Hitachi Integrated Report 2022

Editorial Policy

Introduction

Whatʼs Hitachi

Value Creation

Business Strategies

Sustainability

Corporate Governance

Data3

Message to Stakeholders

Message to Stakeholders── On the Release of the Integrated ReportCreating Value through Dialogue andCo-Creation with Stakeholders,With Our Employees as the Driving Force
Since its founding in 1910, Hitachi has continued to grow anddevelop with society, the economy, and customers. For morethan 110 years, Hitachi has faced countless difficulties. However,
we have continued to transform ourselves to create value
through co-creation with a diverse range of stakeholders.
In this Hitachi Integrated Report, we will showcase our sustained
efforts, explain our vision and showcase the value Hitachi
provides to society. We hope this report gives our stakeholders
a better understanding of Hitachi’s vision and creates value byencouraging further dialogue.
In the Mid-term Management Plan 2024, announced in April
2022, we declared a mode change for growth focused on
supporting people’s quality of life with data and technology thatsolves social challenges, fostering a fully sustainable society. We
are committed to further promoting Hitachi’s Social Innovation
Business. With planning, Hitachi can determine new business
opportunities that should be undertaken now and in the mid tolong term to create a better, sustainable future. On a global scale,the environment is reaching the limit of its ability to accommodate

safe living for humans (planetary boundaries). Recent changes toworkstyles and the diversification of personal values have madewellbeing (physical, mental, and social) a vital part of how wechoose to live and work. Helping to maintain a society that doesnot exceed planetary boundaries while realizing wellbeing is
the path forward for Hitachi. Hitachi also practices sustainable
management which positions sustainability as the core of its
business strategy and implements measures to strengthen
the management foundation to facilitate global growth. Morethan 300,000 members of the Hitachi Group will combine theirstrengths to achieve a sustainable society and deliver value tocustomers and other respected stakeholders.
This report will describe Hitachi’s future vision, management, andbusiness strategies under the Mid-term Management Plan 2024.
In addition, the report highlights the measures Hitachi is following
to achieve a sustainable society. We have also clarified six criticalissues in sustainable management in light of global initiatives
and the expectations and needs of stakeholders. These issues
along with the business strategies described in the Mid-termManagement Plan, will be further discussed at meetings of theSenior Executive Committee and Board of Directors.
We understand the external environment has become
increasingly complex and diverse. The pandemic has madethe future difficult to predict, while climate change continues
to cause a surge in natural disasters, and social divisions areleading to more political instability. However, we sincerely hope
this report will help you appreciate the progress Hitachi has
made and value the company’s strategic, long-term growth.
As CEO, I can attest to the accuracy of the information describedin this report and guarantee that it has been reviewed andapproved among the directors and executive officers. As you
read this report, please share your honest feedback with theHitachi management team. I hope that the Hitachi Integrated
Report 2022 will help promote a deeper understanding of
Hitachi’s value creation story and serve as an incentive for future
dialogue and creating value with all stakeholders.

President & CEOKeiji Kojima