/s/ Takashi Hatchoji

2. Location

Present Articles of Incorporation

Proposed Amendment

Article 3. (Provision of company which adopts the Committee System)

The Company shall subject itself to the special exceptions as provided for in Chapter II, Section 4 of the Law for Special Exceptions to the Commercial Code Concerning Audit, etc. of Kabushiki-Kaisha (the “Special Exceptions Law”) of Japan.

Article 3. (Company adopting Committee Systems)

The Company shall have the Board of Directors, Committees, Accounting Auditors and Executive Officers.

Article 5. (Method of giving public notices)

The public notices of the Company shall be given by electronic public notices; provided, however, if the Company cannot give public notices by electronic public notices because of accidents or any other inevitable cause, the public notices shall be given by publication in the Nihon Keizai Shimbun.

Article 5. (Method of public notices)

The method of public notices of the Company shall be given by electronic public notices; provided, however, that if the Company is prevented from giving such public notices in the form of electronic media due to accidents or other causes beyond its control, public notices of the Company shall be given by publication in the Nihon Keizai Shimbun.

Article 6. (Total number of shares authorized to be issued)

The total number of shares authorized to be issued by the Company shall be 10,000,000,000 shares; provided, however, that in the event that any shares are canceled, the number of such shares so canceled shall be subtracted from the total number of shares so authorized.

Article 6. (Total shares authorized to be issued)

The total shares authorized to be issued by the Company shall be 10,000,000,000 shares.

Article 7. (Issue of share certificates)

The Company shall issue share certificates for its shares.

Article 7. (Repurchase of its own shares)

The Company may repurchase its own shares by resolution of the Board of Directors pursuant to Article 211-3, paragraph 1, item 2 of the Commercial Code of Japan.

Article 8. (Number of shares to constitute one unit, etc.)

The number of shares to constitute one unit of shares of the Company shall be 1,000 shares.

The Company shall not issue share certificates evidencing less-than-one-unit shares.

Article 8. (Number of shares per one unit, etc.)

The number of shares per one unit of shares of the Company shall be 1,000 shares.

The Company shall not issue a share certificate for less-than-one-unit shares.

Present Articles of Incorporation

Proposed Amendment

Any shareholder (including beneficiary; the same applies hereinafter) who holds less-than-one-unit shares of the Company shall be entitled to request the Company to sell the number of shares that will, together with such less-than-one-unit shares, constitute a full unit of shares.

Article 9. (Rights regarding less-than-one-unit shares)

Any shareholder (including beneficiary; the same applies hereafter), who holds less-than-one-unit shares of the Company, shall have no right to exercise other than those stipulated below regarding such less-than-one-unit shares.

1. Rights listed in items of Article 189, paragraph 2 of the Company Law;

2. Rights to receive allotment of share offering to shareholders and allotment of share purchase warrants; and

3. Rights specified in these Articles of Incorporation

Any less-than-one-unit shareholder of the Company shall be entitled to request the Company to sell the number of shares that will, together with such less-than-one-unit shares, constitute a full unit of shares.

Article 9. (Transfer agent)

The Company shall have a transfer agent in respect of shares.

The share register, the beneficiaries’ record and the register of loss of share certificates of the Company shall be kept at the business office of the transfer agent.

The transfer agent mentioned in the first paragraph shall handle for the Company the registration of the transfer of shares and other business relating to shares.

The provisions of the foregoing paragraphs shall apply with respect to debentures.

Article 10. (Administrator of shareholders’ register)

The Company shall have an administrator of its shareholders’ register.

Article 10. (Share Handling Regulations)

In addition to what is provided in laws, regulations or these Articles of Incorporation, the denominations of share certificates of the Company and registration of the transfer of shares of the Company, registration of rights of pledges, declaration of property in trust, notices from shareholders, reissue of share certificates, handling of exercise of voting rights and other rights of shareholders by electromagnetic methods and other matters relating to the handling of shares shall be governed by the Share Handling Regulations established by the Executive Officer authorized by the Board of Directors.

Article 11. (Regulations on Handling of Shares, etc.)

In addition to what is provided in laws, regulations or these Articles of Incorporation, handling of exercise of rights as shareholders of the Company, any other matters relating to the handling of shares and share purchase warrants and fees related thereto shall be governed by the Regulations on Handling of Shares, etc. established by the Executive Officer authorized by the Board of Directors.

Article 11. (Provisional address or agent of shareholders, etc., residing abroad)

Shareholders, pledgees or their legal representatives residing in foreign countries shall establish their provisional addresses or appoint their agents, in Japan, and shall notify such addresses or agents in accordance with the Share Handling Regulations. The same shall apply in case of a change occurring in these matters.

(Delete)

Present Articles of Incorporation

Proposed Amendment

Article 12. (Record date)

The Company shall treat the shareholders as of the date of the closing of accounts for each business term as shareholders entitled to exercise the rights of shareholders at the ordinary General Meeting of Shareholders for such business term.

In addition to the preceding paragraph, if it is deemed necessary, the Company may, by giving public notice in advance, by resolution of the Board of Directors, treat the shareholders or pledgees as of a certain date and hour as the shareholders or pledgees entitled to exercise their rights.

Article 13. (Convening)

An ordinary General Meeting of Shareholders shall be convened within three months next following the date of closing of accounts of each year and an extraordinary General Meeting of Shareholders shall be convened whenever necessary, in a ward, or ku of Tokyo by the President in accordance with the resolution of the Board of Directors. If the President is prevented from discharging his duties, such meeting shall be convened by another Executive Officer in the order previously fixed by the Board of Directors.

(Delete)

(New provision)

Article 12. (Record date for the purpose of the Ordinary General Meeting of Shareholders)

The Company shall regard the shareholders registered as of the last date of each business year as shareholders entitled to exercise the rights of shareholders at the Ordinary General Meeting of Shareholders for such business year.

Article 14. (Chairmanship)

Chairmanship of a General Meeting of Shareholders shall be assumed by the President. If the President is prevented from discharging his duties, another person shall act as such chairman in the order previously fixed by the Board of Directors.

Article 13. (Chairmanship)

Chairmanship of a General Meeting of Shareholders shall be assumed by the President. If the President is prevented from discharging his duties, another person shall act as such chairman in the order previously fixed by the resolution of the Board of Directors.

(New provision)

Article 14. (Website disclosure of reference documents for the General Meeting of Shareholders, etc.)

As provided for in the applicable laws, it is deemed that the Company provided reference documents for the General Meeting of Shareholders, financial statements and consolidated financial statements (including auditor’s report and Accounting Auditor’s report for those consolidated financial statements), as well as other information required to be included or presented in the business report of the Company to its shareholders by posting them on its website on the Internet.

Present Articles of Incorporation

Proposed Amendment

Article 15. (Exercise of voting rights by proxy)

Shareholders or their legal representatives may exercise their voting rights by proxy; provided, however, that such proxy must be a shareholder of the Company entitled to vote.

In the case mentioned in the preceding paragraph, a document showing the power of representation shall be submitted to the Company in advance.

Article 15. (Exercise of voting rights by proxy)

A shareholder may appoint a proxy who exercises such shareholder’s voting rights on behalf of such shareholder; provided, however, that such proxy must be a shareholder of the Company entitled to vote.

In the case mentioned in the preceding paragraph, a document certifying the power of representation shall be submitted to the Company in advance.

Article 16. (Method of adopting resolutions)

Unless otherwise provided by laws, regulations or these Articles of Incorporation, resolutions at a General Meeting of Shareholders shall be adopted by a majority of the votes of the shareholders present.

Any resolution as provided for in Article 343 of the Commercial Code of Japan shall be adopted at a General Meeting of Shareholders at which shareholders representing one-third or more of the voting rights of all the shareholders shall be present, by a majority of two-thirds or more of the voting rights of the shareholders so present.

Article 16. (Method of adopting resolutions)

Unless otherwise provided by laws, regulations or these Articles of Incorporation, resolutions at a General Meeting of Shareholders shall be adopted by a majority of the votes of the shareholders who are present in such meeting and are entitled to vote.

Any resolution as provided for in Article 309, paragraph 2 of the Company Law shall be adopted at a General Meeting of Shareholders at which shareholders representing one-third or more of the voting rights of all the shareholders shall be present, by a majority of two-thirds or more of the voting rights of the shareholders who are present in such meeting and are entitled to vote.

Article 17. (Minutes)

With respect to the proceedings at a General Meeting of Shareholders, minutes shall be prepared entering or recording therein the general proceedings and the resultant actions taken thereat, and such minutes shall be kept at the Company after the chairman, the Directors and the Executive Officers present have affixed their names and seals or their electronic signatures thereto.

(Delete)

Article 18. (The presentation of text is omitted here.)

Article 17. (The presentation of text is omitted here.)

Article 19. (Election)

For the adoption of resolutions for the election of Directors, the presence of shareholders representing one-third or more of the voting rights of all the shareholders shall be required at the General Meeting of Shareholders.

Resolutions under the preceding paragraph shall not be made by cumulative voting.

Article 18. (Election)

For the adoption of resolutions for the election of Directors, the presence of shareholders representing one-third or more of the voting rights of shareholders who are entitled to vote shall be required at the General Meeting of Shareholders.

Resolutions under the preceding paragraph shall not be made by cumulative voting.

Article 20. (Term of office)

The term of office of Directors shall expire at the close of the ordinary General Meeting of Shareholders relating to the last closing of accounts within one year after their assumption of office; provided, however, that the term of office of those Directors who have newly assumed office while the other Directors are still in office shall be for the remaining balance of the term of office of the other Directors presently in office.

Article 19. (Term of office)

The term of office of Directors shall expire at the close of the Ordinary General Meeting of Shareholders for the last business year that will end within one year after their election; provided, however, that the term of office of those Directors who have newly assumed office while the other Directors are still in office shall be for the remaining balance of the term of office of the other Directors presently in office.

Present Articles of Incorporation

Proposed Amendment

Article 21. (Director to convene and preside over meetings of the Board of Directors)

By resolution of the Board of Directors, a Director who convenes and presides over meetings of the Board of Directors shall be selected.

Article 20. (Director to convene and preside over meetings of the Board of Directors)

By resolution of the Board of Directors, a Director who convenes and presides over meetings of the Board of Directors shall be selected.

[Note: Although notational changes were made in the original Japanese Article, the English translation has not changed.]

Article 22. (Convening of meeting of the Board of Directors)

Notice for convening a meeting of the Board of Directors shall be dispatched to each Director one week prior to the date of the meeting; provided, however, that in case of urgency, such period may be shortened and such notice may be dispatched three days prior to the date of the meeting.

Article 21. (Convening of meeting of the Board of Directors)

Notice for convening a meeting of the Board of Directors shall be dispatched to each Director one week prior to the date of the meeting; provided, however, that in case of urgency, such period may be shortened and such notice may be dispatched by the preceding day to the date of the meeting.

Article 22. (Resolutions of the Board of Directors without meeting)

Matters that require resolutions in a meeting of the Board of Directors may be resolved without holding a meeting if all Directors who are entitled to vote for such resolutions express unanimously in writing or in electromagnetic recording media their consent or approval on such matters; and such unanimous consent or approval shall be treated as if resolutions were effectively adopted in a meeting of the Board of Directors.

Article 23. (Exemption of Directors from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Director from liabilities as provided in Article 21-17, paragraph 1 of the Special Exceptions Law to the extent as provided in laws or regulations.

The Company may enter into an agreement with any outside Director to limit liabilities of such Director as provided in Article 21-17, paragraph 1 of the Special Exceptions Law to the aggregate amount as provided in the items of paragraph 19 of Article 266 of the Commercial Code, which are applied by paragraph 5 of the said Article of the Special Exceptions Law.

Article 23. (Exemption of Directors from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Director (including former Directors) from liabilities as provided in Article 423, paragraph 1 of the Company Law to the extent as provided in laws or regulations.

The Company may enter into an agreement with any outside Director to limit liabilities as provided for in Article 423, paragraph 1 of the Company Law of such Director to the extent in the aggregate amount as provided for in items of Article 425, paragraph 1 of the Company Law.

Article 25. (Committees)

The Company shall have the Nominating Committee, the Audit Committee and the Compensation Committee.

(Delete)

Article 26. (The presentation of text is omitted here.)

Article 25. (The presentation of text is omitted here.)

Article 27. (Number)

By resolution of the Board of Directors, the Company shall have not more than 40 Executive Officers.

Article 26. (Number)

By resolution of the Board of Directors, the Company shall have not more than 40 Executive Officers.

[Note: Although notational changes were made in the original Japanese Article, the English translation has not changed.]

Present Articles of Incorporation

Proposed Amendment

Article 28. (Term of office)

The term of office of Executive Officers shall expire at the close of the first meeting of the Board of Directors after the ordinary General Meeting of Shareholders relating to the last closing of accounts within one year after their assumption of office; provided, however, that the term of office of those Executive Officers who have newly assumed office while the other Executive Officers are still in office shall be for the remaining balance of the term of office of the other Executive Officers presently in office.

Article 27. (Term of office)

The term of office of Executive Officers shall expire on the last day of the business year that ends within one year from their election.

Article 29. (President)

By resolution of the Board of Directors, a President shall be selected, provided that the President must be a Representative Executive Officer.

Article 28. (President)

By resolution of the Board of Directors, a President shall be selected, provided that the President must be a Representative Executive Officer.

[Note: Although notational changes were made in the original Japanese Article, the English translation has not changed.]

Article 30. (Exemption of Executive Officers from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Executive Officer from liabilities as provided in Article 21-17, paragraph 1 of the Special Exceptions Law to the extent as provided in laws or regulations.

Article 29. (Exemption of Executive Officers from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Executive Officers (including former Executive Officers) from liabilities as provided in Article 423, paragraph 1 of the Company Law to the extent as provided in laws or regulations.

Article 31. (Chairmen Emeritus)

The Company may have Chairmen Emeritus by resolution of the Board of Directors.

Article 30. (Chairmen Emeritus)

The Company may have Chairmen Emeritus by resolution of the Board of Directors.

[Note: Although notational changes were made in the original Japanese Article, the English translation has not changed.]

Article 32. (Date of closing of accounts)

The date of closing of accounts of the Company shall be March 31 of each year.

Article 31. (Business year)

The business year of the Company shall start on April 1 every year and end on March 31 of the following year.

(New provision)

Article 32. (Distribution of surplus and repurchase of the Company’s shares)

The Company may, unless otherwise provided in the applicable laws, make decisions on matters specified in items of Article 459, paragraph 1 of the Company Law by resolution of its Board of Directors, without resolution at the General Meeting of Shareholders.

Present Articles of Incorporation

Proposed Amendment

Article 33. (Dividends)

Dividends shall be paid to the shareholders or registered pledgees as of each date of closing of accounts.

If the dividends mentioned in the preceding paragraph are not received within three years from the date they became due and payable, the Company shall be relieved of the obligation to pay such dividends.

Article 33. (Record date for the purpose of distribution of surplus, etc.)

Any distributions of surplus by the Company shall be to the shareholders or registered pledgees as of March 31 or September 30 of each year.

In addition to the dates specified above, the Company may designate another record date for the purpose of distributing surplus.

If a distribution of surplus is not received within three years from the date it became due and payable, the Company shall be relieved of the obligation to pay such distribution of surplus.

Article 34. (Interim dividends)

The Company may, by resolution of the Board of Directors, make such distribution of money as provided for in Article 293-5 of the Commercial Code of Japan to the shareholders or registered pledgees as of the last day of September of each year.

The provisions of the second paragraph of the preceding Article shall apply, mutatis mutandis, to the distribution of money mentioned in the preceding paragraph.

Supplementary Provisions

Article 1. (Transitional measure regarding exemption of Directors from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Director from liabilities in respect of any act prior to the close of the ordinary General Meeting of Shareholders relating to the accounting period ended March 2003 as provided in Article 266, paragraph 1, item 5 of the Commercial Code of Japan to the extent as provided in laws or regulations.

Supplementary Provisions

Article 1. (Transitional measure regarding exemption of Directors from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Director from liabilities in respect of any act prior to the close of the Ordinary General Meeting of Shareholders for the accounting period ended March 2003 as provided in Article 266, paragraph 1, item 5 of the Commercial Code of Japan (hereinafter the “Former Commercial Code) before it was revised in accordance with the Law Regarding Creation of Relevant Laws in Response to the Enactment of the Company Law to the extent as provided in laws or regulations.

Article 2. (Transitional measure regarding exemption of Corporate Auditors from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Corporate Auditor from liabilities prior to the close of the ordinary General Meeting of Shareholders relating to the accounting period ended March 2003 to the extent as provided in laws or regulations.

Article 2. (Transitional measure regarding exemption of Corporate Auditors from liabilities)

The Company may, by resolution of the Board of Directors, exempt any Corporate Auditor from liabilities as provided for in the Former Commercial Code prior to the close of the Ordinary General Meeting of Shareholders for the accounting period ended March 2003 to the extent as provided in laws or regulations.

No.

Name

(Date of Birth)

Principal Occupation

Brief Biography

Share
Ownership

Conflict

of

Interest

4/1960   Joined Hitachi, Ltd.

Hitachi, Ltd.

(Standing member of Audit Committee)

6/1991   Director

6/1993   Executive Managing Director

6/1997   Senior Executive Managing Director

4/1999   Executive Vice President and Representative Director

6/2003   Representative Executive Officer, Executive Vice President, Executive Officer and Director

4/2004   Director

6/2005   Board Director (Chair)

Etsuhiko Shoyama

(Mar. 9, 1936)

Representative Executive

Officer, Chairman and

Director, Hitachi, Ltd.

(Member of Nominating Committee and Compensation Committee)

4/1959   Joined Hitachi, Ltd.

6/1991   Director

6/1993   Executive Managing Director

6/1995   Senior Executive Managing Director

6/1997   Executive Vice-President and Representative Director

4/1999   President and Representative Director

6/2003   Representative Executive Officer, President, Chief Executive Officer and Director

4/2006   Representative Executive Officer, Chairman and Director

Kazuo Furukawa

(Nov. 3, 1946)

Representative Executive Officer and President,

Hitachi, Ltd.

4/1971   Joined Hitachi, Ltd.

6/2003   Vice President and Executive Officer

4/2004   Senior Vice President and Executive Officer

4/2005   Representative Executive Officer, Executive Vice President and Executive Officer

4/2006   Representative Executive Officer and President

Tadamichi Sakiyama

(Jun. 13, 1941)

4/1964   Joined Hitachi, Ltd.

6/1994   General Manager of Accounting Department

6/1999   Vice President, General Manager of Internal Auditing Office

6/2001   Board Director, Senior Vice President, Hitachi Construction Machinery

4/2003   Executive Vice President and Representative Director

6/2003   Representative Executive Officer, Executive Vice President, Executive Officer and Director

4/2006   Director

No.

Name

(Date of Birth)

Principal Occupation

Brief Biography

Share
Ownership

Conflict

of

Interest

Takashi Miyoshi

(Sep. 25, 1947)

4/1970   Joined Hitachi, Ltd.

4/2003   General Manager, Finance

6/2003   Executive Officer

4/2004   Senior Vice President and Executive Officer

6/2004   Senior Vice President, Executive Officer and Director

4/2006   Representative Executive Officer, Executive Vice President, Executive Officer and Director

Ginko Sato

(Jul. 6, 1934)

Honorary President, Japan Association for the Advancement of Working Women

Director, Hitachi, Ltd.

(Member of Nominating Committee and Audit Committee)

4/1958   Joined Ministry of Labour (currently Ministry of Health, Labour and Welfare)

6/1985   Ministerial Councillor, Ministry of Labour

1/1986   Director-General, Women’s Bureau, Ministry of Labour

7/1990   Assistant Minister of Labour

10/1991 Ambassador Extraordinary and Plenipotentiary of Japan to Kenya

7/1995   Commissioner, Securities and Exchange Surveillance Commission

7/1998   Chairperson, Securities and Exchange Surveillance Commission

8/2001   President, Japan Association for the Advancement of Working Women

6/2003   Director, Hitachi, Ltd.

4/2005   Honorary President, Japan Association for the Advancement of Working Women

Hiromichi Seya

(Oct. 7, 1930)

Senior Corporate Advisor, Asahi Glass Company, Limited (“Asahi Glass”)

Director, Hitachi, Ltd.

(Member of Nominating Committee, Audit Committee and Compensation Committee)

4/1954   Joined Asahi Glass

3/1985   Director

3/1987   Managing Director

3/1988   Representative Director Executive Vice President

3/1990   Representative Director Senior Executive Vice President

3/1992   Representative Director President

6/1998   Representative Director Chairman & CEO

6/2002   Representative Director Chairman of the Board

6/2003   Director, Hitachi, Ltd.

3/2004   Senior Corporate Advisor, Asahi Glass

Akira Chihaya

(Mar. 6, 1935)

Representative Director and

Chairman of the Board, NIPPON STEEL CORPORATION (“NSC”)

Representative Director and President, Tekko Kaikan Co., Ltd.

Director, Hitachi, Ltd.

(Member of Compensation Committee)

4/1957   Joined Yawata Iron & Steel Co., Ltd. (currently NSC)

6/1987   Director

6/1991   Managing Director

6/1995   Representative Director and Executive Vice President

4/1998   Representative Director and President

4/2003   Representative Director and Chairman of the Board

6/2003   Director, Hitachi, Ltd.

No.

Name

(Date of Birth)

Principal Occupation

Brief Biography

Share
Ownership

Conflict

of

Interest

Tohru Motobayashi

(Jan. 5, 1938)

4/1963   Member of the Tokyo Bar Association

6/1970   Partner, Mori Sogo Law Offices (currently, Mori Hamada & Matsumoto)

4/2002   President of the Japan Federation of Bar Associations (Retired in March 2004)

Isao Uchigasaki

(Jan. 2, 1939)

Chairman of the Board, Hitachi Chemical Co., Ltd. (“Hitachi

Chemical”)

Director, Hitachi, Ltd.

4/1962   Joined Hitachi, Ltd.

4/1963   Joined Hitachi Chemical

6/1991   Board Director

6/1993   Executive Managing Director

6/1997   President and Representative Director

4/2003   Chairman of the Board and Representative Director

6/2003   Chairman of the Board

4/2004   Hitachi Group Executive Officer, Hitachi, Ltd.

6/2004   Hitachi Group Executive Officer and Director, Hitachi, Ltd.

3/2006   Retired Hitachi Group Executive Officer

Takashi Kawamura

(Dec. 19, 1939)

Chairman of the Board and Representative Executive Officer, Hitachi Software Engineering Co., Ltd. (“Hitachi Software Engineering”)

Director, Hitachi, Ltd.

4/1962   Joined Hitachi, Ltd.

6/1995   Director

6/1997   Executive Managing Director

4/1999   Executive Vice President and Representative Director

4/2003   Director

6/2003   Chairman of the Board and Representative Executive Officer, Hitachi Software Engineering

Yoshiro Kuwata

(Sep. 1, 1936)

Chairman of the Board and Representative Executive Officer, Hitachi

High-Technologies Corporation (“Hitachi

High-Technologies”)

Director, Hitachi, Ltd.

6/1961   Joined Hitachi, Ltd.

6/1993   Director

6/1995   Executive Managing Director

6/1997   Senior Executive Managing Director

4/1999   Executive Vice President and Representative Director

6/2003   Representative Executive Officer, Executive Vice President, Executive Officer and Director Chairman of the Board and Representative Executive Officer, Hitachi High-Technologies

4/2004   Director

Masayoshi Hanabusa

(Oct. 10, 1934)

Chairman of the Board, Hitachi Capital Corporation (“Hitachi

Capital”)

Director, Hitachi, Ltd.

(Member of Nominating Committee and Compensation Committee)

4/1957   Joined Hitachi Sales Corporation

8/1960   Joined Hitachi Credit Corporation (currently Hitachi Capital)

6/1977   Director

6/1983   Executive Managing Director

6/1987   Senior Executive Managing Director

6/1991   President and Representative Director

6/2001   Chairman of the Board and Representative Director

6/2003   Chairman of the Board Director, Hitachi, Ltd.

No.

Name

(Date of Birth)

Principal Occupation

Brief Biography

Share
Ownership

Conflict

of

Interest

Ryuichi Seguchi

(Nov. 19, 1933)

Director, Hitachi Construction Machinery

Director, Hitachi, Ltd.

4/1956   Joined Hitachi, Ltd.

10/1970 Joined Hitachi Construction Machinery

6/1981   Board Director

6/1983   Executive Managing Director

6/1989   Senior Executive Managing Director

6/1993   Executive Vice President

6/1997   President, Chief Executive Officer and Representative Director

4/2003   Chairman of the Board and Representative Director

6/2003   Chairman of the Board and Representative Executive Officer

4/2005   Chairman of the Board

6/2005   Director, Hitachi, Ltd.

4/2006   Director, Hitachi Construction Machinery

Industry Segment

Fiscal

2004(A)

Fiscal

2005(B)

Fiscal

2004(A)

Fiscal

2005(B)

Information & Telecommunication Systems

Electronic Devices

Power & Industrial Systems

Digital Media & Consumer Products

High Functional Materials & Components

Logistics, Services & Others

Financial Services

Subtotal

Eliminations & Corporate Items

Total

[Information & Telecommunication Systems]

•      Hitachi Communication Technologies, Ltd.

•      Hitachi Electronics Services Co., Ltd.

•      Hitachi Information Systems, Ltd.

•      Hitachi-Omron Terminal Solutions, Corp.

•      Hitachi Software Engineering Co., Ltd.

•      Hitachi Systems & Services, Ltd.

•      Hitachi Computer Products (America), Inc.

•      Hitachi Computer Products (Europe) S.A.S.

•      Hitachi Data Systems Holding Corp.

•      Hitachi Global Storage Technologies Netherlands B.V.

[Digital Media & Consumer Products]

•      Fujitsu Hitachi Plasma Display Limited

•      Hitachi Home & Life Solutions, Inc.

•      Hitachi Maxell, Ltd.

•      Hitachi Media Electronics Co., Ltd.

•      Hitachi Home Electronics (America), Inc.

•      Shanghai Hitachi Household Appliances Co., Ltd.

[High Functional Materials & Components]

•      Hitachi Cable, Ltd.

•      Hitachi Chemical Co., Ltd.

•      Hitachi Metals, Ltd.

[Logistics, Services & Others]

•      Chuo Shoji, Ltd.

•      Hitachi Life Corporation

•      Hitachi Mobile Co., Ltd.

•      Hitachi Transport System, Ltd.

•      Nikkyo Create, Ltd.

•      Hitachi America, Ltd.

•      Hitachi Asia Ltd.

•      Hitachi (China), Ltd.

•      Hitachi Europe Ltd.

[Financial Services]

•      Hitachi Capital Corporation

•      Hitachi Insurance Services, Ltd.

[Electronic Devices]

•      Hitachi Displays, Ltd.

•      Hitachi High-Technologies Corporation

•      Hitachi Medical Corporation

•      Hitachi Electronic Devices (USA), Inc.

•      Hitachi Semiconductor Singapore Pte. Ltd.

[Power & Industrial Systems]

•      Babcock-Hitachi Kabushiki Kaisha

•      Hitachi Air Conditioning Systems Co., Ltd.

•      Hitachi Building Systems Co., Ltd.

•      Hitachi Construction Machinery Co., Ltd.

•      Hitachi Engineering Co., Ltd.

•      Hitachi Engineering & Services Co., Ltd.

•      Hitachi Industrial Equipment Systems Co., Ltd.

•      Hitachi Industries Co., Ltd.

•      Hitachi Kiden Kogyo, Ltd.

•      Hitachi Plant Engineering & Construction Co., Ltd.

•      Hitachi Via Mechanics, Ltd.

•      Japan Servo Co., Ltd.

•      Guangzhou Hitachi Elevator Co., Ltd.

•      Hitachi Automotive Products (USA), Inc.

Industry Segment

Main Products and Services

Industry Segment

Information & Telecommunication Systems

Electronic Devices

Power & Industrial Systems

Digital Media & Consumer Products

High Functional Materials & Components

Logistics, Services & Others

Financial Services

Subtotal

Eliminations & Corporate Items

Total

Industry Segment

Information & Telecommunication Systems

Electronic Devices

Power & Industrial Systems

Digital Media & Consumer Products

High Functional Materials & Components

Logistics, Services & Others

Financial Services

Corporate Items

Total

Creditor

Nippon Life Insurance Company

The Dai-Ichi Mutual Life Insurance Company

Meiji Yasuda Life Insurance Company

Sumitomo Life Insurance Company

Note:

Fiscal Year

Revenues

Operating Income

Income Before Income Taxes and Minority Interests

Net Income

Net Income per Share (Basic) (yen)

Net Income per Share (Diluted) (yen)

Total Assets

Fiscal Year

Orders Received

Revenues

Operating Income

Ordinary Income

Net Income

Net Income per Share (Basic) (yen)

Net Income per Share (Diluted) (yen)

Total Assets

Name

Committee Membership

Principal Position outside the Company

Nominating Committee

Compensation Committee

—  

Nominating Committee

Audit Committee

Nominating Committee

Audit Committee

Compensation Committee

Nominating Committee

Audit Committee

Compensation Committee

—  

—  

—  

—  

Nominating Committee (Chair)

Compensation Committee (Chair)

—  

Name

Position

Responsibilities

Representative Executive Officer

President and Chief Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Name

Position

Responsibilities

Representative Executive Officer

Chairman

Representative Executive Officer

President

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Executive Vice President and Executive Officer

Representative Executive Officer

Senior Vice President and Executive Officer

Year-end Allowance and

Performance-linked Component

Amount paid

(millions of yen)

Amount paid

(millions of yen)

Amount paid

(millions of yen)

Directors

(Outside Directors)

Executive Officers

Total

Amount paid

(millions of yen)

Directors

Corporate Auditors

Total

Industry Segment

Change from the end of the

preceding year

Information & Telecommunication Systems

Electronic Devices

Power & Industrial Systems

Digital Media & Consumer Products

High Functional Materials & Components

Logistics, Services & Others

Financial Services

Corporate

Total

(the Company)

Location

Manufacturing,

Design and

Engineering

Sales and

Area Operations

Name

Location

  Babcock-Hitachi Kabushiki Kaisha

Chiyoda-ku, Tokyo

  Chuo Shoji, Ltd.

Chiyoda-ku, Tokyo

  Fujitsu Hitachi Plasma Display Limited

Kawasaki, Kanagawa

  Hitachi Air Conditioning Systems Co., Ltd.

Minato-ku, Tokyo

  Hitachi Building Systems Co., Ltd.

Chiyoda-ku, Tokyo

  Hitachi Cable, Ltd.

Chiyoda-ku, Tokyo

  Hitachi Capital Corporation

Minato-ku, Tokyo

  Hitachi Chemical Co., Ltd.

Shinjuku-ku, Tokyo

  Hitachi Communication Technologies, Ltd.

Shinagawa-ku, Tokyo

  Hitachi Construction Machinery Co., Ltd.

Bunkyo-ku, Tokyo

  Hitachi Displays, Ltd.

Mobara, Chiba

  Hitachi Electronics Services Co., Ltd.

Yokohama, Kanagawa

  Hitachi Engineering Co., Ltd.

Hitachi, Ibaraki

  Hitachi Engineering & Services Co., Ltd.

Hitachi, Ibaraki

  Hitachi High-Technologies Corporation

Minato-ku, Tokyo

  Hitachi Home & Life Solutions, Inc.

Minato-ku, Tokyo

  Hitachi Industrial Equipment Systems Co., Ltd.

Chiyoda-ku, Tokyo

  Hitachi Industries Co., Ltd.

Adachi-ku, Tokyo

  Hitachi Information Systems, Ltd.

Shinagawa-ku, Tokyo

  Hitachi Insurance Services, Ltd.

Chiyoda-ku, Tokyo

  Hitachi Kiden Kogyo, Ltd.

Amagasaki, Hyogo

  Hitachi Life Corporation

Hitachi, Ibaraki

  Hitachi Maxell, Ltd.

Ibaraki, Osaka

  Hitachi Media Electronics Co., Ltd.

Oshu, Iwate

  Hitachi Medical Corporation

Chiyoda-ku, Tokyo

  Hitachi Metals, Ltd.

Minato-ku, Tokyo

  Hitachi Mobile Co., Ltd.

Shinagawa-ku, Tokyo

  Hitachi-Omron Terminal Solutions, Corp.

Shinagawa-ku, Tokyo

  Hitachi Plant Engineering & Construction Co., Ltd.

Chiyoda-ku, Tokyo

  Hitachi Software Engineering Co., Ltd.

Yokohama, Kanagawa

  Hitachi Systems & Services, Ltd.

Minato-ku, Tokyo

  Hitachi Transport System, Ltd.

Koto-ku, Tokyo

  Hitachi Via Mechanics, Ltd.

Ebina, Kanagawa

  Japan Servo Co., Ltd.

Chiyoda-ku, Tokyo

  Nikkyo Create, Ltd.

Chiyoda-ku, Tokyo

  Guangzhou Hitachi Elevator Co., Ltd.

China

  Hitachi America, Ltd.

U.S.A.

  Hitachi Asia Ltd.

Singapore

  Hitachi Automotive Products (USA), Inc.

U.S.A.

  Hitachi (China), Ltd.

China

  Hitachi Computer Products (America), Inc.

U.S.A.

  Hitachi Computer Products (Europe) S.A.S.

France

*Hitachi Data Systems Holding Corp.

U.S.A.

  Hitachi Electronic Devices (USA), Inc.

U.S.A.

  Hitachi Europe Ltd.

U.K.

*Hitachi Global Storage Technologies Netherlands B.V.

Netherlands

  Hitachi Home Electronics (America), Inc.

U.S.A.

  Hitachi Semiconductor Singapore Pte. Ltd.

Singapore

  Shanghai Hitachi Household Appliances Co., Ltd.

China