Hitachi nears No. 2 Japan market cap, approaches U.S.-tech growth outlook

Foreign investors flock to Japanese industrial group for its digital prowess

20241002N Hitachi Energy

Hitachi realized a sharp profit increase at its electrical grid equipment business. (Hitachi)

Nikkei staff writers

TOKYO/LONDON -- Hitachi's market capitalization has surged as foreign investors bet on its potential in digital technologies and related fields, driving the price-earnings ratio --  a key growth expectations indicator -- to levels approaching leading U.S. tech stocks.

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