Hitachi Co., Ltd. A significant decrease in final profit of over 60% due to the influence of the new corona etc. May 29, 18:47
Hitachi's financial results for the fiscal year ended March 31, with a final profit of 60%, due to the impact of the spread of the new coronavirus infection and the recording of a large loss related to the overseas thermal power generation business. There was a significant decrease in profit.
According to the announcement, Hitachi's financial results for the fiscal year ended March 31, 2015, were sales of 7.5 trillion yen, a decrease of 7.5% compared with the previous year, and operating income of 61.8 billion yen, which was 12.3% lower than the profit of the main business.
It is said that sales have been reduced by more than 140 billion yen due to the delay in progress in energy-related businesses due to the spread of the new coronavirus infection and the impact on production and sales of automobile parts.
In addition, a large loss was recorded in connection with the thermal power generation business in South Africa, resulting in a significant decrease in final profit of 67.5% to ¥ 87.5 billion.
In addition, due to the impact of the new coronavirus and the sale of a subsidiary, sales forecasts for the year ending March 31, 2018 will decrease by 19.2% to 7.8 trillion yen, while the final profit will recover to 335 billion yen at once. I expect that.
Yoshihiko Kawamura, Chief Financial Officer of Hitachi, Ltd., during an online press conference, said, “We expect that auto parts will continue to be in a difficult situation this year due to the impact of the new coronavirus, but profitability is improved by accumulating orders and reducing costs. I aim for. ”