Hitachi Ltd (HIT) reported second-quarter net loss of 48.11 billion yen versus profit of 9.9 billion yen a year ago. Net loss attributable to Hitachi was 50.56 billion yen or 15.21 yen per share, compared to a loss of 17.37 billion yen or 5.29 yen per share in the year-ago quarter.
Net loss attributable to Hitachi Ltd per ADS was 152 yen, compared to a loss of of 53 yen in the same quarter last year.
Sales declined to 2.23 trillion yen from 2.76 trillion yen in the same quarter last year.
Hitachi affirmed full-year expectations, revised earlier this week. The company now expects net loss attributable to Hitachi Ltd of 230 billion yen, on revenues of 8.7 trillion yen, compared to July projections for 270 billion yen loss, on revenues of 8.9 trillion yen.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.