# If Hitachi Construction Machinery moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/hitachi-construction-machinery · Facet: ripple · Updated: 2026-10-14T20:23:20.853+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Hitachi Construction Machinery is directly linked to 3 companies (1 supply, 0 revenue, 2 investment relationships) and reaches 7 companies within two hops; the links are backed by 8 dated sources, 5 of them primary filings (as of 2026-10-14).

Hitachi Construction Machinery led the equipment leg with a 44.5% gain in 2023, then paused at -9.0% in 2024 while key engine supplier Cummins caught up at +48.9%. In 2025 the machine maker gained 41.3% and Cummins 49.4%; both slowed in 2026 to 15.1% and 11.0%. FY2026 Q1 revenue rose 7.5%, but North America fell 7.4% while Central and South America surged 124.9%, showing how uneven mining capex remains. ITOCHU’s stake increase adds a rerating driver separate from operations. The lagging, less visible layer is the undisclosed raw-material and logistics base; the thesis fails if higher material and freight costs cannot be passed through in equipment prices.

## Supply chain (benefiting)
- T1 Cummins (https://valuechain.wiki/cummins.md)
- T2 United Rentals (https://valuechain.wiki/united-rentals.md)
- T3 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T1 Itochu (https://valuechain.wiki/itochu.md)
- T2 Berkshire Hathaway (https://valuechain.wiki/berkshire-hathaway.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Mitsubishi (https://valuechain.wiki/mitsubishi.md)
- T3 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.md)
- T3 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T3 VeriSign, Inc. (https://valuechain.wiki/verisign.md)
- T3 American Express (https://valuechain.wiki/american-express.md)
- T2 CITIC Limited (https://valuechain.wiki/citic-limited.md)
- T1 Hitachi (https://valuechain.wiki/hitachi.md)
- T2 Hitachi High-Tech (https://valuechain.wiki/hitachi-hightech.md)

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