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

31 May 2011

Tokyo, Japan, May 31, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501, “Hitachi”) announced today that Hitachi and Western Digital Corporation (NYSE: WDC, “WD”) now expect to close the transaction to transfer Hitachi’s hard disk drive business to WD in the quarter ending December 2011. This is as a result of the European Commission’s recent determination to enter a Phase II review of the transaction.

On March 7, 2011, Hitachi and WD entered into a definitive agreement to transfer all shares of Hitachi Global Storage Technologies’ holding company, Viviti Technologies Ltd. to WD, which is subject to customary closing conditions, including regulatory approvals.

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.

Cautionary Statement

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

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

• economic conditions, including consumer spending and plant and equipment investment in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors Hitachi serves, including, without limitation, the information, electronics, automotive, construction and financial sectors;
• exchange rate fluctuations of the yen 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 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 and synthetic resins 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.

Contacts

Japan

Yukiaki Ina
Hitachi, Ltd.
+81-3-5208-9323
yukiaki.ina.nt@hitachi.com

Hajime Kito
Hitachi, Ltd.
+81-3-5208-9323
hajime.kito.qy@hitachi.com

27 June 2011

Tokyo, June 27, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that it filed its Form 20-F for the year ended March 31, 2011 with the U.S. Securities and Exchange Commission on June 24, 2011. The Form 20-F is available at http://www.hitachi.com/IR-e/library/20F/index.html.

Shareholders may request a hard copy of the completed audited financial statements free of charge at IR@hdq.hitachi.co.jp.

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

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

11 July 2011

Seoul and Tokyo, July 11, 2011 --- LG Electronics Inc. (066570:KS “LGE”), and Hitachi Plant Technologies Ltd. ( “Hitachi Plant Technologies”) have agreed to establish a joint venture in the water business.

LGE, Hitachi Ltd. (TSE:6501/NYSE：HIT “Hitachi”) , and Hitachi Plant Technologies will combine LGE's strength in marketing, planning and manufacturing technology with the Hitachi Group's technological and engineering strengths in water treatment systems and information control systems, to expand in the water business.

The joint venture company, LG-Hitachi Water Solutions Co., Ltd. is scheduled to be established in October 2011, with LGE providing 51% of the capital and Hitachi Plant Technologies 49%. The new company will initially focus on manufacturing and sales of water treatment equipment, EPC*1 for water treatment systems and O&M*2 for water treatment facilities, centered mainly on wastewater treatment facilities and drinking water and sewage treatment facilities in Korea, and research and development of water treatment technology. The joint venture will also plan for future expansion in the water business in other countries.

Freshwater resources around the world vary greatly from region to region. Water resources are limited, and their supply is expected to come under pressure on an international scale due to population growth, economic growth, global warming, urbanization, and water environment pollution. As a result, concern about future water shortages is mounting.

The decision to enter into the joint venture reflects LGE's desire to make use of the Hitachi Group's extensive experience and know-how in order to enter the water business, which is expected to expand around the world. The Hitachi Group's seeks to further expand in the water-business and will benefit from LGE's marketing strength and sales channels in Korea and LGE's high-level standardization and mass manufacturing technology in water treatment equipment and systems.

LGE's water business, which started with domestic water purifiers, has recently extended into development of various types of membranes. The company intends to leverage these core technologies to achieve further expansion and development of a total water business.

The Hitachi Group has been involved in the water business for almost one century, and has excellent sales results both at home and abroad. The Group established a Water Environment Solutions Division on June 1, 2010, which will operate under the direct supervision of the president of Hitachi, to develop and propose overall business strategies for growth in this field. The Hitachi Group positions its water business as an area of growth with potential for social innovation business. The Group’s objective is to bring to emerging nations in Asia, the Middle East and other areas comprehensive solutions based on sophisticated technology, experience and expertise in advanced water circulation systems, particularly membrane and biological treatment systems that employ information technology. The Hitachi Group is striving to expand its overall water business operations to reach sales of 200 billion yen in the fiscal year 2015.

Outline of joint venture company

*1 EPC：Engineering, Procurement and Construction
*2 O&M：Operation and Maintenance
*3 Calculated at the rate 1 won = 0.076 yen

About LG Electronics Inc.

LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 93,000 people working in over 120 operations around the world. With 2010 global sales of KRW 55.8 trillion (USD 48.2 billion), LGE comprises four business units - Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions. LGE is one of the world's leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators.

About Hitachi Plant Technologies Ltd.

Hitachi Plant Technologies, Ltd. ― Supporting Infrastructure with Environmental and Energy-Saving Technologies ― is a member of the Hitachi Group. Harnessing its engineering capabilities, monozukuri (manufacturing) skills and project expertise, Hitachi Plant Technologies offers total solutions for social and industrial infrastructures.
The core businesses of our group mainly comprise Social Infrastructure Systems, Industrial Systems, Energy Systems and Air Conditioning Systems.

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

Sally Lee
LG Electronics, Inc.
Tel: +822-3777-6483
e-mail: sally.lee@lge.com

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

29 July 2011

-- Joint venture to be dissolved for a better organization, allowing each company to rebuild the T & D business to rapidly meet the dynamic change of market landscape --

Tokyo, July 29, 2011 --- Hitachi, Ltd. (“Hitachi”, NYSE:HIT / TSE:6501), Fuji Electric Co., Ltd. (“Fuji Electric”, TSE:6504) and Meidensha Corporation (“Meiden”, TSE:6508) today announced that they have agreed to discuss to dissolve Japan AE Power Systems Corporation (“AEP”), their joint venture in the power transmission and distribution (“T & D”) field for seeking a better organization for the parties, by the end of March 2012.

Based on this basic framework agreement, the three companies will proceed with discussions concerning the successor and succession method regarding the business of AEP.

AEP was established on July 1, 2001 from the consolidation of the three companies’ T & D businesses and has been developing business globally. In recent years, the market for these T & D systems has seen growing demand, particularly from emerging markets. Going forward, a high growth rate is expected by the progress of the smart energy in social infrastructure and the industrial field, such as the use of the renewable energy resources and the smart grid.

Under such circumstance, the parties had the discussions on the AEP growth strategy taking into accounts of the various factors and they came to reach a same conclusion that there is a need to fundamentally review its growth strategy. The parties recently reached a basic framework agreement that the parties will dissolve AEP for a better organization and they will rebuild and explore the growth of T & D business in each company level.

It was agreed that the top priority is current AEP bases and employees, etc. will be taken over by the three parties. AEP will continue as before to produce and deliver ordered products as well as provide maintenance for products already delivered until the joint venture is dissolved. After dissolution, the three companies, which will take over the defined AEP business, will continue to provide these services.

About Japan AE Power Systems Corporation

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 Fuji Electric Co., Ltd.

Fuji Electric develops the business globally with electric power plants and system solutions know-how accumulated by developing social and industrial infrastructures and electric power, and superior expertise in top-level components. The company provides power semiconductors that are indispensable in the reduction of energy consumption in industrial machines, home electronic appliances and automotive electronics, and magnetic discs used in PC disc devices. Furthermore, the Company also provides products closely linked to daily lifestyles, such as vending machines.  Moving forward, we will strive to further expand business in the field of “energy and the environment” by fusing and strengthening core technologies.  Please refer to the following Web site for further information regarding the Fuji Electric: http://www.fujielectric.com/

About Meidensha Corporation:

Founded in 1897, Meidensha Corporation (“Meiden”) is a leading manufacturer in the heavy electric industry in Japan. In support of many people’s life in energy and their mobility, Meiden products are helping the safe and efficient operation of such mission-critical facilities and systems as power plants, semiconductor factories, substations, water and sewage treatment plants, pure electric vehicles, wind and solar power, high rise buildings, traction power and automobile development. The number of employee: 6,994 people. Annual Revenue of Fiscal Year 2010:167 billion yen (ended March 31, 2011).  Main works in Japan: Numazu, Ohta, Nagoya and Kofu. Home Page: http://www.meidensha.co.jp

Contacts

Hitachi, Ltd.

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

Fuji Electric Co., Ltd.

Katsuhisa Uchida
+81-3-5435-7206
uchida-katsuhisa@fujielectric.co.jp

Meidensha Corporation

Hirofumi Nagao
+81-3-6420-7497
nagao-h@mb.meidensha.co.jp

29 July 2011

Tokyo, July 29, 2011 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced revisions to the Company’s consolidated business forecasts for the first half of fiscal 2011, the year ending March 31, 2012, which were announced on June 9, 2011 in light of recent business performance.

1. Revisions of Consolidated Interim Business Forecasts for Fiscal 2011
(From April 1 to September 30, 2011) (Millions of yen)

Reasons for Revisions

The overall revenue forecast for the first half of fiscal 2011 has not changed from the previous forecast issued on June 9, 2011. While the Great East Japan Earthquake has had an impact, there also has had a recovering demand in automotive-related fields and other factors.

Hitachi has raised its forecast for operating income from the previous forecast due to progress with cost cutting, including fixed costs. The revised forecast also reflects a smaller-than-expected impact from the Great East Japan Earthquake as a result of concerted group-wide efforts to recover from the disaster.

As a result, Hitachi has raised its forecasts for income before income taxes, net income and net income attributable to Hitachi, Ltd. from the previous forecasts.

Hitachi has not revised its full-year forecasts at this time because of considerable uncertainty surrounding the business environment in the second half of fiscal 2011. Uncertain factors include trends in the global economy, especially in the U.S., Europe and China, foreign currency fluctuations, and fluctuations in raw materials prices.

2. Revisions of Consolidated Interim Business Forecasts by Business Segment for Fiscal 2011

(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 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

U.S.

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

4 August 2011

Tarrytown, New York, August 4, 2011 – Hitachi America, Ltd. today announced the appointment of Mr. Kensuke Oka as President and CEO. Mr. Oka, who currently serves as General Manager, Intellectual Property Group, Hitachi, Ltd. succeeds Chiaki Fujiwara, who has been appointed Deputy General Manager of Sales & Marketing Division and Marketing Integration & Strategy Division, Industrial & Social Infrastructure Systems Company, Hitachi, Ltd. The appointments will be effective as of October 1, 2011.

Mr. Oka has served as General Manager, Intellectual Property Group, Hitachi, Ltd. since April, 2009. Prior to his current role, he served as Deputy Managing Director of Hitachi Asia Ltd. from April, 2006 to March, 2009. He joined Hitachi, Ltd. in 1976 and has held various supervisory and senior management positions. His background includes extensive experience in several areas, including human resource and invention management, and business management in the field of power & industrial systems. He graduated from the University of Tokyo with a Bachelor’s degree in Law.

Mr. Fujiwara has served as President and CEO, Hitachi America, Ltd. since April, 2010. He joined Hitachi America, Ltd. in October, 2008 serving as Senior Vice President and General Manager of the Industrial Systems Division and Corporate Business Development. Prior to joining Hitachi America, Ltd. he served as Deputy General Manager, Global Business Division, Hitachi Ltd. from 2006 to 2008. He joined Hitachi, Ltd. in 1978 and has held various senior management positions during his tenure with Hitachi including positions with Hitachi China, Ltd. and Hitachi Europe, Ltd. His background includes industry expertise in Industrial Equipment Systems and Information & Telecommunication Systems. Mr. Fujiwara holds a Bachelor’s of Science degree in Mechanical Engineering and is a graduate of Keio University, located in Tokyo, Japan.

About Hitachi America, Ltd.

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

About Hitachi, 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 www.hitachi.com.

Contacts

Lauren Raguzin
Hitachi America, Ltd.
(914)333-2986
lauren.raguzin@hal.hitachi.com

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

25 August 2011

-- Hitachi-GE Nuclear Energy, GE Hitachi Nuclear Energy, Global Nuclear Fuel-Americas sign separate agreement for future nuclear related technologies --

Tokyo, Japan, Aug 25, 2011 - The Government of Saskatchewan (“Saskatchewan”) and Hitachi, Ltd. (NYSE:HIT / TSE:6501, “Hitachi”) today announced that they have signed a memorandum of understanding (MOU) regarding joint research and development (R&D) of nuclear medicine technology. Saskatchewan has also signed an MOU with Hitachi-GE Nuclear Energy, Ltd. (Hitachi-GE), GE Hitachi Nuclear Energy Americas LLC (GEH), and Global Nuclear Fuel – Americas, LLC (GNF-A) to discuss the potential of working together on future nuclear R&D projects of mutual interest including nuclear safety, uranium recovery and design of small modular reactor technologies.

Hitachi and Saskatchewan province have a 40-year cooperative relationship in the power generation field, including work on coal, natural gas and wind generation technologies. Hitachi has provided generation facilities to Saskatchewan Power Corporation (“SaskPower”), a power utility based in Saskatchewan province. In 1988, Hitachi established Hitachi Canadian Industries Ltd. as a manufacturing base for power generation equipment in Saskatchewan province with SaskPower, deepening its relationship with this power utility and Saskatchewan province. In February 2010, SaskPower and Hitachi agreed to collaborate on the advancement and implementation of technology in the fields of low-carbon energy technologies, including Carbon Capture & Storage (CCS). Hitachi is also providing an innovative, first-of-its-kind turbine and generator for SaskPower’s world leading Boundary Dam Integrated CCS project. In May 2010, Saskatchewan and Hitachi reached a landmark agreement with the signing of a joint declaration to work together and share information for developing energy and environmental technologies, including CCS for thermal power plants, renewable energy and smart grid technologies.

With today’s announcement, Saskatchewan and Hitachi have deepened the cooperation further by R&D into nuclear medicine technology. Through its power systems business, Hitachi has developed a Proton Beam Therapy (PBT) system based on its vast technologies and know-how related to accelerators, irradiation and control systems. In May 2008, Hitachi's first spot scanning irradiation technology that can concentrate irradiation dose to the tumor formation has started patient treatment at the University of Texas M. D. Anderson Proton Therapy Center in the U. S., one of the world’s largest hospitals specializing in cancer treatment. This marked the first clinical application of spot scanning irradiation technology in a general hospital.　Also, Hitachi entered into an agreement to provide a major general hospital with PBT systems which employed the spot scanning irradiation technology in 2011. Saskatchewan has evaluated Hitachi’s leading-edge technologies and expertise, and agreed to pursue joint R&D projects in the field of nuclear medicine.

Eighteen CANDU (Canada Deuterium Uranium) reactors are currently in operation in Canada, delivering about 15% of the country's overall generating capacity. Canada is the world’s largest producer of uranium, which serves as a nuclear fuel, and all of Canada’s uranium is produced in Saskatchewan.

Saskatchewan, Hitachi-GE, GEH, and GNF-A plan to collaborate on potential nuclear R&D projects of mutual interest including design and feasibility of small modular reactors technologies and reclamation of unused uranium fuel from new fuel rods that have been rejected for use in reactors as a result of quality control programs.

Saskatchewan and four other parties will fund 10 million Canadian dollars for two MOUs that will facilitate and support research collaborations in nuclear medicine, materials science, nuclear safety and small reactor design. Innovation Saskatchewan, a special operating agency established by the Government of Saskatchewan to coordinate the Province’s support for R&D and science and technology, and the four other parties will each provide 5 million Canadian dollars over the next five years to support R&D activities pursuant to the MOUs in collaboration with Saskatchewan-based research institutions including the University of Saskatchewan, the University of Regina, the Saskatchewan Research Council and the Canadian Light Source.

Today’s 10 million Canadian dollars investment in nuclear R&D builds on announcements by the Government of Saskatchewan earlier this year to invest 30 million Canadian dollars for the establishment of a new centre for research in nuclear medicine and materials science, 17 million Canadian dollars for the establishment of a Centre for Innovation in Cyclotron Science, 12 million Canadian dollars to support innovative research in the production of life saving medical isotopes and 10.1 million Canadian dollars for the development of Saskatchewan’s first PBT/Positron Emission computerized-Tomography (PET) facility for diagnosis and treatment of cancer and heart disease at the University of Saskatchewan.

Looking ahead, Saskatchewan and Hitachi will contribute to improving treatment outcomes for people with cancer by working to develop and promote new nuclear medical technology in Canada. Also, Saskatchewan, Hitachi-GE, GEH, and GNF-A will build a collaborative relationship to research the design and feasibility of small reactor technology with the goal of safely and reliably generating clean energy and helping to achieve a low-carbon society.

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 Hitachi-GE Nuclear Energy, Ltd

Hitachi-GE, a joint venture established by Hitachi, Ltd. and General Electric Company in July 2007, as one of the world's leading comprehensive plant manufacturers, engages in the development, planning, design, manufacture, inspection, installation, pre-operation, and maintenance of nuclear reactor-related equipment and is able to execute integrated project management. Hitachi-GE has been involved with 23 reactors in Japan to date, including those currently under construction. Among them, it has participated in all of Japan's Advanced Boiling Water Reactor (ABWR) projects-four ABWRs are already operational and three are under construction. Overseas, it has supplied major nuclear reactor equipment for the Lungmen Nuclear Power Plant in Taiwan.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

About Global Nuclear Fuel – Americas, LLC

GNF is a joint venture of General Electric (NYSE:GE), Toshiba Corporation and Hitachi, Ltd. Global Nuclear Fuel (GNF) is a world-leading supplier of boiling water reactor fuel, including uranium dioxide and MOX fuel and fuel-related engineering services. GNF operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co. Ltd. in Kurihama, Japan.

About Hitachi’s cooperative relationship with GE 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 in Japan and the United States, and are proactively pursuing international business activities. The Japanese joint venture, Hitachi-GE Nuclear Energy, Ltd., is roughly 80% owned by Hitachi and 20% owned by GE, and in the United States, GE-Hitachi Nuclear Energy is 40% owned by Hitachi and 60% owned by GE. Both companies are utilizing their accumulated know-how and experience to further expand their nuclear power businesses in global markets.

Contacts

The Government of Saskatchewan

Rebecca Rogoschewsky
The Government of Saskatchewan
+1-306-787-0980
Rebecca.Rogoschewsky@gov.sk.ca

Hitachi

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

GE Hitachi Nuclear Energy

Michael Tetuan
GE Hitachi Nuclear Energy
+1-910-819-7055
michael.tetuan@ge.com

4 February 2010

Tokyo, February 4, 2010 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced revisions to the Company’s consolidated business forecasts for fiscal 2009, year ending March 31, 2010, which were announced on October 29, 2009, in light of recent business performance.

Revisions of Consolidated Business Forecasts for Fiscal 2009
(from April 1, 2009 to March 31, 2010) (Millions of yen)

The Company also disclosed the revisions of consolidated revenues and operating income forecasts by Industry Segment for fiscal 2009 on page 2 of “Supplementary Information for the Third Quarter ended December 31, 2009”

Reasons for Revisions
Although the gradual economic recovery is expected to continue in the fourth quarter of fiscal 2009, Hitachi concerns the delay of recovery of private-sector capital investment and other factors. Therefore Hitachi is forecasting consolidated revenues for the full year of only the same level as previously forecast on October 29, 2009. In terms of earnings, Hitachi is projecting an improvement over previous forecasts thanks to cost-cutting measures and ongoing business restructuring as well as better project management in the Social Innovation Business.

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;
• legislative and regulatory changes enacted by the new Japanese government;
• increased commoditization of information technology products and digital media-related products and intensifying price competition for such products, particularly in the Information & Telecommunication Systems, the Electronic 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 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen ($102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. 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.: Dash Hisanaga
Hitachi America, Ltd.
+1-914-333-2987
tadashi.hisanaga@hal.hitachi.com