Hitachi Announces the Conclusion of Absorption-type Company Split Agreement Relating to Reorganization of Industrial Equipment Business

Tokyo, February 6, 2019 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) announced on October 25, 2018 that Hitachi Industrial Products, Ltd. (“Hitachi Industrial Products”), a newly established company, will succeed to the Industrial Products Business Unit that operates the business of large-sized industrial equipment through an absorption-type split (the “Company Split”) to strengthen the product business.

Having concluded the absorption-type company split agreement (the “Company Split Agreement”) today, Hitachi has announced matters as follows, some of which had not yet been decided in the news release on October 25, 2018. The matters which have been decided in the Company Split Agreement and changes since the previous news release are underlined.