Hitachi and Toyo Denki Seizo Agree on Strategic Alliance in Electrical Components for Rolling Stock in Overseas Markets

Tokyo, October 25, 2010 – Hitachi, Ltd. (NYSE: HIT / TSE: 6501, “Hitachi”) and Toyo Denki Seizo K.K. (TSE: 6505, “Toyo Denki Seizo”) today announced that they have entered into an agreement on strategic alliance in electrical components for rolling stock in overseas markets. Hitachi and Toyo Denki Seizo aim to strengthen their global competitiveness and expand their business outreach through this strategic alliance. The two companies will cooperate in projects outside Japan by sharing system integration work as well as by supplying each other's products in which they have strengths. In order to strengthen their cooperative relationship, Hitachi and Toyo Denki Seizo will hold equity shares of each other.