Hitachi Announces Revisions of Consolidated Business Forecasts for Fiscal 2008 and Extraordinary Items on Unconsolidated Basis

Tokyo, May 7, 2009 – Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced revisions to the Company's consolidated business forecasts for fiscal 2008, the year ended March 31, 2009, which were announced on February 3, 2009, due to recent business performance. The Company also announced plans to record extraordinary items on an unconsolidated basis.