Hitachi shares hit 20-year high as IT shift bears fruit

Investors bullish over profit boost from restructuring drive

20210521N Hitachi logo

Hitachi is looking to transform itself from an industrial conglomerate to a services-driven company. © Reuters

YOICHIRO HIROI, Nikkei staff writer

TOKYO -- Hitachi shares reached a roughly 20-year high in Tokyo trading on Friday, buoyed by forecasts that the company is headed toward a record net profit for the second year in a row for the 12 months ending March 2022.

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