At Hitachi, 40% of revenue is Lumada.
¥4.146tnFY2025 Lumada revenue
40%Lumada revenue ratio
22%FY2025 HMAX adjusted EBITA margin
What emerges
See the company through the numbers →Hitachi generated ¥10.587tn of revenue in FY2025. Connective Industries and Energy each exceeded ¥3tn, DSS generated ¥2.94tn and Mobility ¥1.32tn. Across those sectors, Lumada generated ¥4.146tn, equivalent to 40% of group revenue. Within Lumada, 56% came from Digitalized Assets and 44% from Digital Services. HMAX generated ¥300bn with a 22% adjusted EBITA margin. Hitachi has not abandoned physical infrastructure to become a digital company. It is trying to turn power grids, rail and industrial assets into the installed base for recurring digital services.