Hitachi chief executive Hiroaki Nakanishi was quoted by Reuters as saying, "There might be a slight lag in the time period, but the talks have not been completely suspended."

The company which designs and builds nuclear power plants with General Electric intends to build nuclear plants overseas, as Japan is now turning away from using power from nuclear plants.

Japan has taken such a stance due to the worst radiation crisis in 25 years at the Fukushima Daiichi nuclear plant in 2011.

Nakanishi also noted that the global market for nuclear energy would not contract; however, it has become difficult to form a sales outlook for Hitachi’s nuclear business, as Japan has concluded its own energy policy.

In October, Hitachi won a $1.1bn contract to build six nuclear plants in UK, beating Toshiba and its subsidiary Westinghouse.