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Hitachi Revises Upward Forecast For Its First Half

11/13/2000 02:00:00 AM Eastern

TOKYO -Hitachi has revised its business forecast for the first half of fiscal 2000, which ends Sept. 30. A previous forecast had been announced April 28. Hitachi said net consolidated sales for the six months ending Sept. 30 would inch up 2.5 percent, to a bit over $37 billion.

Net consolidated income for the six months is expected to hit $509 million, a 67 percent increase from the $278 million announced at the end of April.

Hitachi pegged the upward forecast on products such as liquid crystal displays and semiconductors, both supported by robust demand for use in PC-related and mobile phone applications. In addition, Hitachi said sales for electronics-related materials fared well, with consumer products firm.