Hitachi, Ltd. today announced that the company and its six subsidiaries will establish an 
outsourcing company to handle work relating to Hitachi Group's personnel affairs, payrolls, 
accounting and financial management procedures and other such tasks with the aim of 
improving Group management efficiency and expanding its service business.  The new 
company, Hitachi Triple Win Corporation will be established in February 2000 and will start 
operations in April.

In November Hitachi announced its medium-term business plan, the i.e. Hitachi Plan.  An 
aim of the plan is to reorganize the companies of the Hitachi Group and to promote greater 
liaison and cooperation between Group companies to improve management efficiency.  
Along with this, a main component of the plan is the strengthening of financial services such 
as those offered by Hitachi Credit Corporation and Hitachi Leasing, Ltd.

The equity funding for the new company is being put up by Hitachi, Ltd., Hitachi Metals, 
Ltd., Hitachi Cable, Ltd., Hitachi Chemical Co., Ltd., Hitachi Engineering Co., Ltd., 
Hitachi Transport System, Ltd. and Hitachi Credit Corporation, with each company 
investing the same amount.

The first to contract out work operations to the Hitachi Triple Win will be Hitachi Credit 
Corporation, followed by the other founding companies, and other companies within the 
Hitachi Group, thereby increasing the management efficiency of Group companies.  By 
also acting as an outsourcing firm for companies outside the Hitachi Group, the 
operations of the new company will also play a major role in expanding the Group's 
service business.

In April 2000, the new company will start work with a staff of around 70, mostly personnel 
reassigned from the founding partners.  A sales target of 2 billion yen by the year ending 
March 2003 has been set.

Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics 
companies, with fiscal 1998 (ended March 31, 1999) consolidated sales of 7,977 billion yen 
($65.9 billion*).  The company manufactures and markets a wide range of products, 
including computers, semiconductors, consumer products and power and industrial 
equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at 
http://www.hitachi.co.jp.
* At an exchange rate of 121 yen to the dollar.

Outline of new company
Name of company:		Hitachi Triple Win Corp.
Location:			3-1 Nishi-Shimbashi 3-chome, Minato-ku, Tokyo
Capital:			350 million yen
Establishment date:		February 2, 2000
Start of business:		April 1, 2000
President:			Atsumu Yamaguchi
Sales target for first year:	1 billion yen
No. of employees:		Around 70 at startup