2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知

Unconsolidated Financial Statements
Unconsolidated Balance Sheet
Fiscal 2022 (Reference)
Fiscal 2023
(As of March 31, 2023)(As of March 31, 2024)(Millions of yen)
(Assets)
Current assets

1,020,191

1,687,949

Cash32,91625,403

Trade receivables and contract assets

591,333

667,498

Finished goods

15,493

13,179Semi-finished goods

14,954

13,518Raw materials

32,34430,314Work in process

62,80566,762

Advances paid

26,26632,201

Short-term loan receivables

75,124572,849

Others177,759

279,809(8,807)(13,587)

4,920,307

4,407,538

192,605

187,066

Buildings

95,95091,956Structures

5,358

5,380

Machinery

6,744

7,299

Vehicles123

141

Tools and equipment

41,546

46,409Land

23,43020,894

Lease assets

14,982

12,943

Construction in progress

4,467

2,041

96,93897,748

Allowance for doubtful receivables
Fixed assets
Tangible fixed assets

Intangible fixed assets
Patents

41

31

Software91,57992,730

Right of using facilities

207

140

Lease assets

54

78

Others

5,055

4,767

4,630,763

4,122,722

Affiliated companies’ common stock

3,849,069

3,837,689

Other securities of affiliated companies

18,592

26,848Investments and others

Investments in affiliated companies

33,12632,253

Investments in securities

244,72276,666Long-term loan receivables

362,011

34

-

6,361

Deferred tax assets

58,624103,253

Others64,75340,322

Prepaid pension costs

Allowance for doubtful receivables
Total assets

63

4. Unconsolidated Balance Sheets

(137)

(706)

5,940,498

6,095,488

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知

Fiscal 2022 (Reference)
Fiscal 2023
(As of March 31, 2023)(As of March 31, 2024)(Millions of yen)
(Liabilities)
Current liabilities

1,474,485

1,450,411

Electronically recorded obligations

10,613

12,462

Trade accounts payable

262,665

276,563

Short-term debt

132,730

69,016

Current portion of debentures

30,000-Current portion of long-term debt

11,000107,501

Lease liabilities

4,261

4,437

Other accounts payable

22,393

71,624

Accrued expenses

181,803

181,294

Contract liabilities

104,486

118,774

Deposits received

674,680

574,026

Provision for product warranties
Provision for loss on construction contracts
Others69

79

37,27233,318

2,507

1,313

Non-current liabilities

1,129,374

1,030,880

Debentures

130,000

220,000

Long-term debt

750,378

547,484

Lease liabilities

12,718

9,973

Accrued pension liability

75,212

66,959Provision for loss on business of affiliated companies

139,422

165,953

Asset retirement obligations

10,88910,469Others

10,754

10,041

Total liabilities

2,603,860

2,481,292

3,216,044

3,553,986

Common stock462,817463,417

Capital surplus

254,133

181,383

Capital reserve

180,783

181,383

Others73,349-2,502,632

2,914,176

2,502,632

2,914,176(Net assets)
Stockholders’ equity

Retained Earnings
OthersReserve for advanced depreciation of fixed assets
Retained earnings carried forward
Treasury stock

927

835

2,501,705

2,913,340(3,539)(4,991)

Valuation and translation adjustments

119,359

59,059Unrealized holding gains on securities

103,379

28,537

Deferred profit or loss on hedges

15,98030,521

Subscription rights to shares

1,233

1,149

Total net assets

3,336,637

3,614,195

Total liabilities and net assets

5,940,498

6,095,488

64

4. Unconsolidated Balance Sheets2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知

Unconsolidated Statement of Operations
Years ended March 312023 (Reference)

2024(Millions of yen)
Revenues

1,631,338

1,756,937

Cost of sales

1,173,314

1,218,045

Gross profit on sales

458,023

538,892

Selling, general and administrative expenses

369,999

391,179

Operating income

88,023

147,712

Other income

312,820

324,571

Interest income and dividends

292,812295,671

Others

20,00828,89946,12571,282

Interest expenses

14,185

21,499Others31,93949,782

Ordinary income

354,719

401,001

Extraordinary gain

Other expenses

701,451

278,191

Gain on sale of investments in securities

12,640

153,330

Gain on sale of affiliated companies’ common stock

687,447

110,135

1,363

14,726

Gain on sale of real property
Extraordinary loss

23,69047,105

Impairment loss on affiliated companies’ common stock

9,556

37,229Loss on impairment of assets

12,091

9,001

1,908

873

Impairment loss on investments in capital of affiliatedcompanies
Impairment loss on investments in securities
Income before income taxes

134-

1,032,480

632,088

76,45581,541

Income taxes
Current
Deferred(31,922)(31,023)Net Income

987,946

581,570

65

5. Unconsolidated Statements of Operations

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知

Unconsolidated Statement of Changes in Net Assets (April 1, 2023 to March 31, 2024)(Millions of yen)
Stockholders’ equity
Capital surplus

Retained earnings
OthersCommonstock

Balance at beginning of year

Capitalreserve

462,817

180,783

600

600

Reserve for
Total capital advanced
surplusdepreciationof
fixed assets

Others73,349254,133

927

Retainedearnings
carriedforward

Total retained
earnings

2,501,705

2,502,632

Treasurystock(3,539)Total
stockholders’equity3,216,044

Change during year
Issuance of new shares

600

Reversal of reserve foradvanced depreciation of
fixed assets

1,200
(91)

91

-

-

Distribution of surplus(144,461)(144,461)(144,461)

Net income

581,570

581,570

581,570

Acquisition of treasury
stock(100,458)(100,458)

Disposition of treasury
stock

(120)

(120)

213

92

Cancellation of treasurystock(98,793)(98,793)

98,793-

Transfer to capital surplus
from retained earnings

25,56425,564(25,564)(25,564)-(Net) Change in items
other than stockholders’equity during year
Total change during year
Balance at end of year

600

600

(73,349)(72,749)(91)

411,634

411,543(1,452)337,942

463,417

181,383-

181,383835

2,913,340

2,914,176(4,991)

3,553,986

Valuation and translation adjustments

Balance at beginning of year

Unrealized
holding gains
on securities

Deferred
profitor loss onhedges103,379

15,980

Total
Subscription
valuationrights toandsharestranslation
adjustments
119,359

1,233

Total net
assets3,336,637

Change during year
Issuance of new shares

1,200

Reversal of reserve foradvanced depreciation of
fixed assets-

Distribution of surplus(144,461)

Net income

581,570

Acquisition of treasury
stock
Disposition of treasury
stock
Cancellation of treasury
stock
Transfer to capital surplus
from retained earnings(100,458)92-(Net) Change in items
other than stockholders’equity during year

(74,841)

14,540(60,300)

Total change during year

(74,841)

14,540(60,300)(83)

277,557

Balance at end of year

28,53730,52159,0591,149

3,614,195

(83)

66

6. Unconsolidated Statement of Changes in Net Assets(60,384)2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知

Notes to Unconsolidated Financial Statements(Notes on Important Accounting Policy)
1. Inventories
Finished goods, semi-finished goods and work in process: Stated at cost. Cost is determined by the specificidentification method or the moving average method. (The figures shown in the Balance Sheet have been
calculated in accordance with the write-down approach based on decline in profitability.)
Raw materials: Stated at cost. Cost is determined by the moving average method. (The figures shown in the
Balance Sheet have been calculated in accordance with the write-down approach based on decline inprofitability.)
2. Securities
Affiliated companies’ common stock and investments in affiliated companies are stated at cost. Cost isdetermined by the moving average method.
Other securities except stock and investments without market value are stated at fair value. The difference
between acquisition cost and carrying cost of other securities except stock and investments without market value
is recognized in “Unrealized holding gains on securities.”
The cost of other securities except stock and investments without market value is computed based on themoving average method.
Other stock and investments without market value are stated at cost determined by the moving average method.
3. Derivatives
Derivatives are stated at fair value.
4. Depreciation of tangible fixed assets (excluding lease assets)
Straight-line method.
5. Amortization of intangible fixed assets (excluding lease assets)
Selling, leasing, or otherwise marketing software: Amortized based on expected gross revenues ratably.
Other intangible fixed assets: Straight-line method.
6. Depreciation of lease assets
Financial leases other than those that are deemed to transfer the ownership of the leased property to the lessee:
Depreciation is calculated by the straight-line method with no residual value, using the lease term as useful life.
7. Allowances and Provisions
Allowance for doubtful receivables:
Estimated uncollectible amounts are accounted for based on loan loss ratios in the case of general
receivables and based on case-by-case examination of collectability in the case of specific receivables
including doubtful receivables.
Provision for product warranties:
In order to prepare for expenditures related to after-sales product services, estimated in-warranty service
costs are accounted for based on past records.
Provision for loss on construction contracts:
In order to provide for losses relating to construction contracts and made-to-order software, an estimated loss
for subsequent fiscal years is accounted for.
Accrued pension liability:
In order to provide for employees’ retirement and severance benefits, the Company accounted for Accrued
pension liability or Prepaid pension costs based on projected benefit obligation and expected plan assets asof the end of this fiscal year.
The projected benefit obligation is determined by attributing the expected retirement and severance benefits
to each year by the benefit formula basis.
Prior service cost is amortized by the straight-line method over the estimated average remaining service
years of employees.
Unrecognized actuarial gain or loss is amortized by the straight-line method mainly over the estimatedaverage remaining service years of employees from the next fiscal year.
Provision for loss on business of affiliated companies:
In order to provide for losses relating to the business of affiliated companies, the amount the Company is
expected to bear in excess of the amounts invested in and loaned to for such companies is accounted for.

67

7. Notes to Unconsolidated Financial Statements(Notes on Important Accounting
Policy)1. Inventories、(Notes on Important Accounting Policy)2. Securities、(Notes on Important Accounting Policy)3. Derivatives、(Notes on
Important Accounting Policy)4. Depreciation of tangible fixed assets (excluding lease assets)、(Notes on Important Accounting Policy)5.
Depreciation of intangible fixed assets (excluding lease assets)、(Notes on Important Accounting Policy)6. Depreciation of lease assets、(Notes on Important Accounting Policy)7. Allowances and Provisions Allowance for doubtful receivables:、(Notes on Important Accounting
Policy)7. Allowances and Provisions Provision for product warranties:、(Notes on Important Accounting Policy)7. Allowances and Provisions
Provision Provision for loss on construction contracts:、(Notes on Important Accounting Policy)7. Allowances and Provisions Provision

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知8.

Accounting standard for income and expenses
The Company recognizes revenue in accordance with the following five-step approach.
Step 1: Identify the contract(s) with a customer
Step 2: Identify the performance obligations in the contract
Step 3: Determine the transaction price
Step 4: Allocate the transaction price to the performance obligations in the contract
Step 5: Recognize revenue when (or as) the Company satisfies a performance obligation

The Company sells goods and services such as system integration, cloud services, control systems, software, IT
products, industry & distribution systems, energy solutions, and railway systems. Long-term projects provide
goods and services and control over the goods is transferred to customers over a specified period of time. Thus,
revenue is recognized over the specified period of time. Further to other goods and services, revenue isrecognized when control over the goods is transferred to customers as performance obligations are satisfied atdelivery of the goods.
In addition, multiple solutions are offered to meet its customers’ needs which may involve the delivery or
performance of multiple elements, such as goods or services. When the Company enters into multiple contracts
for providing the goods or services, related contracts are combined based on interdependencies between eachcontract’s consideration and the time the Company entered into such contracts, and the transaction price isallocated to each performance obligation on the basis of the relative stand-alone selling prices of each distinct
goods or services for the purpose of recognizing revenue.
In estimating the stand-alone selling price, the Company considers various factors such as market conditions,entity-specific factors and information about the customer or situation of customer.
The transaction price is the amount of consideration to which the Company expects to be entitled in exchange fortransferring promised goods or services to a customer. Variable consideration such as discounts is included in
the transaction price only to the extent that it is highly probable that a significant reversal in the amount of
cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration issubsequently resolved. The promised amount of consideration does not include a significant financing
component.
For a performance obligation satisfied over time, the Company measures its progress towards complete
satisfaction of that performance obligation based on the costs incurred or the period of services being provided inconsideration of the nature of the goods and services for the purpose of recognizing revenue. When the
Company cannot reasonably measure the progress, revenue is recognized only to the extent of the costs
incurred.
Revenue recognition under long-term projects requires significant assumptions about the estimated total cost,estimated total selling price, risk associated with the contract, and other factors. These estimates are subject tovariance of uncertain economic conditions in the future and may vary due to a variety of reasons beyond ourcontrol. The Company reviews these estimates on an ongoing basis and reflects them in accounting practices.
9. Hedge accounting
Deferral hedge accounting is employed.
10. Accounting for income taxes and related tax effect accounting
The Company adopts the group tax sharing system. In addition, in accordance with the "Practical Solution on the
Accounting and Disclosure Under the Group Tax Sharing System" (ASBJ PITF No.42, August 12, 2021), theCompany performs the accounting for income taxes, and accounting and disclosure of related tax effectaccounting.

(Change in Presentation)
Unconsolidated Balance Sheet“Current portion of long-term debt” is separately disclosed from “Short-term debt” of “Current liabilities” due to theincrease of the materiality in this fiscal year.

68(Notes on Important Accounting Policy)8. Accounting standard for income and expenses、(Notes on Important Accounting Policy)9. Hedge
accounting、(Notes on Important Accounting Policy)10. Application of tax effect accounting for the transition from the consolidated taxation
system to the group tax sharing system、(Notes on Change in Presentation)

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知(Notes on Accounting Estimates)
1. Valuation of Affiliated companies’ common stock and Investments in affiliated companies(1) Amounts recorded in the financial statements of this fiscal year
The ending balance of Affiliated companies’ common stock and Investments in affiliated companies, withoutmarket value: 3,839,056 million yen(2) Information that contributes to understanding of accounting estimates
Affiliated companies’ common stock without market value is evaluated by considering possibility of recovery
based on the performance according to the business plan of those companies if the real value of the stock
has declined significantly as compared to the purchase price. A part of affiliated companies’ common stock isevaluated based on the real value which includes the excess earning power calculated by enterprise value
measurement at the time of the acquisition of the Company concerned. Necessity of impairing the excess
earning power is determined by the possibility of achieving the future business plan.
Business plans are estimated based on revenue growth rate and gross margin ratio, and other factors. In
addition, although a certain amount of negative impact due to the business environment is included in current
business plans, these plans may be affected by risks related to market or economic environment, and actual
result may differ from the estimates.
Significant changes in primary assumptions of the business plan could result in the real value being less thanthe purchase price.
2. Loss on impairment of Fixed Assets(1) Amounts recorded in the financial statements of this fiscal year
The ending balance of Tangible fixed assets: 187,066 million yen
The ending balance of Intangible fixed assets (excluding selling, leasing, or otherwise marketing software):80,682 million yen(2) Information that contributes to understanding of accounting estimates
This note is omitted as the same content is stated in ‘6. Property, plant and equipment, Goodwill and Other
intangible assets’ under ‘Notes on Important Matters for Basis of Presentation of Consolidated Financial
Statements’ in the Notes to Consolidated Financial Statements.
3. Provision for loss on business of affiliated companies(1) Amounts recorded in the financial statements of this fiscal year
The ending balance of Provision for loss on business of affiliated companies: 165,953 million yen(2) Information that contributes to understanding of accounting estimates
This note is omitted as the same content is stated in ‘7. Allowances and Provisions’ under ‘Notes on
Important Accounting Policy’ in the Notes to Unconsolidated Financial Statements.
4. Accrued pension liability(1) Amounts recorded in the financial statements of this fiscal year
The ending balance of Prepaid pension costs: 6,361 million yen
The ending balance of Accrued pension liability: 66,959 million yen(2) Information that contributes to understanding of accounting estimates
This note is omitted as the same content is stated in ‘7. Allowances and Provisions’ under ‘Notes on
Important Accounting Policy’ in the Notes to Unconsolidated Financial Statements and ‘3. Employee
Retirement Benefits’ under ‘Notes on Accounting Estimates’ in the Notes to Consolidated Financial
Statements.
5. Provision for loss on construction contracts(1) Amounts recorded in the financial statements of this fiscal year
The ending balance of Provision for loss on construction contracts: 33,318 million yen(2) Information that contributes to understanding of accounting estimates
This note is omitted as the same content is stated in ‘7. Allowances and Provisions’ under ‘Notes on
Important Accounting Policy’ in the Notes to Unconsolidated Financial Statements and ‘4. Long-term
projects’ under ‘Notes on Accounting Estimates’ in the Notes to Consolidated Financial Statements.
6. Deferred tax assets(1) Amounts recorded in the financial statements of this fiscal year
The ending balance of Deferred tax assets:103,253 million yen(2) Information that contributes to understanding of accounting estimates
This note is omitted as the same content is stated in ‘5. Deferred tax assets’ under ‘Notes on Accounting
Estimates’ in the Notes to Consolidated Financial Statements.

69(Notes on Accounting Estimate)2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知(Notes to Unconsolidated Balance Sheet)
1. Collateralized assets(Millions of yen)

2.

3.

Type of asset
Year-end book value
Description
Affiliated companies’ common
46
Collaterals for borrowings by affiliated companies
stock
Investments in securities
6
Collaterals for borrowings by investees
Long-term loan receivables
32
Collaterals for borrowings by affiliated companies
Total
84
Accumulated depreciation of tangible fixed assets
Buildings
137,588 million yen
Structures
23,876 million yen
Machinery
81,765 million yen
Vehicles
918 million yen
Tools and equipment
144,355 million yen
Lease assets
10,159 million yen
Guarantees
The Company guarantees financial guarantees from financial institutions concerning subsidiaries' order received,
etc. as follows.
(Millions of yen)
Guarantee

4.

Year-end balance
Hitachi Energy Ltd
840,694
Hitachi Rail STS S.p.A.
322,443
Hitachi Rail Ltd.
60,422
Hitachi Energy Canada Inc.
4,720
Kawasaki Railcar Manufacturing Co., Ltd.
1,600
Others
3,788
Total
1,233,669
In addition to the foregoing, the Company has entered into an agreement with each of the following overseas
affiliated companies on maintaining their finances in a sound condition, etc., mainly to enhance their credit inorder to support their financing activities:
Hitachi America Capital, Ltd., Hitachi International (Holland) B.V., Hitachi International Treasury Ltd.,
Hitachi (China) Finance Co., Ltd. and Hitachi Power Europe GmbH
Short-term receivables from affiliated companies
944,065 million yen
Long-term receivables from affiliated companies
9,484 million yen
Short-term payables to affiliated companies
826,405 million yen
Long-term payables to affiliated companies
4,935 million yen

70(Notes to Unconsolidated Balance Sheet)1. Collateralized assets、(Notes to Unconsolidated Balance Sheet)2. Accumulated depreciation of
tangible fixed assets、(Notes to Unconsolidated Balance Sheet)3 Guarantees、(Notes to Unconsolidated Balance Sheet)4. Receivables fromaffiliated companies

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知(Notes to Unconsolidated Statement of Operations)
1. Loss on impairment of assets(1) Summary of the major assets or asset groups for which impairment loss was recognizedClassification
Description
Category
Location
Software relating toAssets to be held
Softwarestorage infrastructure
and usedmanagement services
Software relating toAssets to be held
Softwareservice business forand usedfinancial institutions
Software relating toAssets to be held
Software, etc.
service business forand used
medical institutions(2) Reason to recognize impairment loss
The Company recognized the impairment loss for assets to be held and used since amounts invested in theabove assets are expected to be irrecoverable due to decline in their profitability.
(3) Amounts of impairment loss
Buildings
59 million yen
Structures
5 million yen
Machinery
1,068 million yen
Vehicles1 million yen
Tools and equipment
384 million yen
Software6.971 million yen
Others
510 million yen
Total
9,001 million yen(4) Method of grouping assets
Although the grouping of assets is principally based on business divisions or places of business, some assets
and asset groups are grouped as a separate unit that generates cash flows independently of other asset
groups.
(5) Calculation of recoverable amounts
For assets to be held and used, calculation is based on the higher of net sales price and value in use, andnet sales price is calculated by deducting the estimated cost of disposal from real estate appraisal value.
2. Revenues from affiliated companies
400,758 million yen
Purchases from affiliated companies
787,547 million yen
Non-operating transactions with affiliated companies
157,024 million yen

71(Notes to Unconsolidated Statement of Operations)1. Loss on impairment of assets、(Notes to Unconsolidated Statement of Operations)2. Sales
to affiliated companies

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知(Note to Unconsolidated Statement of Changes in Net Assets)
Matters related to Class and Number of Treasury Stock(Shares)Class

Number of shares
Increase during year Decrease during year
11,139,272
11,103,929

At beginning of year
At end of year
Common stock
510,830
546,173
Summary of Reason for Change
The increase during this fiscal year by 11,139,272 shares is due to the repurchase of 11,073,400 shares of its own
common stock pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 32 of Hitachi's
Articles of Incorporation, which was approved at the Board of Directors meeting held on April 27, 2023, and thepurchase of 46,472 shares from less-than-one unit shareholders at their request, and the acquisition of 19,400
shares without consideration in accordance with the restricted stock compensation plan. The decrease during thisfiscal year by 11,103,929 shares is due to the cancellation of 11,073,400 shares of its treasury shares pursuant to
Article 178 of the Companies Act of Japan, and the disposition of 29,720 shares as a result of the exercise of stockacquisition rights, and the sale of 809 shares to less-than-one unit shareholders at their request.

(Note on Revenue Recognition)
Information about the basis to understand revenue is omitted as the same content is stated in ‘8. Accounting
standard for income and expenses’ under ‘Notes on Important Accounting Policy’ in the Notes on
Unconsolidated Financial Statements and ‘3. Accounting standard for income and expenses’ under ‘Notes on
Important Matters for Basis of Presentation of Consolidated Financial Statements’ in the Notes to Consolidated
Financial Statements.
Information about disaggregation of revenue and to understand the amount of revenue in the current and thefollowing fiscal years are omitted as the same content is stated in ‘Note on Revenue Recognition’ in the Notes
to Consolidated Financial Statements. Of the revenue recognized during the fiscal year ended on March 31,
2024, the amount of revenue recognized based on the pattern of the cost accrual arising from long-term project
was 444,089 million yen.
(Note on Accounting for Deferred Taxes)
The major causes of deferred tax assets are accrued pension liability and accrued bonuses to employees.

72(Note to Unconsolidated Statement of Changes in Net Assets)、(Note on Revenue Recognition)、(Note on Accounting for Deferred Taxes)

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知(Note on Transactions with Related Parties)(Millions of yen)
Name of company
etc.

Relationship with the
Description ofTransaction
Year-end
Attribute
Classification
related parties
transaction
amountbalance
Sale of the Group's
Underwriting of
Subsidiary Hitachi America, Ltd. Direct: 100.0%
75,685products *capital increase
Hitachi Energy
Short-term loan
Subsidiary
Indirect: 100.0% Loan
Loan (Note 1)
42,912
363,384
Finance Ltd
receivables
Hitachi America
Loan
Short-term loan
Subsidiary
Indirect: 100.0% *
192,290
192,290
Capital, Ltd.
(Note 1) (Note 2)
receivables
Hitachi International
Deposits paid
Other current
Subsidiary
Direct: 100.0% *95,61095,610(Holland) B.V.
(Note 1) (Note 2)
assetsSale of the Group's
Borrowing
Short-term
Subsidiary Hitachi (China), Ltd. Direct: 100.0%
67,697
67,697products *(Note 1) (Note 2)
debt
Deposits received
Hitachi High-TechSale of the
Deposits
Subsidiary
Direct: 100.0%
3,196
115,492(Note 1) (Note 2)
Corporation
Company's products *received(Note 3)
Manufacturing, sale
Deposits received
Hitachi Global Life
Deposits
Subsidiary
Direct: 100.0% and maintenance of(627)
70,573(Note 1) (Note 2)
Solutions, Inc.
received
the Group's products * (Note 3)
Outsourcing of theCompany's softwaredevelopment,
Deposits received
Deposits
outsourcing of
Subsidiary Hitachi Systems, Ltd. Direct: 100.0%(12,560)
62,116(Note 1) (Note 2)
received
maintenance of the(Note 3)Company's
telecommunications
equipment *Subsidiary Hitachi Energy Ltd

Subsidiary

Affiliate

Hitachi Rail STS
S.p.A.

Hitachi Astemo, Ltd.

% of voting
rights held

Direct: 100.0% *Indirect: 100.0%

Direct:Manufacturing, sale,engineering andmaintenance of theGroup's products *Purchase of Hitachi
40.0% Astemo, Ltd.'s
products *Guarantees

840,694--

Guarantees

322,443--

Transfer of sharesof Hitachi Astemo,Ltd. (Note 4)
Transfer priceProfits--

112,090
77,080* The Company’s Directors, Executive Officers or employees concurrently hold position of directors or officers at thesubsidiary and the affiliate.
Notes: 1. The interest rate was determined with due consideration to market interest rates. The transaction amountindicates the change from the balance at the beginning of the fiscal year.
2. These are transactions made based on the pooling system wherein the funds of the Company and affiliatedcompanies to be loaned to affiliated companies who have financing needs through the Company or overseas
financial subsidiaries.
3. The transaction amount includes interest received and paid.
4. The Company transferred a part of shares of Hitachi Astemo, Ltd. to Hitachi Astemo, Ltd. in association withthe acquisition of treasury stocks by itself. The transfer price was determined with due consideration to thevaluation amount presented by an independent third party.
(Note on Per Share Information)
Net assets per share
3,899.16 yen
Net income per share
625.36 yen

73(Note on Transactions with Related Parties)、(Note on Per Share Information)

2024/05/20 19:12:52 / 23092450_株式会社日立製作所_招集通知(Notes on Major Subsequent Events)
1. Repurchase of Shares of Common Stock
The Board of Directors decided to repurchase shares of its own common stock pursuant to Article 459,
Paragraph 1 of the Companies Act of Japan and Article 32 of the Company’s Articles of Incorporation, as
follows.
(a) Reason for repurchase
The Company views the return of profits to shareholders through enhancing corporate value from mid- andlong-term perspective and paying dividends continuously as an important managerial issue. The Company
decided to repurchase its own shares this time, taking into consideration its financial condition and theprogress of the asset sales.
(b) Outline of the Repurchase(i) Class of shares to be repurchased
Common stock of the Company(ii) Aggregate number of shares to be repurchased
Up to 21 million shares(*)(2.27% of the number of outstanding shares (excluding treasury stocks))(*)Aggregate number of shares to be repurchased will be 105 million shares after the effective date (July
1, 2024) of the Share Split that described below 2.
(iii) Aggregate amount of repurchase
Up to 200.0 billion yen(iv) Period of the repurchase
From April 30, 2024 to March 31, 2025(v) Method of repurchase
Expected open market purchase through the Tokyo Stock Exchange
2. Share Split and Partial Amendment of Articles of Incorporation
The Company decided on April 26, 2024 to implement a share split and partially amend its Articles ofIncorporation.
(a) Purpose of share split
The Company will conduct a share split in order to create a more investor-friendly environment and expand
its investor base by reducing the amount per investment unit of the Company’s shares.
(b) Overview of share split(i) Method of share split
The Company will conduct a share split into 5 shares for every one common share held by shareholders
recorded in the latest register of shareholders as of June 30, 2024.
(ii) Number of shares to be increased by share split(*)
927,167,877 shares
Total number of issued shares before the share split
Number of shares to be increased by this share split
3,708,671,508 shares
Total number of issued shares after the share split
4,635,839,385 shares
Total number of shares authorized to be issued after the share split
10,000,000,000 shares(*) The number of shares shown above is calculated based on the total number of shares outstanding asof March 31, 2024, and may change by the record date of the share split.
(c) Schedule
Date of public notice of the record date June 14, 2024 (scheduled)
Record dateJune 30, 2024 (scheduled)
Effective dateJuly 1, 2024 (scheduled)(d) Amendment of the total shares authorized to be issued by the Company
The total number of shares authorized to be issued by the Company will be amended to 10,000,000,000
shares as of July 1, 2024.
(e) Impact on per share information
Per share information assuming that the share split was performed at the beginning of this fiscal year is asfollows.
Net assets per share
779.83 yen
Net income per share
125.07 yen(f) Others
There will be no change in the amount of stated capital as a result of the share split.
As the share split will take effect on July 1, 2024, the year-end dividend for the fiscal year ending March 31,
2024, which has a dividend record date of March 31, 2024, will be paid based on the shares before theshare split.

74(Note on Major Subsequent Events)