# Who are Hitachi Construction Machinery's customers? Who does Hitachi Construction Machinery earn revenue from?
Canonical: https://valuechain.wiki/hitachi-construction-machinery · Facet: customers · Updated: 2026-10-14T20:23:20.853+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Hitachi Construction Machinery discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-10-14).

### 글로벌 건설·광산 고객 (high)
- metric: Revenue ¥329.1B · FY2026 Q1 · consolidated revenue
- note: Sells excavators, mining equipment, parts and services worldwide. FY2026 Q1 consolidated revenue was JPY 329.13 billion, up 7.5% year on year.
- [confirms] Simply Wall St (KO, analysis, published 2026-08-13) https://simplywall.st/ko/stocks/jp/capital-goods/tse-6305/hitachi-construction-machinery-shares/news/f0b66e2cc37c438a/amp: "Q1 revenue was JPY 329.13 billion and net income was JPY 28.037 billion."
- [confirms] Hitachi Construction Machinery (EN, filing, published 2026-07-30) https://www.hitachicm.com/content/dam/hitachicm/global/en/ir/library/results/docs/20260730-HCM-Financial-E.pdf: "Q1 consolidated revenue reached JPY 329.13 billion, up 7.5% year on year."
- [confirms] Hitachi Construction Machinery (EN, ir, published 2018-04-14) https://www.hitachicm.com/us/en/news/2018/4-14-2018/: "Hitachi Construction Machinery Australia had delivered 57 mining machines to Whitehaven and supported them with parts, service and the Wenco fleet-management system."

### 아시아·오세아니아 고객 (high)
- metric: Revenue ¥114.8B · FY2026 Q1 · external revenue by geography
- note: Mining demand in Oceania and construction demand across India and Asia make this the largest regional revenue pool. FY2026 Q1 revenue was JPY 114.833 billion, 34.9% of total.
- [confirms] Hitachi Construction Machinery (EN, filing, published 2026-07-30) https://www.hitachicm.com/content/dam/hitachicm/global/en/ir/library/results/docs/20260730-HCM-Financial-E.pdf: "Asia and Oceania revenue was JPY 114.833 billion, or 34.9%."
- [confirms] Hitachi Construction Machinery (EN, ir, published 2018-04-14) https://www.hitachicm.com/us/en/news/2018/4-14-2018/: "Hitachi Construction Machinery Australia had delivered 57 mining machines to Whitehaven and supported them with parts, service and the Wenco fleet-management system."

### 이토추상사 (high)  → /itochu.md
- metric: Market share 33.4% · FY2026 Q1 · ITOCHU consolidated ownership
- note: ITOCHU increased its ownership through HCJI and Citrus from 20.4% to 33.4% in Q1 2026, investing JPY 134.1 billion.
- [confirms] ITOCHU (EN, filing, published 2026-08-03) https://www.itochu.co.jp/en/ir/download/__icsFiles/afieldfile/2026/08/03/27_1st_02_e_1.pdf: "Ownership rose from 20.4% to 33.4% with a JPY 134.1 billion investment."

### 히타치 (high)  → /hitachi.md
- metric: Market share 18.36% · FY2025 · ownership excluding treasury shares
- note: After a partial sale in November 2025, Hitachi remained HCM's second-largest shareholder with 18.36% at March 31, 2026. The reduced stake removed HCM from Hitachi's equity-method associates.
- [confirms] Hitachi Construction Machinery (EN, filing, published 2026-03-31) https://www.hitachicm.com/global/en/ir/stock-and-bond/information/: "Hitachi held 39.062 million HCM shares, or 18.36%, at March 31, 2026."
- [confirms] Hitachi, Ltd. (EN, filing, published 2026-01-29) https://www.hitachi.com/New/cnews/month/2026/01/260129/2025_3Q.pdf: "The sale of 15 million shares reduced ownership from 25.4% to 18.4%, and HCM ceased to be an equity-method associate."
- [confirms] Hitachi Construction Machinery (EN, filing, published 2025-09-30) https://www.hitachicm.com/content/dam/hitachicm/global/en/sustainability/download/docs/ir2025/all-version-pdf/ir2025_all_en.pdf: "Hitachi, Ltd. held 54.062 million shares, or 25.42%."

Reverse side: https://valuechain.wiki/hitachi-construction-machinery/suppliers.md · Ripple: https://valuechain.wiki/hitachi-construction-machinery/ripple.md

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Full node: https://valuechain.wiki/hitachi-construction-machinery.md · JSON: https://valuechain.wiki/hitachi-construction-machinery.json