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Hitachi pursues 10% profit margin by trimming fat

Japanese conglomerate unloads power, chemicals and diagnostic imaging businesses

Hitachi's joint venture incurred cost overruns during the construction of this power station in South Africa.

TOKYO -- Hitachi has been lopping off major peripheral businesses, including chemicals and diagnostic imaging equipment, in its quest to form a lean operation capable of generating an operating margin of 10%.

The Japanese conglomerate is selling its diagnostic imaging business to Fujifilm Holdings, and its Hitachi Chemical unit will be taken over by Showa Denko.

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