29 October 2014

Tokyo, October 29, 2014 --- Hitachi, Ltd. (TSE:6501) today announced its consolidated financial results for the second quarter of fiscal 2014, ended September 30, 2014.

Notes:

1. All figures, except for the outlook for fiscal 2014, were converted at the rate of 109 yen to the U.S. dollar, the approximate exchange rate on the Tokyo Foreign Exchange Market as of September 30, 2014.
2. Operating income is presented in accordance with financial reporting principles and practices generally accepted in Japan.

For more information, please click here http://www.hitachi.com/New/cnews/month/2014/10/141029.html

Press Contacts:

Japan

Yoji Maruo
Hitachi, Ltd.
+81-3-5208-9324
yoji.maruo.pt@hitachi.com

USA

Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
tamie.nagamoto@hal.hitachi.com

22 January 2015

New partnership expands already unmatched air conditioning products and technology portfolio

MILWAUKEE and TOKYO – (January 21, 2015, EST) – Today, Johnson Controls, Hitachi, Ltd. and Hitachi Appliances, Inc. entered into a definitive agreement for their global joint venture while at the World Economic Forum in Davos. The new Johnson Controls-Hitachi joint venture will allow both companies to deliver the most diverse technology portfolio in the heating, ventilation, air conditioning and refrigeration industry.

Through the agreement, Johnson Controls will obtain a 60 percent ownership stake in Hitachi Appliances’ more than ¥300 billion sales (approximately $2.6 billion) global air conditioning business, excluding sales and service operations in Japan. The Johnson Controls-Hitachi joint venture will bring customers a full range of air conditioning products, including world-class variable refrigerant flow (VRF) technology, leading-edge inverter technology based room air conditioners and absorption chillers – on top of existing Johnson Controls products that meet global customer demands.

With approximately 13,800 employees and 24 manufacturing plants, the joint venture will build on both organizations’ technology, research and development leadership, as well as their expanding marketing channels. The transaction is expected to close later this year, subject to regulatory approvals and satisfaction of other customary conditions.

“For Johnson Controls, this partnership reflects our strategic commitment to our buildings business as a growth platform,” said Alex Molinaroli, chairman and chief executive officer, Johnson Controls. “The joint venture will propel us forward with superior products, enabling Johnson Controls to deliver the most diverse technology portfolio in the industry to meet customer demands across the changing global marketplace.”

The Johnson Controls-Hitachi joint venture management team will be led by Franz Cerwinka, chief executive officer. He has been with Johnson Controls for almost 20 years, having spent four years in Japan as vice president of finance for the Johnson Controls automotive business, including experience with more than 10 joint ventures.

Johnson Controls is a global multi-industrial company with 130 years of history in supplying heating, ventilation, air-conditioning, building controls, refrigeration and security systems for buildings. Through its Building Efficiency business, the company delivers solutions that increase energy efficiency and lower operating costs for over a million customers who are served through nearly 700 offices in more than 150 countries.

“The worldwide HVAC market is continuing to grow steadily, and the demand for energy efficient air conditioning systems with state-of-the-art technologies is expanding. As air conditioning systems are a key building block for building solutions, we believe this partnership will allow Hitachi and Johnson Controls to deliver the best solutions for our customers. Furthermore, in addition to air conditioning systems, we will be able to provide other building solutions that will enhance efficiencies throughout buildings, as well as surrounding areas,” said Hiroaki Nakanishi, Chairman & CEO, Hitachi, Ltd.

A global home appliances and air conditioning solutions provider, Hitachi Appliances, a wholly owned subsidiary of leading global electronics and infrastructure solutions provider Hitachi, Ltd., supplies high quality, efficient and reliable air conditioning solutions across the globe, from residential room air conditioners to variable refrigerant flow systems, and other air conditioning equipment for commercial and industrial use. Hitachi Appliances will continue to provide Hitachi branded HVAC products in the Japanese market after this transaction.

About Johnson Controls

Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2014, Corporate Responsibility magazine recognized Johnson Controls as the #12 company in its annual “100 Best Corporate Citizens” list. For additional information, please visit http://www.johnsoncontrols.com or follow @johnsoncontrols on Twitter.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Hitachi Appliances, Inc.

Hitachi Appliances, Inc., headquartered in Tokyo, was established in April 1, 2006, through the merger of Hitachi Air Conditioning Systems Co., Ltd. and Hitachi Home & Life Solutions, Inc. that were both wholly owned by Hitachi, Ltd. Its consolidated sales for fiscal year ended March 31, 2014, totaled 656 billion yen (approximately $6.4 billion). The company supplies eco-friendly, comfortable home appliances and air conditioning products around the world capitalizing on its cutting-edge technologies.

For more information on Hitachi Appliances, please visit http://www.hitachi-ap.com/index.html

Contact:

Fraser Engerman
414-524-2733
fraser.engerman@jci.com
Johnson Controls

Yoji Maruo
+81-3-5208-9325
yoji.maruo.pt@hitachi.com
Hitachi, Ltd.

26 January 2015

Tokyo, January 26, 2015 - Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced that it has decided to voluntarily adopt International Financial Reporting Standards (IFRS) in place of accounting principles generally accepted in the U.S. for its consolidated financial statements. Hitachi plans to apply IFRS to the presentation of the consolidated financial statements in its annual securities report for the fiscal year ending March 31, 2015 (from April 1, 2014 to March 31, 2015). Hitachi will, however, prepare its consolidated financial results announced as a press release and its consolidated financial statements under the Companies Act for the fiscal year ending March 31, 2015 in accordance with accounting principles generally accepted in the U.S. as before.

Disclosure Schedule Regarding Application of IFRS (Planned)

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, health care and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan

Keisaku Shibatani
Hitachi, Ltd.
+81-3-5208-9324
keisaku.shibatani.tj@hitachi.com

U.S.

Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
tamie.nagamoto@hal.hitachi.com

3 February 2015

Tokyo, February 3, 2015 --- Hitachi, Ltd. (TSE: 6501 / “Hitachi”) today announced that its North American sales company for power transmission and distribution equipment, Hitachi HVB, Inc. (“HVB” / Headquarters: USA), has received an order of five transformers from Grand River Dam Authority (GRDA*1), an Oklahoma power utility in the USA.

The transformers are to be manufactured by Hitachi Fortune Transformer, Inc. (“HFT” / Headquarters: Taiwan), a joint venture established by Hitachi and Fortune Electric Co., Ltd. of Taiwan (“Fortune Electric” / Headquarters: Taiwan), where a new factory has been under construction.

The international market for transformers is expected to increase from the current level of about $7 billion (USD) to approximately $10 billion (USD) by 2020*2 driven by the growth in distributed generation sources that use renewable energy such as wind or photovoltaic power, as well as by economic growth and population increases. Looking at developed nations such as the USA in particular, the value of power transformers market in the USA is expected to grow from its current level of about $2 billion to around $2.6 billion in 2020*2 due to the replacement needs of the aging equipment.

HVB received this order as a result of participating in a tender to supply transformers for the GRDA’s newest generating facility, due to be completed in May 2017. This combined cycle natural gas facility will utilize advanced design turbine-generators, to be supplied by the United States-based subsidiary of Mitsubishi Hitachi Power Systems. Overall thermal efficiency will exceed 60%, and upon completion the facility has the potential to be the most efficient in the United States. This important project has drawn considerable attention from both electric industry and government, and a groundbreaking ceremony was conducted on January 23rd. This Order includes the manufacture of two 265MVA GSUs*3 and two 415MVA GSUs by HFT, and the manufacture of one 35MVA RAT*4 by Fortune Electric, Hitachi’s joint venture partner in HFT. The transformers are due to be delivered in 2016.

HFT was founded in December 2013 to expand Hitachi’s transformer business into the global market. Construction of a transformer production facility at the Taichung Port Free Trade Zone in Taichung City, Taiwan got underway in April 2014 and production is due to commence in April of this year.

In the future, Hitachi will continue to contribute to the reliable supply of electric power throughout the world by engineering and manufacturing of electrical equipment, and by participating in all aspects of transmission and distribution equipment, from manufacturing to sales and maintenance.

*1 A non-profit power utility, GRDA was originally established in Oklahoma, USA in 1935 as a State Agency to construct a dam on the Grand River and operate hydro power units. GRDA has been the major supplier of electric power throughout the state of Oklahoma since it commenced operation in 1986 of a thermal power plant, now known as the Grand River Energy Center (GREC). GRDA has a total supply capacity of 1,730 MW and a workforce of 500.

*2 Source: GlobalData Transmission Equipment Details

*3 GSU: Generator step-up unit

*4 RAT: Reserve Auxiliary Transformer

Profile of Hitachi HVB, Inc.

Profile of Hitachi Fortune Transformer, Inc.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contact:

U.S.:

Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
Tamie.Nagamoto@hal.hitachi.com

Japan:

Hisahiro Sakai
Hitachi, Ltd.
+81-3-5208-9324
hisahiro.sakai.ju@hitachi.com

5 February 2015

Local Leadership, Market-Driven Management and Acceleration of Social Innovation Growth Are Core to New Global Management Strategy

Tarrytown, NY, February 5, 2015 – Hitachi America, Ltd. today announced the appointment of Mr. Jack Domme as Chief Executive for the Americas, effective April 1, 2015. He will be also promoted to Executive Officer of Hitachi, Ltd. from Corporate Officer. Mr. Domme’s appointment is significant for Hitachi as it is part of a new global management strategy Hitachi is calling “autonomous decentralized global management,” which means Hitachi is placing more direct control for key businesses in the hands of talented local leaders to accelerate global growth by enabling faster decision-making based on market and customer needs. Hitachi has elected to deploy this new management strategy globally in order to grow its Social Innovation Business. At the end of March 2015, Mr. Takashi Hatchoji will retire as Chairman of the Board of Hitachi America, Ltd. and Group Chairman for the Americas.

Mr. Domme is currently CEO of Hitachi Data Systems (HDS), a position he has held since 2008, and will continue to hold going forward to ensure HDS continues its strong global performance. He has led the successful transformation of HDS from a storage provider into a software and solutions company, successfully restructuring and streamlining the company’s operations, building a high performance culture that has made the company the global industry leader it is today, while establishing a high performance culture built upon trust, transparency and accountability.

In his new role, Mr. Domme will function as a representative of the Hitachi Group in interactions with companies and customers in the Americas. In addition to creating regional growth strategies, promoting localization, and effectively utilizing management resources, Mr. Domme will focus on growing the Hitachi Social Innovation business as well as allocating investments in new strategic growth areas. Mr. Domme has more than 30 years of experience in the IT industry, and he has worked for Hitachi since 2003.

Mr. Domme said, “I am honored by this appointment, and I look forward to working closely with the Hitachi companies in the Americas to develop and implement a cohesive strategy that will drive sustainable growth in this important market. Hitachi is uniquely positioned to be a leading player not just in the Americas, but globally with Social Innovation as a strong differentiator for the company. By harnessing the expertise across the Hitachi companies to deliver social innovation solutions – software, services, deep industry expertise, and the consulting needed to launch complex solutions, we can quickly accelerate our global growth. Ultimately our goal is to deliver business and social outcomes to help our customers win, while making the world healthier, safer, and more secure.”

In addition to this appointment and continuing as CEO for HDS, Mr. Domme will also serve as Vice President and Executive Officer of Hitachi, Ltd., as well as Chairman of the Board and CEO, Hitachi Information & Telecommunication Systems Global Holdings Corporation, Chairman of the Board, Hitachi Consulting Corporation, and Chairman of the Board of Hitachi America, Ltd. These changes are effective April 1, 2015.

Hitachi America, Ltd. is also announcing the following executive changes. At the end of March 2015, Mr. Takashi Hatchoji will retire as Chairman of the Board of Hitachi America, Ltd. and Group Chairman for the Americas. Hitachi will not appoint anyone to serve as Group Chairman for the Americas upon Mr. Hatchoji’s retirement. Mr. Hatchoji will also retire as a director of Hitachi, Ltd. after approval of this change at Hitachi’s Ordinary General Meeting of Shareholders which will be held in June 2015. Mr. Hatchoji is widely credited with fostering greater collaboration between Hitachi Group companies in the Americas. Effective April 1, 2015, Hitachi America, Ltd. will also appoint Mr. Eriyoshi Konno, currently its Executive Vice President and Chief Strategy Officer, as President and CEO reporting to Mr. Domme. He succeeds Mr. Masaya Watanabe who will become President and CEO of the Healthcare Group and Healthcare Company, Hitachi, Ltd.

About Hitachi America, Ltd.

Hitachi America, Ltd., headquartered in Tarrytown, New York, a subsidiary of Hitachi, Ltd., and its subsidiary companies offers a broad range of power and industrial equipment and services, particle beam therapy technologies, automotive products and consumer electronics with operations throughout the Americas. For more information, visit www.hitachi-america.us. For more information on other Hitachi Group companies in the United States, please visit www.hitachi.us.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems, health care and others.

For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

Contact:

Theodore Lowen
Hitachi America, Ltd.
(914)333-2986
theodore.lowen@hal.hitachi.com

Tamie Nagamoto
Hitachi America, Ltd.
(914)333-2987
tamie.nagamoto@hal.hitachi.com

10 February 2015

Tokyo, February 10, 2015 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) announced on September 2, 2014 that it would succeed the system solutions business in the social infrastructure, financial, and government & public sectors in Hitachi Solutions, Ltd. (“Hitachi Solutions”) and integrate such businesses into its Information & Telecommunication Systems Company on April 1, 2015, through an absorption-type company split (the “Company Split”). The purpose of the transfer is to optimize its business structure to drive further growth of the Hitachi Group’s information & telecommunication systems business. Having concluded the company split agreement (the “Company Split Agreement”) with Hitachi Solutions today, Hitachi has announced matters as follows, some of which had not yet been decided in the news release on September 2, 2014. The matters which have been decided in the Company Split Agreement and changes since the previous news release are underlined.

1. Outline of the Company Split

(1) Schedule of Company Split

* For Hitachi, the Company Split is deemed to be a simple absorption-type company split pursuant to Article 796, Paragraph 3 of the Companies Act of Japan. And for Hitachi Solutions, the Company Split is deemed to be a short-form absorption-type company split pursuant to Article 784, Paragraph 1 of the Companies Act of Japan. Therefore, Hitachi and Hitachi Solutions do not plan to convene shareholders’ meetings to obtain approval for the Company Split agreement.

(2) Method of Company Split

This is an absorption-type split in which Hitachi Solutions is the transferring company and Hitachi is the successor company.

(3) Details of Allotments Related to the Company Split

Hitachi will not allot any money to Hitachi Solutions as consideration for the Company Split.

(4) Handling of Stock Acquisition Rights and Bonds with Stock Acquisition Rights 　　

Accompanying the Company Split

Hitachi Solutions has no outstanding stock acquisition rights or bonds with stock acquisition rights.

(5) Changes in Capital Accompanying the Company Split

The Company Split will result in no change in capital of Hitachi.

(6) Succession of Rights and Obligations

Hitachi will succeed to all rights and obligations of Hitachi Solutions, which is stipulated in the Company Split Agreement, including assets, liabilities, intellectual property, the statuses under contract and labor agreements with Hitachi Solutions’ employees.

(7) Prospect on Fulfillment of Obligations

It is judged that there should be no concern about fulfilling all obligations that should be borne by Hitachi.

2. Profile of the Parties of the Company Split

*1 Since Hitachi has been adopting U.S. accounting standards, this figure represents total Hitachi, Ltd. stockholders’ equity per share.

*2 Since Hitachi has been adopting U.S. accounting standards, this figure represents income before income taxes.

*3 Since Hitachi has been adopting U.S. accounting standards, these figures represent net income attributable to Hitachi, Ltd. stockholders and net income attributable to Hitachi, Ltd. stockholders per share basic, respectively.

*4 Hitachi Solutions will decrease its capital to 20,000 million yen on April 1, 2015.

3. Overview of the Business to Be Transferred

(1) Business to Be Transferred

System solutions business in the social infrastructure^*5, financial, and government & public sectors
*5 The business in social infrastructure sector does not include the telecommunication business.

(2) Business Results of the Business to Be Transferred (Unconsolidated)

Revenues: 137,155 million yen (Year ended March 31, 2014)

(3) Assets and Liabilities to Be Transferred (Forecast for the end of March, 2015)

(Millions of yen)

Cautionary Statement

Certain statements found in this document may constitute “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking statements” reflect management’s current views with respect to certain future events and financial performance and include any statement that does not directly relate to any historical or current fact. Words such as “anticipate,” “believe,” “expect,” “estimate,” “forecast,” “intend,” “plan,” “project” and similar expressions which indicate future events and trends may identify “forward-looking statements.” Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or implied in the “forward-looking statements” and from historical trends. Certain “forward-looking statements” are based upon current assumptions of future events which may not prove to be accurate. Undue reliance should not be placed on “forward-looking statements,” as such statements speak only as of the date of this document.

Factors that could cause actual results to differ materially from those projected or implied in any “forward-looking statement” and from historical trends include, but are not limited to:

• economic conditions, including consumer spending and plant and equipment investment in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors Hitachi serves, including, without limitation, the information, electronics, automotive, construction and financial sectors;
• exchange rate fluctuations of the yen against other currencies in which Hitachi makes significant sales or in which Hitachi’s assets and liabilities are denominated, particularly against the U.S. dollar and the euro;
• uncertainty as to Hitachi’s ability to access, or access on favorable terms, liquidity or long-term financing;
• uncertainty as to general market price levels for equity securities, declines in which may require Hitachi to write down equity securities that it holds;
• uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technologies on a timely and cost-effective basis and to achieve market acceptance for such products;
• rapid technological innovation;
• the possibility of cost fluctuations during the lifetime of, or cancellation of, long-term contracts for which Hitachi uses the percentage-of-completion method to recognize revenue from sales;
• fluctuations in the price of raw materials including, without limitation, petroleum and other materials, such as copper, steel, aluminum, synthetic resins, rare metals and rare-earth minerals, or shortages of materials, parts and components;
• fluctuations in product demand and industry capacity;
• uncertainty as to Hitachi’s ability to implement measures to reduce the potential negative impact of fluctuations in product demand, exchange rates and/or price of raw materials or shortages of materials, parts and components;
• increased commoditization of and intensifying price competition for products;
• uncertainty as to Hitachi’s ability to achieve the anticipated benefits of its strategy to strengthen its Social Innovation Business;
• uncertainty as to the success of restructuring efforts to improve management efficiency by divesting or otherwise exiting underperforming businesses and to strengthen competitiveness;
• uncertainty as to the success of cost reduction measures;
• general socioeconomic and political conditions and the regulatory and trade environment of countries where Hitachi conducts business, particularly Japan, Asia, the United States and Europe, including, without limitation, direct or indirect restrictions by other nations on imports and differences in commercial and business customs including, without limitation, contract terms and conditions and labor relations;
• uncertainty as to the success of alliances upon which Hitachi depends, some of which Hitachi may not control, with other corporations in the design and development of certain key products;
• uncertainty as to Hitachi’s access to, or ability to protect, certain intellectual property rights, particularly those related to electronics and data processing technologies;
• uncertainty as to the outcome of litigation, regulatory investigations and other legal proceedings of which the Company, its subsidiaries or its equity-method affiliates have become or may become parties;
• the possibility of incurring expenses resulting from any defects in products or services of Hitachi;
• the potential for significant losses on Hitachi’s investments in equity-method affiliates;
• the possibility of disruption of Hitachi’s operations by earthquakes, tsunamis or other natural disasters;
• uncertainty as to Hitachi’s ability to maintain the integrity of its information systems, as well as Hitachi’s ability to protect its confidential information or that of its customers;
• uncertainty as to the accuracy of key assumptions Hitachi uses to evaluate its significant employee benefit-related costs; and
• uncertainty as to Hitachi’s ability to attract and retain skilled personnel.

The factors listed above are not all-inclusive and are in addition to other factors contained in other materials published by Hitachi.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contact:

Japan:

Shingo Kawada
Hitachi, Ltd.
+81-3-5208-9323
shingo.kawada.gb@hitachi.com

U.S.:

Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
tamie.nagamoto@hal.hitachi.com

27 February 2015

Tarrytown, New York and Somerdale, NJ, February 25, 2015 --- Hitachi America, Ltd., a wholly owned subsidiary of Hitachi, Ltd. (“Hitachi” / TSE:6501) and Demansys Energy, Inc. (“Demansys”), a smart grid technology company with offices in Connecticut and Troy, New York, announced today that they have completed construction and commissioning of a 1 MW Lithium Ion energy storage facility utilizing Hitachi's “CrystEna*1” compact container-type energy storage system and have started a demonstration project in Somerdale, New Jersey.

Energy storage is an emerging disruptive technology in the power grid management space because it enables integration of larger quantities of intermittent renewable generation sources like wind and solar, real time stabilization of the grid at a lower cost than using traditional generators, and it can shift loads to avoid peak demand on strained transmission and distribution facilities deferring costly utility investment.

Demansys and Hitachi had an agreement to perform a demonstration project utilizing Hitachi's CrystEna in the market for frequency regulation and capacity services*2 last year. Demansys managed this demonstration project which involves the installation of a Hitachi CrystEna system in New Jersey, not far from Philadelphia. To verify the system's effectiveness for grid stabilization, the demonstration will collect data over a two year period, including a capacity pilot project with PJM*3 Interconnection and frequency regulation operation in PJM, the USA's largest independent grid operator. The demonstration has started to further evaluate energy storage systems and to verify system reliability and effectiveness with the aim to engage in a large deployment in the US ancillary services market.

Hitachi supplied the energy storage system, which is the first North American deployment of its CrystEna compact container-type energy storage system and includes the lithium ion batteries, power conditioning system, battery management system, and cooling and fire suppression systems all in one 45 foot shipping container. Hitachi is using this installation to prove its product in the PJM market in the US and to collect data which will be used to further improve the offering. “CrystEna has been formed from collaboration throughout the whole Hitachi Group, which can help to maintain the grid balance and is essential for stable use of renewable energy.” says Mr. Atsushi Honzawa, Project Manager of Hitachi. “Through the expansion of projects relating to grid stabilization such as CrystEna business, we hope to contribute to the adoption of clean energy.”

Demansys developed the facility including managing the interconnection process with the Regional Transmission Operator, PJM Interconnection, engineering the facility, procuring the balance of plant equipment, and supplying all of the SCADA*4 and control systems necessary to remotely operate the system. Demansys also represents the system in the PJM energy market, bidding the facility on an hourly basis and connecting the PJM grid control system to the battery enabling it to respond to real time control signals from the grid. “The Hitachi team was a pleasure to work with” says Adam Todorski, CTO and co-founder of Demansys. “This facility was an exciting project to engineer and build, and further expands Demansys' portfolio of cutting edge power control offerings.” Demansys announced last year that it is managing 75MW of variable loads in New York, at the time the largest such deployment in the state.

*1 Trademark registered in Japan and USA.
*2 Capacity market: An auction through which grid operators secure a sufficient supply of capacity several years into the future from supply and demand-side resources. In PJM, rules are currently being developed for storage resources.
*3 PJM (PJM Interconnection LLC): Independent grid operator in the Mid-Atlantic and Midwest. Covering a total of 13 states, it is the largest power system operator in North America. PJM is an abbreviation of Pennsylvania, New Jersey, and Maryland.
*4 SCADA: Supervisory Control and Data Acquisition

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Hitachi America, Ltd.

Hitachi America, Ltd., headquartered in Tarrytown, New York, a subsidiary of Hitachi, Ltd., and its subsidiary companies offer a broad range of industrial equipment and services, particle beam therapy technologies, automotive products and consumer electronics with operations throughout the Americas. For more information, visit http://www.hitachi-america.us. For more information on other Hitachi Group companies in the United States, please visit http://www.hitachi.us.

About Demansys Energy, Inc.

Demansys Energy, Inc., a Connecticut based company, is a provider of smart-grid services. Demansys provides turnkey solutions for advanced control of energy consumption, distributed generation, and storage resources, which creates additional revenue streams for end-use customers, as well as reliability products for utilities and grid operators. The Demansys Grid Daemon Platform was developed to continuously communicate with system operators and customers to seamlessly control demand-side energy resources and storage systems in real-time, using sophisticated proprietary algorithms. For more information, visit http://www.demansys.com.

18 March 2015

Tokyo, March 18, 2015 – Hitachi, Ltd. (TSE:6501) today announced new outside director candidate to be proposed at its ordinary general meeting of shareholders in June 2015, in accordance with a resolution at a meeting of Nominating Committee convened today.

Hitachi has worked actively over the years to strengthen its corporate governance. For instance, Hitachi adopted the Committees System under Japanese law in 2003 and had made outside directors the majority on the Board of Directors since 2012 with the aim of creating a framework for quick business operation and making management highly transparent. Hitachi this year increases non-Japanese outside director candidates in order to better reflect various global viewpoints in management to drive further growth on a global basis as well as to further strengthen management oversight.

1. Director Candidates [* New]

Note: Director Candidates are listed in Japanese alphabetical order of surname within each grouping.

<Outside Director>

Nobuo Katsumata, currently Outside Director of Hitachi, Ltd., Senior Corporate Advisor of Marubeni Corporation

Cynthia Carroll, currently Outside Director of Hitachi, Ltd., Non-Executive Director of BP plc. (UK)

Sadayuki Sakakibara, currently Outside Director of Hitachi, Ltd., Chairman of the Board, Toray Industries, Inc.

George Buckley, currently Outside Director of Hitachi, Ltd., Chairman of Arle Capital Partners Limited (UK)

*Louise Pentland, former Executive Vice President and Chief Legal Officer, Nokia Corporation (Finland)

Harufumi Mochizuki, currently Outside Director of Hitachi, Ltd., President and Representative Director of Tokyo Small and Medium Business Investment & Consultation Co., Ltd.

Philip Yeo, currently Outside Director of Hitachi, Ltd., Chairman of SPRING Singapore

Hiroaki Yoshihara, currently Outside Director of Hitachi, Ltd., Outside Director of Murata Manufacturing Co., Ltd.

<Director>

Hiroaki Nakanishi, currently Director, Representative Executive Officer and Chairman & CEO of Hitachi, Ltd.

Toshiaki Higashihara, currently Director, Representative Executive Officer and President & COO of Hitachi, Ltd.

Takashi Miyoshi, currently Director of Hitachi, Ltd.

Nobuo Mochida, currently Director of Hitachi, Ltd.

Note: Hitachi announced the director candidates other than Ms. Pentland and retiring director on February 4, 2015.

Each Committee will be composed of the following members (Chair Underlined)

2. Biography of New Director Candidate

Louise Pentland

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

US

Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
tamie.nagamoto@hal.hitachi.com

Japan

Keisaku Shibatani
Hitachi, Ltd.
+81-3-5208-9324
keisaku.shibatani.tj@hitachi.com

19 March 2015

“Hitachi Global Lights-Off Campaign” to take place in 21 countries Signboard illumination and other lighting to be turned off all over the world

Tokyo, Japan, March 19, 2015 --- Hitachi, Ltd. (TSE:6501) today announced that it will participate in “Earth Hour 2015” — the world’s largest environmental campaign, conducted by the World Wide Fund for Nature (WWF). In 21 countries where Hitachi sites are located, illumination for signboards, offices, and other lighting will be turned off for one hour from 20:30 to 21:30 local time on Saturday, March 28.

“Earth Hour” started in 2007 as an international event in which people all over the world share their desire to “halt global warming” and “protect Earth’s environment” by turning off their electricity on the same day at the same hour. It is the largest event in the world today, with over 7,000 cities in more than 150 countries participating.

Hitachi has been conducting a lights-off campaign in Japan as part of “Hitachi Group Summertime Energy Saving Initiative”. This year Hitachi will also participate in “Earth Hour” by turning off its lights globally as a way of further raising awareness of the need to halt global warming and protect the environment. Specifically, as a Lights-Off Campaign, Hitachi will turn off signboard illumination for one hour from 20:30 to 21:30 on Saturday, March 28 at its sites in Sydney, Australia, Shanghai, China, Hong Kong, Bangkok, Thailand, Dubai, United Arab Emirates, and other cities. Furthermore, for an extension period from Monday, March 23 until Friday, March 27, the Group is calling for interior and exterior lighting to be turned off at its manufacturing plants and offices. 90 companies of Hitachi group, from 206 sites in 21 countries plan to participate in this initiative, which is expected to reduce electricity consumption by 350,000 kWh*.

Hitachi is promoting global production that reduces the environmental burden of a product throughout its life cycle, based on the three pillars of global warming prevention, resource conservation, and ecosystems preservation. Through activities such as the “Hitachi Global Lights-Off Campaign”, Hitachi will act to further increase awareness of the need for environmental consideration and reduce CO2 emissions. At the same time, it will contribute to the realization of a sustainable society through the Social Innovation Business.

* An approximate reduction in electricity consumption of 350,000 kWh corresponds to a CO2 emission reduction of approximately 200t-CO2. / CO2 emission per unit of 0.570 kg CO2 / kWh is based on the figures for fiscal 2013 of the Environmental Action Plan by the Japanese Electric Utility Industry (Federation of Electric Power Companies of Japan).

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

US

Tamie Nagamoto
Hitachi America, Ltd.
+1-914-333-2987
tamie.nagamoto@hal.hitachi.com

Japan

Yuko Taniuchi
Hitachi, Ltd.
+81-3-5208-9324
yuko.taniuchi.fw@hitachi.com

26 March 2015

ST. PETERSBURG, FLA. (March 26, 2015) – Building on one of the most successful INDYCAR partnerships in recent memory, Team Penske and Hitachi Group announced today that Hitachi will return as a sponsor for all of the team’s cars competing in the Verizon IndyCar Series.

The No. 3 Team Penske Dallara/Chevrolet will be driven by three-time Indianapolis 500 winner Helio Castroneves. The Hitachi logo will once again adorn Castroneves’ IndyCar this season, and in the future under the terms of the multi-year partnership extension.

Beginning this weekend at the Firestone Grand Prix of St. Petersburg (Fla.), Castroneves will race the distinctive black and white No. 3 Hitachi Chevy at eight events during the 2015 Verizon IndyCar Series. The remaining Hitachi primary-sponsored races for the series include: the Indy Grand Prix of Louisiana in Avondale, La.; the Angie’s List Grand Prix of Indianapolis in Indianapolis, Ind.; the Chevrolet Dual in Detroit presented by Quicken Loans in Detroit, Mich.; the ABC Supply Wisconsin 250 in West Allis, Wisc.; the Iowa Corn Indy 300 in Newton, Iowa; the Honda Indy 200 at Mid-Ohio in Lexington, Ohio; and the GoPro Grand Prix of Sonoma in Sonoma, Calif. Hitachi will also continue to serve as an associate sponsor on the rest of the Team Penske full-season entries in 2015, including the No. 1 Dallara/Chevrolet driven by defending series champion Will Power, the No. 2 Chevy with former series champ and Indy 500 winner Juan Pablo Montoya as well as the No. 22 Chevrolet driven by Simon Pagenaud in his first season competing for Team Penske. 

“Hitachi’s automotive business is very proud to be a consistent supporter of IndyCar Racing, which continues to grow in popularity in North America,” said Rob Sharpe, Vice President – Sales Division, Hitachi Automotive Systems Ltd. “Our Penske partnership is a clear demonstration of ‘teamwork and technology,’ where Hitachi can leverage its racing applications and automotive expertise in one of the world’s most competitive racing environments.”

“The sponsorship gives a strong boost to our recruitment efforts as well, particularly from the engineering association and excitement involved with motorsports, as well as from the strong association with Helio Castroneves, who is a great representative of Hitachi,” said Sharpe.

“Our partnership with Hitachi has grown and developed over the last four seasons and we are proud of the success we have had together in the Verizon IndyCar Series,” said Roger Penske. ”Hitachi has established itself as an important partner in the series, not only with Helio and our team, but also working with Chevrolet on their engine fuel injection systems. We are excited to build on that winning formula in 2015 and beyond as we continue Team Penske’s integrated global partnership with Hitachi.”

After first competing with Team Penske in the 2012 INDYCAR season, Hitachi became a primary sponsor on the No. 3 Chevy driven by Castroneves at select races in 2013 when the popular Brazilian driver finished second in the championship. Last season, Hitachi was the primary sponsor for Castroneves for approximately half of the INDYCAR races, as the No. 3 team once again finished as series runner-up behind Power, who claimed his first title. Adding to the winning combination on the track, Castroneves and Hitachi have worked together to build the “One Hitachi” brand around Hitachi’s social innovation business as a key part of the company’s integrated marketing efforts. 

“Hitachi has been an awesome partner for Team Penske and we are all very excited to welcome them back to the No. 3 Chevy team this season,” said Castroneves. “I have had a great time racing and winning for Hitachi and getting a chance to represent them off the track as well. With Hitachi’s continued support, hopefully we can bring home the championship for Team Penske this season.”

Hitachi experienced its first win and first pole position as a primary sponsor in Verizon IndyCar Series competition last season with Castroneves during the Chevrolet Dual in Detroit presented by Quicken Loans doubleheader race weekend. 

“The 2015 sponsorship with Team Penske continues to provide the Hitachi Group with a tremendous opportunity to leverage the branding and social media value of a great IndyCar racing team,” said Yoshiyuki Ohno, Senior Vice President, Hitachi America, Ltd., a wholly-owned subsidiary of Hitachi, Ltd. “Since 2012, Hitachi has been able to leverage its technology and applications experience, along with data analytics expertise, to help Penske build this successful racing team, while also developing new components for production vehicles that are on the road today.”

“Partnering with such prominent names as Team Penske and Helio Castroneves also puts Hitachi in a strong position to continue to build our global brand strategy around Hitachi’s Social Innovation Business," he continued.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others.

For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Hitachi America, Ltd.

Hitachi America, Ltd. headquartered in Tarrytown, New York, a subsidiary of Hitachi, Ltd., and its subsidiary companies offer a broad range of electronics, power and industrial equipment and services, automotive products and consumer electronics with operations throughout the Americas. For more information, visit www.hitachi-america.us. For more information on other Hitachi Group companies in the United States, please visit www.hitachi.us.

About Hitachi Automotive Systems Americas, Inc.

Hitachi Automotive Systems Americas, Inc., a subsidiary of Hitachi America, Ltd., manufactures, remanufactures and markets a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems for all major automotive original equipment manufacturers and aftermarket customers worldwide, providing leadership within Hitachi Automotive Systems’ global operations as the regional headquarters in the Americas. The company is headquartered in Harrodsburg, KY. For more information, please visit www.hitachi-automotive.us.

About Team Penske

Team Penske is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have produced more than 400 major race wins, over 450 pole positions and 27 National Championships. The team has also earned 15 Indianapolis 500 victories in its storied history. Team Penske was also recently recognized by the Sports Business Journal as a finalist for the publication’s prestigious annual Professional Sports Team of the Year award. For more information about Team Penske, please visit www.teampenske.com.

Contacts

Jonathan Gibson
jonathan.gibson@penskeracing.com
(704) 962-1307

Theodore Lowen
Theodore.lowen@hal.hitachi.com
914-333-2986