Hitachi Announces Recognizing Other Deductions on Unconsolidated Basis
Tokyo, May 13, 2016 --- Hitachi, Ltd. (TSE: 6501) today announced that the company posted 64.2 billion yen of provision for loss on business of subsidiaries and affiliates regarding estimated future loss related to subsidiaries, as other deductions on unconsolidated basis for the fiscal year ended March 31, 2016.
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Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges. The company’s consolidated revenues for fiscal 2015 totaled 10,034.3 billion yen ($88.7 billion), and it had around 335,000 employees as of March 31, 2016. Hitachi is a global leader in the Social Innovation Business. Through collaborative creation, Hitachi is providing solutions to customers in a broad range of sectors, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
Japan : Mickey Takeuchi
U.S. : Tamie Nagamoto
Hitachi America, Ltd.