Hitachi Ltd. on Wednesday revised downward its earnings forecast for the first half of fiscal 2002, blaming thinning profitability of industrial orders and the yen's appreciation.
Hitachi had forecast a 5 billion yen group net profit for the period. It said it now expects consolidated net profit to come to zero for the six months through Sept. 30.
Group operational profit for the period is forecast to stand at 52 billion yen, down 18 billion yen from its initial forecast.