Hitachi, Ltd., a major electronics manufacturer, set a record high in the final profit for the first time in fiscal 2020, exceeding 500 billion yen.
This was due to the strong performance of IT and digital-related businesses in addition to the gain on the sale of a subsidiary chemical manufacturer.
According to the financial results of the entire group last year announced by Hitachi on the 28th,
▼ Sales decreased by 0.4% from the previous year to 8,729.1 billion yen.
▼ The final profit increased about 5.7 times to 501.6 billion yen, the highest ever.
This was mainly due to the gain on the sale of Hitachi Kasei, a subsidiary chemical manufacturer, and the strong demand for IT and digital-related businesses due to increased demand from companies aiming to transform their businesses with digital technology.
Regarding this year's business results, sales of IT and digital-related businesses are expected to grow further.
▼ Sales are 8.8% higher than last year at 9.5 trillion yen, and
▼ Final profit is 9.6% higher at 550 billion yen. We have revealed the prospect of renewing the best.