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    Mikio HirakawaBofA Securities

    Mikio Hirakawa's questions to Hitachi Ltd (HTHIY) leadership

    Mikio Hirakawa's questions to Hitachi Ltd (HTHIY) leadership • Q2 2025

    Question

    In a follow-up, Mikio Hirakawa of BofA Securities asked for the internal evaluation of Q2 results versus forecast and inquired about the second-half profitability assumptions for GlobalLogic given rising personnel costs.

    Answer

    Executive Tomomi Kato confirmed that Q2 results for the three core sectors were better than forecast on revenue and adjusted EBITA, with orders also trending positively. Regarding GlobalLogic, he acknowledged that rising manpower costs are a pressure but stated that improved cost controls and new orders from the tech and telecom sectors provide confidence in achieving the second-half forecast.

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