Hitachi aims double-digit margin by 2021, not interested in GE assets: CEO

Reuters

December 18, 2017 at 2:29 a.m.

A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) - The head of Japan's Hitachi Ltd <6501.T> said the company was aiming to improve its operating margin to double digits by fiscal 2021 from current levels of around 7 percent. Chief Executive Toshiaki Higashihara, in an interview to reporters, also said Hitachi was not interested in assets being put up for sale by General Electric . The U.S. conglomerate wants to get rid of at least $20 billion of assets through sales, spin-offs or other means to turn itself into a smaller, more focused company. (Reporting by Kentaro Hamada; Editing by Vyas Mohan)

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