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

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

Hitachi aims double-digit margin by 2021, not interested in GE assets - CEO
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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 <GE.N>.

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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