Hitachi posts $4.13bn net loss in Q4

04 February 2009

Hitachi, Japan's largest electronics maker, posted an October-December net loss of 371 billion yen ($4.13bn) against a 12.5 billion yen profit a year earlier on struggling chip operations and a slump in demand for electronics products, reported Reuters. The company also reaffirmed a forecast for a $7.8bn annual loss - which would be the biggest ever by a Japanese manufacturer.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications