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Japan-Update

Hitachi forecasts record profit as restructuring pays off

Leaner operations meet strong sales in mainstay segments

Chief Financial Officer Mitsuaki Nishiyama was upbeat about Hitachi's earnings in a Thursday briefing.

TOKYO -- Hitachi upgraded its operating profit forecast for the current fiscal year Thursday to a record 660 billion yen ($5.79 billion) in light of strong earnings from mainstay operations such as chipmaking equipment, construction machinery and information and telecommunications systems.

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