News Releases

Hitachi Announced the Terms for the Unsecured Straight Bond including Digital Green Bond

Tokyo, December 7, 2023 --- Hitachi, Ltd. (TSE:6501 "Hitachi") today announced the terms of unsecured straight bonds as set forth below following the announcement*1 relating to the plan to issue unsecured straight bonds including "Digitally Tracked Green Bond" ("digital green bond") which utilizes digital technologies such as IoT and a blockchain platform on November 16, 2023.
The proceeds from the issuance of the digital green bond will be used to refinance expenditures of the construction and refurbishment of Kyōsō-to of the Central Research Laboratory (energy saving building), and this will be the first benchmark size*2 in Japan, totaling 10.0 billion yen. The proceeds from the issuance of 22nd series and 23rd series unsecured straight bonds will be used to refinance of short-term funding for repaying 18th bond.

*1

News release dated November 16, 2023 "Cooperation in the Issuance of Hitachi's Digital Green Bond"

*2

Amounts typically issued in the lead manager method publicly offered primary market

The summary of the terms and conditions of each series of bond is as follows;

I. Hitachi, Ltd. 21st series unsecured straight bond with inter-bond pari passu clause
(Digitally Tracked Green Bond)

*3

An entity which supports the issuance of digital green bonds by originating schemes and advising impact reporting using digital technologies, distribution to investors, required documentation, and more.

*4

An entity that provides support for the issuance of green bonds through the advice on the development of a green bond framework and obtaining an external review.

II. Hitachi, Ltd. 22nd series unsecured straight bond with inter-bond pari passu clause

III. Hitachi, Ltd. 23rd series unsecured straight bond with inter-bond pari passu clause

＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊ :
Certain statements presented in this live broadcast may constitute "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such "forward-looking statements" reflect management's current views with respect to certain future events and financial performance and include any statement that does not directly relate to any historical or current fact. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or implied in the "forward-looking statements" and from historical trends. Certain "forward-looking statements" are based upon current assumptions of future events which may not prove to be accurate. A summary of the specific risks and uncertainties relevant to the Company's business is set forth on the Company's Cautionary Statement.

＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" - supporting our customers' digital transformation; "Green Energy & Mobility" - contributing to a decarbonized society through energy and railway systems, and "Connective Industries" - connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.