Hitachi pursues 10% profit margin by trimming fat

Japanese conglomerate unloads power, chemicals and diagnostic imaging businesses

20191218N hitachi south africa power

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

EIKI HAYASHI, Nikkei staff writer

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%.

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