TOKYO -- Hitachi posted on Wednesday a consolidated net profit of 292.2 billion yen ($1.9 billion) for the April-September period, up 40% year-on-year, driven by strong demand for power grid equipment stemming from the U.S. generative AI investment boom.
The figure marked the company's highest net profit for the first half of a fiscal year in three years and 3% higher than the QUICK consensus market forecast. Adjusted operating profit increased 24% to 404.7 billion yen.
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