TOKYO — Hitachi upgraded its operating profit forecast for the current fiscal year Thursday to a record 660 billion yen ($5.79 billion) in light of strong earnings from mainstay operations such as chipmaking equipment, construction machinery and information and telecommunications systems.
The new figure represents a 12% increase on the year and beats the company’s earlier projection by 30 billion yen. Sales now are expected to rise 2% to 9.3 trillion yen, up 250 billion yen from the previous forecast.
But the Japanese company retained its net profit projection of 300 billion yen, a 30% increase, because the expected sale of group company Hitachi Kokusai Electric to a U.S. investment fund will be delayed to next fiscal year at t…
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