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HITACHI KOKUSAI ELECTRIC INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED JUNE 30, 2009


Consolidated Quarterly Statements of Income (Unaudited)

For the three months ended June 30, 2009 and 2008

Summary
  YEN (millions) (A)/(B)
×100(%)
U.S.Dollars
(millions)
1Q of FY2009(A) 1Q of FY2008(B) 1Q of FY2009
 Net sales
 Cost of sales
19,672
16,358
31,291
23,136
63
71
205
170
 Gross profit 3,313 8,154 41 35
 Selling, general and administrative expenses 6,214 8,059 77 65
 Operating loss (2,900) 94 - (30)
 Non-operating income
Interest income
Dividends income
Gain on sales of securities
Equity in earnings of affiliates
Other

43
104
197
-
187

110
83
-
38
116

39
125
-
-
161

0
1
2
-
2
Total non-operating income
533 349 153 6
 Non-operating expenses
Interest expenses
Loss on disposal of noncurrent assets
Maintenance cost for idle assets
Equity in losses of affiliates
Other

4
10
30
18
63

4
30
-
-
62

100
33
-
-
102

0
0
0
0
1
Total non-operating expenses
127 98 130 1
 Ordinary income (loss) (2,494) 345 - (26)
 Income (loss) before income taxes and minority interests (2,494) 345 - (26)
 Income taxes-current
 Income taxes-deferred
21
148
334
168
6
88
0
2
 Total income taxes 170 503 34 2
 Minority interests in income(loss) (32) 8 - (0)
 Net loss (2,631) (165) - (27)