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

May 12, 2014

Hitachi Announces Progress on 2015 Mid-term Management Plan

Single Management for Multiple Storage Tiers Delivers Storage Economics

Tokyo, May 12, 2014 - Hitachi, Ltd. (TSE:6501 / “Hitachi”) today announced the current status of its progress on its 2015 Mid-term Management Plan; a management plan focused on achieving growth and corporate transformation driven by the further promotion of Hitachi's Social Innovation Business. A summary of key progress points appears below:

Key Message of Today's Announcement

  1. Hitachi achieved its highest operating income in the first year of its 2015 Mid-term Management Plan as a result of expanding its businesses and services globally with the Social Innovation Business.
  2. Hitachi is continuing initiatives to deliver revenues and profits by expanding the products and services businesses as well as expanding the Social Innovation Business globally.
  3. Hitachi's global strategy will focus on expanding business in North America and China in addition to increasing profit in Asia.
  4. Hitachi is evolving the Hitachi Smart Transformation Project to develop cash-generating capability

About Hitachi Ltd.

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

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