FOR IMMEDIATE RELEASE

Hitachi Announces Consolidated Financial Results
for the Third Quarter ended December 31, 2012
Tokyo, February 4, 2013 --- Hitachi, Ltd. (TSE:6501) today announced its
consolidated financial results for the third quarter of fiscal 2012, ended December
31, 2012.
Notes: 1. All figures, except for the outlook for fiscal 2012, were converted at the rate of 87 yen to the
U.S. dollar, the approximate exchange rate on the Tokyo Foreign Exchange Market as ofDecember 28, 2012.
2. Operating income is presented in accordance with financial reporting principles andpractices generally accepted in Japan.

- more --2-Summary
In millions of yen and U.S. dollars, except Net income attributable to Hitachi, Ltd. stockholders per share (6).
Three months ended December 31
U.S. $
Yen(B)/(A)(millions)(millions)(%)
2011 (A) 2012 (B)2012
1. Revenues

2,264,947 2,113,133

93

Nine months ended December 31
U.S. $
Yen(D)/(C)(millions)(millions)(%)
2011 (C) 2012 (D)2012

24,289 6,837,676 6,468,701

95

74,353

2. Operating income

95,11568,331

72

785

265,729

231,935

87

2,666

3. Income before income taxes

83,98059,41771683

216,990

175,675

81

2,019

4. Net income

46,41628,873

62332

124,139

94,38676

1,085

5. Net income attributable to
Hitachi, Ltd. stockholders

34,28020,23359

233

85,22950,358

59

579

Basic

7.59

4.29

57

0.05

18.87

10.80

57

0.12

Diluted

7.10

4.19

59

0.05

17.64

10.42

59

0.12

6. Net income attributable to
Hitachi, Ltd. stockholders
per share

Notes: 1. The Company's consolidated financial statements are prepared based on U.S.GAAP.
Notes: 2. Operating income is presented in accordance with financial reporting principles and practices generally accepted in Japan.
Notes: 3. The figures are for 957 consolidated subsidiaries and 216 equity-method affiliates. Although the consolidated subsidiaries
Notes: 3. include Variable interest entities, there is no Variable interest entity included into the figures of consolidated subsidiaries
Notes:3. in this period. Also, consolidated trust accounts are not included into the figures of consolidated subsidiaries.

- more --3-

1. Qualitative Information Concerning Consolidated Business Results(1) Summary of Fiscal 2012 Third-Quarter (Three Months and Nine Months
Ended December 31, 2012) Consolidated Business Results
Three months ended December 31, 2012
Yen
(billions)Year over yearchangeNine months ended December 31, 2012(% or billion yen)

U.S. dollars(millions)Yen(billions)

2,113.1(7%)

24,289Operating income

68.3(26.7)

Income before income
taxes

59.4

Net income
Net income attributable to
Hitachi, Ltd. stockholders

Revenues

Year over yearchange(% or billion yen)

U.S. dollars(millions)

6,468.7(5%)

74,353785

231.9(33.7)

2,666(24.5)

683

175.6(41.3)

2,019

28.8

(17.5)

332

94.3(29.7)

1,085

20.2

(14.0)

233

50.3(34.8)

579

During the third quarter of fiscal 2012, the U.S. economy continued to experience a
moderate recovery as a result of improvements in both the employment and housing
markets. However, global economic uncertainty has persisted due to the European
sovereign debt crisis, a continued slowdown in economic growth in China and India, andother factors.
The Japanese economy showed increasing signs of an economic slowdown brought on bylower exports due to economic uncertainty surrounding Europe and China and the strong
yen during the third quarter of fiscal 2012, and softer consumer spending following the endof the subsidy scheme for environmentally-friendly vehicles.
Hitachi’s consolidated revenues for the third quarter of fiscal 2012 declined 7% year overyear, to 2,113.1 billion yen. This decline mainly reflected the sale of the hard disk drive
business in fiscal 2011, as well as decreased year over year revenues in the Electronic
Systems & Equipment, the High Functional Materials & Components and the Automotive
Systems segments which were affected by a delayed recovery in demand. Conversely, thePower Systems Segment posted higher revenues due to increased sales of thermal power
generation systems. The Social Infrastructure & Industrial Systems Segment also posted
higher revenues, where the elevator and escalator business in China performed steadily.
Hitachi posted operating income of 68.3 billion yen, down 26.7 billion yen year over year,
despite higher operating income in the Power Systems, the Digital Media & Consumer
Products and the Social Infrastructure & Industrial Systems segments. The lower operating
income overall was mainly attributable to the impact of the sale of the hard disk drive
business, and lower year over year operating income due to decreased revenues in theHigh Functional Materials & Components, the Electronic Systems & Equipment, theAutomotive Systems and the Construction Machinery segments.
Hitachi posted net other deductions of 8.9 billion yen, 2.2 billion yen better year over year.
Although there was an increase in equity in net loss of affiliated companies, foreignexchange gain was posted due to the yen’s depreciation at the end of the third quarter offiscal 2012, and business structural reform expenses declined.

- more --4-

As a result, Hitachi recorded income before income taxes of 59.4 billion yen, a year overyear decline of 24.5 billion yen. After taxes of 30.5 billion yen, Hitachi posted net income of
28.8 billion yen, a year over year decrease of 17.5 billion yen. After deducting net income
attributable to noncontrolling interests of 8.6 billion yen, Hitachi recorded net income
attributable to Hitachi, Ltd. stockholders of 20.2 billion yen, down 14.0 billion yen year overyear.
For the nine-month period ended December 31, 2012, consolidated revenues decreased
5% year over year, to 6,468.7 billion yen. Operating income declined 33.7 billion yen year
over year, to 231.9 billion yen. Hitachi recorded net income attributable to Hitachi, Ltd.
stockholders of 50.3 billion yen, a 34.8 billion yen decline year over year.
Excluding the impact in the previous fiscal year of selling the hard disk drive business andthe small and medium-sized display business, consolidated revenues for the third quarterof fiscal 2012 increased 1% year over year, while operating income declined 12.1 billion
yen, and income before income taxes declined 16.1 billion yen. Additionally, net income
attributable to Hitachi, Ltd. stockholders declined 4.3 billion yen year over year.
For the nine-month period ended December 31, 2012, consolidated revenues increased
2% year over year, operating income declined 8.8 billion yen, and income before income
taxes declined 25.1 billion yen. Furthermore, net income attributable to Hitachi, Ltd.
stockholders declined 18.6 billion yen year over year.
(2) Revenues and Operating Income (Loss) by Business Segment
Results by segment were as follows:[Information & Telecommunication Systems]
Three months ended December 31, 2012
Yen
(billions)Year over yearchangeRevenues

409.4

Operating income

15.9

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange0%

4,706

1,242.3

3%

14,280

(2.9)

183

43.1

(6.8)

496

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, segment revenues were flat year over year at
409.4 billion yen. While sales of telecommunications declined, sales of services
increased.
The segment recorded operating income of 15.9 billion yen, a decline of 2.9 billion yen
year over year. This decline mainly reflected lower sales of telecommunications andlower profitability of services.
For the first nine months of fiscal 2012, revenues increased 3% year over year, to
1,242.3 billion yen. Segment operating income was 43.1 billion yen, down 6.8 billion
yen.

- more --5-[Power Systems]
Three months ended December 31, 2012

Revenues
Operating income

Yen(billions)Year over yearchange205.7
6.5

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

24%

2,365

619.2

15%

7,118

18.4

75

14.0

25.2

161

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, revenues increased 24% year over year, to 205.7
billion yen. The overall increase reflected higher sales of thermal power generation
systems and the taking-over of part of the transmission and distribution business fromJapan AE Power Systems Corporation.
The segment recorded operating income of 6.5 billion yen, an 18.4 billion yen
improvement year over year. This improvement resulted from increased revenues,
and progress with cost-reduction initiatives. Additionally, in the same period of theprevious fiscal year, Hitachi recorded additional expenses at overseas thermal power
generation systems projects.
For the first nine months of fiscal 2012, revenues increased 15% year over year, to619.2 billion yen. The segment reported operating income of 14.0 billion yen, an
improvement of 25.2 billion yen year over year.
[Social Infrastructure & Industrial Systems]
Three months ended December 31, 2012
Yen
(billions)Year over yearchangeRevenues

296.9

Operating income

11.3

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

14%

3,413

842.2

9%

9,681

3.4

130

14.5

0.3

167

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, segment revenues increased 14% year over year,
to 296.9 billion yen. The overall increase mainly reflected steady growth in theelevators and escalators business in China, and higher sales of industrial-use
electrical equipment for overseas.
The segment recorded operating income of 11.3 billion yen, a 3.4 billion yen increase
year over year, mainly due to higher revenues.
For the first nine months of fiscal 2012, the segment reported revenues of 842.2 billion
yen, up 9% year over year, and operating income of 14.5 billion yen, an increase of
0.3 billion yen year over year.

- more --6-[Electronic Systems & Equipment]
Three months ended December 31, 2012

RevenuesYen(billions)Year over yearchange218.4
0.5

Operating income

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

(12%)

2,510

728.9

(7%)

8,379

(8.0)

6

20.3

(9.5)

234

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, the segment recorded revenues of 218.4 billion
yen, a decrease of 12% year over year. This overall decline mainly reflected lower
revenues due to decreased sales of medical analysis systems and display-related
manufacturing equipment at Hitachi High-Technologies Corporation.
Segment operating income declined 8.0 billion yen, to 0.5 billion yen, mainly due tolower earnings in line with decreased sales at Hitachi High-Technologies.
For the first nine months of fiscal 2012, the segment reported revenues of 728.9 billion
yen, a 7% decline year over year. Operating income declined 9.5 billion yen, to 20.3
billion yen.
[Construction Machinery]
Three months ended December 31, 2012

Revenues
Operating income

Yen(billions)Year over yearchange175.9
9.3

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

(6%)

2,023

546.5

1%

6,282

(3.9)

107

32.1

(6.9)

369

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, the segment recorded a 6% year over year decline
in revenues, to 175.9 billion yen, despite higher sales to the rental industry in theAmericas. The overall decline reflected lower sales of hydraulic excavators due to theimpact of lower demand in China.
Segment operating income decreased 3.9 billion yen, to 9.3 billion yen, reflecting
lower sales in China.
For the first nine months of fiscal 2012, the segment reported revenues of 546.5 billion
yen, up 1% year over year. Operating income declined 6.9 billion yen year over year,
to 32.1 billion yen.

- more --7-[High Functional Materials & Components]
Three months ended December 31, 2012

Revenues
Operating income

Yen(billions)Year over yearchange331.9
8.0

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

(8%)

3,815

1,006.2(5%)

11,567(14.9)

92

46.2(10.5)

531(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, segment revenues declined 8% year over year, to331.9 billion yen. The overall decline reflected lower net sales at Hitachi Metals, Ltd.
due to lower demand for semiconductor- and display-related products and also
reflected lower net sales at Hitachi Cable, Ltd. due to its withdrawal from unprofitablebusinesses and decreased sales of electronics-related products.
Segment operating income decreased 14.9 billion yen year over year, to 8.0 billion
yen. This was mainly attributable to lower earnings due to lower revenues and theimpact of falling raw materials prices at Hitachi Metals.
For the first nine months of fiscal 2012, the segment reported revenues of 1,006.2
billion yen, 5% down year over year. Operating income declined 10.5 billion yen, to46.2 billion yen.
[Automotive Systems]
Three months ended December 31, 2012

Revenues
Operating income

Yen(billions)Year over yearchange190.9
6.7

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

(7%)

2,195

592.8

4%

6,814

(4.2)

77

25.9

(0.8)

299

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, segment revenues decreased 7% year over year,
to 190.9 billion yen. This was mainly the result of the impact of lower automobile
production in Japan.
The segment recorded operating income of 6.7 billion yen, down 4.2 billion yen year
over year, mainly due to lower revenues.
For the first nine months of fiscal 2012, segment revenues increased 4% year overyear, to 592.8 billion yen, while operating income declined 0.8 billion yen, to 25.9
billion yen.

- more --8-[Digital Media & Consumer Products]
Three months ended December 31, 2012

Revenues
Operating income (loss)

Yen(billions)Year over yearchange198.1
0.0

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

2%

2,278

626.9

(6%)

7,207

4.8

1

(2.3)

(2.8)

(27)

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, the segment recorded revenues of 198.1 billion
yen, up 2% year over year. This result reflected firm sales of home appliances andother products, as well as the absence of the impact of the flooding in Thailand that
had occurred during the previous fiscal year.
The segment recorded positive operating income, which represented a year over year
improvement of 4.8 billion yen. The improved performance reflected the benefits ofbusiness structure reforms in the flat-panel TV business, and the absence of the
impact of the flooding in Thailand.
For the first nine months of fiscal 2012, segment revenues declined 6% year over year,
to 626.9 billion yen. The segment recorded an operating loss of 2.3 billion yen, 2.8
billion yen worse year over year.
Note:

The optical disk drive operations are conducted by Hitachi-LG Data Storage, Inc. (HLDS),
which has a December 31 fiscal year-end, different from Hitachi’s March 31 year-end.
Hitachi’s results for the nine months ended December 31, 2012 include operating results of
HLDS for the nine months ended September 30, 2012.

[Financial Services]
Three months ended December 31, 2012
Yen
(billions)Year over yearchangeRevenues

80.6

Operating income

6.1

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

(5%)

927

260.2

(2%)

2,992

(0.1)

70

19.8

(0.5)

228

(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, the segment reported a 5% year over year decline
in revenues, to 80.6 billion yen. Hitachi Capital Corporation saw revenues decline in
the finance services business for corporate customers, and the commission services
for consumers in Japan, although the overseas business performed well, particularly
in Asia.
Segment operating income declined 0.1 billion yen year over year, to 6.1 billion yen,
due to the lower revenues.
For the first nine months of fiscal 2012, segment revenues declined 2% year over year,
to 260.2 billion yen. Operating income declined 0.5 billion yen, to 19.8 billion yen.

- more --9-[Others]
Three months ended December 31, 2012
Yen
(billions)Year over yearchange266.4
8.8

Revenues
Operating income

Nine months ended December 31, 2012

U.S. dollars(millions)Yen(billions)Year over yearchange

(39%)

3,063

823.1

(37%)

9,462

(18.8)

101

29.6(25.8)

341(% or billion yen)(% or billion yen)

U.S. dollars(millions)

For the third quarter of fiscal 2012, segment revenues declined 39% year over year, to266.4 billion yen. The overall decline reflected the sale of the hard disk drive business inthe previous fiscal year.
Segment operating income decreased 18.8 billion yen year over year, to 8.8 billion yen,
due mainly to the sale of the hard disk drive business.
For the first nine months of fiscal 2012, segment revenues declined 37% year over year,
to 823.1 billion yen. Operating income declined 25.8 billion yen, to 29.6 billion yen.
Note:

Effective on April 1, 2012, Hitachi discontinued the Components & Devices Segment.
The businesses, which were previously included in the Components & Devices Segment,
have been included in the Others. Figures for each segment, including figures for theprevious fiscal year, reflect the changed segmentation.

(3) Revenues by Market

Japan

Three months ended December 31, 2012

Nine months ended December 31, 2012

Yen
(billions)

U.S. dollars(millions)Yen(billions)Year over yearchangeYear over yearchangeU.S. dollars(millions)

1,245.4(3%)

14,315

3,797.1(2%)

43,646

Outside Japan

867.7

(11%)

9,974

2,671.5(10%)

30,707

Asia

398.8

(12%)

4,584

1,245.3(15%)

14,315

North America

190.9

(12%)

2,195

578.2

(5%)

6,647

Europe

153.9

(20%)

1,769

464.1

(18%)

5,335

Other Areas

123.9

9%

1,425

383.7

11%

4.410

For the third quarter of fiscal 2012, revenues in Japan were 1,245.4 billion yen, down
3% year over year. This result mainly reflected lower revenues in the High Functional
Materials & Components Segment due to the impact of lower demand in the electronics
field, and decreased revenues in the Others Segment due to the sales of the hard disk
drive business.
Outside Japan revenues declined 11% year over year, to 867.7 billion yen, despite
higher revenues in the Social Infrastructure & Industrial Systems Segment due to solid
sales of elevators and escalators in China. The overall decline was mainly attributable
to lower year over year sales in the Electronic Systems & Equipment and certain other- more -- 10 -

segments as well as the impact of the sale of the hard disk drive business.
As a result, the ratio of overseas revenues to consolidated revenues was 41%, 2 points
lower year over year.
For the first nine months of fiscal 2012, revenues in Japan declined 2% year over year,
to 3,797.1 billion yen. Overseas revenues decreased 10% year over year, to 2,671.5
billion yen.
Excluding the impact in the previous fiscal year of selling the hard disk drive business andthe small and medium-sized display business, revenues in Japan for the third quarter offiscal 2012 declined 2% year over year, while revenues outside Japan increased 4%. For
the nine-month period ended December 31, 2012, revenues in Japan were flat year overyear, while revenues outside Japan increased 4%.
(4) Capital Expenditures, Depreciation and R&D Expenditures
For the third quarter of fiscal 2012, capital expenditures on a completion basis,
excluding leasing assets, decreased 2% year over year, to 92.1 billion yen. The overall
decline mainly reflected the impact of the sale of the hard disk drive business.
Depreciation, excluding leasing assets, decreased 20% year over year, to 56.5 billion
yen. This was primarily due to the sale of the hard disk drive business, and the strict
selection of capital investments.
R&D expenditures decreased 16% year over year, to 82.3 billion yen, whichcorresponded to 3.9% of consolidated revenues. This decline mainly reflected theimpact of the sale of the hard disk drive business, and occurred despite continued
investment in research and development to strengthen the Social Innovation Business.
For the first nine months of fiscal 2012, capital expenditures on a completion basis,
excluding leasing assets, increased 10% year over year, to 272.5 billion yen.
Depreciation, excluding leasing assets, declined 20%, to 162.0 billion yen. R&D
expenditures declined 16%, to 248.1 billion yen, corresponding to 3.8% of consolidated
revenues.

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2. Financial Position(1) Financial Position
As of December 31, 2012
Yen
(billions)

Change fromMarch 31, 2012

U.S. dollars(millions)

Total assets

9,646.5

228.0

110,880

Total liabilities

6,706.5

62.0

77,087

Interest-bearing debt

2,681.3

284.9

30,821

Total Hitachi, Ltd. stockholders’ equity

1,893.9

122.1

21,770Noncontrolling interests

1,045.9

43.7

12,023

Total Hitachi, Ltd. stockholders’

19.6%

0.8 point improvement-

0.91 times

0.05 point increase-

equity ratio
D/E ratio (including noncontrolling interests)

Total assets as of December 31, 2012 increased 228.0 billion yen from March 31, 2012,
to 9,646.5 billion yen, mainly due to building up inventory ahead of the fiscal year-end
and the acquisition of the U.K. company Horizon Nuclear Power Limited.
Interest-bearing debt increased 284.9 billion yen from March 31, 2012, to 2,681.3 billion
yen, because of an increase in short-term debt, mainly in the form of commercial paper.
Stockholders’ equity increased 122.1 billion yen from March 31, 2012, to 1,893.9 billion
yen. As a result, the total Hitachi, Ltd. stockholders’ equity ratio was 19.6%. The
debt-to-equity ratio, including noncontrolling interests, was 0.91 times.
(2) Cash Flows
Three months ended December 31, 2012

Nine months ended December 31, 2012

Yen
(billions)Year over year

U.S. dollars(millions)Yen(billions)Year over yearchangeU.S. dollars(millions)changeCash flows fromoperating activities
Cash flows frominvesting activities(17.7)(25.2)

(204)

245.3

144.7

2,820

(232.8)(149.7)(2,676)(453.6)(148.8)(5,214)

Free cash flows(250.5)(175.0)(2,880)(208.3)(4.1)(2,394)

Cash flows fromfinancing activities

229.7

85.0

2,640

173.7

(74.9)

1,997

Operating activities in the third quarter of fiscal 2012 used net cash of 17.7 billion yen,a year over year change of 25.2 billion yen from net cash provided in the third quarterof fiscal 2011, mainly due to a decrease in net income.
Investing activities used net cash of 232.8 billion yen, 149.7 billion yen more than thecorresponding period in the previous fiscal year. This result mainly reflected cashused for acquisitions in the power systems and the information & telecommunication
systems fields to achieve growth in global markets.

- more -- 12 -

Free cash flows, the sum of cash flows from operating and investing activities, was anegative 250.5 billion yen.
Financing activities provided net cash of 229.7 billion yen, up 85.0 billion yen year
over year. This mainly reflected the increase in short-term debt mainly from the issueof commercial paper.
The net result of the above items was an increase of 14.5 billion yen in cash and cash
equivalents during the third quarter of fiscal 2012, to 606.5 billion yen, including theeffect of exchange rate changes on cash and cash equivalents.
For the first nine months of fiscal 2012, operating activities provided net cash of 245.3
billion yen, an increase of 144.7 billion yen. This increase mainly reflected theabsence of a decline in cash from operations due to acceptance delays from
customers during the same period of fiscal 2011 which occurred as a result of theGreat East Japan Earthquake.
Investing activities used net cash of 453.6 billion yen, 148.8 billion yen more than thecorresponding period of the previous fiscal year, due mainly to strategic investments
for growth.
Free cash flows, the sum of cash flows from operating and investing activities, was anegative 208.3 billion yen.
Financing activities provided net cash of 173.7 billion yen, a decrease of 74.9 billion
yen from the corresponding period of the previous fiscal year. The decrease wasmainly due to an increase in dividend payments.

3. Outlook for Fiscal 2012
Year ending March 31, 2013
Yen
(billions)
Revenues

Change fromprevious forecast

Year over yearchange(% or billion yen)

U.S. dollars(millions)

8,900.0(100.0)(8%)

102,299

Operating income

420.0(60.0)

7.7

4,828

Income before income taxes

330.0(70.0)(227.7)

3,793

Net income

225.0(65.0)(187.8)2,586

Net income attributable to
Hitachi, Ltd. stockholders

150.0(50.0)(197.1)

1,724

Note: All fiscal 2012 outlook figures were converted using 87 yen to the U.S. dollar.

In terms of the overall business environment going forward, uncertainty surrounding
the outlook is expected to persist due to such factors as protracted economic
sluggishness in Europe, and slowing economic growth in China, India and otheremerging economies. In electronics-related fields in particular, such as- more -- 13 -

semiconductors and information devices, a slow recovery in global demand isforecast.
Under these circumstances, Hitachi has revised its forecasts announced on October30, 2012, as per the table above. The revised forecasts are based on restrained
capital expenditures at customer companies, falling demand for electronics-related
products, some temporal expenses in a certain segment, and other factors.
The Hitachi Group aims to achieve sustained growth in global markets centered on
the Social Innovation Business. To this end, it is continuously reviewing its businessportfolio and accelerating far-reaching cost structure reforms through the Hitachi
Smart Transformation Project. In this way, the Hitachi Group is focusing management
resources on the Social Innovation Business, while at the same time promoting efforts
such as rigorous cash flow management to strengthen its management base. With
these actions, the Hitachi Group is determined to transform into a global major player.
Hitachi is assuming exchange rates of 90 yen to the U.S. dollar and 120 yen to theeuro for the fourth quarter of fiscal 2012.

- more -- 14 -Other
(1) Changes in significant subsidiaries during the period (changes in specified
subsidiaries causing changes in scope of consolidation).
Yes [One newly consolidated subsidiary]Company name: Horizon Nuclear Power Limited
Reason of change: Acquisition
Horizon Nuclear Power is a U.K. company which develops nuclear power business.
(2) Application of simple accounting treatment and/or specific accounting treatment in
preparing the quarterly consolidated financial statements.
Yes
Hitachi computes interim income tax provisions by applying an estimated annual effective
tax rate, which is reasonably determined considering the factors that will affect the tax
rate including non-taxable transactions, tax credits and valuation allowances, to income
before income taxes.
(3) Changes in accounting principles, procedures and presentation methods for
preparing quarterly consolidated financial statements.
Yes
Effective on April 1, 2012, Hitachi, Ltd. and its domestic subsidiaries changed theirdepreciation method for property, plant and equipment mainly from the declining-balancemethod to the straight-line method.
Cautionary Statement
Certain statements found in this document may constitute “forward-looking statements” as definedin 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” andsimilar expressions which indicate future events and trends may identify “forward-looking
statements.” Such statements are based on currently available information and are subject tovarious risks and uncertainties that could cause actual results to differ materially from thoseprojected 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 notprove to be accurate. Undue reliance should not be placed on “forward-looking statements,” assuch 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, theinformation, 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- more -- 15 -

financing;•

uncertainty as to general market price levels for equity securities, declines in which may
require Hitachi to write down equity securities that it holds;•

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 DigitalMedia & 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 forsuch 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 othermaterials, 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 tostrengthen its Social Innovation Business;•

uncertainty as to the success of restructuring efforts to improve management efficiency bydivesting or otherwise exiting underperforming businesses and to strengthen competitiveness;•

uncertainty as to the success of cost reduction measures;•

general socioeconomic and political conditions and the regulatory and trade environment ofcountries where Hitachi conducts business, particularly Japan, Asia, the United States andEurope, 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 havebecome or may become parties;•

the possibility of incurring expenses resulting from any defects in products or services ofHitachi;•the possibility of disruption of Hitachi’s operations by earthquakes, tsunamis or other natural
disasters;•

uncertainty as to Hitachi’s ability to maintain the integrity of its information systems, as well as
Hitachi’s ability to protect its confidential information or that of its customers;•

uncertainty as to the accuracy of key assumptions Hitachi uses to evaluate its significant
employee benefit-related costs; and•uncertainty as to Hitachi’s ability to attract and retain skilled personnel.

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

- more -- 16 -

Consolidated Statements of Operations
Three months ended December 31
Yen(millions)2011 (A)U.S. $(B)/(A)(millions)(%)

2012 (B)2012

Nine months ended December 31
Yen(millions)2011 (C)U.S. $(D)/(C)(millions)(%)

2012 (D)2012

Revenues

2,264,947 2,113,133

93

24,289 6,837,676 6,468,701

95

74,353

Cost of sales

1,696,127 1,586,189

94

18,232 5,131,555 4,858,661

95

55,847

5,271 1,440,392 1,378,105

96

15,840

Selling, general andadministrative expenses

473,705

458,613

97

95,11568,331

72

785

265,729

231,935

87

2,666

23,341

19,67484

226

37,64322,54660

259(Interest and dividends)

2,997

4,561

152

52

14,271

13,63696

157(Other)20,344

15,11374

174

23,372

8,910

38

102

34,47628,58883329

86,38278,80691906(Interest charges)

6,785

6,570

97

76

20,793

20,29998

233(Other)27,69122,01880

253

65,58958,507

89

672

Income before income taxes

83,98059,41771683

216,990

175,675

81

2,019

Income taxes

37,56430,54481351

92,851

81,28988934

Net income

46,41628,873

62332

124,139

94,38676

1,085

12,136

8,640

71

99

38,91044,028113

506

34,28020,23359

233

85,22950,35859

579

Operating income
Other income

Other deductions

Less: Net income attributable tononcontrolling interests
Net income attributable to
Hitachi, Ltd. stockholders

Consolidated Statements of Comprehensive Income
Three months ended December 31
Yen(millions)2011 (A) 2012 (B)Net income

U.S. $(B)/(A)(millions)
(%)
2012

Nine months ended December 31
Yen
U.S. $(D)/(C)(millions)(millions)(%)
2011 (C) 2012 (D)2012

46,41628,873

62332

124,139

94,38676

1,085

Foreign currency translation
adjustments(18,999)

108,135－

1,243(83,358)

67,073－771

Pension liability adjustments

12,774

18,657146

214

40,716

51,382

126

591

Net unrealized holding gain (loss)
on available-for-sale securities(585)

23,249－267(14,370)

7,226

－

83

Cash flow hedges

347(14,796)

－

(170)

355

(13,765)－(158)(6,463)

135,245－

1,555(56,657)

111,916－

1,286

39,953

164,118

411

1,886

67,482

206,302

306

2,371

Less: Comprehensive income
attributable to noncontrolling interests

9,779

46,350474

533

11,906

68,118572

783

Comprehensive income attributable
to Hitachi, Ltd. stockholders

30,174

117,768

390

1,354

55,576138,184

249

1,588

Other comprehensive income (loss)
arising during the period

Total other comprehensive income(loss) arising during the period

Comprehensive income- more -- 17 Consolidated Balance Sheets
Yen(millions)

Total Assets
Current assets
Cash and cash equivalents
Short-term investments
Trade receivables
Notes
Accounts
Investments in leases
Current portion of financial assets transferred
to consolidated securitization entities
Inventories
Other current assets
Investments and advances
Property, plant and equipment
Intangible assets
Financial assets transferred toconsolidated securitization entities
Other assets
Total Liabilities and Equity
Current liabilities
Short-term debt and current portionof long-term debt
Current portion of non-recourse borrowingsof consolidated securitization entities
Trade payables
Notes
Accounts
Advances received
Other current liabilities
Noncurrent liabilities
Long-term debt
Non-recourse borrowings of consolidated
securitization entities
Retirement and severance benefits
Other liabilities
Total equity
Total Hitachi, Ltd. stockholders' equity
Common stock
Capital surplus
Legal reserve and retained earnings
Accumulated other comprehensive loss
(Foreign currency translation adjustments)(Pension liability adjustments)(Net unrealized holding gain on
available-for-sale securities)(Cash flow hedges)
Treasury stock
Noncontrolling interests

As of March 31,

As of December 31,

2012 (A)2012 (B)(B)-(A)

U.S. Dollars(millions)
As of December 31,

2012

9,418,526
5,162,186
619,577
11,5629,646,536
5,197,284
606,589
9,553

228,01035,098(12,988)(2,009)110,880
59,7396,972
110

117,951
2,225,519
235,744

124,100
2,054,402
243,913

6,149(171,117)
8,169

1,426
23,6142,804

86,071

58,340(27,731)671

1,413,252
452,510744,4932,025,538
609,962

1,610,010
490,377
721,355
2,204,238
672,665

196,758
37,867(23,138)
178,700
62,70318,506
5,637
8,291
25,336
7,732

205,411

157,092(48,319)

1,806

670,936

693,902

22,966

7,976

9,418,526
4,110,873

9,646,536
4,215,096

228,010104,223

110,880
48,449915,556

1,302,317

386,761

14,96997,004

38,467(58,537)442

24,0251,301,759
362,895
1,409,634
2,533,658
1,248,851

14,949
1,148,875
374,242
1,336,246
2,491,496
1,230,206(9,076)(152,884)
11,347(73,388)(42,162)(18,645)

172
13,205
4,302
15,35928,63814,140135,043

110,400(24,643)

1,269

890,977
258,787
2,773,995
1,771,782
427,775
600,243
1,242,110(496,896)(220,615)(294,252)

857,535
293,355
2,939,944
1,893,966
444,997612,284
1,245,754(407,555)(172,926)(247,645)(33,442)
34,568
165,949
122,184
17,222
12,041
3,644
89,34147,68946,607

9,857
3,372
33,792
21,7705,115
7,038
14,319(4,685)(1,988)(2,846)

20,491

29,021

8,530

334(2,520)(1,450)1,002,213(16,005)(1,514)
1,045,978(13,485)(64)
43,765(184)(17)
12,023- more -- 18 Consolidated Statements of Cash Flows
Three months ended December 31
Yen
U.S. $(millions)(millions)

2011

2012

332

124,139

94,386

1,085

76,08728,355875
326

262,387
85,652219,71685,751

2,525
986(1,770)(44,626)(165,765)
47,0387,235

1,240
50,203(78,729)(91,274)(32,546)

14
577
(905)
(1,049)(374)(2,510)(15,228)(393,435)
79,757(40,129)(11,268)
269,055(200,561)(197,603)(14,141)

(130)
3,093
(2,305)(2,271)
(163)

7,505

(17,791)(204)

100,633

245,335

2,820(59,563)(23,563)(81,906)(24,328)

(941)
(280)

(184,053)(72,094)(256,084)(72,381)(2,943)(832)(66,103)(78,653)(904)(182,928)(243,244)(2,796)(8,374)59,42815,092(83,083)(106,397)
58,705(223)(232,802)(1,223)675(3)(2,676)(83,098)
199,132
18,197(304,844)(100,867)
204,671
14,250(453,655)(1,159)2,353
164(5,214)

167,660(13,588)(9,338)(53)

264,490(23,587)(10,913)
(276)

3,040
(271)
(125)
(3)

298,255(27,093)(21,026)(1,428)271,266(46,672)(24,408)(26,409)

3,118
(536)
(281)
(304)

144,681229,7142,640

248,708

173,777

1,997

Effect of exchange rate changes on cash
and cash equivalents(17,896)

35,413407(37,457)

21,555248

Net increase (decrease) in cash andcash equivalents

51,207

14,534167

7,040(12,988)(149)

510,643561,850

592,055
606,589

6,805
6,972

554,810561,850

619,577
606,589

7,122
6,972

Cash flows from operating activities
Net income

2011

2012

46,41628,87390,166
28,811

2012

Nine months ended December 31
Yen
U.S. $(millions)(millions)2012

Adjustments to reconcile net income to net cash
provided by operating activities
Depreciation
Amortization
Net gain (loss) on sale of investments in securities
and other
Decrease (increase) in receivables
Increase in inventories
Increase (decrease) in payables
Other
Net cash provided by (used in)operating activities
Cash flows from investing activities
Purchase of property, plant and equipment, net
Purchase of intangible assets, net
Purchase of tangible assets and software to
be leased, net
Proceeds from sale (purchase) of investments
in securities and shares of consolidated
subsidiaries resulting in deconsolidation, net
Collection of investments in leases
Other
Net cash used in investing activities
Cash flows from financing activities
Increase in interest-bearing debt
Dividends paid to stockholders
Dividends paid to noncontrolling interests
Other
Net cash provided by financing activities

Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period- more -- 19 -

Segment Information(1) Business Segments
Three months ended December 31
Yen
U.S. $(B)/(A)(millions)(millions)(%)
2011 (A)2012 (B)2012

Nine months ended December 31
Yen
U.S. $(D)/(C)(millions)(millions)(%)
2011 (C) 2012 (D)2012

407,600

409,405

1,204,646 1,242,365

16%

17%

166,377

205,7637%

9%Social Infrastructure &Industrial Systems

259,524

296,901

10%

13%

Electronic Systems &Equipment

248,527

218,41110%

9%187,652

175,9757%

8%361,199

331,93314%

14%

205,078

190,9568%

8%

194,620

198,1998%

8%84,70180,6523%

3%439,797

266,490

17%

11%

Information &Telecommunication Systems
Power Systems

Construction Machinery
High Functional Materials &Components
Automotive Systems
Digital Media &Consumer Products
Financial Services
OthersSubtotal
Eliminations & Corporate items

Revenues Total

100

4,706

124

2,365

114

3,413

88

2,510

94

2,023

92

3,815

93

2,195

102

2,278

95

927

61

3,063

93

27,295(3,006)2,555,075 2,374,685
100%

100%

(290,128)(261,552)-

2,264,947 2,113,133

93- more -16%

17%538,831619,2597%

8%773,055

842,24110%

12%782,117

728,99910%

10%543,542546,577

7%

7%

1,061,843 1,006,290
14%

14%

570,708

592,8557%

8%665,963

626,9969%

9%266,112260,2613%

4%

1,297,532

823,18417%

11%

7,704,349 7,289,027

103

14,280

115

7,118

109

9,681

93

8,379

101

6,282

95

11,567

104

6,814

94

7,207

98

2,992

63

9,462

95

83,782100%

100%(866,673)(820,326)-(9,429)24,289 6,837,676 6,468,701

95

74,353

- 20 -

Information &Telecommunication Systems

Power Systems
Social Infrastructure &Industrial Systems
Electronic Systems &Equipment
Construction Machinery
High Functional Materials &Components

Automotive Systems
Digital Media &Consumer Products

Financial Services
OthersSubtotal
Eliminations & Corporate items

Operating income (loss) Total

Three months ended December 31
Yen
U.S. $(B)/(A)(millions)(millions)(%)
2011 (A) 2012 (B)2012
18,926
15,943
84
183
19%
22%
(11,874)
6,548
75
(12%)
9%
7,831
11,314
144
130
8%
15%
8,556
537
6
6
9%
1%
13,274
9,338
70
107
13%
13%
22,960
8,007
35
92
23%
11%
10,990
6,715
61
77
11%
9%
(4,708)
94
1
(5%)
0%
6,241
6,105
98
70
6%
8%
27,684
8,803
32
101
28%
12%
99,88073,404
73
844
100%
100%

Nine months ended December 31
Yen
U.S. $(D)/(C)(millions)(millions)(%)
2011 (C) 2012 (D)2012
49,97343,153
86
496
18%
18%
(11,269)
14,015161(4%)
6%
14,153
14,504
167
102
5%
6%
29,89820,327
68
234
11%
8%
39,11532,138
82
369
14%
13%
56,774
46,203
81
531
20%
19%
26,83525,988
97
299
9%
11%
493
(2,341)
(27)
0%
(1%)
20,413
19,87697228
7%
8%55,51329,655
53
341
20%
12%
281,898
243,518
86
2,799
100%
100%

(4,765)(5,073)-(58)(16,169)(11,583)-(133)

95,11568,331

72

785

265,729

231,935

87

2,666

Notes: 1. Revenues by business segment include intersegment transactions.
Notes: 2. Effective on April 1, 2012, Hitachi discontinued the Components & Devices Segment. The businesses, which were previously
Notes: 2. included in the Components & Devices Segment, have been included in the Others. Figures for each segment, including figures
Notes: 2. for the previous fiscal year, reflect the changed segmentation.

- more -- 21 -

(2) Revenues by Market

Japan
Asia
North America
EuropeOther Areas
Outside Japan
Total

Three months ended December 31
Yen
U.S. $(B)/(A)(millions)(millions)(%)
2011 (A) 2012 (B)2012

Nine months ended December 31
Yen
U.S. $(D)/(C)(millions)(millions)(%)
2011 (C) 2012 (D)2012

1,286,900 1,245,417

3,859,315 3,797,174

57%

59%

454,945

398,80620%

19%

216,319

190,97910%

9%

192,856

153,9358%

7%

113,927

123,9965%

6%

978,047

867,71643%

41%

2,264,947 2,113,133
100%

100%

97

14,315

88

4,584

88

2,195

80

1,769

109

1,425

89

9,974

93

24,289- more -56%

59%

1,458,179 1,245,383
22%

19%

608,422578,2529%9%567,282

464,1858%

7%344,478

383,7075%

6%

2,978,361 2,671,527
44%

41%

6,837,676 6,468,701
100%

100%

98

43,64685

14,315

95

6,647

82

5,335

111

4,410

90

30,70795

74,353

- 22 -

February 4, 2013
Hitachi, Ltd.

Supplementary Information for the Financial Results of
the Third Quarter ended December 31, 2012
1. Summary (Consolidated basis)
Fiscal 2011
Three months
ended
December 31

Revenues*1*1
Operating income
Percentage of revenues*1

Income before income taxes
Net income*1
Net income attributable to*1
Hitachi, Ltd. stockholders
Average exchange rate (yen / U.S.$)Net interest and dividends*1*1

Nine months
ended
December 31

Fiscal 2012
Nine months ended
December 31(D)(D)/(B)(A)(B)

6,837.6
265.7
3.9
216.9
124.1

2,113.1
68.3
3.2
59.4
28.8

93%
72%
－
71%
62%

6,468.7
231.9
3.6
175.6
94.3

95%
87%
－
81%
76%

8,900.0
420.0
4.7
330.0
225.0

92%
102%
－
59%
55%

34.2

85.2

20.2

59%

50.3

59%

150.0

43%

77
(3.7)

79
(6.5)

81
(2.0)

－
－

80
(6.6)

－
－

90
－

－
－

As of March 31, 2012

Interest-bearing debt (billions of yen)
D/E Ratio(Including Noncontrolling interests) (times)

Number of employees
Japan
Overseas
Number of consolidated subsidiaries*2(Including Variable interest entities)
Japan
Overseas

Total (Forecast)

2,264.9
95.1
4.2
83.9
46.4

Billions of yen

Cash and cash equivalents,
Short-term investments (billions of yen)

*2

Three months ended
December 31(C)(C)/(A)As of December 31, 2012

631.1

616.1

2,396.4

2,681.3

0.86

0.91

323,540
212,302111,238

328,278
210,355
117,923

939

957

340
599

314
643

There were no Variable interest entities included into the figures of consolidated subsidiaries in this period.
Also, consolidated trust accounts are not included into the figures of consolidated subsidiaries.

- more -(E)(E)/FY2011

- 23 -

2. Consolidated Revenues by Business Segment*3(Billions of yen)

Fiscal 2011

Fiscal 2012
Nine months ended
December 31

Three months
ended
December 31

Nine months
ended
December 31

(A)

(B)

(C)

Information & Telecommunication Systems

407.6

1,204.6

409.4

100%

1,242.3

103%

Power Systems

166.3

538.8

205.7

124%

619.2

115%

Social Infrastructure & Industrial Systems

259.5

773.0

296.9

114%

842.2

109%

Electronic Systems & Equipment

248.5

782.1

218.4

88%

728.9

93%

Construction Machinery

187.6

543.5

175.9

94%

546.5

High Functional Materials & Components

361.1

1,061.8

331.9

92%

Automotive Systems

205.0

570.7

190.9

Digital Media & Consumer Products

194.6

665.9

198.1

84.7

266.1

80.6

Others439.7

1,297.5

Subtotal

2,555.0

Eliminations & Corporate items(290.1)

Total

2,264.9

Financial Services

Three months ended
December 31(C)/(A)(D)(D)/(B)

Total
Previous
Revised(E)/FY2011
Forecast*4 Forecast(E)1,780.0

101%

870.0

870.0

105%

1,260.0

1,260.0105%

1,100.0

1,020.0

93%

101%

720.0

720.0

90%

1,006.2

95%

1,400.0

1,330.0

93%

93%

592.8

104%

780.0

780.0

96%

102%

626.9

94%

830.0

810.0

94%

95%

260.2

98%

320.0

320.0

91%

266.4

61%

823.1

63%

1,150.0

1,110.065%

7,704.3

2,374.6

93%

7,289.0

95% 10,210.0

10,000.092%(866.6)(261.5)－(820.3)－ (1,210.0) (1,100.0)－

6,837.6

2,113.1

93%

6,468.795%

1,780.09,000.08,900.0*3

Effective on April 1, 2012, Hitachi discontinued the Components & Devices Segment. The businesses, which were previously included in the Components & Devices
Segment, have been included in the Others. Figures for each segment, including figures for the previous fiscal year, reflect the changed segmentation.

*4

Forecast announced on October 30, 2012.

3. Consolidated Operating Income (Loss) by Business Segment*3(Billions of yen)

Fiscal 2011
Three months
ended
December 31

Nine months
ended
December 31

92%

Three months ended
December 31(D)(D)/(B)

Total
Previous
Revised(E)/FY2011
Forecast*4 Forecast(E)

(A)

(B)

(C)

Information & Telecommunication Systems

18.9

49.9

15.9

84%

43.1

86%

120.0

115.0

113%

Power Systems(11.8)(11.2)

6.5

－

14.0

－

26.0

26.0

－

7.8

14.1

11.3

144%

14.5

102%

56.0

56.0

114%

Social Infrastructure & Industrial Systems(C)/(A)

Fiscal 2012
Nine months ended
December 31

8.5

29.8

0.5

6%

20.3

68%

52.0

34.0

68%

Construction Machinery

13.2

39.1

9.3

70%

32.1

82%

58.0

58.0

92%

High Functional Materials & Components

22.9

56.7

8.0

35%

46.2

81%

80.0

53.0

69%

Automotive Systems

10.9

26.8

6.7

61%

25.9

97%

33.0

33.0

89%

Digital Media & Consumer Products

(4.7)

0.4

0.0

－

(2.3)

－

0.0

(7.0)

－

Financial Services

6.2

20.4

6.1

98%

19.8

97%

28.0

28.0

93%

Others

27.6

55.5

8.8

32%

29.6

53%

43.0

39.0

54%

Subtotal

99.8

281.8

73.4

73%

243.5

86%

496.0

435.0

100%

Eliminations & Corporate items(4.7)(16.1)(5.0)－(11.5)－(16.0)(15.0)

－

Total

95.1

265.7

68.3

72%

231.9

87%

480.0

420.0

102%

Electronic Systems & Equipment- more -- 24 -

4. Consolidated Overseas Revenues by Business Segment*3
Fiscal 2011
Three months
ended
December 31

Nine months
ended
December 31

(A)

(B)

(Billions of yen)
Fiscal 2012
Three months ended
Nine months ended
December 31
December 31(C)(C)/(A)(D)(D)/(B)

108.3

307.4

121.4

112%

324.7

106%

Power Systems

67.4

203.5

77.6

115%

230.8

113%

Social Infrastructure & Industrial Systems

71.0

205.5

96.4

136%

264.9

129%

Electronic Systems & Equipment

138.7

447.9

113.6

82%

401.3

90%

Construction Machinery

127.4

397.0

126.7

99%

404.5

102%

High Functional Materials & Components

126.1

395.0

126.7

100%

387.5

98%

Automotive Systems

85.4

244.8

81.8

96%

260.0

106%

Digital Media & Consumer Products

79.2

283.8

84.6

107%

269.2

95%

Information & Telecommunication Systems

12.2

36.8

15.6

128%

44.1

120%

Others

191.8

560.0

44.2

23%

155.1

28%

Subtotal

1,007.9

3,082.0

888.9

88%

2,742.6

89%

Eliminations & Corporate items(29.8)(103.7)(21.2)－(71.1)

－

Total

978.0

2,978.3

867.7

89%

2,671.5

90%

Financial Services

5. Consolidated Capital Expenditures by Business Segment (Completion basis, including Leasing Assets)*3
Fiscal 2011

(Billions of yen)
Fiscal 2012
Three months ended
Nine months ended
December 31
December 31

Three months
ended
December 31

Nine months
ended
December 31

(A)

(B)

(C)

11.2

29.3

12.3

109%

41.1

140%

Power Systems

7.3

17.1

6.7

92%

18.8

110%

Social Infrastructure & Industrial Systems

4.9

16.5

6.4

131%

21.9

133%

Electronic Systems & Equipment

7.8

16.2

4.2

54%

12.1

74%

Construction Machinery

19.2

46.1

14.9

78%

55.8

121%

High Functional Materials & Components

16.4

43.9

20.0

122%

57.9

132%

Automotive Systems

10.7

25.1

11.3

106%

33.6

134%

3.2

10.9

6.0

187%

15.2

139%

Financial Services

59.3

189.6

85.0

143%

254.9

134%

Others

20.6

60.0

10.4

51%

30.7

51%

Subtotal

161.1

455.2

177.8

110%

542.3

119%

(1.6)

(7.4)

(1.2)

－

(1.1)

－

Information & Telecommunication Systems

Digital Media & Consumer Products

Eliminations & Corporate items(C)/(A)(D)(D)/(B)

159.4

447.8

176.6

111%

541.2

121%

Internal use Assets

93.8

248.4

92.1

98%

272.5

110%

Leasing Assets

65.6

199.3

84.4

129%

268.6

135%

Total

- more -- 25 -

6. Consolidated Depreciation by Business Segment*3
Fiscal 2011
Three months
ended
December 31

Nine months
ended
December 31

(A)

(B)

(Billions of yen)
Fiscal 2012
Three months ended
Nine months ended
December 31
December 31(C)(C)/(A)(D)(D)/(B)

Information & Telecommunication Systems

8.7

22.3

8.1

93%

23.5

105%

Power Systems

4.3

12.2

4.4

102%

12.2

101%

Social Infrastructure & Industrial Systems

5.1

14.7

4.7

92%

14.0

95%

Electronic Systems & Equipment

3.1

8.6

2.5

81%

7.3

85%

Construction Machinery

8.6

25.6

7.9

91%

22.9

90%

15.5

46.2

14.5

94%

41.8

90%

Automotive Systems

6.8

18.3

5.3

78%

15.0

82%

Digital Media & Consumer ProductsHigh Functional Materials & Components

4.5

14.0

4.8

108%

13.6

97%

Financial Services

14.0

43.5

14.5

104%

43.1

99%

Others

18.2

54.6

7.9

44%

23.3

43%

Subtotal

89.3

260.5

75.1

84%

217.2

83%

0.7

1.8

0.9

118%

2.4

135%

90.1

262.3

76.0

84%

219.7

84%

Internal use Assets

70.4

202.7

56.5

80%

162.0

80%

Leasing Assets

19.6

59.6

19.5

99%

57.6

97%

Eliminations & Corporate items
Total

7. Consolidated R&D Expenditure by Business Segment*3
Fiscal 2011

(Billions of yen)
Fiscal 2012
Three months ended
Nine months ended
December 31
December 31(C)(C)/(A)(D)(D)/(B)

Three months
ended
December 31

Nine months
ended
December 31

(A)

(B)

20.0

61.8

19.2

96%

59.3

96%

Power Systems

3.8

11.5

4.5

120%

13.8

120%

Social Infrastructure & Industrial Systems

5.1

16.2

5.5

109%

17.1

106%

11.1

34.2

10.0

90%

31.6

92%

104%

12.4

105%

Information & Telecommunication Systems

Electronic Systems & Equipment

4.1

11.9

4.3

High Functional Materials & Components

11.6

34.4

11.2

97%

32.7

95%

Automotive Systems

13.1

37.4

15.1

115%

42.2

113%

Digital Media & Consumer Products

5.6

17.4

4.5

80%

15.2

87%

Financial Services

0.0

0.2

0.0

86%

0.1

50%

17.1

54.2

1.7

10%

5.3

10%

5.8

17.5

5.9

101%

18.0

103%

97.9

297.0

82.3

84%

248.1

84%

4.3

4.3

3.9

－

3.8

－

Construction Machinery

OthersCorporate items
Total
Percentage of revenues (%)- more -- 26 -

8. Consolidated Balance Sheets by Financial and Non-Financial Services*5(Billions of yen)

As of March 31, 2012

As of December 31, 2012

Manufacturing,Servicesand Others

Financial
Services

Total*6

Manufacturing,Servicesand Others

Financial
Services

Total*6

4,593.2

1,023.1

5,162.1

4,532.2

1,071.7

5,197.2

589.0

142.0

619.5

573.7

146.2

606.5

1,999.5593.5

2,343.4

1,749.4

660.0

2,178.5

Investments in leases

86.6

169.6

235.7

84.6

174.3

243.9

Current portion of financial assets transferred toconsolidated securitization entities

5.6

80.3

86.0

4.9

53.3

58.3

1,413.2

0.0

1,413.2

1,610.1

0.0

1,610.0

499.0

37.3

464.0

509.2

37.6

499.9

Current assets
Cash and cash equivalents
Trade receivables

Inventories
OthersInvestments and advances

685.4

92.0

744.4

667.8

96.6

721.3

1,828.4

198.4

2,025.5

2,002.1

203.2

2,204.2

－

205.4

205.4

－

157.0

157.0

Other assets

887.6

431.6

1,280.8

943.0

449.8

1,366.5

Total Assets

7,994.7

1,950.6

9,418.5

8,145.3

1,978.6

9,646.5

Current liabilities

3,576.1

991.1

4,110.8

3,725.1

896.6

4,215.0

615.2

491.6

915.5

998.4

472.7

1,302.3

5.6

91.3

97.0

4.9

33.5

38.4

Trade payables

1,284.0

269.9

1,325.7

1,110.4

259.8

1,163.8

Others

1,671.1

138.1

1,772.5

1,611.3

130.6

1,710.4

801.9

501.9

1,248.8

646.0

638.7

1,230.2

－

135.0

135.0

－

110.4

110.4

Other noncurrent liabilities

1,089.4

65.6

1,149.7

1,095.2

60.8

1,150.8

Total Liabilities

5,467.6

1,693.8

6,644.5

5,466.4

1,706.7

6,706.5

Total Hitachi, Ltd. stockholders' equity

1,635.8

146.6

1,771.7

1,748.9

155.9

1,893.9

891.3

110.2

1,002.2

929.9

115.9

1,045.9

Total Equity

2,527.1

256.8

2,773.9

2,678.8271.8

2,939.9

Total Liabilities and Equity

7,994.7

1,950.6

9,418.5

8,145.3

1,978.6

9,646.5

Interest-bearing debt

1,422.8

1,220.0

2,396.4

1,649.4

1,255.4

2,681.3

D/E ratio (including noncontrolling interests) (times)

0.56

4.75

0.86

0.62

4.62

0.91

Total Hitachi, Ltd. stockholders’ equity ratio

20.5%

7.5%

18.8%

21.5%

7.9%

19.6%

Property, plant and equipment
Financial assets transferred to consolidated securitization
entities

Short-term debt and current portion of long-term debt
Current portion of non-recourse borrowings ofconsolidated securitization entities

Long-term debt
Non-recourse borrowings of consolidated securitization
entities

Noncontrolling interests*5*6

Figures in tables 8, 9 and 10 represent unaudited financial information prepared by the Company for the purpose of this supplementary information.
Total Figures exclude inter-segment transactions.

- more -- 27 -

9. Consolidated Statements of Operations by Financial and Non-Financial Services*5(Billions of yen)

Fiscal 2011

Fiscal 2012

Nine months ended December 31

Nine months ended December 31

Manufacturing,Servicesand Others

Financial
Services

Total*6

Manufacturing,Servicesand Others

6,671.6

266.1

6,837.6

Operating income

246.7

20.4

Income before income taxes

199.1

Net income attributable to Hitachi, Ltd. stockholders

81.1

Revenues

Financial
Services

Total*6

6,309.8

260.2

6,468.7

265.7

213.0

19.8

231.9

19.6

216.9

156.1

21.9

175.6

6.1

85.2

42.9

9.8

50.3

10. Consolidated Statements of Cash Flows by Financial and Non-Financial Services*5(Billions of yen)

Fiscal 2011

Fiscal 2012

Nine months ended December 31

Nine months ended December 31

Manufacturing,Servicesand Others

Financial
Services

Total*6

Manufacturing,Servicesand Others

Financial
Services

Total*6

Cash flows from operating activities

81.3

27.7

100.6

210.0

50.8

245.3

Cash flows from investing activities(329.2)32.6(304.8)(379.0)(61.9)(453.6)

Cash flows from financing activities

290.4(26.6)

248.7

132.9

14.1

173.7

Effect of exchange rate changes on cash and cash
equivalents(37.1)(0.2)(37.4)

20.7

1.0

21.5

Net increase (decrease) in cash and cash equivalents

5.3

33.4

7.0

(15.2)

4.1(12.9)Cash and cash equivalents at beginning of the period

533.6

108.8

554.8

589.0

142.0

619.5

Cash and cash equivalents at end of the period

538.9

142.3

561.8

573.7

146.2

606.5

- more -- 28 -

11. Information & Telecommunication Systems(1) Revenues and Operating Income*7(Billions of yen)

Fiscal 2011
Three months ended Nine months ended
December 31
December 31

Revenues
Software & Services
SoftwareServices
Hardware
Storage*8Servers*9
PCs*10
Telecommunication
OthersOperating income

Three months ended
December 31

Fiscal 2012
Nine months ended
December 31

(A)

(B)

(C)

(C)/(A)(D)(D)/(B)(E)(E)/FY2011

407.6
268.5
42.0
226.4
139.0
50.4
11.2
6.2
38.1
33.0
18.9

1,204.6
821.6
125.5
695.9
382.9
142.4
35.2
20.7
99.3
84.9
49.9

409.4
276.4
40.5
235.8
132.9
52.6
11.4
5.7
26.3
36.7
15.9

100%
103%
96%
104%
96%
104%
102%
92%
69%
111%
84%

1,242.3
847.1
115.8
731.3
395.1
146.8
37.5
17.7
85.7
107.3
43.1

103%
103%
92%
105%
103%
103%
107%
86%
86%
126%
86%

1,780.0
1,250.0

101%
102%

530.0

98%

115.0
89.0
26.0

113%
103%
169%

Software & Services
Hardware
*7
*8
*9
*10

Total (Forecast)

Figures for each product exclude intra-segment transactions.
Figures for Storage include disk array systems, etc.
Figures for Servers include general-purpose computers, UNIX servers, etc.
Figures for PCs include PC servers, client PCs (only commercial use), etc.

(2) Storage Solutions(Billions of yen)
Fiscal 2011
Three months ended Nine months ended
December 31
December 31

Revenues

Three months ended
December 31

Fiscal 2012
Nine months ended
December 31

Total (Forecast)

(A)

(B)

(C)

(C)/(A)(D)(D)/(B)(E)(E)/FY2011

94.0

261.0

98.0

104%

273.0

105%

370.0

105%

###