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Contents
About the Hitachi Group

Hitachi Integrated Report 2019 Editorial Policy
1

Editorial Policy

Value Creation Process

While preparing the 2019 edition of the Report, we concentrated on explaining Hitachi’s vision
moving forward, as well as the competitive advantages, strategies and business foundation we will
utilize to achieve this vision, while also looking back on Hitachi’s progress up until fiscal 2018 anddiscussing the results and challenges of related measures.
We placed a particular emphasis on including easily understandable explanations regarding
Hitachi’s goals of co-creation with customers and society to raise social, environmental andeconomic value, as well as achieve a sustainable society. These objectives are primarily aimed ataccomplishing Hitachi’s vision of becoming a global leader in the Social Innovation Business, one of
the central themes of its 2021 Mid-term Management Plan, which began in fiscal 2019.
When editing this Report, we ensured that it conforms to the International Integrated Reporting
Council’s (IIRC’s) International Integrated Reporting Framework and the Ministry of Economy, Tradeand Industry’s Guidance for Collaborative Value Creation.

Capital Utilization and Value Creation

About Cover Page

Value Creation Story

Hitachi is working to improve the quality of people’s lives by utilizing its many
strengths, including some of the latest digital technology, within a wide rangeof business domains, primarily including social infrastructure, e.g., ITservices, energy-related businesses, industrial systems and railway systems.
The cover of this report portrays several examples of Hitachi businesses that
contribute to people’s lives.

Business of the Hitachi GroupThe Hitachi Group Identity and Social Innovation BusinessGrowth History

The Hitachi Group Value Creation Story

10CEO Message
Independent Director Dialogue

The Hitachi Group’s Growth Strategy

29

History of Management Reforms and Hitachi’s Mid-term Management Plans
Outline of the 2021 Mid-term Management Plan
Capital Allocation Strategy

Boundary of Reporting

Financial and Capital Strategy

Period: 						Companies: 		Boundary of Data:
Social data:
Environmental data:				

Accelerate Innovation
Environmental Vision and the Decarbonization Business
Strengthen Lumada
Story of Value Creation by Sector

A Business Foundation that Supports Sustainable Growth64

Addressing Risks and Opportunities

Accounting Standard:								Promoting Information Security
Occupational Health and Safety, Employee HealthApril 1, 2018 to March 31, 2019(some activities detailed herein occurred after April 2019)
Hitachi, Ltd., and its domestic consolidated subsidiaries
Boundary of data indicated under each indicator
804 companies, namely Hitachi, Ltd.,and 803 consolidated subsidiaries
However, for environmental performance data associated with
Hitachi’s business operations, Hitachi, Ltd., and consolidated
subsidiaries whose environmental load comprises 90% of the total(based on Hitachi calculations) are included.
Unless otherwise noted, this report is prepared in accordance withU.S. GAAP through fiscal 2013 and with the International Financial
Reporting Standards (IFRS) from fiscal 2014.

Value Chain Responsibilities

Inquiries Regarding the Integrated ReportComplianceJAPANHitachi, Ltd.
6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8280
TEL: +81-3-3258-1111 E-mail: ir.info.hq@hitachi.com

Quality Assurance
Climate-Related Information Disclosure
Corporate GovernanceManagement System

Data Section
10-Year Financial Data
Segment Highlights
Operating and Financial Review
Consolidated Statement of Financial Position
Consolidated Statement of Profit or Loss
Consolidated Statement of Comprehensive Income
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
5-Year Non-Financial Data
Hitachi Group Business Operation Framework
Keywords to Understand Hitachi Value Creation
Corporate Data /Stock Information

87

U.S.A.
Hitachi America, Ltd.
50 Prospect Avenue, Tarrytown, NY 10591
TEL: +1-914-333-2994
U.K.
Hitachi Europe Ltd.
Whitebrook Park, Lower Cookham Road, Maidenhead, Berkshire SL6 8YA
TEL: +44-1628-585384
Investor Relations
https://www.hitachi.co.jp/IR/ (Japanese)
https://www.hitachi.com/IR-e/ (English)
Sustainability
https://www.hitachi.co.jp/sustainability/ (Japanese)
https://www.hitachi.com/sustainability/ (English)
Disclaimer Regarding Forward-looking Statements
Certain statements regarding the future of the Company set forth in this Report may constitute“forward-looking statements,” such as “plan,” “forecast,” “target,” and “strategy.” Although forwardlooking statements contained in this report are based upon what the Company has determined to bereasonable assumptions at the time of disclosure, actual performance and other results may differ
materially from those anticipated in such statements. For the major factors regarding thesedifferences, please see “Addressing Risks and Opportunities” on page 65 of this Report.