Hitachi, Ltd. 3 months settlement of accounts Operating profit halved Impact of new corona large July 30 21:18
Hitachi's three-month settlement of accounts up to the previous month was due to the spread of new coronavirus infections, resulting in a drop in sales of automobile parts. This is a 53% decrease.
According to the announcement, Hitachi's financial results for the three months from April to last month were 1 trillion 594.2 billion yen in sales, which is 21.6% less than the same period of the previous year, and operating income showing profit of main business It was 58.3 billion yen, 53.1% less.
Due to the global spread of the new coronavirus, sales of automobile parts declined, and the performance of the listed subsidiaries Hitachi Construction Machinery and Hitachi Metals remained sluggish, pushing down sales by nearly 300 billion yen.
On the other hand, the final profit increased by 85.6% to 223.2 billion yen due to the sale of the subsidiary Hitachi Chemical.
Yoshihiko Kawamura, Chief Financial Officer of Hitachi, Ltd., held a press conference online, said, "The IT business was strong, but the financial results of this year were significantly affected by the new coronavirus."
Also, as part of the selection and concentration of businesses, he expressed his desire to give direction within a few months regarding the state of the capital relationship between Hitachi Construction Machinery and Hitachi Metals, which is under consideration including sale. ..