Hitachi, Ltd. ("Hitachi", NYSE:HIT / TSE:6501) today announced that it has settled a lawsuit with CHUBU Electric Power Co., Inc. based on the proposal of settlement indicated by the Tokyo District Court. The lawsuit related to a claim for damages by CHUBU Electric Power for damage to low-pressure turbines of Hamaoka Nuclear Power Station No. 5.
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.