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HITACHI KOKUSAI ELECTRIC INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2010

Consolidated Balance Sheets(Unaudited)

As of March 31, 2010 and 2009

Balance Sheets
  YEN (millions) (A)/(B)
×100(%)		 U.S.Dollars
(millions)
FY2009 (A) FY2008 (B) FY2009
Assets
Current assets        
Cash and deposits
 17,668 36,162 49 190
Deposits with Hitachi, Ltd.
 28,102 12 - 302
Notes and accounts receivable - trade
 40,885 35,798 114 439
Merchandise and finished goods
 8,591 7,754 111 92
Work in process
 10,433 12,880 81 112
Raw materials and supplies
 5,041 5,867 86 54
Deferred tax assets
 4,239 2,650 160 46
Other
 2,299 1,681 137 25
Allowance for doubtful accounts
 (159) (186) - (2)
Total current assets
 117,101 102,621 114 1,259
Noncurrent assets
Property, plant and equipment        
Buildings and structures, net
 13,080 13,979 94 141
Machinery, equipment and vehicles, net
1,693 2,397 71 18
Land
 5,506 5,508 100 59
Construction in progress
 317 295 107 3
Other, net
 2,509 3,383 74 27
Total property, plant and equipment
 23,107 25,565 90 248
Intangible assets 1,839 1,964 94 20
Investments and other assets        
Investment securities
 3,312 3,397 97 36
Long-term loans receivable
 44 36 122 0
Deferred tax assets
 2,372 2,330 102 25
Other
 1,943 3,573 54 21
Allowance for doubtful accounts
 (655) (941) - (7)
Total investments and other assets
 7,017 8,395 84 75
Total noncurrent assets
 31,964 35,925 89 344
Total assets 149,065 138,546 108 1,602
Summary
  YEN (millions) (A)/(B)
×100(%)		 U.S.Dollars
(millions)
FY2009 (A) FY2008 (B) FY2009
Liabilities
Current liabilities        
Notes and accounts payable-trade
 27,515 15,222 181 296
Short-term loans payable
 1,417 1,417 100 15
Income taxes payable
 544 206 264 6
Accrued expenses
 9,008 7,494 120 97
Provision for product warranties
 626 926 68 7
Provision for loss on construction contracts
 466 - - 5
Notes payable-facilities
 0 5 - 0
Other
 4,759 5,317 90 51
Total current liabilities
 44,338 30,588 145 477
Noncurrent liabilities        
Provision for retirement benefits
 25,884 25,529 101 278
Provision for directors' retirement benefits
 318 343 93 3
Deferred tax liabilities
 65 469 14 1
Other
 258 298 87 3
Total noncurrent liabilities
 26,526 26,640 100 285
Total liabilities 70,865 57,229 124 762
Net assets
Shareholders' equity        
Capital stock
 10,058 10,058 100 108
Capital surplus
 26,204 26,204 100 282
Retained earnings
 45,546 48,427 94 490
Treasury stock
 (2,572) (2,553) - (28)
Total shareholders' equity
 79,235 82,136 96 852
Valuation and translation adjustments        
Valuation difference on available-for-sale securities
 273 329 83 3
Foreign currency translation adjustment
 (1,366) (1,258) - (15)
Total valuation and translation adjustments
 (1,092) (928) - (12)
Minority interests 57 110 52 1
Total net assets 78,200 81,317 96 840
Total liabilities and net assets 149,065 138,546 108 1,602