OREANDA-NEWS. Hitachi announced revisions to the Company’s consolidated business forecasts for the first half of fiscal 2013, the year ending March 31, 2014, which were announced on May 10, 2013 in light of recent business performance.

Hitachi has raised its forecast for revenues for the first half of fiscal 2013 by 50 billion yen, from the previous forecast announced on May 10, 2013 expecting higher revenues in the Information & Telecommunication Systems Segment, Social Infrastructure & Industrial Systems Segment and Digital Media & Consumer Products Segment.

The Company has also raised its forecast for operating income by 15 billion yen. Although the Information & Telecommunication Systems Segment is now projected lower earnings, High Functional Materials & Components segment is expected to exceed its previous forecast. As a result, Hitachi has also raised its projection for income before income taxes by 25 billion yen, and raised its forecasts for net income by 10 billion yen and net income attributable to Hitachi, Ltd. stockholders by 5 billion yen.

Hitachi has not revised its full-year forecasts at this time because of considerable uncertainty surrounding the business environment in the second half of fiscal 2013. Uncertain factors include trends in the global economy, especially in the U.S., Europe and China, foreign currency fluctuations, and fluctuations in raw materials prices.