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Tokyo, Japan, Published date 31 August, 2011

Four Companies Sign Memorandum of Understanding Regarding Integration of Small- and Medium-Sized Display Businesses

Tokyo, August 31, 2011 --- Innovation Network Corporation of Japan (“INCJ”), Hitachi, Ltd. (“Hitachi”), Sony Corporation (“Sony”) and Toshiba Corporation (“Toshiba”) announced today that they have signed a non-binding Memorandum of Understanding to integrate their small- and medium-sized display businesses, which are operated by subsidiaries of Hitachi, Sony and Toshiba, in a new company to be established and operated by INCJ (“NewCo”) as attached.