FOR IMMEDIATE RELEASE

Hitachi Signed a Share Transfer Agreement with OMRON
Hitachi Acquires 100% Ownership of Hitachi-Omron Terminal Solutions
Tokyo, March 30, 2021 – Hitachi, Ltd. (TSE: 6501) today announced that it has signed
a share transfer agreement with OMRON Corporation and obtained all the issued
shares of Hitachi-Omron Terminal Solutions Corp. held by OMRON (OMRON’sholding: 45%) to acquire 100% ownership of Hitachi-Omron Terminal Solutions as ofMarch 31, 2021.
After the dissolution of the joint venture, Hitachi and OMRON will continue amicablebusiness relationship in wider areas of products and services.
Since its founding in October 2004, as a joint venture integrating the ATM and otherinformation equipment businesses of Hitachi and OMRON, Hitachi-Omron TerminalSolutions has been applying both companies’ technical strengths to develop highquality products and provide new services that address customer needs, thereby
contributing to realize safe, secure and comfortable social infrastructure. In the globalmarket, Hitachi-Omron Terminal Solutions is also leading the market in Cash Recycling
ATM*1 leveraging its experience in the Japanese market, and as a managed service
provider for the equipment operations.
Currently, it is rolling out services to support financial institutions, etc. in high-efficiency
cash handing operation and branch transformation and expanding solutions
businesses in new areas such as robotics business by utilizing mechatronics*2 andother technologies and knowhow cultivated over many years.
Financial services, both in Japan and overseas, have recently seen an accelerated
transition from real channels to digital channels and cashless payments, however cash,
checks and various forms are still circulating so that financial institutions are also facing
the challenges to enhance service sophistication in these cash transactions andstreamline business operations.
Through the conversion of Hitachi-Omron Terminal Solutions into a wholly owned
subsidiary, supported by Hitachi-Omron Terminal Solutions’ technical and innovation
capabilities, Hitachi will provide robust support to financial institutions promoting
initiatives such as branch transformation and digital transformation (DX) for therealization of new customer touchpoints including non-face-to-face, contactlesstransactions and/or self-services, which has been accelerating in the new normal era- more -- 2 -

with the spread of the COVID-19 infections.
Moreover, service models that integrate the online and the real are expanding not only
among financial institutions but also in other industries in Japan and overseas, andHitachi will promote the approaches and knowhow provided to financial institutions toother industries’ customers.
Hitachi and Hitachi-Omron Terminal Solutions have been promoting the innovation ofservices in the real channel such as Cash Recycling ATM and has also beenstrengthening the shift to digital businesses, as a growth area.
We will continue to provide services that contribute to business efficiency andautomation and also provide a wide range of data-centric solutions leveraging
Lumada’s*3 digital technology and expertise, on which the Hitachi Group is focused, inJapan, India, ASEAN, and other regions.
*1 Cash Recycling ATM: ATM which enables deposited cash to be dispensed in future transactions.
*2 Mechatronics: Technology combining mechanical engineering and electronics, which means controllingmachines with electronic circuits. It is expected to become even more critical while robots and AI/IoT technologies
showing significant growth.
*3 Lumada: Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive
digital innovation.

Outline of Hitachi-Omron Terminal Solutions (As of March 30, 2021)
Company Name

Hitachi-Omron Terminal Solutions, Corp.

Head Quarter[Tokyo Headquarters]
1-6-3 Osaki Shinagawa-ku, Tokyo, Japan

Representative

Tetsuya Yagi, Representative Director, President

Established

October 1, 2004

Capital

55% Hitachi, 45% OMRON

Businesses

Planning, development, design, manufacturing, sales and service of ATM andother information equipment as well as mechatronics equipment

Countries

Japan, China, Korea, Thailand, Indonesia, Philippines, India, Sri Lanka

Employees

2,400 (Consolidated)

URL

https://www.hitachi-omron-ts.com/* The name of the new company after the dissolution of the joint venture has yet to be determined.

About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social
Innovation Business that combines information technology (IT), operational technology(OT) and products. The company’s consolidated revenues for fiscal year 2019 (ended- more -- 3 -March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employedapproximately 301,000 people worldwide. Hitachi drives digital innovation across fivesectors – Mobility, Smart Life, Industry, Energy and IT – through Lumada, Hitachi's
advanced digital solutions, services, and technologies for turning data into insights todrive digital innovation. Its purpose is to deliver solutions that increase social,environmental and economic value for its customers. For more information on Hitachi,please visit the company's website at https://www.hitachi.com.
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