30 March 2011

Tokyo, March 30, 2011 – Hitachi, Ltd. (NYSE: HIT / TSE: 6501, “Hitachi”), Mitsubishi Electric Corporation (TSE: 6503, “Mitsubishi Electric”) and Mitsubishi Heavy Industries, Ltd. (TSE: 7011, “MHI”) today announced that they have entered into a basic agreement calling for the three companies to consolidate their hydroelectric power generation system operations. Discussions toward this end have been under way since last year, as previously announced on July 5, 2010. Under the agreement, the three companies agreed to establish a preparatory company (the “Preparatory Company”) in May 2011 as a subsidiary of Hitachi and to transfer their hydroelectric power generation system operations to the Preparatory Company by way of simplified company split (the “Company Split”).

In the coming years, hydroelectric power generation is expected to attract continuous demand as a clean renewable energy contributing toward the realization of a low-carbon society. In Japan, while the number of projects in planning to build large-scale new plants has been decreasing, demand is expected to remain solid for renovation and preventive maintenance of existing power generation facilities and for upgrading of power generation capacity. In overseas markets, vigorous and sustained demand is anticipated in such countries as China, where large-scale electric power development projects leveraging that nation’s abundant water resources are in progress, as well as in Latin America and India. For Japanese manufacturers the business environment continues to be severe, however, due to competition against European manufacturers and expansion into overseas markets by Chinese manufacturers.

Against this backdrop, Hitachi, Mitsubishi Electric and MHI reached a common recognition that the most effective means to strengthen and expand related business would be to pool their respective operating resources and engage jointly in hydroelectric power generation system operations.

Outline of the Company Split

1. Split Method

Hitachi, Mitsubishi Electric and MHI will transfer their respective operations to the Preparatory Company by way of simplified company split.

2. Operations to be Transferred

Hitachi

1. Marketing, installation and after-sale services pertaining to the water turbines, generators, and auxiliary controllers and other equipment and devices that comprise hydroelectric power generation facilities and equipment
2. Hydroelectric power generation systems engineering
3. Development and design of core components (water turbines, generators and auxiliary controllers, etc.) of hydroelectric power generation systems

Mitsubishi Electric

1. Marketing, installation and after-sale services pertaining to the water turbines, generators and auxiliary controllers and other equipment and devices that comprise hydroelectric power generation facilities and equipment
2. Hydroelectric power generation systems engineering
3. Development and design of core components (generators and auxiliary controllers, etc.) of hydroelectric power generation systems

MHI

1. Marketing, installation and after-sale services pertaining to the water turbines and auxiliary controllers and other equipment and devices that comprise hydroelectric power generation facilities and equipment
2. Hydroelectric power generation systems engineering
3. Development and design of core components (water turbines, etc.) of hydroelectric power generation systems

Outline of Splitting Companies

Hitachi, Ltd.

1. Scope of business: Development, manufacture and sales of products and provision of services across 11 segments: Information & Telecommunication Systems, Power Systems, Social Infrastructure & Industrial Systems, Electronic Systems & Equipment, Construction Machinery, High Functional Materials & Components, Automotive Systems, Components & Devices, Digital Media & Consumer Products, Financial Services, Others (consolidated)
2. Establishment: February 1, 1920
3. Headquarters: 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo
4. President: Hiroaki Nakanishi
5. Capital (as of March 31, 2010): 408,810 million yen
6. Shares (as of March 31, 2010): 4,518,132,365
7. Stockholders’ equity (as of March 31, 2010): 1,284,658 million yen (consolidated)
8. Total assets (as of March 31, 2010): 8,951,762 million yen (consolidated)
9. Close of fiscal year: March 31
10. Principal shareholders and their holdings (as of March 31, 2010):
    The Master Trust Bank of Japan, Ltd. (Trust Account): 7.0%
    Japan Trustee Services Bank, Ltd. (Trust Account): 5.8%
    NATS CUMCO: 3.2%

Mitsubishi Electric Corporation

1. Scope of business (consolidated): Development, production, marketing and servicing of energy and electric systems, industrial automation systems, information & communication systems, electronic devices, home appliances, etc.
2. Establishment: January 15, 1921
3. Headquarters: 2-7-3, Marunouchi, Chiyoda-ku, Tokyo
4. President & CEO: Kenichiro Yamanishi
5. Capital (as of March 31, 2010): 175,820 million yen
6. Shares (as of March 31, 2010): 2,147,201,551
7. Stockholders’ equity (as of March 31, 2010): 1,021,194 million yen (consolidated)
8. Total assets (as of March 31, 2010): 3,215,094 million yen (consolidated)
9. Close of fiscal year: March 31
10. Principal shareholders and their holdings (as of March 31, 2010):
    The Master Trust Bank of Japan, Ltd. (Trust Account): 8.9%
    Japan Trustee Services Bank, Ltd. (Trust Account): 5.4%
    State Street Bank and Trust Company: 4.9%

Mitsubishi Heavy Industries, Ltd.

1. Scope of business: Manufacture, etc. in the fields of shipbuilding & ocean development, power systems, machinery & steel structures, aerospace, medium-lot manufactured machinery, etc.
2. Establishment: January 11, 1950
3. Headquarters: 16-5, Konan 2-chome, Minato-ku, Tokyo
4. President: Hideaki Omiya
5. Capital (as of March 31, 2010): 265,608 million yen
6. Shares (as of March 31, 2010): 3,373,647,813
7. Stockholders’ equity (as of March 31, 2010): 1,328,772 million yen (consolidated)
8. Total assets (as of March 31, 2010): 4,262,859 million yen (consolidated)
9. Close of fiscal year: March 31
10. Principal shareholders and their holdings (as of March 31, 2010):
    Japan Trustee Services Bank, Ltd. (Trust Account): 4.6%
    The Master Trust Bank of Japan, Ltd. (Trust Account): 3.9%
    The Nomura Trust and Banking Co., Ltd. (holder in retirement benefit trust for The Bank of Tokyo-Mitsubishi UFJ, Ltd.): 3.7%

Outline of the Preparatory Company

Name: HM Hydro, Ltd. (subject to change)

Headquarters: Tokyo

Establishment: May 2011

Representative: To be announced

Scope of business: Marketing, plant engineering, installation and after-sale servicing of hydropower generation systems; development and design of core components (water turbines, generators, etc.) of hydropower generation systems

Capital: 200 million yen

Equity distribution: Hitachi 98%, Mitsubishi Electric 1%, MHI 1%

Note: The capital and equity distribution data presented above refer to the planned status at the time of company establishment in May 2011. Changes are planned to take effect from October 1, 2011.

Schedule of the Company Split

Date of approval of company split agreement: July 2011

Date of signing of company split agreement: July 2011

Effective date: October 1, 2011

Note: The Company Split is deemed to be a simplified company split pursuant to Article 784, Paragraph 3 of the Companies Act of Japan. Therefore, Hitachi, Mitsubishi Electric and MHI do not plan to convene shareholders’ meetings to seek approval for the company split agreement.

Further details concerning the Company Split will be announced once they have been determined. The impact of the Company Split on the business results of Hitachi, Mitsubishi Electric and MHI is expected to be negligible.

PRESS CONTACT

Hitachi, Ltd.

Japan
Yuichi Izumisawa
Hitachi, Ltd.
Tel: +81-3-5208-9324
yuichi.izumisawa.by@hitachi.com

U.S.
Mickey Takeuchi
Hitachi America, Ltd.
Tel: +1-914-333-2987
Masayuki.Takeuchi@hal.hitachi.com

Mitsubishi Electric Corporation

Public Relations Division
Tel: +81-3-3218-3380
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/

Mitsubishi Heavy Industries, Ltd.

Hideo Ikuno
h.ikuno@daiya-pr.co.jp
Tel: +813-6716-5277, Fax: +813-6716-5929
Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.)

6 April 2011

Tokyo, April 6, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it decided on a plan for the year-end dividend for fiscal year ended March 31, 2011 as follows. The record date for this dividend is March 31, 2011.

On March 17, Hitachi announced that it would decide on the year-end dividend for the fiscal year ended March 31, 2011 after conducting a detailed investigation of the impact on Hitachi’s business performance resulting from the Great East Japan Earthquake. The forecast for the year-end dividend before the announcement was 3 yen per share. Having obtained a certain level of projection on the status of excess capital, Hitachi has decided the plan to pay year-end dividend in the amount of 3 yen per share. This year-end dividend is scheduled to be finally authorized at the meeting of the Board of Directors to be held in May 2011.

The Year-End Dividend

*1 The calculation of the aggregate amount of the year-end dividend is based on 4,517,723,961 shares, which deducted 2,421,003 shares of treasury stock from total issued shares of 4,520,144,964 shares as of March 31, 2011.

(Reference)

*2 The amount consists of ordinary dividend of 3 yen per share and commemorative dividend of 2 yen per share for Hitachi’s centennial anniversary.

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 investments in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors which Hitachi serves, including, without limitation, the information, electronics, automotive, construction and financial sectors;
• exchange rate fluctuations for the yen and 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 in Japan, declines in which may require Hitachi to write down equity securities that it holds;
• the potential for significant losses on Hitachi’s investments in equity method affiliates;
• increased commoditization of information technology products and digital media-related products and intensifying price competition for such products, particularly in the Components & Devices and the Digital Media & Consumer Products segments;
• uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technology 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 and synthetic resins and 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 and shortages of materials, parts and components;
• 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 and other cost reduction measures;
• general socio-economic 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, or 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 possibility of disruption of Hitachi’s operations in Japan by earthquakes 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 and that of its customers;
• uncertainty as to the accuracy of key assumptions Hitachi uses to valuate 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 Hitachi’s periodic filings with the U.S. Securities and Exchange Commission and in other materials published by Hitachi.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan

Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
masanao.sato.sz@hitachi.com

U.S.

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

6 April 2011

Tokyo, Japan, April 6, 2011 – Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced the following information regarding the effects on the Hitachi Group of the Great East Japan Earthquake on March 11, and regarding the responses of Hitachi, as of April 6.

Hitachi expresses deep condolences for victims of the earthquake and sincerely hopes for the earliest possible recovery in all regions involved.

Utilizing the Hitachi Group Headquarters for Post-earthquake Reconstruction and Redevelopment (led by Hitachi, Ltd. President Hiroaki Nakanishi) as its control tower, Hitachi is combining all of the Group’s resources in promoting the following activities aimed at achieving the fastest possible recovery in its damaged bases of operation.

1. Providing Support in Affected Regions

Up to now, the Hitachi Group has already decided to provide support with a total value of 750 million yen, including the provision of flat panel TVs, dry cell batteries, and Disaster Victim Support Systems* for local municipalities with no charge and others to aid victims of the disaster and to assist in recovery efforts. The Group will continue to offer additional support quickly, in response to conditions in the affected areas.

* Disaster Victim Support System: A system that provides support to operations undertaken by municipal governments in the event of an earthquake or other natural disaster. The system’s program is provided by the Local Authorities Systems Development Center (LASDEC).

2. Status of Employees

Hitachi will continue confirming the status of Hitachi Group employees and their families who have been affected by the disaster.

3. Assistance at the Fukushima Daiichi Nuclear Power Station of TEPCO

The 24-hour Emergency Response Center for Nuclear Power was established at the Hitachi, Ltd. Head Office immediately after the earthquake struck on March 11. In addition to dispatching engineers from Hitachi to work on joint teams formed in collaboration with The Tokyo Electric Power Company, Inc. (TEPCO) and the Japanese government, a work team comprising about 370 engineers and other workers has been formed, and up to now about 300 employees have been dispatched to the site, where they are concentrating every possible effort into recovering electricity within the power station, assisting in the cooling of the nuclear reactor pressure vessels and pools for spent nuclear fuels, and draining the water out from turbine buildings and tunnels. Also, over 1,000 staff members within the Hitachi Group are providing support and assistance where it is needed, collaborating with General Electric Co., a partner of nuclear power systems business. Devoting all available resources of the Hitachi Group, Hitachi will continue to fully cooperate with TEPCO and the Japanese government in efforts to improve the situation, for example through technical support and procurement.

4. Assistance in resolving the power supply shortage

Immediately after the earthquake on March 11, the Emergency Response Center for Thermal Power was established at Hitachi, Ltd. to provide support in resuming operations at damaged thermal power plants. Up to now, about 300 engineers have been dispatched to the power plant sites. Hitachi continues to offer proposals for new- and additional-installation of power-generating equipment, such as turbines, in response to requests from various electric power companies. Additionally, in order to prepare and resolve the electric power supply shortages, Hitachi operationalized its privately-owned electrical power facility to be able to respond to requests from power companies.

5. Status of Recovery at Business and Production Bases

Recovery operations are currently underway at the Group’s main production bases. At this time, main production bases are either partially or fully operational.

In the Power Systems business, on March 29, production resumed with the exception of some production line at the Hitachi, Ltd. Power Systems Company, Hitachi Works (Hitachi-shi, Ibaraki Pref.), where mainly manufactures turbines and power generators. For gas and steam turbines for domestic and overseas customers, production resumed and recovered 90 percent of its production capacity in comparison with the capacity before the earthquake. Aiming to operate with full capacity at the end of April 2011, Hitachi is running an accuracy test for its production lines. In the Information & Telecommunication Systems business, support staff have been dispatched from Hitachi bases across the country to affected regions, where they continue their efforts to recover customers’ systems.

In the Elevators and Escalators business, escalators and printed circuit board for escalators and elevators production partially resumed at the Hitachi, Ltd. Urban Planning and Development Systems Company, Mito Works (Hitachinaka-shi, Ibaraki Pref.). Hitachi is accelerating its initiatives to recover its full-scale production.

At manufacturing bases for automotive components where production had been temporarily suspended due to the effects of the earthquake, production operations partially resumed at Hitachi Automotive Systems, Ltd., Sawa Works (Hitachinaka-shi, Ibaraki Pref.) and Fukushima Works (Date-gun, Fukushima Pref.) on March 25, and both domestic and overseas shipments have begun. Hitachi also recovered most of its production lines in the week of March 28. Hitachi will continue to resume production on an increasing number of components, and to invest all its energies into ensuring a stable supply of products.

About Hitachi, Ltd.

Hitachi, Ltd. (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan

Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
masanao.sato.sz@hitachi.com

U.S.

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

12 April 2011

Tokyo, April 12, 2011 - - - - - Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it has established the “Fukushima Nuclear Power Stations Project Division”(Tentative name), effective today, to reinforce its support structure for the Fukushima Nuclear Power Stations of The Tokyo Electric Power Company, Inc. (TEPCO). With the new system, which will be directly supervised by the President, Hitachi is determined to reinforce the support structure for the Japanese government and TEPCO. Akira Maru, Senior Officer for Nuclear Power Plant Business, will serve as General Manager of the new division.

In addition that Hitachi has dispatched engineers to the joint teams formed in collaboration with the Japanese government and TEPCO with the 24-hour Emergency Response Center for Nuclear Power that Hitachi established on March 11, 2011, immediately after the earthquake struck, a work team comprising about 370 engineers and other workers has been formed, and about 350 employees have been dispatched to the site, where they are concentrating every possible effort into recovering electricity within the power station, assisting in cooling the nuclear reactor pressure vessels and pools for spent fuels, draining the water from the turbine buildings and trenches, offering new and additional installations of power-generating equipment, and installing a nitrogen-injection system for the containment vessels and a contaminated water treatment system. Hitachi also collaborates with General Electric Company (GE), a partner of nuclear power business. More than 1,000 staff members, mainly from Hitachi-GE Nuclear Energy, Ltd. (“Hitachi-GE”), and GE-Hitachi Nuclear Energy Holdings LLC (“GE-Hitachi”), are providing support and assistance where it is needed.

With the newly established "Fukushima Nuclear Power Stations Project Division"(Tentative name) as Hitachi’s central organ of support efforts, Hitachi launched a new joint Japanese and U.S. expert team that consists of resources from Hitachi, Hitachi-GE, GE-Hitachi, Hitachi Power Systems America("HPSA"), some major U.S. electric utility and engineering company. Hitachi-GE and GE-Hitachi are operating the nuclear power business under the partnership between Hitachi and GE. HPSA is controlling the power business of Hitachi Group in the United States.

The major U.S. electric utility and engineering company, which have become our new partners, have ample experience in restoration measures from the nuclear emergency that occurred at the Three Mile Island nuclear power plant in the United States and the accident that occurred at the nuclear power station in Chernobyl, Ukraine. Harnessing the considerable experience of these partners’ professional teams, Hitachi will strengthen the continued short-term countermeasures to cool down the nuclear reactors, prevent the contamination from expanding and restore the functions of the pools for spent fuels, etc. Hitachi will also formulate a wide range of medium- to long-term disaster countermeasure plans and put them into practice in cooperation with these partners and propose the best plans to the Japanese government and TEPCO. Such medium- to long-term plans are about the handling of nuclear fuel, removing contamination from nuclear plants, treating and disposing of waste, maintaining the plants in the medium term and proceeding with final decommissioning.

As a crucial part of the joint Japanese and U.S. expert team, Hitachi continues to fully cooperate with the Japanese government and TEPCO in effort to improve the situation at the Fukushima Nuclear Power Stations.

About Hitachi’s cooperative relationship with General Electric Company ("GE") of the United States in the nuclear power field Hitachi and GE established joint venture companies in 2007 to construct, maintain, and provide related services for nuclear power plants and are proactively pursuing international business activities. The Japan-based joint venture, Hitachi-GE Nuclear Energy is roughly 80% owned by Hitachi and 20% owned by GE, and the United States-based joint venture, GE-Hitachi Nuclear Energy is 60% owned by GE and 40% owned by Hitachi.

About Hitachi, Ltd.

Hitachi, Ltd. (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the “Social Innovation Business,” which includes information & telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

Contacts

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

---Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.---

25 April 2011

Tokyo, April 25, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced director candidates in accordance with a decision taken at a meeting of Nominating Committee convened today, and is subject to approval at Hitachi’s Ordinary General Meeting of Shareholders in June 2011.

1. Director Candidates <Proposed at Hitachi’s Ordinary General Meeting of Shareholders in June 2011> [* New]

<Chairman of the Board>

• Takashi Kawamura, currently Chairman of the Board

<Outside Director>

• Yoshie Ota, currently Outside Director
• Mitsuo Ohashi, currently Outside Director, Advisor of Showa Denko K.K.
• *Nobuo Katsumata, currently Chairman, Member of the Board of Marubeni Corporation
• Tohru Motobayashi, currently Outside Director, Lawyer, Partner, Ihara & Motobayashi

<Director>

• Isao Ono, currently Director, Chairman of the Board of Hitachi Solutions, Ltd.
• *Stephen Gomersall, currently Chairman of the Board of Hitachi Europe Ltd. (Group Chairman for Europe)
• Tadamichi Sakiyama, currently Director
• Masaharu Sumikawa, currently Director, Chairman of the Board of Hitachi Plant Technologies, Ltd.
• Hiroaki Nakanishi, currently Director, Representative Executive Officer and President
• Michiharu Nakamura, currently Director
• *Takashi Hatchoji, currently Deputy General Manager of Hitachi Group Headquarters for Post-earthquake Reconstruction and Redevelopment, Chairman of the Board of Hitachi America, Ltd. (Group Chairman for the Americas)
• Takashi Miyoshi, currently Director, Representative Executive Officer, Executive Vice President and Executive Officer

2. Resigning Directors

• Akihiko Nomiyama, currently Outside Director, Honorary Executive Consultant, JX Holdings, Inc.
• Kenji Miyahara, currently Outside Director, Honorary Advisor, Sumitomo Corporation

3. Biography of New Director Candidates

Nobuo Katsumata

Stephen Gomersall

Takashi Hatchoji

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan
Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
masanao.sato.sz@hitachi.com

U.S.
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

27 April 2011

Hitachi and MHI Begin Specific Discussion on Supportive Measures for Fukushima Daiichi Nuclear Power Station

Tokyo, April 27, 2011 – Hitachi, Ltd. (TSE:6501/ NYSE:HIT) and Mitsubishi Heavy Industries, Ltd. (TSE:7011) today announced that they have begun discussions on sharing specific roles and defining actual procedures for jointly implementing measures to support recovery efforts at the Fukushima Daiichi Nuclear Power Station operated by Tokyo Electric Power Company, Incorporated (TEPCO).

Immediately after the March 11 earthquake, Hitachi established a 24-hour “Emergency Response Center for Nuclear Power” on March 11, immediately after the earthquake struck. Since then the company has dispatched approximately 500 engineers and other workers to the Fukushima site and is making every possible effort toward restoring electricity within the power plants. The company has also established a “Fukushima Project Supervisory Office,” and it has launched a joint team of Japanese and American experts in cooperation with U.S. utility firms and engineering companies. The team is now working to strengthen the short-tem measures currently in place and formulate medium- to long-term countermeasure plans.

Concurrent with these initiatives at Hitachi, MHI established an “Emergency Operation Center” and began providing support relating to the Fukushima Daiichi Nuclear Power Plant, including provision of emergency supplies such as radiation shields and conversion work on the Mega-Float to be used to store large volumes of contaminated water. The company has also proposed medium- and long-term plans that include a contaminated water treatment system, cooling system, and measures to enclose the plant buildings. Meanwhile, as a comprehensive heavy machinery manufacturer, MHI has been studying how to provide support in areas not directly involving nuclear power: for example, robots, special vehicles and aircraft.

Hitachi and MHI will discuss maximum utilization of their respective technologies and of the technologies of their respective partner companies in order to support the Japanese government and TEPCO in every way possible toward improving conditions at the Fukushima Daiichi Nuclear Power Station.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 2,940.6 billion yen in fiscal 2009, the year ended March 31, 2010. MHI’s diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.

For more information, please visit the MHI website (http://www.mhi.co.jp/en/index.html).

Contacts

Japan
Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
masanao.sato.sz@hitachi.com

U.S.
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

27 April 2011

Hitachi Announces Recognizing Extraordinary Item on an Unconsolidated Basis

Tokyo, April 27, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that the Company plans to post 52.9 billion yen in write-downs of subsidiaries and affiliated companies shares in line with a decline in market price or actual price as an extraordinary loss on an unconsolidated basis for the fiscal year ended March 31, 2011.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan
Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
masanao.sato.sz@hitachi.com

U.S.
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

27 April 2011

Tokyo, April 27, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced the Company’s consolidated business forecasts, as of April 27, 2011, for fiscal 2010, year ended March 31, 2011, in light of recent business performance.

1. Consolidated Business Forecasts for Fiscal 2010
(From April 1, 2010 to March 31, 2011) (Millions of yen)

Differences From Previous Forecasts

Revenues and operating income for fiscal 2010 are projected to be largely in line with the previous business forecasts announced on February 3, 2011, despite damage to buildings and production facilities, as well as in-process products caused by the Great East Japan Earthquake. This is due to Group-wide efforts to restore production lines after the earthquake and the benefits of ongoing business structure reforms.

Net other deductions and income before income taxes are expected to be the same as previous forecasts due to a decline in exchange losses and other factors, offset by losses on fixed assets and a deterioration in equity in net (earnings) loss of affiliated companies resulting from the Great East Japan Earthquake.

Furthermore, net income attributable to Hitachi, Ltd. is projected to be in line with the previous forecast, with a decline in deductions of net income attributable to noncontrolling interests offsetting higher income taxes.

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 investments in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors which Hitachi serves, including, without limitation, the information, electronics, automotive, construction and financial sectors;
• exchange rate fluctuations for the yen and 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 in Japan, declines in which may require Hitachi to write down equity securities that it holds;
• the potential for significant losses on Hitachi’s investments in equity method affiliates;
• increased commoditization of information technology products and digital media-related products and intensifying price competition for such products, particularly in the Components & Devices and the Digital Media & Consumer Products segments;
• uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technology 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 and synthetic resins and 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 and shortages of materials, parts and components;
• 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 and other cost reduction measures;
• general socio-economic 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, or 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 possibility of disruption of Hitachi’s operations in Japan by earthquakes 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 and that of its customers;
• uncertainty as to the accuracy of key assumptions Hitachi uses to valuate 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 Hitachi’s periodic filings with the U.S. Securities and Exchange Commission and in other materials published by Hitachi.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan
Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
masanao.sato.sz@hitachi.com

U.S.
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

9 May 2011

Hitachi Accepts an Order for Two New Proton Beam Therapy Systems in the U.S.

Tokyo, May 9, 2011--Hitachi, Ltd. (TSE:6501/NYSE:HIT) today announced that it has entered into an agreement to provide Mayo Clinic with its proton beam therapy (PBT) system. This next-generation technology has spot scanning capability for treating certain forms of cancer. The agreement includes PBT system maintenance for both facilities for 10 years following completion of the systems’ installation.

Hitachi will provide Mayo Clinic with two sets of PBT systems. The systems will be installed at facilities in Rochester, Minnesota and Phoenix, Arizona. The new program will employ intensity modulated proton therapy — based on spot scanning — which is a more precise form of proton therapy treatment that allows greater control over radiation doses, shorter treatment times and fewer side effects. It is also believed to be more cost effective in selected patients.

At each facility, there will be four treatment rooms with the rotating gantry systems and one fixed beam room initially used for research and development. The PBT systems installed will be a compact design with a foot print that is approximately 40 percent smaller than that of the conventional system. Construction for both facilities is scheduled to commence later this year, and proton therapy patient treatment is expected to be offered in the summer of 2015 and spring 2016, respectively.

Hiroaki Nakanishi, Representative Executive Officer and President of Hitachi, said, "It is an honor to have our technology recognized and to be selected to provide our PBT system. We are especially proud of the fact that this is the first time multiple proton therapy systems are being provided under a single contract. Hitachi pioneered proton beam therapy technology in Japan and devoted research and development resources to improve this technology over the past 20 years. Hitachi’s expertise in accelerators, irradiation and control systems played a key role in the development and refinement of PBT systems. Hitachi will continue to contribute to improving treatment outcomes for people with cancer by promoting PBT business globally.”

PBT is an advanced type of cancer radiotherapy. Protons, the atomic nucleus of hydrogen, are accelerated at high speed and its energy is concentrated on tumors. PBT improves the quality of life for cancer patients since patients experience no pain during treatment and the procedure has fewer impacts on bodily functions. In most cases, patients can continue with their normal daily activities while undergoing treatment.

Spot scanning technology became feasible by advancing the uniform quality beam extraction technology from the accelerator and beam control technology with high accuracy, which includes three primary benefits: (1) more accurate irradiation which can reduce the side effects to the healthy tissues surrounding the tumor compared with conventional double scattering irradiation; (2) patient-specific collimators and boluses are not necessary; and (3) proton beam usage factor is high, reducing unnecessary secondary radiation.

Since the 1990’s, interest in proton beam therapy as a form of cancer treatment has been rapidly increasing in the U.S. Given the growing demand for more advanced and less detrimental treatment modalities, interest in proton therapy is on the rise, with more and more hospitals and cancer treatment facilities venturing into this area. In December 2007, for the first time in the U.S., Hitachi cleared the FDA Premarket Notification Special 510(k) for spot scanning irradiation technology.

About Hitachi

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Japan

Yuichi Izumisawa
Hitachi, Ltd.
+81-3-5208-9324
yuichi.izumisawa.by@hitachi.com

U.S.

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

17 May 2011

--Hitachi to Serve as Project Leader--

Tokyo, May 17, 2011 – Hitachi, Ltd. (NYSE: HIT / TSE: 6501, “Hitachi”), Cyber Defense Institute, Inc. (“Cyber Defense Institute”), JFE Engineering Corporation (“JFE Engineering”), Sharp Corporation (TSE: 6753, “Sharp”), Hewlett-Packard Japan, Ltd. (“HP Japan”), and Mizuho Corporate Bank, Ltd. (“Mizuho Corporate Bank”) today announced that U.S. and Japan companies have been selected as contractors for joint “Project” collaboration supporting a world-leading Smart Grid project on Maui, a Hawaiian island that will serve as the Project site. The Project will be spearheaded by the New Energy and Industrial Technology Development Organization (“NEDO”). Hitachi will take a leading role and coordinate the entire project, serving as the project leader.

Hitachi, along with the other five participating companies, will conduct a feasibility study expected to be completed by the middle of September 2011. Based on the results of the feasibility study, the Project is expected to be implemented by the end of March 2015.

The Project, a joint undertaking by the U.S. and Japan, will be aimed at demonstrating a world-leading smart grid on Maui, a Hawaiian island. The Project is supported by NEDO, in cooperation with the U.S. State of Hawaii, Hawaiian Electric Company, Inc., the University of Hawaii, and Pacific Northwest National Laboratory, whose involvement is based on the Japan-U.S. Clean Energy Technologies Action Plan, which was agreed to following the Japan-U.S. heads of state summit held in November 2009.

On the island of Maui, 15% of the electricity supply is already generated by renewable energy, and there are plans to increase this percentage going forward. The goal of the Project is to verify cutting-edge technologies in a smart grid under the use of large volumes of renewable energy already in place, contribute to smart grid standards, and implement a low-carbon social infrastructure system that efficiently uses renewable energy on a remote island where electricity costs are relatively high.

The six participating companies will build and test a system that applies the latest technologies that will be utilized include: power distribution control, demand side load control, control-ICT platform, electric vehicles (EVs)　operation and charging control, multiple type of rapid chargers, and information and telecommunications technologies. The part of the demonstration plan includes utilization of the EVs as the stability function for the grid. These technologies will be implemented to eliminate the factors in causing power voltage impacts in the distribution grids and fluctuations in power frequency when large volumes of renewable energy with weather-dependent tendency are added to a power grid.

Specific details of the Project and the roles of participating companies are as follows:

1. EV-based Remote Island Smart Grid Model on Maui (Hitachi, Sharp, and JFE Engineering)
   With the goal of eliminating the impact of output fluctuations from renewable energy on power frequencies, the participating companies will establish an EV Energy Control Center to create a smart grid on an island without alternative energy source from other grids that is based on the a close coming society with EVs large penetration. They will facilitate comprehensive energy management for the EVs by linking a Distribution Management System (“DMS”) to be established in the Kihei district of the island, and an Energy Management System (“EMS”), which will control the demand-supply balance in the power grid of Maui Electric Company, Ltd. The companies will demonstrate the stimulation and inducement of demand for charging EVs that use car navigation systems, PCs, smartphones, and so forth, as well as charging status monitoring, automatic adjustment of charging starting times, and absorption of surplus efficient renewable energy. In addition, various types of rapid chargers will be installed, including flexible power supply type, photovoltaic DC to DC power supply type and DC power supply type with battery power at EV charging stations, and demonstrate their effectiveness at controlling EV chargers so they do not overload distribution facilities. Moreover, they will conduct simulated evaluating the impact that a large volume of EVs have on distribution networks by installing fixed storage batteries and charging and discharging them.
2. Smart Grid Model at a Substation with One Distribution Grid Level in Kihei (Hitachi)
   Hitachi will demonstrate power grid operational stability to address issues such as power voltage, surplus electricity and frequency fluctuations from renewable energy using and cooperative-controlling EMS, DMS and μ (micro) DMS that control the balance of supply and demand in a power grid. The goal of this demonstration is to solve various issues, including voltage issues related to reverse power flow that stem from photovoltaic solar power generation linked with distribution system terminals and excess load on low-voltage transformers when multiple EVs are charged at the same time.
3. Smart Grid Project for Low-voltage Transformer Level Systems (Hitachi)
   Hitachi will demonstrate the control to reduce the possibility of the problems which arise by connecting μ DMS, smart power conditioners and DMS demand response functions that address issues related to voltage at the low-voltage transformer level. Typically, it is possible that these problems arise due to an increase in photovoltaic solar power generation in homes and disruption of outdoor powerline to houses resulting from excess load that is caused by a large increase in power demand from EV rechargers and electric water heaters. The goal of this demonstration is to solve various issues, including voltage issues related to reverse power flow stemming from photovoltaic solar power generation that is linked with terminals on the distribution grids, and excess load on low-voltage transformers when multiple EVs are charged at the same time under EV large penetration.
4. Comprehensive Research
   The participating companies will analyze the results of the Project.
   (1) Analysis and evaluation of results from smart grid demonstration (6 companies)
   In order to promote the establishment of an optimal smart grid model for islands without alternative energy source from other grids, the participating companies will create a U.S.-Japan Joint Evaluation Committee, which will work together, creating maximum synergy by utilizing best practices developed from the Project along with other demonstration projects being conducted by U.S. companies in the Wailea distinct of Maui. The committee will also discuss international standards.
   2) Evaluation of cyber security (Hitachi, HP Japan, and Cyber Defense Institute)
   The three companies concerned will evaluate whether the Project meets cyber security standards in the U.S.
   (3) Evaluation of the economic viability of the system (Mizuho Corporate Bank)
   Mizuho Corporate Bank will use experts to evaluate the economic viability of the system that is created.
   (4) Creation and verification of a cutting-edge low-carbon social infrastructure system business model on a remote island (Hitachi, Mizuho Corporate Bank). In order to develop businesses in other regions, Hitachi and Mizuho Corporate Bank will create and evaluate a highly feasible and practical business model based on the results of the Project.

As cooperative companies, the following expertise will support the Project.
The Okinawa Electric Power Company, Incorporated : Advisor for Power Grid

Technology on remote island
- Advanced Energy Company: Advisor for EV charger Business
- Nissan Motor Co.,Ltd. : Adviser for EV telematics adaptation to the Project and

EV charging and discharging technology
- Verizon: Advisor on communications solutions and Network technology and
services

About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Cyber Defense Institute, Inc.
Cyber Defense Institute, Inc., (CDI), in Tokyo, Japan, is a cyber security assessment and audit company with approximately 30 employees.  CDI is a group of experienced cyber security professionals providing penetration testing from the “hacker’s view”, hands-on training (network/web application hacking, exploit writing, network/web application penetration testing, incident response, forensics, and malware analysis), forensics services, and information analysis/intelligence services.  CDI also provides security assessments for new areas such as smart phone security, smart grid and industrial (SCADA) system security. For more information on CDI, please visit the company's website at http://www.cyberdefense.jp/en/

About JFE Engineering Corporation
JFE Engineering Corporation is a leading international engineering company with approximately 7,500 employees. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 294 billion yen ($31.6 billion). JFE contributes building the sustainable society, focusing on energy infrastructure, urban environment, recycling, steel infrastructure and industrial machinery. We are committed to research and development of advanced technologies, with the aim of being a total engineering company that leads the world in each field. For more information on JFE, please visit the company’s website at http://www.jfe-eng.co.jp/en/index.html.

About Sharp Corporation
Since its founding in 1912, Sharp has developed numerous world-first and Japan-first products, including the first Japan-made radios, TVs, and the world’s first all-transistor/diode desktop calculator. Sharp has contributed to society by commercializing these unique products.
Today, in addition to its core LCD TV business, Sharp is also focusing on its solar cell business. It has been more than 50 years since Sharp first started researching solar cells. Over this long period of time, solar cells made by Sharp have been used not only in residential and industrial applications, but also on lighthouses and satellites, thus proving their long-term reliability. Sharp constructed one of the world’s largest solar cell production facilities for thin-film solar cells at Sakai City in Osaka Prefecture, which started mass production in March 2010.

Sharp Corporation employs 64,200 people worldwide (as of February 28, 2011), and recorded consolidated annual sales of 3,021,973 million yen for the fiscal year ended March 31, 2011. 

For more information, please visit Sharp’s Web site at http://sharp-world.com/index.html

About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at
http://www.hp.com

About Mizuho
Mizuho Corporate Bank, Ltd. provides financial and strategic solutions for the increasingly diverse and sophisticated needs of clients, focusing its efforts on serving major corporations, financial institutions, and public sector entities. A relationship management approach to serving clients enables Mizuho Corporate Bank, Ltd., together with affiliates such as Mizuho Securities Co. Ltd., to develop customized solutions in areas such as corporate, structured and project finance, investment banking, transaction banking and risk management. With offices in more than 30 countries, Mizuho Corporate Bank, Ltd. offers clients both localized service and the extensive reach of a global business network. Mizuho Corporate Bank, Ltd. is a subsidiary of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG / TSE:8411), one of the largest financial services companies in the world, with total assets of over $1.8 trillion as of September 30, 2010.

For more information on Mizuho , please visit the company's website at
http://www.mizuhocbk.com/index.html

Contacts

Japan

Masayoshi Yamaji
Hitachi, Ltd.
+81-3-5208-9324
masayoshi.yamaji.ca@hitachi.com

U.S.

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com