December 18, 2017 / 7:33 AM / a year ago

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

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 (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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