Tokyo, Japan, May 18, 2016 --- Hitachi, Ltd. (TSE:6501, “Hitachi”) announced that it would spin off its LCD panel, etc. manufacturing equipment business (the “Business to Be Split-Off “) to a newly established company through an incorporation-type company split (the “Company Split”) on July 1, 2016. On the same date, Hitachi will transfer most of the shares in the newly established company to a company recently established by Polaris Capital Group Co., Ltd.* (President: Yuji Kimura, “POLARIS”)(the “Transfer of Shares”)
