• Hitachi average return on tangible equity for 2022 was 20.33, a 7.67% increase from 2021.
• Hitachi average return on tangible equity for 2021 was 22.02, a 198.78% decline from 2020.
• Hitachi average return on tangible equity for 2020 was 7.37, a 16.25% increase from 2019.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.