Hitachi Metals, a major metal maker, has settled its financial results for one year until March because sales of parts and molds for its mainstay automobiles fell sharply due to the spread of the new coronavirus infection. Profit and loss was a deficit of 42.2 billion yen.
This is the second consecutive year that the final profit and loss has been in the red, and the deficit is the largest ever.
According to the announcement, Hitachi Metals' financial results for the year ending March are a deficit of 761.6 billion yen and a final profit of 42.2 billion yen, a decrease of 13.6% from the previous year for the entire group. have become.
This is the second consecutive year that the final profit and loss has been in the red, and the amount of the deficit is the largest ever since the company was established in 1956.
This is due to the fact that sales of mainstay automobile parts and molds fell sharply around the summer of last year due to the spread of the infection.
On the other hand, regarding the one-year results up to March next year, the company said that demand will recover mainly for automobiles, and the final profit is expected to turn into the black for the first time in three years at 12 billion yen.