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                      | HITACHI HOME | UP | SEARCH | HITACHI

                      News Release

                      February 10, 1998

                      Revised business forecast for fiscal 1997

                      Hitachi, Ltd. hereby revises its business forecast for fiscal 1997 which ends March 31, 1998 as follows.

                      1. Unconsolidated forecast Yen (millions)

                      Fiscal 1997Fiscal 1996 results (B)
                      Revised forecast
                      (A)
                      (A) / (B)
                      X100
                      Previous forecast*
                      Net sales4,050,00094%4,150,0004,310,787
                      Ordinary income15,00018%70,00084,318
                      Net income5,000 9%50,00058,018

                      * The previous forecast was released in October 1997.

                      - Factors relating to the revision of the forecast -

                      While large computers are doing well, as in fiscal 1996 prices of semiconductor memories have fallen more than expected, resulting in a major deterioration in the state of sales and income. In addition, the weak Japanese economy and the dampening effect of the increase in the consumption tax in Japan have had a major impact on the wide range of consumer products. Thus, the outlook is that results will fall far short of the previous forecast.

                      2. Consolidated forecast Yen (millions)

                      Fiscal 1997Fiscal 1996 results (B)
                      Revised forecast (A)(A) / (B) X100Previous forecast*
                      Net sales8,430,00099%8,550,0008,523,100
                      Income before income taxes150,00057%265,000263,324
                      Net income20,00023%89,00088,331

                      * The previous forecast was released in November 1997.


                      WRITTEN BY Secretary's Office
                      All Rights Reserved, Copyright (C) 1998, Hitachi, Ltd.

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