The Hitachi Ltd. board decided Thursday to suspend a plan to build two nuclear reactors in the U.K. after facing difficulties in finding investors to help finance the ¥3 trillion ($27.5 billion) project.

The freezing of the project in Anglesey in Wales would mean that all major overseas nuclear projects involving Japanese companies have seen setbacks amid the government's efforts to promote exports of nuclear technology.

Hitachi said it will book a special loss of ¥300 billion in the year ending in March, and cut its net profit outlook for the year to ¥100 billion from its previous forecast of ¥400 billion.