Hitachi’s FY 2016/17 net income up 34.4% y/y to USD2 billion
Rise in net income comes despite declines in top line
Hitachi has reported a 34.4% year-on-year (y/y) growth in net income to JPY231.2 billion (USD2 billion as on 31 March 2017) for the financial year (FY) ended 31 March 2017. Revenues for the period stood at JPY9.2 trillion, down 8.7% y/y, resulting in a 10.5% y/y decrease in EBIT to JPY475.1 billion.
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