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HITACHI KOKUSAI ELECTRIC INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2010

Consolidated Statements of Income(Unaudited)

Years ended March 31, 2010 and 2009

Summary
  YEN (millions) (A)/(B)
×100(%)		 U.S.Dollars
(millions)
FY2009 (A) FY2008 (B) FY2009
Net sales
Cost of sales		 122,088
98,771		 128,586
109,699		 95
90 		1,312
1,062
Gross profit 23,316 18,887 123 251
Selling, general and administrative expenses 27,615 30,295 91 297
Operating loss (4,298) (11,407) - (46)
Non-operating income        
Interest income
 150 400 38 2
Dividends income
 153 243 63 2
Gain on sales of securities
 437 0 - 5
Subsidy income
 215 - - 2
Reversal of allowance for doubtful accounts
 254 - - 3
Foreign exchange gains
 104 120 87 1
Equity in earnings of affiliates
 135 50 270 1
Other
 256 357 72 3
Total non-operating income
 1,706 1,173 145 18
Non-operating expenses        
Interest expenses
 16 21 76 0
Loss on valuation of securities
 24 27 89 0
Loss on disposal of noncurrent assets
 91 148 61 1
Loss on cancel of distributor contracts
 - 300 - -
Maintenance cost for idle assets
 128 77 166 1
Compensation expenses
 118 - - 1
Other
 170 187 91 2
Total non-operating expenses
 550 761 72 6
Ordinary loss (3,142) (10,996) - (34)
Loss before income taxes and minority interests (3,142) (10,996) - (34)
Income taxes-current 611 413 148 7
Income taxes-deferred (1,909) 13,439 - (21)
Total income taxes (1,298) 13,853 - (14)
Minority interests in income (loss) (36) 30 - (0)
Net loss (1,807) (24,880) - (19)