31 May 2010

Tokyo, May 31, 2010 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it has formulated a management plan “2012 Mid-term Management Plan” to promote "Growth Driven by Social Innovation Business" & "Solid Financial Base". Summary of “2012 Mid-term Management Plan” are below.

1. Key Strategy

(1) FY2009 Results and FY2012 Targets

* including noncontrolling interests

(2) Key Strategy: "Growth Driven by Social Innovation Business" & "Solid Financial Base"

Growth by the Social Innovation Business; made up of fusion of social infrastructure and IT, and materials and key devices

1. Leverage Hitachi’s strengths to promote a global growth strategy
   Strengthen locally led project control centers, develop detailed strategies in each region
2. Focus business resources on the Social Innovation Business
   Invest 1 trillion yen in the FY2010 to FY2012 period, spend 600 billion yen on R&D expenses
3. Strengthen the business structure to stabilize profitability
   Rigorously cut costs, improve net other deductions, etc., become a global CSR leader

(3) Key Strategy: Management Focus

1. Global/ Leverage Information, Experience and Trust of Hitachi to develop globally
2. Fusion/ Address social innovation needs by synergistic integration of social infrastructure and IT
3. Environment/ Refine ability to build environmental systems by drawing on environmental protection technologies and experience

2. Global Growth Strategy

(1) Promote and expand global localization

1. Strengthen project control center via local leadership
2. Accelerate development of a detailed strategy in each region
   1. Maintain Japan as a strong business base
   2. Emerging markets: Tap into robust social innovation demand, cooperate with partners
   3. Industrialized countries: Make environmental and integrated technology proposals to address demand to upgrade social infrastructure
   4. Japan: Develop environmental and integrated services leveraging a strong business base

(2) Expand business opportunities in collaboration with partners

1. China/ Cooperative projects in low-carbon society building and resource recycling fields [National Development and Reform Commission], Sino-Singapore Tianjin Eco-City project [Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd.]
2. India/ Delhi Mumbai Industrial Corridor [Delhi Mumbai Industrial Corridor Development Corporation Limited]
3. Singapore/ Strengthening of Social Innovation Business in the “Asian belt” zone [Singapore/Economic Development Board]

(3) Expand new businesses leveraging Hitachi’s strengths

1. Eco-friendly city
2. Water and sewage operation and management
3. Eco-friendly data centers
4. Energy-saving systems for LNG plants

(4) Global Growth Strategy Target

3. Focusing Business Resources on the Social Innovation Business

Focusing business resources／investment total 1.6 trillion yen on the Social Innovation Business

(1) Concentrate investments in FY2010-FY2012

1. Allocate 70% of total amount (1.4 trillion yen) for capital expenditures and strategic investments
2. FY2010-FY2012 total investment 1 trillion yen

(2) Strategically allocate R&D investment

1. Allocate 50% of total amount (1.2 trillion yen)
2. FY2010-FY2012 R&D investment 600 billion yen

<Major investment items>

Information & Telecommunication Systems
- Data center business

Power Systems
- Ramp up production of nuclear power plants

Social Infrastructure & Industrial Systems
- Increase production of railway systems, Elevator and escalator research laboratory, Healthcare

Construction Machinery
- Increase production in emerging markets, develop hybrid, electric drive

High Functional Materials & Components
- Develop materials for batteries, inverters and other environmental products

4. Strengthening the Business Structure to Stabilize Profitability

(1) Status of Improvement in “Underperforming” Businesses

(2) Cost-Cutting Measures

Reduce procurement costs, continue reducing fixed cost

(3) Reinforce Financial Position

• Improve profitability
  Expand strong products to improve operating income ratio, solid asset management, expand scope of consolidated tax filing
  - Consistently generate net income attributable Hitachi, Ltd. of at least 200 billion yen
• Strengthen financial position
  Raise net income attributable Hitachi, Ltd. to strengthen stockholders’ equity, reduce total assets, reduce interest-bearing debt, and continuously generate positive free cash flows
  - D/E ratio (including noncontrolling interests) to 0.8% times or below, total Hitachi, Ltd.’s stockholders’ equity ratio 20%

(4) Promote In-house Company System

In-house Company: Strengthen ability to quickly respond to change

• Delegation of authority in accordance with internal ratings
  - Speedy, autonomous management
• In-house Company evaluations based on FIV(Future Inspiration Value), operating income and cash flows

Corporate: Promote Hitachi Group management focused on generating synergies

• Share global advanced IT platform, manufacturing, procurement and brand
  - Lead the improvement of in-house companies competitiveness
• Capture faster synergies in corporate marketing, R&D and engineering divisions
  - Expand business coordination fields across in-house companies

(5) Become a Global CSR Leader

• Integrate CSR with management and business strategy
  - Transform into a truly global company with the same values as society

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;
• 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;
• 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 Hitachi’s major markets, 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 June 2010

Tokyo, June 9, 2010 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced strategies for seven businesses toward achieving the goals of its “2012 Mid-term Management Plan. On May 31, 2010, Hitachi announced “2012 Mid-term Management Plan,” which is three year plan until the fiscal year ending March 31, 2013. The primary goals of this new medium-term management plan are to achieve growth driven by the Social Innovation Business and establish a solid financial base.

Key Strategy

1. Information & Telecommunication Systems Business

1-1. FY2009 Results and FY2012, 2015 Targets [Billions of yen]

1-2. Business Targets

“Transform into a global company capable of providing reliability and security in high-profile fields around the world as a solutions partner based on strong products and services”

1-3. Business Strategy

(1) Strengthen and expand global business [Billions of yen]

[1] Expand business globally based on three pillars (Storage solution business, Consulting business, Integrated IT services business) [Billions of yen]

[2] Expand Business in Emerging Markets
- Business development based on strong products such as storage and ATMs [Billions of yen]

[3] Develop a social infrastructure building business by combining the Hitachi Group’s collective strengths

(2) Add value to businesses and create services [Billions of yen]

[1] Expand highly reliable cloud computing services [Billions of yen]

[2] Expand platform services

[3] Add value to the systems integration and services businesses

[4] Establish a global consulting network

(3) Reinforce management base

 [1] Develop new customers and expand business scale by optimizing tasks among Hitachi Group companies
[2] Strengthen operations
[3] Pursue improved quality and productivity by strengthening MONOZUKURI (Manufacturing Capabilities) and increase customer satisfaction further

2. Power Systems Business

2-1. FY2009 Results and FY2012, 2015 Targets [Billions of yen]

2-2. Business Targets

“To become a leading Company in creating global society’s future with cutting-edge energy technologies”

2-3. Business Strategy

(1)Focus on Growth Regions and Fields

[1] Expand revenues focusing on emerging markets (Asia, etc.)
[2] Focusing on growth fields with high contribution to the environment

(2)Promoting Globalization

[1] Expand global business operations centered on three core regional bases (Europe, Asia and the Americas)
[2] Promoting localization and partnering
[3] Cooperate to realize low-carbon society --- Collaborate with China’s National Development and Reform Commission

(3) Strengthen Business Competitiveness

[1] Optimize and strengthen production and procurement
[2] Bolster overseas project management capabilities
[3] Promote globalization of services and strengthen services business
[4] Strengthen global R&D Network and promote development of future technologies

(4) Fusion of Power System and ICT: Total proposals for creating highly eco-friendly new social infrastructure

[1] Provide new solutions through “fusion”
[2] Established Smart City Business Management Division in April 2010 for creating solutions

2-4. Each Business Strategy

(1)Thermal Power Business [Billions of yen]

[1] Strengthen highly efficient coal-fired thermal power business
[2] Accelerate development of “clean coal” technology
[3] Expand medium-capacity gas turbine business

(2)Nuclear Power business [Billions of yen]

[1] Deploy new nuclear power plants in the global market
[2] Provide one stop service through the total nuclear fuel cycle
[3] Develop nuclear technologies and increase production capacity
 

(3) Renewable Energy Business [Billions of yen]

[1] Strengthen business base as systems integrator
[2] Differentiate through systems proposal capabilities based on advanced technologies

3. Social Infrastructure & Industrial System Business

3-1. FY2009 Results and FY2012, 2015 Targets [Billions of yen]

3-2. Business Targets

“Innovate by fusing IT and technologies supporting social infrastructure and industrial systems”

3-3. Business Strategy

(1) Social Infrastructure Systems Business [Billions of yen]

*FY2015 Targets: Operating income ratio 6%, Overseas revenue ratio over 30%
[1] Strengthen develop water business savices in Japan
[2] Enter overseas water business in earnest

(2) Industrial Systems Business [Billions of yen]

*FY2015 Targets: Operating income ratio 5%, Overseas revenue ratio over 35%
[1] Expand highly efficient, environmentally friendly components and systems businesses

(3) Railway Systems Business [Billions of yen]

*FY2015 Targets: Operating income ratio 8%, Overseas revenue ratio over 60%
[1] Sustainable growth in Japan
[2] Expand overseas businesses

4. Information Control Systems Business Strategy

4-1. FY2009 Results and FY2012, 2015 Targets [Billions of yen]

*Revenues are included separately those of Information & Telecommunication Systems Company, Power System Company, and  Industrial& Social Infrastructure Systems Company.

4-2. Business Targets

“We will drive the Social Innovation Business through Smart & Smooth social infrastructure systems that fuse information and control.”

4-3. Business Strategy

(1) Promote businesses involving collaborative creation with customers

[1] Provide solutions that fuse information and control for railways
[2] Provide complete systems by developing a support package for plant operation and maintenance
 

(2) Develop next-generation social infrastructure systems by drawing on the collective strengths of the Hitachi Group

[1] Concentrate investment in joint R&D with the Supervisory Office for Business coordination (energy, transport, etc.)
[2] Collaboration with Smart City Business Management Division (Control of business and development across the group)
[3] Development of next-generation smart grid solutions
 

(3) Use urban development projects as a springboard for expanding into global growth markets

[1] Strengthen ties with governments to create projects (Tianjin Eco-City, Delhi Mumbai Industrial Corridor feasibility study, etc)
[2] Establish global manufacturing and SI bases
[3] Actively propose inter-city high-speed rail plans

5. Urban Planning and Development Systems Business Strategy

5-1. FY2009 Results and FY2012 Targets [Billions of yen]

5-2. Business Targets

“Strengthen and expand the “Whole Buildings” facility management business in Japan, including elevator and escalators. Reinforce the elevator and escalator business in the “Asian Belt Zone”, especially in China.”

5-3. Business Strategy

(1) Business Strategy (Japan)

<Elevators and Escalators business>
[1] Continue securing new equipment orders
[2] Strengthen modernization business to counter falling new equipment demand
[3] Generate stable earnings by strengthening maintenance business
<Building Facility Management business>
[1] Provide services for whole buildings with environmental consideration

(2) Business Strategy (Overseas)

[1] Expand business in China
[2] Implementing Measures to expand business by Asia regional HQ
[3] Highly efficient development framework in 4 location (Japan, China (Shanghai, Guangzhou) and Singapore)
[4] Build a highly efficient global manufacturing and supply framework

6. Automotive Systems Business Strategy

6-1. FY2009 Results and FY2012, 2015 Targets [Billions of yen]

6-2. Business Targets

”Establish a presence as a global supplier.”

6-3. Business Strategy - Basic Strategy by Value Chain

[1] Strengthen R&D, Design  
[2] Strengthen MONOZUKURI (Manufacturing capabilities)
[3] Strengthen marketing and sales
[4] Strengthen global business foundation
 

6-4. Priority Policies

[1] Bolster “Multifaceted MONOZUKURI” (Strengthen R&D and Innovate production technology)
[2] Strategic cooperation with domestic and overseas manufacturers
[3] Achieve global operations (Accelerate localization)

7. Consumer Business

7-1. FY2009 Results and FY2012 Targets

(1) Consumer Business [Billions of yen]

(2) Hitachi Consumer Electronics Co., Ltd. [Billions of yen]

(3) Hitachi Appliances, Inc [Billions of yen]

7-2. Business Strategy

(1) Consumer Business

[1] Expand earnings through video and components businesses created from visual technologies
[2] Home appliance business
- Achieve stable profitability in flat-panel TVs
- Expand electrical home appliance business overseas, expand new environment fields
[3] Air conditioning business
- Expand further globally

(2) Hitachi Consumer Electronics Co., Ltd.

“Create a continuously profitable structure centered on the video and components business.”
[1] LCD projectors: Secure No.1 share worldwide (FY2011) and increase earnings
(*)Share in monetary terms. Excludes home use and SVGA
[2] Optical disk drive: Maintain No.1 share worldwide and increase earnings  (*)Share in unit
[3] Flat-panel TV: Achieve stable profitability

(3) Hitachi Appliances, Inc.

[1] Home Appliances Business
“Expand global business and new environment fields revenues”     [Billions of yen]

　*The above figures include revenues of solar power generation business etc. of Hitachi Consumer Marketing, Inc (sales, engineering, and maintenance service company of Home Appliances)
- Promote a strategy of adding value with core energy-saving and environmental technologies

[2] Air Conditioning Business
“Expand global business further”                                                   [Billions of yen]

- Expand environmentally friendly products based on core heat pump technologies

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;
• 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;
• 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 Hitachi’s major markets, 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

17 June 2010

Promoting the large-scale industrial battery business, with a view toward Smart Grids

Tokyo, June 17, 2010 --- Hitachi, Ltd. (NYSE:HIT/TSE:6501,hereinafter Hitachi) today announced that its strategy for strengthening the battery business which includes batteries for hybrid and electric vehicles and railcars. On April 1, Hitachi established the Battery Systems Company as a new in-house company to further strengthen the battery business with a focus on the steadily growing lithium-ion battery market. Hitachi will promote the Battery Solution Business, which includes systems for maintaining optimum control of battery recharging and discharging in large-scale industrial applications such as construction machinery and uninterruptible power system (UPS), as well as smart grids and other future applications. This business will also include maintenance and other services related to the above applications. Battery Systems Company will aim for revenues of 250 billion yen in fiscal 2014 in the battery business, with a particular focus on lithium-ion batteries.

In recent years, lithium-ion batteries – a key device in the context of environmental measures – have gained attention as lightweight, compact, high-energy-density secondary batteries that deliver the same performance as nickel metal-hydride batteries in a package that is about half the size and weight, and about one-third the size and weight of equivalent lead acid batteries. Currently, the lithium-ion battery market focuses on consumer product applications, including mobile phones, notebook PCs, and digital cameras, but the market for these batteries is expected to continue growing in the future, with a focus on environment-friendly vehicles such as hybrid and electric vehicles and electric scooters, as well as construction machinery and other industrial applications. With new applications arising in UPS, smart grids, and other fields, the lithium-ion battery market is expected to grow to a scale of about 4 trillion yen in 2018.

Based on these market trends, on April 1 of this year, Hitachi established the “Battery Systems Company,” a new in-house company comprised of two existing companies – Hitachi Maxell, Ltd. and Hitachi Vehicle Energy, Ltd. – to further strengthen the battery business with a focus on the steadily growing lithium-ion battery market.

Under the leadership of the Battery Systems Company, Hitachi will expand its business targeting the sales of battery cells, and at the same time will promote the rollout of the Battery Solution business, which includes systems for maintaining optimum control of battery recharging and discharging, as well as maintenance and other related services. In battery recharging/discharging control systems, Hitachi will utilize the control technologies cultivated within the Hitachi Group in a variety of business fields. At the same time, it will collaborate with Shin-Kobe Electric Machinery Co., Ltd., a group company currently involved in the lead rechargeable battery and lithium-ion battery businesses, in promoting batteries for large-scale industrial applications.

In May of this year, as part of efforts to strengthen the industrial battery business, Hitachi initiated a Group-wide development project with a view toward “smart cities,” and began development of cells and control platforms that can be used in common in a wide range of industrial applications. This project will be conducted over a period of three years, with a total investment of 5 billion yen.

By unifying production, procurement, and other activities, Hitachi will promote optimization of business structures throughout the Hitachi Group in a wide range of battery business fields, from consumer products to large-scale industrial batteries.
Through the Battery Solution Business, Hitachi will support the Social Innovation Business in diverse fields including Green Mobility and new energy.

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;
• 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;
• 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 Hitachi’s major markets, 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
Hajime Kito
Hitachi, Ltd.
+81-3-5208-9325
hajime.kito.qy@hitachi.com

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

22 June 2010

Tokyo, June 22, 2010 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) and Mitsubishi Heavy Industries, Ltd. (MHI) today announced that they have entered into a basic agreement to work cooperatively in the field of intra-city railway systems for overseas markets, with the goals of strengthening competitiveness in global markets and expanding business as a result. Hitachi and MHI find overseas intra-city railway systems are the area where the two companies can demonstrate their competitiveness most, thus they decide to work together ranging from marketing to construction, installation and maintenance in the field.

Social infrastructure such as power systems and railway systems, is expected to expand as a market, particularly in emerging countries. Even in developed nations and regions, which already have a certain level of social infrastructure, there is demand for upgrading social infrastructure supported by advanced information and telecommunications systems.

Railway systems, which are a form of green mobility, are winning increasing recognition as a means of transporting large volumes of passengers and freight with a small environmental impact. As a consequence of this, there are active moves in a host of regions around the world, including Europe, Asia, the Middle East, North America, and Central and South America, to build new railway systems or extend existing ones, or make systems faster with improved railcars and systems. The overseas railway systems market is thus continuing to grow.

Today’s agreement seeks to capitalize on these sorts of market trends. Hitachi and MHI will work together as appropriate in a broad range of fields in overseas intra-city railway system projects, ranging from marketing to design, manufacturing, procurement, engineering, construction, installation, maintenance and development. With their complementary product lineups, Hitachi and MHI will respond to various railway system needs in the urban transportation field. The mixed product lineups include conventional commuter trains for subways and other systems; new transportation systems such as automated people movers (APM) and light rail transit (LRT); and monorails.

Hitachi and MHI each boast advanced product lineups, technologies and know-how concerning entire railway systems, as well as their individual constituent elements, including railcars, signaling systems, telecommunications, power systems and tracks. Above all else, the two companies have earned the trust of markets, Hitachi for its railway systems hardware and software development capabilities, and system engineering strengths, and MHI for its technological development capabilities, overseas project record, plant engineering know-how, and wide range of partnerships.

Under this agreement, Hitachi and MHI aim to leverage each other’s experience and expertise to actively develop the railway systems business overseas.

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, Ltd.
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 2,940.8 billion yen in fiscal 2009 (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
Matt Takahashi
Hitachi, Ltd.
+81-3-5208-9324
Masahiro.takahashi.rh@hitachi.com

Hideo Ikuno
Mitsubishi Heavy Industries, Ltd.
+81-3-6716-5277
h.ikuno@daiya-pr.co.jp
Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.)

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

30 June 2010

Tokyo, Japan, June 30, 2010 --- Panasonic Corporation (NYSE: PC / TSE: 6752, “Panasonic”), Hitachi, Ltd. (NYSE:HIT / TSE:6501, “Hitachi”) and Hitachi Displays, Ltd. (“Hitachi Displays”), Hitachi’s subsidiary which is engaged in the small and medium-sized LCD panel business, announced that Hitachi Displays conducts a corporate split today to establish IPS Alpha Support Co., Ltd (“IPS Alpha Support”). IPS Alpha Support will assume Hitachi Displays’ entire shareholding of 50.02% shares of IPS Alpha Technology, Ltd. (“IPS Alpha”), which designs, manufactures and sells large-sized LCD TV panels. Also today, Hitachi Displays transfers 94% shares of IPS Alpha Support to Panasonic, and 6% shares to Hitachi.

As a result of these transactions, Panasonic will effectively acquire 47.02% shares of IPS Alpha. Adding to its existing shareholding of 44.98%, Panasonic will have an effective investment in IPS Alpha of 92%.

Hitachi will have an effective investment in IPS Alpha of 5% during the current fiscal year, by acquiring 6% shares of IPS Alpha Support and other measures.

Outline of IPS Alpha Technology (As of June 30, 2010)

Outline of Hitachi Displays (As of June 30, 2010)

About Panasonic Corporation
Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 7.42 trillion yen (US$79.4 billion) for the year ended March 31, 2010. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE: PC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net.

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
PR Group, Corporate Communications Headquarters
Panasonic Corporation
(Osaka) +81-6-6908-0447
(Tokyo) +81-3-3436-2621

Hajime Kito
Hitachi, Ltd.
+81-3-5208-9325

Hiromichi Moriguchi
Hitachi Displays, Ltd.
+81-3-4554-5555

Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987

5 July 2010

Tokyo, July 5, 2010 – 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 reached a basic agreement calling for the three companies to initiate concrete discussions toward consolidation of their hydroelectric power generation system operations in a quest to strengthen and expand related business. Going forward the three companies look to jointly establish an operational company and build up a coherent business structure by integrating their various activities pertaining to hydroelectric power generation systems, including marketing, servicing, engineering, development and design, in order to further develop the business aggressively.

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 to build large-scale new plants has been decreasing, demand for renovation and preventive maintenance of existing power generation facilities and for upgrading of power generation capacity is expected to remain solid. In overseas markets, vigorous and sustained demand is anticipated in such countries as China, where large-scale electric power development projects leveraging the nation’s abundant water resources are in progress, as well as in Latin America and India. The business environment continues to be severe, however, due to Chinese manufacturers’ expansion into overseas markets, in addition to existing competition with European companies.

Under these business circumstances, Hitachi, Mitsubishi Electric and MHI reached a common recognition that the most effective and expeditious means to strengthen and expand related business would be to pool their respective operating resources and engage jointly in hydroelectric power generation system operations. Through integration of their engineering, development and design functions, the three companies will secure the human resources to maintain and pass on to the next generation their technologies and expertise unique to hydroelectric power generation system business. With this initiative, the companies also will strengthen the competitiveness of their world-leading technologies in pumped storage power generation, particularly in a field where high speeds, large capacities and high heads are required. Especially in the area of variable-speed pumped-storage power generation*, which is superior in responding to fluctuations in electricity demand and therefore expected to attract rising market demand, the three companies aim to secure the world’s leading position. For manufacturing, an optimal production structure will be established through organic coordination of the three companies’ production facilities and development of overseas activities as well.

Through business integration, the three companies will secure knowledge of market needs precisely and strengthen and expand their hydroelectric power generation system business through development and provision of products offering the advanced technologies required. Through these activities, the three companies look to contribute further toward the realization of a low-carbon society and stable supply of electricity.

* Note: A pumped storage power generation system consists primarily of an underground power generation plant and two water reservoirs – on the upper and lower sides of the plant. By releasing the water stored in the upper reservoir into the lower reservoir and thereby driving pump-turbines, power is generated. By pumping up the water in the lower reservoir to the upper reservoir using surplus electricity when electricity demand is low, repetitive power generation becomes possible. A variable-speed pumped-storage power generation system, which is capable of instant adjustment of power generation, is regarded as a promising technology for large-scale power generation/storage systems that contribute to power grid stability.

Outline of New Company (as currently planned)

1. Operation commencement: October 1, 2011
2. Shareholders:
   • 50%: Hitachi, Ltd.
   • 50%: Two Mitsubishi companies (Mitsubishi Electric Corporation and Mitsubishi Heavy Industries, Ltd.), with each company’s shareholding ratio to be decided later.
3. Scope of business:
   • Marketing, installation and after-sale servicing of hydroelectric power generation systems, for electric utilities both in Japan and overseas.
   • Engineering relating to hydroelectric power generation systems
   • Development and design of main components for hydroelectric power generation systems, including water turbines, water turbine generators and control systems

N.B. The company name, representative, head office location, capitalization, etc. will be decided at a later date.

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 Electric Corporation
With over 85 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TSE: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,353.2 billion yen (US$ 36.1 billion*) in the fiscal year ended March 31, 2010.

For more information visit http://global.mitsubishielectric.com
*At an exchange rate of 93 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2010

About Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd. (TSE: 7011,”MHI”), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 2,940.8 billion yen in fiscal 2009 (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).

PRESS CONTACT
Hitachi, Ltd.
Japan:
Takeshi Kawakami
Hitachi, Ltd.
Tel: +81-3-5208-9324
takeshi.kawakami.mk@hitachi.com

U.S.:
Mickey Takeuch
i 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://global.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.)

30 July 2010

Tokyo, July 30, 2010 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced revisions to the Company’s consolidated business forecasts for the first half of fiscal 2010, the year ending March 31, 2011, which were announced on May 11, in light of recent business performance.

1. Revisions of Consolidated Interim Business Forecasts for Fiscal 2010

(From April 1 to September 30, 2010) (Millions of yen)

Reasons for Revisions
Hitachi has raised its overall revenue forecast for the first half of fiscal 2010, the six-month period from April 1 to September 30, 2010, from the previous forecast issued on May 11, 2010, due to expectations for firm growth as a whole in line with recovering demand, particularly in automotive- and electronics-related fields.

Hitachi has also raised its forecast for operating income from the previous forecast due to projected higher revenues, primarily in the Electronic Systems & Equipment, High Functional Materials & Components and Digital Media & Consumer Products segments, as well as to progress cutting costs, including fixed costs.

Furthermore, Hitachi is forecasting an improvement in net other income from its previous forecast, reflecting mainly an improvement in equity in net loss of affiliated companies. Consequently, income before income taxes, net income and net income attributable to Hitachi, Ltd. are all projected to be better than the previous forecasts.

However, Hitachi has not revised its previous forecasts at this time for the full year because of uncertainty surrounding the business environment in the second half of fiscal 2010. This uncertainty includes trends in the global economy, especially in the U.S. and Europe, foreign currency fluctuations, fluctuations in raw material prices, and the impact of unwinding economic stimulus measures such as the Eco-Points program and tax breaks on environmentally friendly products in Japan.

2. Revisions of Consolidated Interim Business Forecasts by Business Segment for Fiscal 2010

(1) Revenues by Business Segment (Billions of yen)

(2) Operating Income by Business Segment (Billions 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 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;
• 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;
• 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 Hitachi’s major markets, 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

25 August 2010

Tarrytown, New York and WASHINGTON (August 25, 2010) – Some people will do anything for a good cause – at Hitachi Communication Technologies America this means wearing a clown suit in the office all day to help fight hunger. During the month of July, employees from Hitachi Group companies in the United States and Canada joined together for their 11th annual summer food drive.  Using both creativity and friendly competition as strategies, Hitachi employees in 62 locations throughout North America collected a total of 45,810 pounds of food and $80,231.18 to donate to local community food banks and other organizations providing food assistance to the hungry.

“The drive provides Hitachi and its employees with the opportunity to address a critical global issue in a very local and meaningful way,” said Tadahiko Ishigaki, Chief Executive for the Americas, Hitachi, Ltd.

 In many locations, employees divided into teams and competed against each other to collect the most food or money. Other locations also used the drive as a way to honor Hitachi’s 100th anniversary by organizing activities reflecting the company’s history and culture. Whether playing their own version of the World Cup or competing to bring in the most canned vegetables, Hitachi employees raised enough food and money to feed more than 27,474 people for a week during the month-long effort. In many locations, Hitachi employees also volunteered at local food banks to help sort and repackage the donated food.

“Given the fact that so many people are facing economic hardship, our employees were more determined than ever to make the drive a success, and they have accomplished this objective. We challenged our employees to increase the quantity of food or amount of money raised by 10% this year. In both categories, our employees far exceeded that goal. Our annual Food Drive is just one of the many programs Hitachi Group Companies support during the year. The effort underscores our commitment to help improve our society through local community outreach,” noted Ishigaki.

The summer months can be especially difficult for families facing hunger due to free and reduced-fee school lunches not being available, making the 11th annual Hitachi North American Food Drive all the more important. And that’s why, at Hitachi Communications Technologies America office in Texas, employees donated food and money as a way of “voting” for the executive who would have to wear a clown suit to work one day.  At Hitachi America, Ltd. headquartered in Tarrytown, NY, employees were divided into four “World Cup” teams where employees ended their drive with a soccer shoot-out that raised pounds of food for the winning team.  

In all, 55 teams of Hitachi employees from 62 locations across the United States and Canada took part in this year’s drive.

“When we look at the current statistics regarding food insecurity, 36 % of households served by agencies in the United States have at least one working person in the family” added Barbara Dyer, president and CEO of The Hitachi Foundation. “The working poor are one of the fastest growing groups of people accessing food banks for assistance in both the United States and Canada. This Food Drive makes a meaningful difference, both in the food and money that is collected for local communities and in the awareness it brings to the issue of hunger in our backyards.”

“Drives like the one done by Hitachi each year are very important,” said Christina Rohatynskyj, Executive Director of the Food Bank for Westchester, the organization receiving the food donation from Hitachi America, Ltd. in Tarrytown, NY. “We have fewer donations coming in during the summer. At the same time we are experiencing an increase in the need for our services.”

The annual food drive is a joint initiative between the Hitachi Group companies across North America and The Hitachi Foundation. It was inspired by the Hitachi Community Action Partnership (HCAP), Hitachi’s comprehensive program for employee community engagement.

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 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 www.hitachi.com.

The Hitachi Foundation was established as an independent nonprofit philanthropic organization by Hitachi, Ltd. in 1985.  Governed by a Board of Directors composed of highly accomplished Americans, the Foundation seeks to discover and expand business practices that create tangible and enduring economic opportunities for low-wealth Americans, their families, and the communities in which they reside. For more information about the Foundation, visit www.hitachifoundation.org.

Contact
Lauren Garvey
Hitachi America, Ltd.
(914) 333-2986
lauren.garvey@hal.hitachi.com

31 August 2011

- To establish a leading global company by integrating three companies’ businesses -

TOKYO, August 31, 2011 – Innovation Network Corporation of Japan (“INCJ”), Hitachi,Ltd. (“Hitachi”), Sony Corporation (“Sony”) and Toshiba Corporation (“Toshiba”) announced today that they have signed a non-binding Memorandum of Understanding to integrate their small- and medium-sized display businesses, which are operated by subsidiaries of Hitachi, Sony and Toshiba, in a new company to be established and operated by INCJ (“NewCo”). INCJ, Hitachi, Sony and Toshiba are aiming to sign definitive and legally-binding agreements in the Autumn of 2011 and to complete the business integration in the Spring of 2012, subject to the receipt of any necessary government approvals.

All of the issued shares of subsidiaries of Hitachi, Sony and Toshiba engaged in the small- and medium-sized display business (i.e., Hitachi Displays, Ltd., Sony Mobile Display Corporation and Toshiba Mobile Display Co., Ltd., collectively referred to as the “Subject Subsidiaries”) and other assets are planned to be transferred to NewCo, and INCJ, as a public-private partnership that provides financial, technological and management support for next-generation businesses, plans to invest a total of 200 billion yen in NewCo in exchange for shares to be newly issued to INCJ by NewCo as a third-party allotment. Eventually, INCJ expects to hold 70% of the shares with voting rights of NewCo, while Hitachi, Sony and Toshiba each expect to hold 10% of such shares.

The global market of small- and medium-sized displays is expected to grow rapidly due to anticipated strong demand for high resolution, high value-added products, particularly for smartphones and tablet computers, and superior high resolution display technology, in which Japanese companies are world leaders, is key to competitiveness. Other small- and medium-sized display manufacturers have announced significant investment plans to try to capture this market, and appropriate measures are required in order to enhance competitiveness.

NewCo is expected to utilize the world’s best high value-added technologies of the Subject Subsidiaries and establish new production lines by utilizing capital, which will be provided by INCJ, in order to meet the market demand for high value-added products. In addition, by efficient use of existing production capabilities of the Subject Subsidiaries, NewCo aims to improve its cost competitiveness to solidify its position as a global leading company in the small- and medium-sized display market.

In order to maintain and enhance the world’s best technologies, NewCo is also expected to invest in the world’s most advanced research and development. This investment will focus on the development of high-potential next-generation technologies, including higher resolution and thinner Organic light-emitting diode (“OLED”) displays, in an effort to drive forward the market as a whole.

NewCo’s management will be newly hired, and INCJ is leading the selection process. Each of INCJ, Hitachi, Sony and Toshiba plans to appoint the outside directors of NewCo. Also, INCJ, Hitachi, Sony and Toshiba intend to provide NewCo with technical support, and NewCo will establish a strong governance framework and business infrastructure.

“This is a landmark project for INCJ in our mission to make impactful, long-term and hands-on investments to grow next-generation businesses worldwide in the spirit of open innovation,” said Kimikazu Noumi, President and CEO of INCJ. “The new company will become a leading small- and medium-sized display manufacturer, and by pooling compelling technological know-how, will be positioned to win in a competitive and lucrative global growth market that has a real impact on the quality of people’s everyday lives.”

“By integrating each partner company’s wealth of display expertise and know-how, I am confident the new company will become a driving force for technological innovation and new growth in the rapidly expanding small- and medium- sized display market. I believe it will perform a vital role in ensuring the stable supply of high quality display devices that further enhance the user experience in the growing field of smartphones and tablet computers,” said Howard Stringer, Chairman, CEO and President, Representative Corporate Executive Officer of Sony Corporation.

”I have every confidence that this integration of three highly capable manufacturers of small- and medium-sized displays and their leading-edge technologies, along with the infusion of capital from INCJ, will create a highly competitive company. Toshiba will provide full support for the new company as it seeks to win leadership in the global market,” said Norio Sasaki, Director, Representative Executive Officer, President and Chief Executive Officer of Toshiba Corporation.

"The new company, which integrates the three companies' technology, experience and resource, possess the necessary capabilities to offer high value-added products to meet customer needs, through the development of cutting-edge display technologies. I believe the new company will fully satisfy customers to succeed and to become a leading company in the global market.” concluded Hiroaki Nakanishi, President of Hitachi, Ltd.

Outline of the NewCo (Planned)

Name: Japan Display K.K.
Shares with voting rights: INCJ 70%, Hitachi 10%, Sony 10%, Toshiba 10%

About Innovation Network Corporation of Japan (INCJ)

INCJ was established in July 2009 as a public-private partnership that provides financial, technological and management support for next-generation businesses. INCJ specifically supports those projects that combine technologies and varied know-how across industries and materialize open innovation. INCJ has the capacity to invest up to 900 billion yen (approx US$ 12 billion).

To date, INCJ has invested approximately 120 billion yen. INCJ is actively reviewing various investment opportunities in areas of environment, energy, electronics, IT, bio-technology and infrastructure such as water supply.

About the Subject Subsidiaries

About Hitachi Displays, Ltd.

• Founded: October 1, 2002
• Address of Head Office: Chiyoda-ku, Tokyo
• Sales: 150.8 Billion Yen (in the fiscal year ended March 31, 2011)
• Capital: 35.2 Billion Yen (as of the end of March 2011)
• Major Shareholders and Shareholding Ratio: Hitachi 75% (as of the end of March 2011)
• Representatives: Yoshiyuki Imoto
• Employees: Approximately 2,600 (as of the end of March 2011)
• Business: Development, design, production and sales of Small/mid-sized TFT LCDs and related products
• Production base: Mobara-shi, Chiba

About Sony Mobile Display Corporation

• Founded: October 22, 1997
• Address of Head Office: Higashiura, Chita-gun, Aichi
• Sales: 141.2 Billion Yen (in the fiscal year ended March 31,2011)
• Capital: 23.1 Billion Yen (as of the end of March 2011)
• Major Shareholders and Shareholding Ratio: Sony 100% (as of the end of March 2011)
• Representatives: Shuji Aruga
• Employees: Approximately 2,200 (as of the end of June 2011)
• Business: Development, design, production and sales of small/mid-sized LCD devices and OLED display devices
• Production base: Higashiura TEC (Head office) - Higashiura, Chita-gun, Aichi
  Tottori TEC – Tottori-shi, Tottori

About Toshiba Mobile Display Co., Ltd.

• Founded: April 1, 2002
• Address of Head Office Fukaya-shi, Saitama
• Sales: 209.6 Billion Yen (in the fiscal year ended March 31,2011)
• Capital: 10 Billion Yen
• Major Shareholders and Shareholding Ratio: Toshiba Group 100% (as of the end of March 2011)
• Representatives: Masahiko Fukakushi
• Employees: Approximately 2,200 (as of the end of March 2011)
• Business: Development, production & sales of low temperature poly-silicon TFT LCDs and amorphous poly-silicon TFT LCDs
• Production base: Headquarters Office – Fukaya-shi, Saitama
• Ishikawa Works - Kawakita-cho, Nomi-gun, Ishikawa

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.

Contacts

Japan: Atsushi Konno
Hitachi, Ltd.
+81-3-5208-9325
atsushi.konno.gs@hitachi.com

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

15 September 2011

Tokyo, September 15, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that the Board of Directors decided on a plan for the interim dividend for fiscal year ending March 31, 2012. The interim dividend is scheduled to be finally authorized at the meeting of the Board of Directors in early November this year.

Plan for the Interim Dividend

*1 The calculation of the aggregate amount of the interim dividend is based on 4,517,644,287 shares, which deducted 2,513,294 shares of treasury stock from total issued shares of 4,520,157,581 shares as of August 31, 2011.

(Reference) Dividends for the fiscal year ended March 31, 2011

*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.

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.

• 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 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 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;

• 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 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 possibility of disruption of Hitachi’s operations in Japan by earthquakes, tsunamis or other natural disasters, including the possibility of continuing adverse effects on Hitachi’s operations as a result of the earthquake and tsunami that struck northeastern Japan on March 11, 2011;

• 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 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 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.

Contacts

Japan

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

US

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