FOR IMMEDIATE RELEASE

Hitachi Announces Consolidated Financial Results
For the Second Quarter ended September 30, 2009
Tokyo, October 29, 2009 --- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced its
consolidated financial results for the second quarter of fiscal 2009, ended September 30,
2009.
Notes:1. All figures, except for the outlook for the fiscal 2009, were converted at the rate of 90 yen to
the U.S. dollar, the approximate exchange rate on the Tokyo Foreign Exchange Market as of
September 30, 2009.
2. Segment information and operating income (loss) are presented in accordance with financial
reporting principles and practices generally accepted in Japan.

- more --2-Summary
In millions of yen and U.S. dollars, except Net income (loss) attributable to Hitachi, Ltd. per share (6) and
Net income (loss) attributable to Hitachi, Ltd. per American Depositary Share (7).
Three months ended September 30

Six months ended September 30

U.S. $

Yen(B)/(A)
X100 (millions)
(%)
2009

(millions)24,801

5,310,547

4,124,958

78

45,83322287

197,082(24,760)-(275)(29,311)-(326)

138,143(110,139)-(1,224)

9,899(48,107)-(535)

64,279(138,874)-(1,543)(17,370)(50,556)-(562)

14,187(133,221)-(1,480)Basic(5.23)(15.21)-(0.17)

4.27(40.08)-(0.45)

Diluted(5.29)(15.21)-(0.17)

3.98(40.08)-(0.45)

Basic

(52)

(152)

-

(1.69)

43

(401)

-

(4.46)

Diluted

(53)

(152)

-

(1.69)

40

(401)

-

(4.46)

3. Income (loss)
before income taxes

4. Net income (loss)

5. Net income (loss) attributable to
Hitachi, Ltd.

2,767,052

2,232,057

81

119,389

25,83654,528(millions)2009 (D)

2. Operating income (loss)

2009 (B)U.S. $(D)/(C)
X100 (millions)
(%)
2009

2008 (C)

1. Revenues

2008 (A)Yen

6. Net income (loss) attributable to
Hitachi, Ltd. per share

7. Net income (loss) attributable to
Hitachi, Ltd. per ADS(representing 10 shares)

Notes: 1. The Company's consolidated financial statements are prepared based on U.S.GAAPs.
Notes: 2. Segment Information and operating income (loss) are presented in accordance with financial reporting principles and practices generally
Notes: 2. accepted in Japan.
Notes: 3. Upon the adoption of Accounting Standards Codification 810-10-65-1, "Income before income taxes and minority interests","Income before minority interests" and "Net income" are changed to "Income before income taxes", "Net income" and "Net income attributable
to Hitachi, Ltd.", respectively, from Fiscal 2009.
Notes: 4. The figures are for 927 consolidated subsidiaries, including Variable Interest Entities, and 166 equity-method affiliates.

- more --3-

1. Qualitative Information Concerning Consolidated Business Results(1) Summary of Fiscal 2009 Second-Quarter (Three Months Ended September 30,2009) and First-Half (Six Months Ended September 30, 2009) Consolidated
Business Results
Three months ended September 30, 2009
Yen(billions)Year-over-yearchange% or billion yen

Six months ended September 30, 2009

U.S. dollars(millions)Yen(billions)Year-over-year
Change% or billion yen

U.S. dollars(millions)

2,232.0(19%)

24,801

4,124.9(22%)

45,833Operating income (loss)

25.8(93.5)

287(24.7)(221.8)(275)

Loss before income taxes(29.3)(83.8)(326)(110.1)(248.2)(1,224)

Net loss(48.1)(58.0)(535)(138.8)(203.1)(1,543)(50.5)(33.1)(562)(133.2)(147.4)(1,480)

Revenues

Net loss attributable
Hitachi, Ltd.

to

The world economy, which sharply declined starting in September 2008, finally leveled out
in the first half of fiscal 2009, the year ending March 31, 2010, due to the effect of various
countries’ economic stimulus packages. However, conditions remained severe, with bothconsumption and production levels extremely low.
The U.S., European and other industrialized economies continued to weaken as employment
and personal income worsened, although conditions have stopped deteriorating. On theother hand, the Chinese economy is staging an ongoing recovery, as highlighted by 8.9%
year-over-year GDP growth in the July-September quarter, spurred by massive government
pump-priming measures centered on expanding domestic demand.
In Japan, the economy bottomed out, with production and exports both registering increases
compared to the second half of fiscal 2008 (October 2008 to March 2009), reflecting
progress adjusting automobile and electronic component and device inventories, as well as
government stimulus and resurgent exports to China. Still, the Japanese economy fell shortof achieving a self-sustaining recovery, with consumer spending and housing investment
lackluster against a backdrop of falling capital investment and worsening employment andpersonal incomes.
In this environment, Hitachi’s consolidated revenues for the first half of fiscal 2009 declined
22% year over year, to 4,124.9 billion yen. This mainly reflected lower year-over-year
revenues in the High Functional Materials & Components, the Power & Industrial Systems
and the Information & Telecommunication Systems segments in line with falling demand
for automobiles, semiconductors, industrial components and equipment and certain otherproducts, as well as drifting corporate capital investment.
Overseas revenues decreased 26% year over year to 1,704.5 billion yen due to theprolonged heavy impact of falling demand worldwide, despite sales to China and otheremerging economies were higher than to industrialized nations.
Hitachi posted a consolidated operating loss of 24.7 billion yen, 221.8 billion yen lower
year over year as earnings in the Power & Industrial Systems, the High Functional Materials& Components, the Information & Telecommunication Systems and the Electronic Devices- more --4-segments, which dropped in the second half of fiscal 2008, failed to recover to the levels
recorded in the first half of fiscal 2008. The Digital Media & Consumer Products segment,
however, saw earnings improve year over year due to cost cuttings from businessrestructuring. The actual consolidated operating loss was an 85.2 billion yen improvementon the initial forecast announced on May 12, 2009. This was the result of Hitachigroup-wide activities to cut fixed costs and procurement costs, progress with structuralreforms in various businesses, and rigorous project management.
Hitachi posted net other deductions of 85.3 billion yen, 26.4 billion yen worse than thecorresponding period of the previous fiscal year, despite a decline in expenses related tobusiness restructuring, including impairment losses on fixed assets. The deterioration in net
other deductions reflected the booking again of equity in losses of semiconductor-related
affiliated company, whose sales dropped rapidly in the second half of fiscal 2008, despite
improved performances compared with initial forecasts. Another factor was the impairment
of securities as share prices failed to rebound to the level at September 30, 2008 despite theshare market recovery since the end of March 2009. Net other deductions improved 24.6
billion yen compared with the initial forecast, due to an improvement in equity in losses ofsemiconductor-affiliated company in line with improved performances, as well as decreased
losses on disposal of fixed assets and exchange losses.
As a result of the above, Hitachi recorded a loss before income taxes of 110.1 billion yen,248.2 billion yen lower year over year due to the challenging business environment whichbegan deteriorating in the latter half of fiscal 2008, although this represented an
improvement over the initial forecast. After taxes of 28.7 billion yen, Hitachi posted a net
loss of 138.8 billion yen, 203.1 billion yen worse year over year. After net loss attributable
to noncontrolling interests of 5.6 billion yen, Hitachi recorded a net loss attributable to
Hitachi, Ltd. of 133.2 billion yen, 147.4 billion yen worse year over year.
For the second quarter of fiscal 2009, the three months ended September 30, 2009,
consolidated revenues were down 19% year over year, at 2,232.0 billion yen. Operating
income declined 93.5 billion yen from the same period of the previous fiscal year to 25.8
billion yen, despite second-quarter profits were posted by all segments except Power &Industrial Systems. Hitachi also recorded a net loss attributable to Hitachi, Ltd. of 50.5
billion yen, 33.1 billion yen worse year over year. Compared to the first quarter of fiscal
2009, the April to June 2009 quarter, revenues increased 17% in the second quarter, while
the operating loss narrowed over the same period by 76.4 billion yen due to reductions in
fixed expenses, lower costs and progress with business structure reforms. Hitachi’s
performance thus improved in the second quarter of fiscal 2009 after having worsened fromthe second half of fiscal 2008.

- more --5-(2) Revenues and Operating Income (Loss) by Segment
Results by segment were as follows:[Information & Telecommunication Systems]
Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)Year-over-year

Yen(billions)Year-over-year% change

U.S. dollars(millions)% change

U.S. dollars(millions)

Revenues

565.0

(18%)

6,278

1,036.7(19%)

11,519Operating income

23.8

(51%)

265

27.0

(63%)

301

For first half of fiscal 2009, Information & Telecommunication Systems segment recorded
revenues of 1,036.7 billion yen, a decrease of 19% year over year. Software and services
posted lower revenues year over year, reflecting lower revenues from both software andservices. In addition to a constrained investment in the financial and industrial sectors
largely due to the lackluster domestic economy, the lower revenues reflected a decrease indemand for large system construction, including system integration at mega-banks and forthe transition to an electronic share certificate system in Japan. Hardware revenues,
including storage systems, fell year over year due to soft demand and the effect of foreign
currency fluctuations.
Segment operating income fell 63% year over year, to 27.0 billion yen. Software andservices recorded lower operating income as revenues fell. Due to anemic demand that
resulted in less earnings in HDD operations and Hitachi Kokusai Electric Inc., whichbecame a consolidated subsidiary in March 2009, hardware also posted lower operating
income. However, the operating income result was higher than the initial forecast due torigorous project management and the benefits of fixed-cost reductions.
For the second quarter of fiscal 2009, revenues declined 18% year over year, to 565.0
billion yen. Operating income declined 51% year over year, to 23.8 billion yen, but
increased 20.6 billion yen from the previous quarter. Segment performance, which
worsened in the previous quarter, thus improved in the second quarter of fiscal 2009. In
addition, HDD operations have returned to profitability in the July-September quarter of
2009; these earnings will be booked in Hitachi’s third quarter of fiscal 2009.
Note: The HDD operations are conducted by Hitachi Global Storage Technologies (Hitachi GST), which has a
December 31 fiscal year-end, different from Hitachi's March 31 year-end. Hitachi's results for the six
months ended September 30, 2009 include the operating results of Hitachi GST for the six months
ended June 30, 2009.

- more --6-[Electronic Devices]

Revenues
Operating income (loss)

Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)% change

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

230.4

(35%)

2,561

3.3

(83%)

37

Year-over-year% change

U.S. dollars(millions)

420.3

(34%)

4,671

(3.8)

-

(43)

Year-over-year

For the first half of fiscal 2009, Electronic Devices revenues were 420.3 billion yen, 34%
down year over year. One factor was lower revenues at Hitachi High-Technologies
Corporation resulting mainly from decreased sales of semiconductor-related production
equipment and electronic components, as the electronics industry including semiconductor
did not achieve a full-fledged recovery despite signs of an underlying recovery. Anotherfactor behind the decline in segment revenues was lower sales of displays, despite anincrease in sales of high-definition displays for mobile phones, because of soft demand forcertain other products.
The segment recorded an operating loss of 3.8 billion yen, 32.3 billion yen worse year overyear, due to lower earnings at Hitachi High-Technologies because of lower sales.
For the second quarter of fiscal 2009, segment revenues declined 35%, to 230.4 billion yen,while operating income declined 83%, to 3.3 billion yen year over year. However, segment
performance, which had worsened from the second half of fiscal 2008, improved from theprevious quarter by 10.4 billion yen.
[Power & Industrial Systems]
Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)

U.S. dollars(millions)Yen(billions)Year-over-year% change% change

U.S. dollars(millions)Year-over-year

Revenues

778.4

(11%)

8,649

1,435.5(15%)

15,951

Operating loss

(5.8)

-

(65)

(22.6)-(252)

For the first half of fiscal 2009, Power & Industrial Systems revenues declined 15% year
over year, to 1,435.5 billion yen, despite firm growth in sales of elevators and escalators in
China and thermal power plant equipment in Europe, as well as the impact of making
Hitachi Koki Co., Ltd. a consolidated subsidiary in March 2009. The overall decline insegment revenues was the result of sharply lower year-over-year sales at Hitachi
Construction Machinery Co., Ltd. due to the effect of falling global demand, and in theautomotive systems business despite improvements over the initial forecast in theautomotive systems business as a result of economic stimulus measures implemented byvarious governments.
The segment recorded an operating loss of 22.6 billion yen, 86.2 billion yen worse year overyear, reflecting sales in the automotive systems business and at Hitachi Construction
Machinery that were only around 60% of the level recorded in the same period of theprevious fiscal year. This result came despite improved earnings in the power systems
business and at Hitachi Plant Technologies, Ltd. on account of better project management
and other factors, and improved earnings compared to the initial forecast in the automotive
systems business due to the benefits of business structural reforms.
- more --7-

For the second quarter of fiscal 2009, segment revenues declined 11% year over year, to778.4 billion yen. The operating loss widened year over year by 43.1 billion yen to 5.8
billion yen. However, segment performance, which had worsened from the second half offiscal 2008, improved from the previous quarter by 11.0 billion yen.
[Digital Media & Consumer Products]

Revenues
Operating income (loss)

Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)% change

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

278.0

(23%)

3,090

4.2

-

48

Year-over-year% change

U.S. dollars(millions)

519.3

(25%)

5,771

(9.1)

-

(102)

Year-over-year

The Digital Media & Consumer Products segment saw revenues drop 25%, to 519.3 billion
yen. The lower overall segment revenues reflected the impact of the large reduction ofoverseas sales channels for flat-panel TVs as part of business structural reforms designed tolower operational risk, as well as lower sales of air conditioners due to constrained capital
investment and a cool summer. Sales of refrigerators increased, however, spurred by theJapanese government’s eco-point program.
The segment posted an operating loss of 9.1 billion yen, 17.4 billion yen better than in thefirst half of fiscal 2008, despite the decrease in sales and sales prices. This was the result ofa narrower loss in the flat-panel TV business resulting from the switch to procuring plasma
panels from outside the Hitachi Group, thus reducing overseas sales channels and otheractions. There was also a 7.8 billion yen improvement compared to the initial forecast,reflecting cost savings from business restructuring.
For the second quarter of fiscal 2009, segment revenues dropped 23% year over year, to278.0 billion yen. The segment realized second-quarter operating income of 4.2 billion yen.
This was a 17.0 billion yen improvement year over year and a 17.6 billion yen improvementfrom the first quarter of fiscal 2009 due to the benefits of ongoing structural reforms.
[High Functional Materials & Components]

Revenues
Operating income

Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)% change

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

306.2

(34%)

3,402

8.9

(73%)

100

Year-over-year% change

U.S. dollars(millions)

578.8

(37%)

6,432

6.4

(91%)

71

Year-over-year

For the first half of fiscal 2009, High Functional Materials & Components revenues
decreased 37%, to 578.8 billion yen. This mainly reflected large sales decreases at Hitachi
Metals, Ltd., Hitachi Chemical Co., Ltd., and Hitachi Cable, Ltd. due to falling worldwide
demand, although signs of an up-tick in demand are starting to emerge for automotive
components- and semiconductor-related products due to progress in adjusting inventories.
The segment reported operating income of 6.4 billion yen, 91% down year over year due tothe heavy impact of a rapid decline in demand in the second half of fiscal 2008. This result
was despite Hitachi Chemical and other businesses recording improvements over initial
forecasts due to the benefits of fixed-cost reductions and procurement expenses.
- more --8-

For the second quarter of fiscal 2009, segment revenues declined 34%, to 306.2 billion yen.
Segment operating income declined 73% year over year, to 8.9 billion yen. The segment
recorded a marked deterioration in operating income in the second half of fiscal 2008, but
operating income recovered rapidly in the first quarter of fiscal 2009 and the result in the second
quarter of fiscal 2009 was a further 11.4 billion yen improvement on the previous quarter, as thesegment recorded a quarterly profit.
[Logistics, Services & Others]

Revenues
Operating income

Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)% change

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

241.8

(14%)

2,687

0.9

(87%)

11

Year-over-year% change

U.S. dollars(millions)

454.9

(21%)

5,055

3.5

(70%)

39

Year-over-year

For the first half of fiscal 2009, Logistics, Services & Others revenues declined 21%, to454.9 billion yen due to lower revenues at Hitachi Transport System, Ltd. on account of softdemand and lower sales at overseas sales subsidiaries.
Segment operating income dropped 70%, to 3.5 billion yen year-over-year because of
decreased revenues and other factors.
For the second quarter of fiscal 2009, segment revenues declined 14%, to 241.8 billion yen.
Segment operating income declined 87%, to 0.9 billion yen.
[Financial Services]

Revenues
Operating income

Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)% change

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

142.8

46%

1,587

1.1

11%

13

Year-over-year% change

U.S. dollars(millions)

235.0

24%

2,612

3.5

(53%)

39

Year-over-year

For the first half of fiscal 2009, Financial Services revenues increased 24% year over year,
to 235.0 billion yen. Although lease transactions declined amid falling capital investment
and personal spending, the segment also recorded large cancellation penalty payment
receipts.
Segment operating income dropped 53%, to 3.5 billion yen, mainly due to lower leasetransaction volumes and increased bad debt expenses at Hitachi Capital Corporation.
For the second quarter of fiscal 2009, segment revenues increased 46% year over year, to142.8 billion yen. Operating income increased 11% year over year, to 1.1 billion yen.

- more --9-(3) Revenues by Market
Three months ended September 30, 2009

Six months ended September 30, 2009

Yen(billions)Year-over-year

U.S. dollars(millions)Yen(billions)Year-over-year% change% change

U.S. dollars(millions)

1,319.7(18%)

14,6632,420.3(20%)

26,893

Outside Japan

912.3

(21%)

10,137

1,704.5(26%)

18,940

Asia

425.8

(22%)

4,732

782.8

(27%)

8,699

North America

181.5

(27%)

2,018

353.9

(27%)

3,933

Europe

201.0

(16%)

2,234

379.8

(25%)

4,220

Other Areas

103.9

(13%)

1,154

187.9

(20%)

2,088

Japan

Revenues in Japan were 2,420.3 billion yen, down 20% year over year, reflecting lower
revenues mainly in the High Functional Materials & Components and Power & Industrial
Systems segments.
Outside Japan revenues declined 26%, to 1,704.5 billion yen due to falling demand
worldwide. Sales to China and other emerging economies were higher than to industrialized
nations.
As a result, the ratio of overseas revenues to consolidated revenues declined 2 percentage
points to 41%.
In the second quarter, revenues in Japan dropped 18% year over year, to 1,319.7 billion yen.
Overseas revenues declined 21%, to 912.3 billion yen.

(4) Capital Investment, Depreciation and R&D Expenditures
Capital investment on a completion basis, excluding leasing assets, decreased 42% year
over year, to 127.3 billion yen. Hitachi continued to only select investments, concentrating
investments on strengthening the business base of the Power & Industrial Systems and theInformation & Telecommunication Systems segments in order to bolster the Social
Innovation Business.
Depreciation, excluding leasing assets, decreased 7%, to 179.2 billion yen, mainly due tothe stricter selection of capital investments.
R&D expenditures declined 15%, to 178.9 billion yen, which corresponded to 4.3% ofconsolidated revenues. Although Hitachi only selected development investments, theCompany invested aggressively in strategic products that underpin the Social Innovation
Business.
For the second quarter of fiscal 2009, capital investment on a completion basis, excluding
leasing assets, decreased 47%, to 62.9 billion yen. Depreciation, excluding leasing assets,
decreased 6%, to 89.7 billion yen. R&D expenditures decreased 18%, to 92.2 billion yen,
and corresponded to 4.1% of consolidated revenues.

- more -- 10 -

2. Financial Position(1) Financial Position
As of September 30, 2009
Yen(billions)

Change fromMarch 31, 2009

U.S. dollars(millions)

Total assets

8,835.1(568.5)98,168

Total liabilities

6,761.8(462.5)75,131

Interest-bearing debt

2,557.7(262.3)28,419962.0(87.9)

10,689Noncontrolling interests

1,111.2(18.1)

12,348

Total Hitachi, Ltd. stockholders’equity ratio

10.9%

0.2 point deterioration-

1.23 times

0.06 point improvement-

Total Hitachi, Ltd. stockholders’ equity

D/E ratio (including noncontrolling interests)

Total assets as of September 30, 2009 were 8,835.1 billion yen, a decrease of 568.5 billion
yen from March 31, 2009. This was the result of ongoing efforts to reduce assets byimproving asset efficiency, in addition to reductions of fixed costs and procurement
expenses as well as structural reforms of unprofitable businesses. Consequently,interest-bearing debt decreased 262.3 billion yen, to 2,557.7 billion yen from March 31,
2009. Total Hitachi, Ltd. stockholders’ equity decreased 87.9 billion yen over the same
period, to 962.0 billion yen, with the reduction of pension liability adjustments and otherfactors somewhat mitigating the net loss attributable to Hitachi, Ltd. As a result, the total
Hitachi, Ltd. stockholders’ equity ratio was 10.9%. The debt-to-equity ratio (including
noncontrolling interests) was 1.23 times.

(2) Cash FlowsSix months ended September 30, 2009
Yen(billions)Year-over-yearchangeU.S. dollars(millions)

Cash flows from operating activities

332.5

85.6

3,695

Cash flows from investing activities(255.8)(13.1)(2,843)

76.6

72.5

851

(265.5)(198.6)(2,951)

Free cash flows
Cash flows from financing activities

Operating activities provided net cash of 332.5 billion yen, an 85.6 billion yen increase on
the same period of the previous fiscal year. Although the net loss increased, this increase inoperating cash flows was the result of quickly collecting accounts receivable and reducing
inventories.
Investing activities used net cash of 255.8 billion yen, 13.1 billion yen more year over year,
despite the stricter selection of investments, including property, plant and equipment. Thiswas due to a decrease in the securitization of investments in leases as well as subscription to- more -- 11 -an allotment of shares to shareholders to increase capital by Renesas Technology Corp. in
September 2009.
Free cash flows, the sum of cash flows from operating and investing activities, improved
72.5 billion yen year over year, to 76.6 billion yen.
Financing activities used net cash of 265.5 billion yen, 198.6 billion yen more than in thefirst half of the previous fiscal year. This was due to the repayment of debt with cash built
up at the end of March 2009.
The net result of the above items was a decrease of 190.4 billion yen in cash and cash
equivalents, to 617.4 billion yen.
3. Outlook for Fiscal 2009
Year ending March 31, 2010
Yen
(billions)Year-over-yearchange% or billion yen

8,700.0(13%)

93,548Operating income

80.0(47.1)

860

Loss before income taxes(90.0)

199.8

(968)

Net loss(220.0)575.1(2,366)Net loss attributable to Hitachi, Ltd.

(230.0)557.3(2,473)

Revenues

U.S. dollars(millions)

Note: All fiscal 2009 outlook figures were converted using 93 yen to the U.S. dollar.

In terms of the overall business environment going forward, the Japanese economy has seenexports turn upward, mainly to China, as well as strong sales of automobiles and household
appliances, which have been stimulated by government spending programs. Nevertheless,personal spending and corporate investment remain at low levels. The Chinese economy hasregistered comparatively high economic growth on the back of aggressive government
economic stimulus measures. However, the pace of growth may slow going forward as
authorities begin to tighten bank lending because of concerns about excess spare production
capacity. The global economy as a whole see production bottoming out due to progress withinventory adjustments, but consumer demand remains subdued, particularly inindustrialized nations, and a recovery in capital investment is expected to take some time.
Furthermore, the deterioration in employment and wages is expected to continue.
Considering these factors, an economic recovery is not expected until the latter half of fiscal
2010.
Hitachi has lowered its full-year forecast for consolidated revenues due to concerns about adelayed recovery in private-sector capital expenditures, although the third and fourth
quarters of fiscal 2009 should see a continued mild economic recovery. On the other hand,
Hitachi has raised its previous earnings forecasts due to stronger earnings power in theSocial Innovation Business, the benefits of business structure reforms and improved
earnings in HDD operations, among other factors.
Hitachi is assuming exchange rates of 90 yen to the U.S. dollar and 125 yen to the euro forthe third and fourth quarters of fiscal 2009.
- more -- 12 -

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 projectedor 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 UnitedStates 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;•

fluctuations in product demand and industry capacity, particularly in the Information & Telecommunication Systems segment, Electronic Devices segment
and Digital Media & Consumer Products segment;•

increased commoditization of information technology products and digital media related products and intensifying price competition
for such products, particularly in the Information & Telecommunication Systems segment, Electronic Devices segment and DigitalMedia & Consumer Products segment;•

uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technology on a timely andcost-effective basis and to achieve market acceptance for such products;•

rapid technological innovation, particularly in the Information & Telecommunication Systems segment, Electronic Devices segment
and Digital Media & Consumer Products segment;•

exchange rate fluctuation for the yen and other currencies in which Hitachi makes significant sales or in which Hitachi’s assets andliabilities are denominated, particularly against the U.S. dollar and the euro;•

fluctuations in the price of raw materials including, without limitation, petroleum and other materials, such as copper, steel, aluminumand synthetic resins;•

uncertainty as to Hitachi’s ability to implement measures to reduce the potential negative impact of fluctuations in product demand,exchange rate and/or the price of raw materials;•

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, ordifferences in commercial and business customs including, without limitation, contract terms and conditions and labor relations;•

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;•

uncertainty as to the success of restructuring efforts to improve management efficiency and to strengthen competitiveness;•

uncertainty as to the success of alliances upon which Hitachi depends, some of which Hitachi may not control, with other corporationsin the design and development of certain key products;•

uncertainty as to Hitachi’s ability to access, or access on favorable terms, liquidity or long-term financing; and•uncertainty as to general market price levels for equity securities in Japan, declines in which may require Hitachi to write down equity
securities it holds.

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.

- more -- 13 -

Consolidated Statements of Operations
Three months ended September 30
Yen(millions)

Six months ended September 30

U.S. $(B)/(A)
X100 (millions)
(%)
2009

2008 (A)2009 (B)

Revenues

2,767,052

2,232,057

81

Cost of sales

2,117,559

1,740,071

Selling, general andadministrative expenses

530,104

Operating income (loss)

Yen(millions)

U.S. $(D)/(C)
X100 (millions)
(%)
2009

2008 (C)2009 (D)24,801

5,310,547

4,124,958

78

45,83382

19,334

4,073,494

3,200,326

79

35,559466,150

88

5,179

1,039,971

949,392

91

10,549119,389

25,83622287

197,082(24,760)-(275)

11,423

3,796

33

42

26,569

9,531

36

106

(Interest and dividends)

6,220

3,796

61

42

17,159

9,348

54

104

(Other)

5,203

0

0

0

9,410

183

2

2

Other income

Other deductions

76,28458,94377655

85,50894,910111

1,055(Interest charges)

8,673

6,524

75

72

18,273

13,55874151(Other)67,611

52,41978

582

67,23581,352

121

904

Income (loss) before income taxes

54,528(29,311)-(326)

138,143(110,139)-(1,224)

44,62918,79642

209

73,86428,735

39

319

9,899

(48,107)-(535)

64,279(138,874)-(1,543)

Less: Net income (loss) attributable tononcontrolling interests

27,269

2,449

9

27

50,092(5,653)-(63)

Net income (loss) attributable to
Hitachi, Ltd.

(17,370)(50,556)-(562)

14,187(133,221)-(1,480)

Income taxes

Net income (loss)- more -- 14 -

Consolidated Balance Sheets
Yen(millions)

Total Assets
Current assets
Cash and cash equivalents
Short-term investments
Trade receivables
Notes
Accounts
Investments in leases
Inventories
Other current assets
Investments and advances
Property, plant and equipment
Other assets
Total Liabilities and Stockholders' equity
Current liabilities
Short-term debt and current portionof long-term debt
Trade payables
Notes
Accounts
Advances received
Other current liabilities
Noncurrent liabilities
Long-term debt
Retirement and severance benefits
Other liabilities
Total stockholders' 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 September 30,

2009 (A)2009 (B)(B)-(A)

U.S. Dollars(millions)
As of September 30,

2009

9,403,709
5,065,399
807,926
8,654

8,835,164 (568,545)
4,573,756 (491,643)
617,445 (190,481)
23,515
14,861

98,16850,8206,861
261

105,218
2,028,060
170,340
1,456,271
488,930
693,487
2,393,946
1,250,877

85,811 (19,407)
1,814,978 (213,082)
181,507
11,167
1,380,600 (75,671)
469,900 (19,030)
704,042
10,5552,319,534 (74,412)
1,237,832 (13,045)

953
20,166
2,017
15,3405,221
7,823
25,773
13,754

9,403,709
4,621,904

8,835,164 (568,545)
4,053,609 (568,295)

98,16845,0401,530,457

1,155,334 (375,123)

12,83739,811
1,138,770
386,519
1,526,347
2,602,453
1,289,652
1,049,597
263,204
2,179,352
1,049,951
282,033
560,066
820,440(586,351)(179,737)(405,082)

23,453 (16,358)
1,032,898 (105,872)
417,039
30,5201,424,885 (101,462)
2,708,226 105,773
1,402,398 112,746
1,033,107 (16,490)
272,7219,517
2,073,329 (106,023)
962,036 (87,915)
282,033
0559,878(188)
687,219 (133,221)(540,930) 45,421(179,983)(246)(374,627) 30,455

261
11,477
4,634
15,83230,091
15,582
11,4793,030
23,037
10,689
3,134
6,221
7,636
(6,010)(2,000)(4,163)12(1,544)(26,237)
1,129,401

15,097(1,417)(26,164)
1,111,293

168
(16)
(291)
12,348- more -15,085
127
73(18,108)

- 15 -

Consolidated Statements of Cash FlowsSix months ended September 30
Yen
U.S. Dollars(millions)(millions)
2008

2009

2009

Cash flows from operating activities
Net income (loss)

64,279(138,874)(1,543)

236,775

223,877

2,488

Adjustments to reconcile net income (loss) to net cash
provided by operating activities
Depreciation
Decrease in receivables and inventories

26,752

290,835

3,232

Decrease in payables(104,774)(125,521)(1,395)Other
Net cash provided by operating activities

23,883
246,915

82,246
332,563

914
3,695

50,7291,711

19

Purchase of rental assets and other properties, net
Sales (purchase) of investments in securities, net(374,251)
11,441(264,797)(33,644)(2,942)(374)

Collection of investments in leases

129,781

82,868921

Cash flows from investing activities
Decrease in short-term investments

Other
Net cash used in investing activities(60,447)(42,031)(467)(242,747)(255,893)(2,843)(43,441)(250,937)(2,788)Cash flows from financing activities
Decrease in interest-bearing debt
Dividends paid to stockholders(9,943)

(134)

(1)

Dividends paid on noncontrolling interests(13,132)(13,560)

(151)

(391)

(944)

(10)

(66,907)(265,575)(2,951)Other
Net cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents(1,770)(1,576)(18)

Net decrease in cash and cash equivalents(64,509)(190,481)(2,116)

Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period

560,960
496,451

807,926
617,445

8,977
6,861

- more -- 16 -

Segment Information(1) Industry Segments
Six months ended September 30
Three months ended September 30
Yen
Yen(B)/(A)(D)/(C)
U.S. $
U.S. $(millions)(millions)
X100 (millions)
X100 (millions)(%)(%)
2008 (A)2009 (B)2009
2008 (C)2009 (D)2009
688,195

565,04022%

22%356,682

230,49911%

9%875,987

778,40828%

31%

Digital Media & Consumer
Products

359,999

278,09912%

11%High Functional Materials& Components

465,480

306,21415%

12%282,708

241,8689%9%97,590142,8073%

6%3,126,641

2,542,935

100%

100%

(359,589)

Information & Telecommunication
Systems

1,281,796

1,036,721

21%

22%

641,198

420,37011%

9%1,693,883

1,435,573

28%

31%

695,501

519,36212%

11%921,173

578,86915%

12%574,955454,96110%

10%

189,992

235,0493%

5%5,998,498

4,680,905

100%

100%

(3,454)(687,951)

81

24,801

49

265

17

37

-

(65)

-

48

27

100

13

11

111

13

27

408

(10,854)-

25,836

22

82

6,278

65

2,561

89

8,649

77

3,090

66

3,402

86

2,687

146

1,587

81

28,255(310,878)-

2,767,052

2,232,057

48,65023,84136%

65%

18,883

3,302

14%

9%

37,285(5,859)

28%

(16%)

Digital Media & Consumer
Products(12,773)

4,278

(10%)

12%

High Functional Materials& Components

32,856

8,995

25%

24%

7,771

994

6%

3%

1,030

1,139

1%

3%

133,70236,690100%

100%(14,313)
119,389

Electronic Devices
Power & Industrial Systems

Logistics, Services & Others
Financial Services
Subtotal
Eliminations & Corporate Items
Revenues Total
Information & Telecommunication
Systems
Electronic Devices
Power & Industrial Systems

Logistics, Services & Others
Financial Services
Subtotal
Eliminations & Corporate Items
Operating income (loss) Total

Note: Revenues by industry segment include intersegment transactions.

- more -81

11,519

66

4,671

85

15,951

75

5,771

63

6,432

79

5,055

124

2,612

78

52,010(555,947)-(6,177)

5,310,547

4,124,958

78

45,83372,17327,060

32%

-

37

301

28,527(3,859)

13%

-

-

(43)

63,518(22,691)

28%

-

-

(252)

(26,661)(9,162)

(12%)

-

-

(102)

68,915

6,412

31%

-

9

71

11,671

3,532

30

39

47

39

2

53

5%

-

7,475

3,502

3%

-

225,618

4,794

100%

-

(121)

(28,536)(29,554)

-

(328)

287

197,082(24,760)-(275)

- 17 -

Segment Information(2) Revenues by Market

Japan
Asia
North America
EuropeOther Areas
Outside Japan
Total

Six months ended September 30
Three months ended September 30
Yen
Yen(B)/(A)(D)/(C)
U.S. $
U.S. $(millions)(millions)
X100 (millions)
X100 (millions)(%)(%)
2008 (A)2009 (B)2009
2008 (C)2009 (D)2009
1,612,249 1,319,707
3,008,241 2,420,374
80
26,89382
14,663
58%
59%
57%
59%
547,354425,84520%

19%249,332

181,5779%8%

238,101

201,0269%9%120,016

103,9024%

5%

1,154,803

912,35042%41%2,767,052

2,232,057

100%

100%

78

4,732

73

2,018

84

2,234

87

1,154

79

10,13781

24,801###

1,075,251

782,89720%

19%484,243

353,9399%9%508,278

379,83510%

9%234,534

187,9134%

4%2,302,306

1,704,584

43%

41%

5,310,547

4,124,958

100%

100%

73

8,699

73

3,933

75

4,220

80

2,088

74

18,94078

45,833

October 29, 2009
Hitachi, Ltd.

Supplementary Information for the Second Quarter ended September 30, 2009
1. Summary(Consolidated basis)
2008
Three months ended
September 30

2009

Six months ended
September 30

Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30(D)(D)/(B)X100

Total(Forecast)

(A)

(B)

2,767.0
119.3
4.3

5,310.5
197.0
3.7

2,232.0
25.8
1.2

81%
22%
―

4,124.9(24.7)
(0.6)

78%
―
―

8,700.0
80.0
0.9

87%
63%
―

Income (loss) before
income taxes *1

54.5

138.1

(29.3)―(110.1)―(90.0)

―

*1

9.8

64.2

(48.1)―(138.8)―(220.0)―(17.3)

14.1(50.5)―(133.2)―(230.0)

―

―
107
(2.4)

70.3
106
(1.1)

―
94
(2.7)

―
―
―

―
95
(4.2)

―
―
―

―
―
―

―
―
―

Revenues*1
Operating income (loss)*1
Percentage of revenues

Net income (loss)

Net income (loss) attributable
to Hitachi, Ltd.*1

Dividend payout ratio(%)
Average exchange rate (yen / U.S.$)Net interest and dividends *1*1(E)/FY2008X100

Billions of yen

Assumed exchange rate for 2nd half of fiscal 2009(yen / U.S.$):As of March 31, 2009

As of September 30, 2009

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

816.5

640.9

Interest-bearing debt
(billions of yen)

2,820.1

2,557.7

D/E Ratio*2 (times)
Number of employees
Japan
Overseas1.29
400,129
260 677
260,677
139,452

1.23
398,722261 570
261,570
137,152

Number of consolidated
subsidiaries (Including
Variable Interest Entities)

943

927

403
540

385
542

Japan
Overseas*2(E)Including noncontrolling interests- more -90

-2(Billions of yen)

2. Consolidated Revenues by Industry Segment
2008
Three months ended
September 30

Six months ended
September 30

2009
Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30(D)/(B)X100
(D)

Total
(Forecast)

(A)

(B)

Information &Telecommunication Systems

(E)

688.1

1,281.7

565.0

82%

1,036.781%

2,250.087%

Electronic Devices

356.6

641.1

230.4

65%

420.3

66%

890.0

77%

(E)/FY2008X100

Power & Industrial Systems

875.9

1,693.8

778.4

89%

1,435.585%

3,080.093%

Digital Media &Consumer ProductsHigh Functional Material s& Components

359.9

695.5

278.0

77%

519.3

75%

1,060.0

84%

465.4

921.1

306.2

66%

578.8

63%

1,240.080%

Logistics, Services & Others

282.7

574.9

241.8

86%

454.9

79%

910.0

83%

Financial Services

97.5

189.9

142.8

146%

235.0

124%

400.0

97%

Eliminations & Corporate Items(359.5)(687.9)(310.8)―(555.9)―(1,130.0)

―

Total

2,767.0

5,310.5

2,232.081%

4,124.978%

8,700.087%(Billions of yen)

3. Consolidated Operating Income (Loss) by Industry Segment
2008
Three months ended
September 30

Six months ended
September 30

2009

Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30(D)/(B)X100
(D)

(E)

Total
(Forecast)

(A)

(B)

Information &Telecommunication Systems

48.6

72.1

23.8

49%

27.0

37%

102.0

58%

Electronic Devices

18.8

28.5

3.3

17%

(3.8)

―

(4.0)

―

Power & Industrial Systems

37.2

63.5

(5.8)

―

(22.6)

―

28.0

115%

Digital Media &Consumer ProductsHigh Functional Materials& Components(12.7)(26.6)

4.2

―

(9.1)

―

(15.0)

―

32.8

68.9

8.9

27%

6.4

9%

38.0

137%

Logistics, Services & Others

7.7

11.6

0.9

13%

3.5

30%

9.0

39%

Financial Services(E)/FY2008X100

1.0

7.4

1.1

111%

3.5

47%

10.0

98%

Eliminations & Corporate Items(14.3)(28.5)(10.8)―(29.5)―(88.0)

―

Total

119.3

197.0

25.8

22%

(24.7)

―

80.0

63%
(Billions of yen)

4. Consolidated Overseas Revenues by Industry Segment
2008

2009

(A)

(B)

Three months ended
September 30(C)(C)/(A)X100

Information &Telecommunication Systems

240.7

475.3

182.5

76%

348.2

73%

Electronic Devices

139.2

258.2

91.7

66%

168.3

65%

Three months ended
September 30

Six months ended
September 30

Six months ended
September 30(D)/(B)X100(D)

Power & Industrial Systems

354.0

711.1

308.7

87%

581.6

82%

Digital Media &Consumer ProductsHigh Functional Material s& Components

151.2

303.8

126.1

83%

227.5

75%

168.0

330.3

112.6

67%

216.9

66%

Logistics, Services & Others

87.8

195.5

77.8

89%

136.8

70%

Financial Services

13.5

27.8

12.6

93%

24.9

90%

1,154.8

2,302.3

912.3

79%

1,704.5

74%

Total

- more -Total(Forecast)(E)

3,530.0(E)/FY2008X100

85%

-3-

5. Consolidated Capital Investment by Industry Segment (Completion basis, including leasing assets)(Billions of yen)

2008

2009

Three months ended
September 30

Six months ended
September 30

Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30(D)(D)/(B)X100

(A)

(B)

Information &Telecommunication Systems

15.7

32.6

11.3

72%

24.5

75%

Electronic Devices

8.4

17.8

5.7

69%

11.4

64%

Power & Industrial Systems

54.5

91.8

27.8

51%

52.7

57%

Digital Media &Consumer ProductsHigh Functional Materials& Components

13.0

27.1

5.7

44%

10.1

38%

28.0

51.6

12.1

43%

25.2

49%

Logistics, Services & Others

6.9

12.5

4.5

65%

10.9

87%

Financial Services

55.7

194.8

69.7

125%

145.9

75%

Eliminations & Corporate Items(6.5)(15.9)

(3.7)

―

(9.6)

―

Total
(Forecast)(E)(E)/FY2008X100

175.8

412.4

133.4

76%

271.3

66%

560.0

71%

Internal Use Assets

118.7

220.7

62.9

53%

127.3

58%

270.0

64%

Leasing Assets

57.1

191.6

70.4

123%

143.9

75%

290.0

80%

Total

(Billions of yen)

6. Consolidated Depreciation by Industry Segment
2008
Three months ended
September 30

Six months ended
September 30

2009

Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30(D)(D)/(B)X100

(A)

(B)

Information &Telecommunication Systems

21.8

48.1

20.8

95%

43.3

90%

Electronic Devices

6.0

14.3

7.1

118%

14.6

102%

Total
(Forecast)(E)(E)/FY2008X100

Power & Industrial Systems

31.8

61.7

31.1

98%

61.7

100%

Digital Media &Consumer Products
g Functional MaterialsHigh& Components

12.7

25.4

8.0

64%

16.3

64%

18 2
18.2

36 0
36.0

20 2
20.2

111%

38 8
38.8

108%

Logistics, Services & Others

6.4

12.8

6.3

99%

12.5

98%

Financial Services

16.4

36.8

20.1

122%

35.1

95%

Eliminations & Corporate Items

0.7

1.3

0.6

89%

1.1

89%

114.3

236.7

114.5

100%

223.8

95%

430.0

Internal Use Assets

95.6

193.4

89.7

94%

179.2

93%

350.0

89%

Leasing Assets

18.6

43.2

24.8

133%

44.6

103%

80.0

92%

Total

(Billions of yen)

7. Consolidated R&D Expenditure by Industry Segment
2008
Three months ended
September 30

Six months ended
September 30

90%

2009

Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30(D)(D)/(B)X100

Total(Forecast)

(A)

(B)

Information &Telecommunication Systems

41.7

78.1

37.5

90%

71.4

91%

Electronic Devices

11.9

21.8

10.6

89%

19.9

92%

Power & Industrial Systems

31.0

57.5

20.9

68%

43.1

75%

Digital Media &Consumer ProductsHigh Functional Materials& Components

8.3

16.3

6.6

79%

12.7

78%

13.3

26.1

11.2

85%

21.9

84%

Logistics, Services & Others

0.5

1.7

0.6

135%

1.4

82%

Financial Services

0.0

0.2

0.0

34%

0.0

29%

Corporate Items

5.0

8.6

4.3

86%

8.1

95%

112.1

210.6

92.2

82%

178.9

85%

375.0

90%

4.1

4.0

4.1

―

4.3

―

4.3

―

Total
Percentage of revenues (%)- more -(E)(E)/FY2008X100

-4-

8. Information & Telecommunication Systems*3(1)Revenues and Operating Income (Loss)*4
2008
Three months ended
September 30

Revenues
Software & Services
SoftwareServices
Hardware
Storage*5
Servers*6
PCs*7
Telecommunication
OthersOperating income (loss)

(A)

(B)

1,281.7
610.7
79.3
531.4
671.0
397.6
38.1
19.6
75.1
140.6
72.1
46.2
25.9

Software & Services
Hardware
*3
*4
*5
*6
*7

Three months ended
September 30(C)(C)/(A)X100

Six months ended
September 30

688.1
340.7
41.2
299.5
347.4
203.4
17.5
8.4
40.1
78.0
48.6

(Billions of yen)

2009

565.0
291.8
34.6
257.2
273.2
155.7
14.9
6.4
34.4
61.8
23.8

82%
86%
84%
86%
79%
77%
85%
76%
86%
79%
49%

Six months ended
September 30(D)(D)/(B)X100

1,036.7
529.7
69.9
459.8
506.9
290.6
27.0
13.4
66.5
109.4
27.0
38.8
(11.8)

81%
87%
88%
87%
76%
73%
71%
68%
89%
78%
37%
84%
―

Total
(Forecast)(E)(E)/FY2008X100

2,250.0
1,100.087%
86%

1,150.0

87%

102.0
76.0
26.0

58%
66%
42%

The Hard Disk Drive(HDD) operations are conducted by Hitachi Global Storage Technologies (Hitachi GST), which has a December 31 fiscal
year-end, different from Hitachi's March 31 year-end. Hitachi's results for the six months ended September 30, 2009 include the operating
results of Hitachi GST for the six months ended June 30, 2009.
Figures for each product exclude intra-segment transactions.
Figures for Storage include disk array subsystems, hard disk drives, etc.
Figures for Servers include general-purpose computers, UNIX servers, etc.
Figures for PCs include PC servers, client PCs (only commercial use), etc.

(Billions of yen)

(2)Storage Solutions (except Hard Disk Drives)
2008
Three months ended
September 30

Revenues

Six months ended
September 30

(A)

(B)

93.0

178.0

Three months ended
September 30

Six months ended
September 30

2009
Three months ended
September 30(C)(C)/(A)X100

73.0

78%

Six months ended
September 30(D)/(B)X100
(D)

Total
(Forecast)
(E)

142.0

290.0

80%

(E)/FY2008X10085%(3)Hard Disk Drives*8*9
Period recorded forconsolidated accounting
purposes

Operatingincome(loss)

(C)

(D)

Jul. 2008 to
Sep. 2008

Apr. 2009 toJun. 2009

Billions of
yen

150.7

297.6

158.1

108.0

72%

205.6

69%

121.0

77%

Millions of
U.S. dollars

1,430

2,845

1,477

1,109

78%

2,135

75%

1,292

87%

Billions of
yen

5.6

12.4

9.1

(3.1)

－

(8.6)

－

5.5

60%

Millions of
U.S. dollars

53

118

85

(32)

－

(89)

－

59

69%

22,00011,000
9,000
1,600
380
―

43,10021,50018,0002,900
570―

25,80014,800
9,400
1,400
210
―

22,30011,700
8,700
1,200
440
220

102%
106%
97%
78%
116%
―

41,50021,90016,400
2,300
660
220

96%
102%
91%
79%
117%
―

25,00014,300
8,200
1,500
570
450

97%
97%
87%
106%
268%
―

Emerging
External HDD(E)

Three months ended
December 31(B)

2.5-inch
3.5-inch(D)/(A)X100

Six months ended
September 30

Jan. 2008 toJun. 2008

Servers*8*9*10

Three months ended
September 30(A)

Shipments (thousand units)*10
Consumer andCommercial

2009
Three months ended
December 31

Apr. 2008 toJun. 2008

Shipment Period

Revenues

2008(E)/(B)X100(F)(Preliminary)Figures include intra-segment transactions.
Hitachi GST's operating currency is U.S. dollar. Yen figures include yen / dollar conversion fluctuation.
Shipment less than 100,000 units have been rounded, with the exception of Emerging and External HDD, where shipment less than 10,000 units have been rounded.

###(F)/(C)X100

Jul. 2009 to
Sep. 2009

Jan. 2009 toJun. 2009