Hitachi Announces Revisions to Full-year Consolidated Business Forecast
Tokyo, December 18, 2019 --- Hitachi, Ltd. (TSE: 6501) today announced that it has revised its full-year consolidated business forecast for fiscal 2019, the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020), which was disclosed on October 30, 2019, based on “Notification of Tender of Shares of Subsidiary in Tender Offer, and Recognition of Extraordinary Gain on Unconsolidated Basis and Other Income on Consolidated Basis*1” (“Tender of Shares of Hitachi Chemical in the Tender Offer”) and “Notification of Settlement on the Projects Conducted by Mitsubishi Hitachi Power Systems, Ltd. in the Republic of South Africa and Recognition of Extraordinary Loss on Unconsolidated Basis and Other Expenses on Consolidated Basis*2” (“Settlement of the South Africa Project”), which were announced today.
