27.2%	Cons. · IFRS
FYE Mar 2019	1,034	+7.8%	Cons. · IFRS
FYE Mar 2020	931	−9.9%	Cons. · IFRS
FYE Mar 2021	813	−12.7%	Cons. · IFRS
FYE Mar 2022	1,025	+26.0%	Cons. · IFRS
FYE Mar 2023	1,265	+23.4%	Cons. · IFRS
FYE Mar 2024	1,406	+11.1%	Cons. · IFRS
FYE Mar 2025	1,371	−2.5%	Cons. · IFRS
FYE Mar 2026	1,405	+2.5%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥988bn

CAGR · 10 yrs +6.0%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	583	n/a	Cons. · IFRS
FYE Mar 2018	695	+19.3%	Cons. · IFRS
FYE Mar 2019	736	+5.8%	Cons. · IFRS
FYE Mar 2020	681	−7.5%	Cons. · IFRS
FYE Mar 2021	620	−8.9%	Cons. · IFRS
FYE Mar 2022	745	+20.2%	Cons. · IFRS
FYE Mar 2023	887	+19.1%	Cons. · IFRS
FYE Mar 2024	971	+9.4%	Cons. · IFRS
FYE Mar 2025	943	−2.9%	Cons. · IFRS
FYE Mar 2026	988	+4.8%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥417bn

CAGR · 10 yrs +10.4%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	171	n/a	Cons. · IFRS
FYE Mar 2018	264	+54.4%	Cons. · IFRS
FYE Mar 2019	298	+13.0%	Cons. · IFRS
FYE Mar 2020	251	−15.9%	Cons. · IFRS
FYE Mar 2021	193	−22.9%	Cons. · IFRS
FYE Mar 2022	280	+44.8%	Cons. · IFRS
FYE Mar 2023	378	+35.0%	Cons. · IFRS
FYE Mar 2024	435	+15.1%	Cons. · IFRS
FYE Mar 2025	429	−1.5%	Cons. · IFRS
FYE Mar 2026	417	−2.6%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥284bn

CAGR · 10 yrs +8.0%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	143	n/a	Cons. · IFRS
FYE Mar 2018	170	+19.3%	Cons. · IFRS
FYE Mar 2019	181	+6.5%	Cons. · IFRS
FYE Mar 2020	174	−4.0%	Cons. · IFRS
FYE Mar 2021	161	−7.8%	Cons. · IFRS
FYE Mar 2022	186	+16.1%	Cons. · IFRS
FYE Mar 2023	241	+29.4%	Cons. · IFRS
FYE Mar 2024	267	+10.7%	Cons. · IFRS
FYE Mar 2025	284	+6.2%	Cons. · IFRS
FYE Mar 2026	284	+0.3%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥130bn

CAGR · 10 yrs +20.9%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	23.6	n/a	Cons. · IFRS
FYE Mar 2018	95.7	+305.3%	Cons. · IFRS
FYE Mar 2019	102	+6.9%	Cons. · IFRS
FYE Mar 2020	72.8	−28.8%	Cons. · IFRS
FYE Mar 2021	28.2	−61.2%	Cons. · IFRS
FYE Mar 2022	107	+277.5%	Cons. · IFRS
FYE Mar 2023	136	+27.3%	Cons. · IFRS
FYE Mar 2024	163	+19.9%	Cons. · IFRS
FYE Mar 2025	155	−4.9%	Cons. · IFRS
FYE Mar 2026	130	−15.9%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥6.4bn

CAGR · 10 yrs +5.4%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	4.0	n/a	Cons. · IFRS
FYE Mar 2018	2.9	−27.4%	Cons. · IFRS
FYE Mar 2019	3.8	+29.9%	Cons. · IFRS
FYE Mar 2020	2.9	−23.8%	Cons. · IFRS
FYE Mar 2021	3.7	+27.0%	Cons. · IFRS
FYE Mar 2022	4.5	+21.9%	Cons. · IFRS
FYE Mar 2023	5.0	+12.1%	Cons. · IFRS
FYE Mar 2024	11.6	+131.2%	Cons. · IFRS
FYE Mar 2025	6.2	−46.4%	Cons. · IFRS
FYE Mar 2026	6.4	+3.7%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥16bn

CAGR · 10 yrs +18.5%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	3.5	n/a	Cons. · IFRS
FYE Mar 2018	7.4	+113.6%	Cons. · IFRS
FYE Mar 2019	8.1	+9.5%	Cons. · IFRS
FYE Mar 2020	11.3	+39.8%	Cons. · IFRS
FYE Mar 2021	7.7	−31.5%	Cons. · IFRS
FYE Mar 2022	6.4	−17.3%	Cons. · IFRS
FYE Mar 2023	20.1	+214.1%	Cons. · IFRS
FYE Mar 2024	17.2	−14.4%	Cons. · IFRS
FYE Mar 2025	30.0	+74.3%	Cons. · IFRS
FYE Mar 2026	15.9	−46.9%	Cons. · IFRS

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥73bn

CAGR · 10 yrs +27.8%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	8.0	n/a	Cons. · IFRS
FYE Mar 2018	60.0	+648.0%	Cons. · IFRS
FYE Mar 2019	68.5	+14.2%	Cons. · IFRS
FYE Mar 2020	41.2	−39.9%	Cons. · IFRS
FYE Mar 2021	10.3	−74.9%	Cons. · IFRS
FYE Mar 2022	75.8	+633.3%	Cons. · IFRS
FYE Mar 2023	70.2	−7.5%	Cons. · IFRS
FYE Mar 2024	93.3	+32.9%	Cons. · IFRS
FYE Mar 2025	81.4	−12.7%	Cons. · IFRS
FYE Mar 2026	73.2	−10.1%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Mar 2026 29.7%

Average · 10 yrs 27.9%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	22.7	n/a	Cons. · IFRS
FYE Mar 2018	27.5	+4.8pp	Cons. · IFRS
FYE Mar 2019	28.8	+1.3pp	Cons. · IFRS
FYE Mar 2020	26.9	−1.9pp	Cons. · IFRS
FYE Mar 2021	23.8	−3.2pp	Cons. · IFRS
FYE Mar 2022	27.3	+3.5pp	Cons. · IFRS
FYE Mar 2023	29.9	+2.6pp	Cons. · IFRS
FYE Mar 2024	31.0	+1.1pp	Cons. · IFRS
FYE Mar 2025	31.3	+0.3pp	Cons. · IFRS
FYE Mar 2026	29.7	−1.6pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 9.3%

Average · 10 yrs 8.8%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	3.1	n/a	Cons. · IFRS
FYE Mar 2018	10.0	+6.8pp	Cons. · IFRS
FYE Mar 2019	9.9	−0.1pp	Cons. · IFRS
FYE Mar 2020	7.8	−2.1pp	Cons. · IFRS
FYE Mar 2021	3.5	−4.4pp	Cons. · IFRS
FYE Mar 2022	10.4	+6.9pp	Cons. · IFRS
FYE Mar 2023	10.7	+0.3pp	Cons. · IFRS
FYE Mar 2024	11.6	+0.8pp	Cons. · IFRS
FYE Mar 2025	11.3	−0.3pp	Cons. · IFRS
FYE Mar 2026	9.3	−2.0pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 5.2%

Average · 10 yrs 5.0%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	1.1	n/a	Cons. · IFRS
FYE Mar 2018	6.3	+5.2pp	Cons. · IFRS
FYE Mar 2019	6.6	+0.4pp	Cons. · IFRS
FYE Mar 2020	4.4	−2.2pp	Cons. · IFRS
FYE Mar 2021	1.3	−3.1pp	Cons. · IFRS
FYE Mar 2022	7.4	+6.1pp	Cons. · IFRS
FYE Mar 2023	5.5	−1.9pp	Cons. · IFRS
FYE Mar 2024	6.6	+1.1pp	Cons. · IFRS
FYE Mar 2025	5.9	−0.7pp	Cons. · IFRS
FYE Mar 2026	5.2	−0.7pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 70.3%

Average · 10 yrs 72.1%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	77.3	n/a	Cons. · IFRS
FYE Mar 2018	72.5	−4.8pp	Cons. · IFRS
FYE Mar 2019	71.2	−1.3pp	Cons. · IFRS
FYE Mar 2020	73.1	+1.9pp	Cons. · IFRS
FYE Mar 2021	76.2	+3.2pp	Cons. · IFRS
FYE Mar 2022	72.7	−3.5pp	Cons. · IFRS
FYE Mar 2023	70.1	−2.6pp	Cons. · IFRS
FYE Mar 2024	69.0	−1.1pp	Cons. · IFRS
FYE Mar 2025	68.7	−0.3pp	Cons. · IFRS
FYE Mar 2026	70.3	+1.6pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 20.2%

Average · 10 yrs 19.0%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	18.9	n/a	Cons. · IFRS
FYE Mar 2018	17.8	−1.2pp	Cons. · IFRS
FYE Mar 2019	17.5	−0.2pp	Cons. · IFRS
FYE Mar 2020	18.7	+1.2pp	Cons. · IFRS
FYE Mar 2021	19.8	+1.1pp	Cons. · IFRS
FYE Mar 2022	18.2	−1.6pp	Cons. · IFRS
FYE Mar 2023	19.1	+0.9pp	Cons. · IFRS
FYE Mar 2024	19.0	−0.1pp	Cons. · IFRS
FYE Mar 2025	20.7	+1.7pp	Cons. · IFRS
FYE Mar 2026	20.2	−0.4pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥1.86tn

CAGR · 10 yrs +7.0%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,012	n/a	Cons. · IFRS
FYE Mar 2018	1,090	+7.7%	Cons. · IFRS
FYE Mar 2019	1,185	+8.8%	Cons. · IFRS
FYE Mar 2020	1,168	−1.5%	Cons. · IFRS
FYE Mar 2021	1,220	+4.5%	Cons. · IFRS
FYE Mar 2022	1,410	+15.5%	Cons. · IFRS
FYE Mar 2023	1,627	+15.4%	Cons. · IFRS
FYE Mar 2024	1,836	+12.8%	Cons. · IFRS
FYE Mar 2025	1,791	−2.4%	Cons. · IFRS
FYE Mar 2026	1,857	+3.7%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥845bn

CAGR · 10 yrs +8.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	400	n/a	Cons. · IFRS
FYE Mar 2018	392	−1.9%	Cons. · IFRS
FYE Mar 2019	430	+9.7%	Cons. · IFRS
FYE Mar 2020	422	−1.9%	Cons. · IFRS
FYE Mar 2021	459	+8.7%	Cons. · IFRS
FYE Mar 2022	555	+21.1%	Cons. · IFRS
FYE Mar 2023	619	+11.5%	Cons. · IFRS
FYE Mar 2024	712	+15.1%	Cons. · IFRS
FYE Mar 2025	761	+6.8%	Cons. · IFRS
FYE Mar 2026	845	+11.0%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥498bn

CAGR · 10 yrs +8.0%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Mar 2017	249	n/a	Cons. · IFRS
FYE Mar 2018	231	−7.3%	Cons. · IFRS
FYE Mar 2019	305	+32.1%	Cons. · IFRS
FYE Mar 2020	339	+11.2%	Cons. · IFRS
FYE Mar 2021	329	−2.8%	Cons. · IFRS
FYE Mar 2022	353	+7.2%	Cons. · IFRS
FYE Mar 2023	507	+43.7%	Cons. · IFRS
FYE Mar 2024	576	+13.4%	Cons. · IFRS
FYE Mar 2025	538	−6.6%	Cons. · IFRS
FYE Mar 2026	498	−7.5%	Cons. · IFRS

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Mar 2026 ¥316bn

CAGR · 10 yrs +8.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	154	n/a	Cons. · IFRS
FYE Mar 2018	69.9	−54.6%	Cons. · IFRS
FYE Mar 2019	186	+165.6%	Cons. · IFRS
FYE Mar 2020	160	−13.6%	Cons. · IFRS
FYE Mar 2021	150	−6.3%	Cons. · IFRS
FYE Mar 2022	174	+16.0%	Cons. · IFRS
FYE Mar 2023	311	+78.4%	Cons. · IFRS
FYE Mar 2024	396	+27.5%	Cons. · IFRS
FYE Mar 2025	327	−17.6%	Cons. · IFRS
FYE Mar 2026	316	−3.2%	Cons. · IFRS

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥181bn

CAGR · 10 yrs +7.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Mar 2017	94.8	n/a	Cons. · IFRS
FYE Mar 2018	161	+69.6%	Cons. · IFRS
FYE Mar 2019	119	−25.9%	Cons. · IFRS
FYE Mar 2020	178	+49.8%	Cons. · IFRS
FYE Mar 2021	179	+0.4%	Cons. · IFRS
FYE Mar 2022	179	−0.3%	Cons. · IFRS
FYE Mar 2023	197	+9.9%	Cons. · IFRS
FYE Mar 2024	179	−8.8%	Cons. · IFRS
FYE Mar 2025	211	+17.8%	Cons. · IFRS
FYE Mar 2026	181	−14.1%	Cons. · IFRS

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥49bn

CAGR · 9 yrs +3.3%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	37.7	n/a	Cons. · IFRS
FYE Mar 2019	42.1	+11.5%	Cons. · IFRS
FYE Mar 2020	37.9	−10.0%	Cons. · IFRS
FYE Mar 2021	40.6	+7.2%	Cons. · IFRS
FYE Mar 2022	42.0	+3.5%	Cons. · IFRS
FYE Mar 2023	39.7	−5.5%	Cons. · IFRS
FYE Mar 2024	43.6	+9.9%	Cons. · IFRS
FYE Mar 2025	46.7	+7.0%	Cons. · IFRS
FYE Mar 2026	49.1	+5.0%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Mar 2026 ¥64bn

CAGR · 10 yrs +1.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	57.1	n/a	Cons. · IFRS
FYE Mar 2018	35.0	−38.7%	Cons. · IFRS
FYE Mar 2019	34.6	−1.3%	Cons. · IFRS
FYE Mar 2020	30.5	−11.6%	Cons. · IFRS
FYE Mar 2021	35.4	+15.9%	Cons. · IFRS
FYE Mar 2022	39.1	+10.4%	Cons. · IFRS
FYE Mar 2023	40.4	+3.5%	Cons. · IFRS
FYE Mar 2024	58.3	+44.2%	Cons. · IFRS
FYE Mar 2025	58.5	+0.5%	Cons. · IFRS
FYE Mar 2026	63.8	+9.0%	Cons. · IFRS

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 45.5%

Average · 10 yrs 39.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	39.5	n/a	Cons. · IFRS
FYE Mar 2018	36.0	−3.5pp	Cons. · IFRS
FYE Mar 2019	36.3	+0.3pp	Cons. · IFRS
FYE Mar 2020	36.1	−0.2pp	Cons. · IFRS
FYE Mar 2021	37.6	+1.5pp	Cons. · IFRS
FYE Mar 2022	39.4	+1.8pp	Cons. · IFRS
FYE Mar 2023	38.0	−1.4pp	Cons. · IFRS
FYE Mar 2024	38.8	+0.8pp	Cons. · IFRS
FYE Mar 2025	42.5	+3.7pp	Cons. · IFRS
FYE Mar 2026	45.5	+3.0pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 58.9%

Average · 10 yrs 70.0%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Mar 2017	62.2	n/a	Cons. · IFRS
FYE Mar 2018	58.8	−3.4pp	Cons. · IFRS
FYE Mar 2019	70.9	+12.0pp	Cons. · IFRS
FYE Mar 2020	80.3	+9.5pp	Cons. · IFRS
FYE Mar 2021	71.8	−8.5pp	Cons. · IFRS
FYE Mar 2022	63.6	−8.2pp	Cons. · IFRS
FYE Mar 2023	82.0	+18.4pp	Cons. · IFRS
FYE Mar 2024	80.8	−1.2pp	Cons. · IFRS
FYE Mar 2025	70.7	−10.1pp	Cons. · IFRS
FYE Mar 2026	58.9	−11.8pp	Cons. · IFRS

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 8.7%

Average · 10 yrs 10.3%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	2.0	n/a	Cons. · IFRS
FYE Mar 2018	15.3	+13.3pp	Cons. · IFRS
FYE Mar 2019	15.9	+0.6pp	Cons. · IFRS
FYE Mar 2020	9.8	−6.2pp	Cons. · IFRS
FYE Mar 2021	2.3	−7.5pp	Cons. · IFRS
FYE Mar 2022	13.7	+11.4pp	Cons. · IFRS
FYE Mar 2023	11.3	−2.3pp	Cons. · IFRS
FYE Mar 2024	13.1	+1.8pp	Cons. · IFRS
FYE Mar 2025	10.7	−2.4pp	Cons. · IFRS
FYE Mar 2026	8.7	−2.0pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Mar 2026 3.9%

Average · 10 yrs 4.0%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	0.8	n/a	Cons. · IFRS
FYE Mar 2018	5.5	+4.7pp	Cons. · IFRS
FYE Mar 2019	5.8	+0.3pp	Cons. · IFRS
FYE Mar 2020	3.5	−2.3pp	Cons. · IFRS
FYE Mar 2021	0.8	−2.7pp	Cons. · IFRS
FYE Mar 2022	5.4	+4.5pp	Cons. · IFRS
FYE Mar 2023	4.3	−1.1pp	Cons. · IFRS
FYE Mar 2024	5.1	+0.8pp	Cons. · IFRS
FYE Mar 2025	4.5	−0.5pp	Cons. · IFRS
FYE Mar 2026	3.9	−0.6pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.76×

CAGR · 10 yrs +0.2%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.74	n/a	Cons. · IFRS
FYE Mar 2018	0.88	+18.2%	Cons. · IFRS
FYE Mar 2019	0.87	−0.9%	Cons. · IFRS
FYE Mar 2020	0.80	−8.5%	Cons. · IFRS
FYE Mar 2021	0.67	−16.4%	Cons. · IFRS
FYE Mar 2022	0.73	+9.1%	Cons. · IFRS
FYE Mar 2023	0.78	+6.9%	Cons. · IFRS
FYE Mar 2024	0.77	−1.5%	Cons. · IFRS
FYE Mar 2025	0.77	−0.0%	Cons. · IFRS
FYE Mar 2026	0.76	−1.2%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥164bn

CAGR · 10 yrs +7.2%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	88.0	n/a	Cons. · IFRS
FYE Mar 2018	84.5	−3.9%	Cons. · IFRS
FYE Mar 2019	-25.7	−130.4%	Cons. · IFRS
FYE Mar 2020	22.7	n/a	Cons. · IFRS
FYE Mar 2021	91.3	+302.7%	Cons. · IFRS
FYE Mar 2022	39.3	−57.0%	Cons. · IFRS
FYE Mar 2023	-26.1	−166.5%	Cons. · IFRS
FYE Mar 2024	73.0	n/a	Cons. · IFRS
FYE Mar 2025	144	+97.1%	Cons. · IFRS
FYE Mar 2026	164	+14.1%	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥47bn

Average · 10 yrs -¥40bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-74.6	n/a	Cons. · IFRS
FYE Mar 2018	-37.6	n/a	Cons. · IFRS
FYE Mar 2019	-30.3	n/a	Cons. · IFRS
FYE Mar 2020	-34.7	n/a	Cons. · IFRS
FYE Mar 2021	-32.3	n/a	Cons. · IFRS
FYE Mar 2022	-6.9	n/a	Cons. · IFRS
FYE Mar 2023	-42.6	n/a	Cons. · IFRS
FYE Mar 2024	-39.0	n/a	Cons. · IFRS
FYE Mar 2025	-52.8	n/a	Cons. · IFRS
FYE Mar 2026	-46.7	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥136bn

Average · 10 yrs -¥22bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-25.8	n/a	Cons. · IFRS
FYE Mar 2018	-30.5	n/a	Cons. · IFRS
FYE Mar 2019	43.9	n/a	Cons. · IFRS
FYE Mar 2020	11.0	−75.0%	Cons. · IFRS
FYE Mar 2021	-46.0	−518.5%	Cons. · IFRS
FYE Mar 2022	-25.6	n/a	Cons. · IFRS
FYE Mar 2023	87.1	n/a	Cons. · IFRS
FYE Mar 2024	-8.9	−110.2%	Cons. · IFRS
FYE Mar 2025	-85.4	n/a	Cons. · IFRS
FYE Mar 2026	-136	n/a	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥141bn

CAGR · 10 yrs +8.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	65.5	n/a	Cons. · IFRS
FYE Mar 2018	81.9	+25.2%	Cons. · IFRS
FYE Mar 2019	67.3	−17.8%	Cons. · IFRS
FYE Mar 2020	62.2	−7.7%	Cons. · IFRS
FYE Mar 2021	80.3	+29.2%	Cons. · IFRS
FYE Mar 2022	94.3	+17.3%	Cons. · IFRS
FYE Mar 2023	112	+18.8%	Cons. · IFRS
FYE Mar 2024	144	+28.2%	Cons. · IFRS
FYE Mar 2025	147	+2.5%	Cons. · IFRS
FYE Mar 2026	141	−3.9%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 ¥117bn

CAGR · 10 yrs +27.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	13.4	n/a	Cons. · IFRS
FYE Mar 2018	47.0	+251.8%	Cons. · IFRS
FYE Mar 2019	-56.0	−219.3%	Cons. · IFRS
FYE Mar 2020	-12.1	n/a	Cons. · IFRS
FYE Mar 2021	59.1	n/a	Cons. · IFRS
FYE Mar 2022	32.5	−45.0%	Cons. · IFRS
FYE Mar 2023	-68.8	−311.9%	Cons. · IFRS
FYE Mar 2024	34.0	n/a	Cons. · IFRS
FYE Mar 2025	91.1	+167.9%	Cons. · IFRS
FYE Mar 2026	117	+29.0%	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 11.7%

Average · 10 yrs 6.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	11.7	n/a	Cons. · IFRS
FYE Mar 2018	8.8	−2.9pp	Cons. · IFRS
FYE Mar 2019	-2.5	−11.3pp	Cons. · IFRS
FYE Mar 2020	2.4	+4.9pp	Cons. · IFRS
FYE Mar 2021	11.2	+8.8pp	Cons. · IFRS
FYE Mar 2022	3.8	−7.4pp	Cons. · IFRS
FYE Mar 2023	-2.1	−5.9pp	Cons. · IFRS
FYE Mar 2024	5.2	+7.3pp	Cons. · IFRS
FYE Mar 2025	10.5	+5.3pp	Cons. · IFRS
FYE Mar 2026	11.7	+1.2pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Mar 2026 -¥356bn

Average · 10 yrs -¥293bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Mar 2017	-183	n/a	Cons. · IFRS
FYE Mar 2018	-149	n/a	Cons. · IFRS
FYE Mar 2019	-237	n/a	Cons. · IFRS
FYE Mar 2020	-277	n/a	Cons. · IFRS
FYE Mar 2021	-249	n/a	Cons. · IFRS
FYE Mar 2022	-259	n/a	Cons. · IFRS
FYE Mar 2023	-395	n/a	Cons. · IFRS
FYE Mar 2024	-432	n/a	Cons. · IFRS
FYE Mar 2025	-391	n/a	Cons. · IFRS
FYE Mar 2026	-356	n/a	Cons. · IFRS

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥1.13tn

Change · 10 yrs +¥537bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	597	n/a
FYE Mar 2018	883	n/a
FYE Mar 2019	632	n/a
FYE Mar 2020	471	n/a
FYE Mar 2021	763	n/a
FYE Mar 2022	687	n/a
FYE Mar 2023	662	n/a
FYE Mar 2024	972	n/a
FYE Mar 2025	849	n/a
FYE Mar 2026	1,134	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 5,271¥

Change · 10 yrs +2,496¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	2,775	n/a
FYE Mar 2018	4,105	n/a
FYE Mar 2019	2,936	n/a
FYE Mar 2020	2,190	n/a
FYE Mar 2021	3,545	n/a
FYE Mar 2022	3,195	n/a
FYE Mar 2023	3,076	n/a
FYE Mar 2024	4,518	n/a
FYE Mar 2025	3,947	n/a
FYE Mar 2026	5,271	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 215,115,038shares

Change · 10 yrs −0 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	215,115,038	Parent
FYE Mar 2018	215,115,038	Parent
FYE Mar 2019	215,115,038	Parent
FYE Mar 2020	215,115,038	Parent
FYE Mar 2021	215,115,038	Parent
FYE Mar 2022	215,115,038	Parent
FYE Mar 2023	215,115,038	Parent
FYE Mar 2024	215,115,038	Parent
FYE Mar 2025	215,115,038	Parent
FYE Mar 2026	215,115,038	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 344.06¥

Change · 10 yrs +306.34¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	37.72	Cons.
FYE Mar 2018	282.16	Cons.
FYE Mar 2019	322.31	Cons.
FYE Mar 2020	193.61	Cons.
FYE Mar 2021	48.62	Cons.
FYE Mar 2022	356.57	Cons.
FYE Mar 2023	330.00	Cons.
FYE Mar 2024	438.68	Cons.
FYE Mar 2025	382.83	Cons.
FYE Mar 2026	344.06	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 3,926.56¥

Change · 10 yrs +2,068.86¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	1,857.70	Cons. · IFRS
FYE Mar 2018	1,822.16	Cons. · IFRS
FYE Mar 2019	1,999.64	Cons. · IFRS
FYE Mar 2020	1,961.57	Cons. · IFRS
FYE Mar 2021	2,132.11	Cons. · IFRS
FYE Mar 2022	2,581.34	Cons. · IFRS
FYE Mar 2023	2,877.27	Cons. · IFRS
FYE Mar 2024	3,311.47	Cons. · IFRS
FYE Mar 2025	3,536.35	Cons. · IFRS
FYE Mar 2026	3,926.56	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 15.32×

Average · 10 yrs 23.57×

Fiscal year	PER ×	Basis
FYE Mar 2017	73.57	Cons.
FYE Mar 2018	14.55	Cons.
FYE Mar 2019	9.11	Cons.
FYE Mar 2020	11.31	Cons.
FYE Mar 2021	72.91	Cons.
FYE Mar 2022	8.96	Cons.
FYE Mar 2023	9.32	Cons.
FYE Mar 2024	10.30	Cons.
FYE Mar 2025	10.31	Cons.
FYE Mar 2026	15.32	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 1.25×

Average · 10 yrs 1.28×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.48	Cons.
FYE Mar 2018	1.95	Cons.
FYE Mar 2019	1.28	Cons.
FYE Mar 2020	0.98	Cons.
FYE Mar 2021	1.47	Cons.
FYE Mar 2022	1.11	Cons.
FYE Mar 2023	0.99	Cons.
FYE Mar 2024	1.26	Cons.
FYE Mar 2025	1.04	Cons.
FYE Mar 2026	1.25	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 25,304people

Change · 10 yrs +1,446 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	23,858	n/a	Cons.
FYE Mar 2018	23,925	+0.3%	Cons.
FYE Mar 2019	24,591	+2.8%	Cons.
FYE Mar 2020	25,248	+2.7%	Cons.
FYE Mar 2021	24,873	−1.5%	Cons.
FYE Mar 2022	24,987	+0.5%	Cons.
FYE Mar 2023	25,430	+1.8%	Cons.
FYE Mar 2024	26,230	+3.1%	Cons.
FYE Mar 2025	26,101	−0.5%	Cons.
FYE Mar 2026	25,304	−3.1%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 5,926people

Change · 10 yrs +1,941 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	3,985	n/a	Parent
FYE Mar 2018	4,072	+2.2%	Parent
FYE Mar 2019	4,341	+6.6%	Parent
FYE Mar 2020	5,527	+27.3%	Parent
FYE Mar 2021	5,455	−1.3%	Parent
FYE Mar 2022	5,496	+0.8%	Parent
FYE Mar 2023	5,621	+2.3%	Parent
FYE Mar 2024	5,862	+4.3%	Parent
FYE Mar 2025	5,991	+2.2%	Parent
FYE Mar 2026	5,926	−1.1%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 774万円

Change · 10 yrs +154万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	621	n/a	Parent
FYE Mar 2018	643	+3.5%	Parent
FYE Mar 2019	730	+13.6%	Parent
FYE Mar 2020	728	−0.2%	Parent
FYE Mar 2021	703	−3.5%	Parent
FYE Mar 2022	717	+2.0%	Parent
FYE Mar 2023	741	+3.3%	Parent
FYE Mar 2024	762	+2.8%	Parent
FYE Mar 2025	774	+1.6%	Parent
FYE Mar 2026	774	−0.0%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 41.1years

Change · 8 yrs +2.3 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	38.8	n/a	Parent
FYE Mar 2020	39.1	+0.8%	Parent
FYE Mar 2021	39.9	+2.0%	Parent
FYE Mar 2022	39.9	−0.0%	Parent
FYE Mar 2023	40.1	+0.5%	Parent
FYE Mar 2024	40.3	+0.5%	Parent
FYE Mar 2025	40.4	+0.2%	Parent
FYE Mar 2026	41.1	+1.7%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 15.2years

Change · 10 yrs +1.4 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	13.8	n/a	Parent
FYE Mar 2018	14.4	+4.3%	Parent
FYE Mar 2019	15.1	+4.9%	Parent
FYE Mar 2020	14.1	−6.6%	Parent
FYE Mar 2021	15.5	+9.9%	Parent
FYE Mar 2022	15.6	+0.6%	Parent
FYE Mar 2023	15.5	−0.6%	Parent
FYE Mar 2024	15.4	−0.6%	Parent
FYE Mar 2025	15.5	+0.6%	Parent
FYE Mar 2026	15.2	−1.9%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 4,500people

Change · 10 yrs +2,116 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	2,384	n/a	n/a
FYE Mar 2018	2,167	−9.1%	n/a
FYE Mar 2019	2,527	+16.6%	n/a
FYE Mar 2020	2,322	−8.1%	n/a
FYE Mar 2021	1,963	−15.5%	n/a
FYE Mar 2022	2,142	+9.1%	n/a
FYE Mar 2023	2,267	+5.8%	n/a
FYE Mar 2024	2,394	+5.6%	n/a
FYE Mar 2025	2,205	−7.9%	n/a
FYE Mar 2026	4,500	+104.1%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥55.5m

Change · 10 yrs +¥23.9m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	31.6	n/a	Cons.
FYE Mar 2018	40.1	+26.9%	Cons.
FYE Mar 2019	42.0	+4.9%	Cons.
FYE Mar 2020	36.9	−12.2%	Cons.
FYE Mar 2021	32.7	−11.4%	Cons.
FYE Mar 2022	41.0	+25.4%	Cons.
FYE Mar 2023	49.7	+21.3%	Cons.
FYE Mar 2024	53.6	+7.8%	Cons.
FYE Mar 2025	52.5	−2.0%	Cons.
FYE Mar 2026	55.5	+5.7%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥5.1m

Change · 10 yrs +¥4.2m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	1.0	n/a	Cons.
FYE Mar 2018	4.0	+304.2%	Cons.
FYE Mar 2019	4.2	+4.0%	Cons.
FYE Mar 2020	2.9	−30.6%	Cons.
FYE Mar 2021	1.1	−60.7%	Cons.
FYE Mar 2022	4.3	+275.8%	Cons.
FYE Mar 2023	5.3	+25.1%	Cons.
FYE Mar 2024	6.2	+16.3%	Cons.
FYE Mar 2025	5.9	−4.4%	Cons.
FYE Mar 2026	5.1	−13.2%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Hitachi Construction Machinery’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/6305/company.json ·/api/6305/history.json ·/api/6305/ceo.json ·/api/6305/financials.json ·/api/6305/financials/segment.json ·/api/6305/financials/pl.json ·/api/6305/financials/cf.json ·/api/6305/financials/bs.json ·/api/6305/financials/employee.json ·/api/6305/financials/stock.json ·/api/6305/financials.csv ·/api/6305/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json