Hitachi Construction Machinery reported record first-quarter revenue for fiscal year 2027 of 329.1 billion yen, while quarterly profit attributable to owners of the parent jumped 148.6 percent year on year to 28 billion yen. Adjusted operating profit came to 34.4 billion yen, up 55.7 percent, and pre-tax quarterly profit was 43.9 billion yen, up 123.3 percent. Full-year guidance was raised to revenue of 1.47 trillion yen, adjusted operating profit of 150 billion yen, and profit attributable to owners of the parent of 84 billion yen. The main reason for the upward revision was a weaker yen than assumed, while volume assumptions remain cautious, with a slight year-on-year decline expected. The share price has risen 12.2 percent over the past month, closing at 6,005 yen on August 24.
Hitachi Construction Machinery Co., Ltd.Record Q1 profit and raised full-year guidance driven by weaker yen.
