Hitachi (6501.JP) FY Net Profit +30%; Guides FY2027 Net Profit Below Expectations; Plans Share Buyback Up to USD3.1B
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Hitachi (6501.JP) reported a 30.3% increase in net profit for the fiscal year ending March, reaching JPY802.3 billion, with revenue up 8% to JPY10.59 trillion. The company plans a share buyback of up to USD3.1 billion. However, for FY2027, it forecasts net profit of JPY850 billion, below market expectations, citing concerns over Middle East conflicts. The final dividend is set at JPY27 per share, up from JPY22 the previous year.
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