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Hitachi Appliance Business Segment 2Q Profits Down
Aug 8, 2012
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Hitachi's home appliance business, Digital Media and Consumer Products, reported 2Q 2012 revenue of 218.5 billion yen (approx. US$2.766 billion). Profits were down 6% from 2Q 2011.

Operating income was down 3.2 billion yen from the same quarter in 2011. The profit decrease was blamed on falling sales prices of home air-conditioners and home appliances, particularly in the Japanese market.

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