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Hitachi HIT Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount

Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount at other companies

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CBIZCBZ
$2.03M+155%
Employers Holdings logo
Employers HoldingsEIG
$125K-16.7%

Other financials

Income statement

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Revenue$8.8M+9.4%
Gross profit$4.5M-15.8%
Net income-$1.6M-419%
EPS (diluted)-$0.03-400%

Balance sheet

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Cash & equivalents$10.3M+36.3%
Total debt$121.6K-36.2%
Total equity$21.6M+52.6%
Total assets$29.0M+35.8%

Cash flow

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Operating cash flow-$3.3M-729%

Valuation

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Market cap$66.21M+51.3%
Enterprise value$56.01M+56.5%
P/S1.9×+0.3×

Profitability

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Gross margin58.9%-15.5pp
Net margin9.3%

Returns & leverage

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Return on equity105.4%
Debt / equity0.0×
Current ratio3.1×+0.8×

Where this comes from

Reported directly by Hitachi in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationStateAndLocalIncomeTaxes.

The official record: Hitachi’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hitachi's effective income tax rate reconciliation, state and local income taxes, amount?
Hitachi (HIT) reported effective income tax rate reconciliation, state and local income taxes, amount of -$62.49K in Q1 2026.
How has Hitachi's effective income tax rate reconciliation, state and local income taxes, amount changed year-over-year?
Hitachi's effective income tax rate reconciliation, state and local income taxes, amount decreased by 491.9% year-over-year, from $15.94K to -$62.49K.
What does effective income tax rate reconciliation, state and local income taxes, amount mean?
This metric quantifies the impact of state and local income taxes on the total income tax reconciliation. It highlights the difference between the federal statutory rate and the actual tax expense incurred due to state-level tax regimes. Investors use this to evaluate the geographic tax burden of the company's operations.