{"slug":"hitachi","name":"히타치","name_en":"Hitachi","ticker":"6501.T","updated_at":"2026-07-12T03:56:55.406529+00:00","canonical":"https://valuechain.wiki/hitachi","citable":"밸류체인 그래프 기준 히타치의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 0·투자 2)이고, 사슬을 2차까지 넓히면 2곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Hitachi is directly linked to 2 companies (0 supply, 0 revenue, 2 investment relationships) and reaches 2 companies within two hops; the links are backed by 8 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"닛케이 225 · 전력망·디지털 인프라","kicker_en":"Nikkei 225 · grid & digital infrastructure","lead":"종합전기 대기업에서 '전력망+디지털 인프라' 회사로 스스로를 재편한 히타치의 핵심은 히타치에너지다 — 변압기·HVDC 세계 선두라는 위치가 AI 데이터센터·재생에너지 전력망 증설의 병목을 그대로 차지한다. FY2025 연결매출 10조5,867억엔(+8%)·조정EBITA 1조3,114억엔(마진 12.4%)로 사상 최대인데, 성장의 질을 결정하는 건 매출보다 **수주잔고 약 579억달러** — 향후 수년 매출이 사실상 선확정됐다는 뜻이고, 캐파(변압기 생산능력)가 오더가 아니라 진짜 제약이 된 국면이다. Lumada·생성형AI가 디지털 마진을 사상 최고로 끌어올리며, 컨센서스가 매수(JP모건 FY2026까지 조정영업익 CAGR 약 18%)인 이유가 여기 있다.","lead_en":"Hitachi reinvented itself from a sprawling conglomerate into a 'grid + digital infrastructure' company, and Hitachi Energy is the core — its lead in transformers and HVDC sits squarely on the bottleneck of the AI-data-center and renewables grid buildout. FY2025 was a record — revenue ¥10,586.7bn (+8%), Adjusted EBITA ¥1,311.4bn (12.4% margin) — but what defines the quality of growth isn't sales, it's an **order backlog of ~$57.9bn**: years of revenue effectively pre-booked, with transformer capacity, not orders, now the real constraint. Lumada and generative AI lifted digital margins to record highs — the reason the consensus is Buy (JPMorgan sees ~18% adjusted-operating-profit CAGR through FY2026).","segments":{"fy":2025,"parts":[{"desc":"매출 3조2,008억엔(+23%)·조정EBITA 4,160억엔. 성장률이 아니라 수주잔고 약 579억달러가 핵심 — 데이터센터·재생에너지·노후 송전 교체가 겹쳐 변압기·HVDC 수요가 캐파를 초과하는 판매자 우위 시장. FY2026 +15% 가이던스도 이 잔고 실행의 초입.","name":"에너지 (히타치에너지)"},{"desc":"매출 2조7,566억엔·조정EBITA 4,501억엔(마진 사상 최고). 일본 DX·모더나이제이션 수요를 Lumada(데이터·AI)와 생성형AI로 고부가화하며, 하드웨어 사이클이 아니라 소프트웨어·서비스 반복매출로 마진을 끌어올린 부문.","name":"디지털시스템&서비스 (Lumada)"},{"desc":"매출 3조8억엔·조정EBITA 3,674억엔. 빌딩시스템(엘리베이터)·계측장비(히타치 하이테크)·산업디지털·가전. 반도체용 계측은 팹 투자 사이클을, 빌딩은 도시 인프라 수요를 각각 탄다.","name":"커넥티브 인더스트리즈"},{"desc":"매출 1조3,206억엔. Thales GTS(철도신호) 인수로 Rail Control을 수직 통합 — 차량 제조를 넘어 신호·운영 소프트웨어까지 확보해 철도 사업의 반복매출·마진 기반을 넓혔다.","name":"모빌리티 (철도)"}],"total":"10조5,867억엔 (FY2025 연결매출, +8%) — 조정EBITA 1조3,114억엔·마진 12.4%로 사상 최대, 성장 동력은 에너지·디지털 두 축","source":"히타치 FY2025 결산 (2026-04-27, 2026-03-31 종료)"},"segments_en":{"fy":2025,"parts":[{"desc":"Revenue ¥3,200.8bn (+23%), Adj. EBITA ¥416.0bn. The key isn't the growth rate but a ~$57.9bn order backlog — data centers, renewables and aging-transmission replacement together push transformer/HVDC demand past capacity, a sellers' market. FY2026's +15% guidance is just the start of executing that backlog.","name":"Energy (Hitachi Energy)"},{"desc":"Revenue ¥2,756.6bn, Adj. EBITA ¥450.1bn (record margin). It turns Japanese DX/modernization demand into higher value via Lumada (data & AI) and generative AI, lifting margins through software/service recurring revenue rather than a hardware cycle.","name":"Digital Systems & Services (Lumada)"},{"desc":"Revenue ¥3,000.8bn, Adj. EBITA ¥367.4bn. Building systems (elevators), measurement/analysis (Hitachi High-Tech), industrial digital and appliances. Semiconductor measurement rides the fab-capex cycle; buildings ride urban-infrastructure demand.","name":"Connective Industries"},{"desc":"Revenue ¥1,320.6bn. The Thales GTS (signaling) acquisition vertically integrated Rail Control — moving beyond building trains to owning signaling and operations software, widening rail's recurring-revenue and margin base.","name":"Mobility (Rail)"}],"total":"¥10,586.7bn (FY2025 consolidated revenue, +8%) — record Adjusted EBITA ¥1,311.4bn at a 12.4% margin, with Energy and Digital the twin engines","source":"Hitachi FY2025 Financial Results (2026-04-27, ended March 31, 2026)"},"returns_yearly":{"2021":40.6,"2022":16.7,"2023":75.4,"2024":71.1,"2025":37.5,"2026":-11.8},"return_asof":"2026-07-10","value_chain":{"leading":[],"benefiting":[{"slug":"hitachi-construction-machinery","name":"히타치건설기계","name_en":"Hitachi Construction Machinery","tier":1,"returns_yearly":{"2021":-3.3,"2022":9.6,"2023":44.5,"2024":-9,"2025":41.3,"2026":5.8}},{"slug":"hitachi-hightech","name":"히타치 하이테크","name_en":"Hitachi High-Tech","tier":1,"returns_yearly":null}],"analysis":"투자 논점은 '전력망 슈퍼사이클의 승자'라는 재평가다. 히타치의 강점은 매출 성장이 아니라 가시성 — 히타치에너지 수주잔고 약 579억달러가 향후 수년 에너지 매출을 선확정했고(FY2025 +23%, FY2026 +15% 가이던스), 변압기 캐파가 병목이라 가격·마진이 공급자 우위에 있다. 여기에 Lumada·생성형AI가 디지털 마진을 사상 최고로 올리며 두 성장축이 동시에 도는 구조라, 컨센서스가 매수(JP모건 FY2026까지 조정영업익 CAGR 약 18%)다. 리스크는 종합전기의 컹글로머릿 할인과 캐파 증설 실행 속도이며, 그래프상 파급은 100% 자회사 히타치 하이테크(반도체 계측)와 LS일렉트릭 등 변압기 밸류체인으로 이어져 전력·반도체 두 사이클에 동시에 노출된다.","analysis_en":"The thesis is a re-rating as 'the winner of the power-grid supercycle.' Hitachi's edge is visibility, not sales growth — Hitachi Energy's ~$57.9bn backlog pre-books years of Energy revenue (FY2025 +23%, FY2026 guided +15%), and with transformer capacity the bottleneck, pricing and margin sit with the supplier. Add Lumada and generative AI lifting digital margins to record highs, and both growth engines turn at once — hence the Buy consensus (JPMorgan ~18% adjusted-operating-profit CAGR through FY2026). The risks are the conglomerate discount and the pace of capacity expansion; the graph ripple runs through wholly-owned Hitachi High-Tech (semiconductor measurement) and the transformer value chain (e.g. LS Electric), exposing it to the power and semiconductor cycles at once.","analysis_asof":"2026-04-27"},"edges":[{"direction":"investment","counterparty":"JCH (히타치 40% 출자 공조 합작, 2025 보쉬 매각으로 청산)","counterparty_slug":null,"confidence":"high","metric":{"exited":true,"hitachi_stake_pct":40},"note":"히타치가 40%를 보유했던 존슨컨트롤스-히타치 에어컨 합작(JCH) — 2025년 7월 JCI 지분과 함께 보쉬에 매각돼 히타치도 에어컨 합작에서 발을 뺐다.","note_en":"The Johnson Controls-Hitachi Air Conditioning JV (JCH) in which Hitachi held 40% — sold to Bosch alongside JCI's stake in July 2025, exiting Hitachi from the AC joint venture too.","sources":[{"stance":"confirms","publisher":"HPAC Magazine","publisher_en":"HPAC Magazine","kind":"news","lang":"en","published_at":"2025-08-01","url":"https://www.hpacmag.com/heating-plumbing-air-conditioning-general/bosch-completes-acquisition-of-johnson-controls-hvac-business/1004145415/","title":"보쉬, 존슨컨트롤스 HVAC 사업·히타치 JV 인수 완료($81억)","title_en":"Bosch completes $8.1B acquisition of Johnson Controls' HVAC business and Hitachi JV","excerpt":"존슨컨트롤스-히타치 에어컨 합작(히타치 40%)이 보쉬에 매각됨.","excerpt_en":"The Johnson Controls-Hitachi Air Conditioning JV (Hitachi 40%) was sold to Bosch."}]},{"direction":"investment","counterparty":"히타치 하이테크","counterparty_slug":"hitachi-hightech","confidence":"high","metric":{"since":"2020","stake_pct":100},"note":"그래프를 반도체 사이클로 잇는 100% 자회사 — 히타치는 2020년 공개매수(주당 8,000엔·약 5,311억엔)로 히타치 하이테크를 완전자회사화·상장폐지했고, 계측·분석 사업은 커넥티브 인더스트리즈로 편입된다. 이 지분은 단순 투자처가 아니라, 전력망(에너지)에 편중된 히타치의 성장 노출을 반도체 팹 투자 사이클로 확장하는 구조적 연결고리다.","note_en":"The wholly-owned subsidiary that links the graph to the semiconductor cycle — Hitachi took Hitachi High-Tech fully private via a 2020 tender offer (¥8,000/share, ~¥531.1bn) and delisted it, folding its measurement/analysis business into Connective Industries. The stake is not a mere investment but a structural link that broadens Hitachi's growth exposure from power grids into the semiconductor fab-capex cycle.","sources":[{"stance":"mentions","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"Hitachi High-Tech (Measurement & Analysis Systems) is reported within the Connective Industries segment.","excerpt_en":"Hitachi High-Tech (Measurement & Analysis Systems) is reported within the Connective Industries segment."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi, Ltd.","kind":"news","lang":"en","published_at":"2020-02-14","url":"https://www.hitachi.com/en/press/articles/2020/02/0214/","title":"히타치, 히타치 하이테크 공개매수(TOB)로 완전자회사화(상장폐지)","title_en":"Hitachi commences tender offer for Hitachi High-Tech shares, taking it wholly owned (delisting)","excerpt":"히타치가 히타치 하이테크를 TOB로 완전자회사화, 도쿄증시 상장폐지.","excerpt_en":"Hitachi takes Hitachi High-Tech wholly owned via tender offer; delisted from TSE."}]},{"direction":"revenue","counterparty":"산업·공공 IT 고객 (디지털시스템&서비스·Lumada)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"dss_rev_jpy_bn":2756.6,"dss_adj_ebita_jpy_bn":450.1},"note":"디지털시스템&서비스 부문 매출 2조7,566억엔(FY2025)·조정EBITA 4,501억엔(마진 사상 최고). 일본 DX·모더나이제이션 수요와 Lumada(데이터·AI) 확장이 성장 동력. 생성형 AI 접목으로 서비스 고도화.","note_en":"Digital Systems & Services revenue ¥2,756.6bn (FY2025), Adj. EBITA ¥450.1bn (record margin). Driven by Japanese DX/modernization demand and Lumada (data & AI) expansion, with generative-AI-enhanced services.","sources":[{"stance":"mentions","publisher":"증권가 컨센서스(JP모건 등)","publisher_en":"Analyst consensus incl. JPMorgan (via MarketScreener)","kind":"research","lang":"en","published_at":"2026-05-01","url":"https://www.marketscreener.com/quote/stock/HITACHI-LTD-6492458/consensus/","title":"히타치 증권가 컨센서스: 매수, 목표주가 평균 약 5,986엔","title_en":"Hitachi analyst consensus: Buy, avg PT ~¥5,986; JPMorgan sees ~18% adj. operating-profit CAGR through FY2026 on power T&D and Lumada/genAI","excerpt":"JP모건: 송배전·Lumada/생성형AI로 FY2026까지 조정영업익 CAGR 약 18% 전망(매수 컨센서스).","excerpt_en":"JPMorgan: ~18% adj. operating-profit CAGR through FY2026 on power T&D and Lumada/genAI (Buy consensus)."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"Digital Systems & Services: revenues from external customers 2,756,551 million yen; segment profit 450,059 million yen (FY2025).","excerpt_en":"Digital Systems & Services: revenues from external customers 2,756,551 million yen; segment profit 450,059 million yen (FY2025)."}]},{"direction":"revenue","counterparty":"산업·빌딩·철도 고객 (커넥티브·모빌리티)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"ci_rev_jpy_bn":3000.8,"ci_adj_ebita_jpy_bn":367.4,"mobility_rev_jpy_bn":1320.6},"note":"커넥티브 인더스트리즈 매출 3조8억엔(FY2025)·조정EBITA 3,674억엔 — 빌딩시스템(엘리베이터)·계측장비(히타치 하이테크)·산업디지털·가전(히타치 GLS). 모빌리티(철도) 매출 1조3,206억엔은 Thales GTS(철도신호) 인수로 확대.","note_en":"Connective Industries revenue ¥3,000.8bn (FY2025), Adj. EBITA ¥367.4bn — building systems (elevators), measurement/analysis (Hitachi High-Tech), industrial digital and home appliances (Hitachi GLS). Mobility (rail) revenue ¥1,320.6bn, expanded via the Thales GTS (rail signaling) acquisition.","sources":[{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"Connective Industries external revenues 3,000,760; Mobility external revenues 1,320,631 million yen (FY2025).","excerpt_en":"Connective Industries external revenues 3,000,760; Mobility external revenues 1,320,631 million yen (FY2025)."}]},{"direction":"revenue","counterparty":"전력사·하이퍼스케일러 (히타치에너지 그리드)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"energy_rev_jpy_bn":3200.8,"order_backlog_usd_bn":57.9,"energy_adj_ebita_jpy_bn":416},"note":"히타치의 성장을 좌우하는 병목 자산 — 에너지 매출 3조2,008억엔(+23%)의 원천은 히타치에너지의 변압기·HVDC 세계 1위 지위다. 데이터센터·재생에너지·노후 송전 교체가 동시에 몰리며 수주잔고가 약 579억달러로 부풀어, 오더가 아니라 생산능력이 제약이 된 공급자 우위 시장. 유럽·북미 공장 변압기가 AI 인프라 전력망에 직결돼, 이 엣지가 곧 전력망 슈퍼사이클에 대한 히타치의 직접 노출이다.","note_en":"The bottleneck asset that drives Hitachi's growth — the ¥3,200.8bn (+23%) Energy revenue springs from Hitachi Energy's #1 position in transformers and HVDC. Data centers, renewables and aging-transmission replacement converged to swell the order backlog to ~$57.9bn, making capacity, not orders, the constraint — a sellers' market. European and North American transformers feed AI-infrastructure grids directly, making this edge Hitachi's direct exposure to the power-grid supercycle.","sources":[{"stance":"confirms","publisher":"Hitachi Energy","publisher_en":"Hitachi Energy","kind":"ir","lang":"en","published_at":"2026-06-01","url":"https://www.hitachienergy.com/news-and-events/features/2026/06/from-europe-factories-to-the-world-digital-backbone-european-made-transformers-power-critical-ai-infrastructure","title":"유럽산 변압기가 AI 인프라를 떠받친다 (히타치에너지)","title_en":"European-made transformers power critical AI infrastructure","excerpt":"European-made transformers power critical AI infrastructure.","excerpt_en":"European-made transformers power critical AI infrastructure."},{"stance":"confirms","publisher":"인베스팅닷컴","publisher_en":"Investing.com (KR)","kind":"news","lang":"ko","published_at":"2026-04-28","url":"https://kr.investing.com/news/company-news/article-93CH-1913755","title":"히타치 2025 회계연도 사상 최대 실적: 에너지 수요 급증·디지털 성장","title_en":"Hitachi posts record FY2025 results on surging energy demand and digital growth","excerpt":"에너지 부문 신규 수주 328억달러, 수주잔고 579억달러; 매출 15% 성장 전망.","excerpt_en":"Energy new orders $32.8bn, backlog $57.9bn; revenue seen up 15%."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"Energy segment: revenues from external customers 3,200,844 million yen; segment profit (Adj. EBITA) 416,015 million yen (FY2025).","excerpt_en":"Energy segment: revenues from external customers 3,200,844 million yen; segment profit (Adj. EBITA) 416,015 million yen (FY2025)."},{"stance":"confirms","publisher":"Hitachi Energy","publisher_en":"Hitachi Energy","kind":"ir","lang":"en","published_at":"2025-08-01","url":"https://www.hitachienergy.com/news-and-events/press-releases/2025/08/hitachi-energy-invests-106-million-usd-to-expand-transformer-component-manufacturing-capacity-at-facility-in-alamo-tennessee","title":"히타치에너지, 앨라모 변압기 부품 캐파에 $1.06억 투자","title_en":"Hitachi Energy invests $106M in Alamo transformer components","excerpt":"Hitachi Energy invests $106M to expand transformer component (HVDC/dry-type bushing) manufacturing at Alamo, Tennessee.","excerpt_en":"Hitachi Energy invests $106M to expand transformer component (HVDC/dry-type bushing) manufacturing at Alamo, Tennessee."}]},{"direction":"investment","counterparty":"히타치건설기계","counterparty_slug":"hitachi-construction-machinery","confidence":"high","metric":{"as_of":"2022","prior_pct":51,"stake_pct":26},"note":"굴착기 등 건설기계 계열사. 2022년 히타치가 지분을 약 51%에서 약 26%로 낮춰(이토추·JIP 컨소시엄 HCJI에 매각) 연결자회사에서 지분법 관계사로 전환. 히타치는 잔여 약 26%를 지분법으로 보유.","note_en":"Construction-machinery (excavators) affiliate. In 2022 Hitachi cut its stake from ~51% to ~26% (selling to the Itochu-JIP consortium HCJI), turning it from a consolidated subsidiary into an equity-method affiliate; Hitachi retains ~26%.","sources":[{"stance":"confirms","publisher":"재팬타임스","publisher_en":"The Japan Times","kind":"news","lang":"en","published_at":"2022-01-14","url":"https://www.japantimes.co.jp/news/2022/01/14/business/hitachi-construction-sale/","title":"히타치, 건설기계 자회사 지분 절반 매각(51%→약 26%)","title_en":"Hitachi to sell half of stake in construction machinery unit (51% to ~26%)","excerpt":"히타치가 건설기계 자회사 지분 절반을 매각해 약 26%로 축소, 지분법 관계사화.","excerpt_en":"Hitachi sells half its construction-machinery stake to ~26%, making it an equity-method affiliate."}]},{"direction":"cost","counterparty":"변압기 원자재·부품 공급망 (전기강판·구리·부싱·OLTC)","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"capacity_expansion","ref_backlog_usd_bn":57.9},"note":"히타치에너지 변압기·HVDC 증산의 핵심 매입 — 방향성 전기강판·구리·절연물·부싱·탭체인저. 급증하는 수주(잔고 $57.9bn) 대응 위해 앨라모(테네시) 등 부품 캐파에 투자하며 조달 규모 확대.","note_en":"Key inputs for Hitachi Energy transformer/HVDC ramp — grain-oriented electrical steel, copper, insulation, bushings and tap changers. Component capacity investments (e.g. Alamo, Tennessee) expand procurement to serve a surging order backlog ($57.9bn).","sources":[{"stance":"mentions","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"Energy sector growth driven by strong demand for transmission equipment and execution of order backlog (FY2025).","excerpt_en":"Energy sector growth driven by strong demand for transmission equipment and execution of order backlog (FY2025)."},{"stance":"confirms","publisher":"Hitachi Energy","publisher_en":"Hitachi Energy","kind":"ir","lang":"en","published_at":"2025-08-01","url":"https://www.hitachienergy.com/news-and-events/press-releases/2025/08/hitachi-energy-invests-106-million-usd-to-expand-transformer-component-manufacturing-capacity-at-facility-in-alamo-tennessee","title":"히타치에너지, 앨라모 변압기 부품 캐파에 $1.06억 투자","title_en":"Hitachi Energy invests $106M in Alamo transformer components","excerpt":"$106M investment to expand transformer component (HVDC bushing) manufacturing capacity.","excerpt_en":"$106M investment to expand transformer component (HVDC bushing) manufacturing capacity."}]},{"direction":"cost","counterparty":"반도체·전자부품·강재 공급망","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"diversified_procurement"},"note":"IT시스템·산업기기·계측장비·철도차량 제조에 필요한 반도체·전자부품·강재·구동부품 매입. 종합전기 포트폴리오 특성상 공급선이 광범위(익명 다수).","note_en":"Semiconductors, electronic parts, steel and drivetrain components for IT systems, industrial equipment, measurement tools and rolling stock. Broad, diversified supplier base across the conglomerate portfolio.","sources":[{"stance":"mentions","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"Four sectors (DSS, Energy, Mobility, Connective Industries) manufacture across IT, power, rail and industrial products.","excerpt_en":"Four sectors (DSS, Energy, Mobility, Connective Industries) manufacture across IT, power, rail and industrial products."}]}]}