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Hitachi Announces Recognizing Extraordinary Item on an Unconsolidated Basis

January 18, 2012 Other news in Tarrytown,New York, United States of America

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Hitachi announces its plans to post 33.0 billion yen in write-downs of affiliated companies’ shares due to decline in share price, as an extraordinary loss on an unconsolidated basis.

FOR IMMEDIATE RELEASE
Tarrytown, New York, United States of America (Free-Press-Release.com) January 18, 2012 -- Hitachi, Ltd. (NYSE:HIT / TSE:6501) today announced that the Company plans to post 33.0 billion yen in write-downs of subsidiaries and affiliated companies shares due primarily to a decline in share price as an extraordinary loss on an unconsolidated basis for the nine-month period ended December 31, 2011.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Contacts

Hitachi, Ltd.
Japan
Masanao Sato
Hitachi, Ltd.
+81-3-5208-9324
mmasanao.sato.sz@hitachi.com

US
Mickey Takeuchi
Hitachi America, Ltd.
+1-914-333-2987
masayuki.takeuchi@hal.hitachi.com

free-press-release.com Hitachi recognizes extraordina

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Contact Information

Name: Hitachi US Webmaster

Company: Hitachi, Ltd.
Email: ***@gmail.com
About the author
Hitachi brings world class consumer, business, automotive, home improvement and industrial products with audio visual, IT, consulting, electronics, power and medical biotechnology.

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