Asia
Market Chatter: Hitachi Targets Growth With AI Integration After Record Earnings; Shares Down 5%
Hitachi (TYO:6501) will lean on deeper integration of artificial intelligence with its infrastructure business to drive growth after delivering record earnings, Nikkei reported Tuesday, citing the company's earnings presentation.The company will look to sustain momentum from AI-linked demand and forecasts net profit of 850 billion yen for the year ending March 2027, up 6%, according to the report.Hitachi will expand deployment of its HMAX platform, which uses AI to analyze data from sensors embedded in infrastructure such as trains and power systems to improve efficiency. The system has already been used on about 2,000 trains in Europe, cutting delays by 20% and maintenance costs by 15%, according to the company, the report said.The group will roll out the technology across its broader infrastructure operations, including power networks and buildings, as part of its push into "physical AI," according to the report.Shares of the company fell nearly 5% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
TYO:6501