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Hitachi High-Technologies Corporation Raises Consolidated Mid-year for FY Ending March 2013; to Delay Acquisition Plan of SII NanoTechnology Inc.

Wednesday, 25 Jul 2012 02:30am EDT 

Hitachi High-Technologies Corporation announced that it has raised its consolidated mid-year outlook for revenue from JPY 310,000 million to JPY 313,000 million, operating profit from JPY 10,000 million to JPY 13,500 million, ordinary profit from JPY 9,400 million to JPY 13,700 million, net profit from JPY 5,800 million to JPY 8,500 million and earning per share from JPY 42.17 to JPY 61.80 for the fiscal year ending March 2013. This is due to the increased sale of electric device system businesses, mobile related machinery and semiconductor manufacturing equipment businesses. The Company also announced that it will delay the acquisition plan, which was announced on May 24, 2012. The Company planned to purchase all the stake (a 100% stake, or 60,000 shares) in SII NanoTechnology Inc. 

Company Quote

40.0 +1.64%
12:53am EDT