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.
The new figure represents a 12% increase on the year and beats the company's earlier projection by 30 billion yen. Sales now are expected to rise 2% to 9.3 trillion yen, up 250 billion yen from the previous forecast.
