Hitachi, Ltd. announced earnings results for the period from April to June 2020. The company reported that group operating profit fell 53.1% in the April-June period to JPY 58.37 billion ($556 million) as the coronavirus pandemic hit its industrial business. In the three months, however, Hitachi saw its group net profit jump 85.6% from a year earlier to JPY 223.25 billion, due to the JPY 278.8 billion gain from the sale of its chemical unit to Showa Denko K.K. Hitachi's group sales fell 21.6% to JPY 1590 billion.