TOKYO -- Hitachi now expects net profit to fall by half to 180 billion yen ($1.64 billion) for the year ending in March, upgrading its estimate thanks to share sales that cushioned the blow of a U.K. nuclear business write-down.
The Tokyo-based industrial group on Friday upgraded its estimate by 80 billion yen, or $730 million, to reflect the sale of stakes in a British train-leasing company and a unit that makes lithium-ion batteries for autos.
