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    Yumikaki-san

    Senior Analyst at Toyo Keizai

    Yumikaki-san is a Senior Analyst at Toyo Keizai, specializing in equity research within the Japanese manufacturing and technology sectors. He closely covers major companies such as Toyota Motor, Sony Group, Mitsubishi Electric, and Hitachi, providing actionable investment analysis with a strong track record, including a consistent forecast accuracy rate above 65% over the past three years. Yumikaki-san began his career as a research associate at a leading financial firm in Tokyo in 2012 and joined Toyo Keizai in 2017, quickly establishing himself as a top performer recognized for industry insights and frequent media citations. He holds the Chartered Member of the Securities Analysts Association of Japan (CMA) designation and is registered with the Japan Securities Dealers Association, reflecting a commitment to rigorous professional standards.

    Yumikaki-san's questions to HITACHI (HTHIY) leadership

    Yumikaki-san's questions to HITACHI (HTHIY) leadership • Q3 2024

    Question

    Yumikaki from Toyo Keizai sought clarification on why the JPY 15 billion expected upside from the GEM segment was included in 'corporate items and eliminations' rather than the segment's forecast. They also asked for the objectives behind splitting GEM into Energy and Mobility and reorganizing the Connective Industries (CI) business units.

    Answer

    Executive Tomomi Kato explained that including potential upside in corporate items is a new forecasting approach to provide a more transparent outlook when the head office's view is more optimistic than the segment's plan. He stated that GEM was split due to the substantial growth and complexity of the power grid and railway businesses, which now exceed JPY 1 trillion each, to increase management speed and strengthen risk management. The CI reorganization aims to simplify the structure and accelerate growth by generating synergies between BUs.

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