Hitachi "Visit to Hitachi Physical AI Day" (Buy) Yasui

研报英文原文证据摘录

Hitachi "Visit to Hitachi Physical AI Day" (Buy) Yasui

Global Research

20 May 2026ab

Hitachi Equities

JapanVisit to Hitachi Physical AI Day

Advanced Industrial Equipment

12-month rating Buy

Partnership with global players

As far as we know, this event was held internally for the first time. The opening session 12m price target ¥6,600

began with a discussion between Jun Abe, Hitachi Vice President, and a representative

from Google Cloud Japan, followed by presentations from Miki Tsusaka, President of

Price (20 May 2026) ¥4,908

Microsoft Japan, as well as executives from AWS, Nvidia, and xaba. Throughout the

numerous sessions, it was emphasised that IT systems for social infrastructure are RIC: 6501.T BBG: 6501 JP

mission-critical systems that cannot afford errors or downtime, which represents the

Trading data and key metrics

added value currently provided by Hitachi. A shared challenge appeared to be how to

52-wk range ¥5,818-3,732

enhance these systems, which are prone to errors, using AI.

Market cap. ¥22,085b/US$139b

Hitachi's physical AI is not humanoid-centred Shares o/s 4,500m (ORD)

Free float 60%

Based on our discussions with investors, the broader concept of physical AI recognised in

the equity market primarily focuses on enhancing plant productivity through humanoid Avg. daily volume ('000) 14,919

robots equipped with AI. However, in Hitachi's exhibits and explanations at this event, Avg. daily value (m) ¥73,161.1

the emphasis was on leveraging data generated from existing business fields, such as Common s/h equity (03/27E) ¥6658b

energy, railways, elevators, and manufacturing. This data is used to train AI, which can P/BV (03/27E) 3.2x

then support human decision-making in actual operations, strengthen maintenance Net debt to EBITDA (03/27E) 0.0x