Hitachi Announces Business Structure Reforms to Improve Performance

Tokyo, March 16, 2009 - Hitachi, Ltd. (NYSE:HIT / TSE:6501) is actively examining and rigorously implementing structural reforms on a Group-wide basis to respond to a rapidly changing operating environment, to quickly turn around its performance and improve profitability, and to spur future growth.

As part of these efforts, Hitachi's Board of Directors decided at a meeting held today to implement business structure reforms centered on the split-off of Hitachi's Automotive Systems Group and Consumer Business Group.