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            Hitachi

            Corporate InformationInvestor Relations

            Policy on the Distribution of Earnings

            Hitachi sets dividends by taking into consideration a range of factors, including its financial condition, profitability and payout ratio. This policy is motivated by the desire to ensure the availability of sufficient internal funds for making investments in R&D and plant and equipment that are essential for maintaining competitiveness and improving profitability based on medium- and long-term plans, as well as to ensure the stable growth of dividends. Hitachi has adopted a flexible stance toward supplementing dividends with the repurchase of its own shares, taking funding requirements based on business plans, market conditions and other factors into consideration. In addition, Hitachi will repurchase its own shares in order to implement a flexible capital strategy, including business restructuring, to maximize shareholder value.

            Historical Dividend Data

            Fiscal year Record date Dividend per share Start of payment
            Fiscal 2020 year-end March 31, 2021 ¥55.0 June 2, 2021
            Fiscal 2020 interim September 30, 2020 ¥50.0 November 30, 2020
            Fiscal 2019 year-end March 31, 2020 ¥50.0 June 8, 2020
            Fiscal 2019 interim September 30, 2019 ¥45.0 November 29, 2019
            Fiscal 2018 year-end March 31, 2019 ¥50.0 (including a special dividend of ¥5.0) May 31, 2019
            Fiscal 2018 interim September 30, 2018 ¥8.0 November 27, 2018
            Fiscal 2017 year-end March 31, 2018 ¥8.0 May 29, 2018
            Fiscal 2017 interim September 30, 2017 ¥7.0 November 28, 2017
            Fiscal 2016 year-end March 31, 2017 ¥7.0 May 29, 2017
            Fiscal 2016 interim September 30, 2016 ¥6.0 November 28, 2016
            Fiscal 2015 year-end March 31, 2016 ¥6.0 May 30, 2016
            Fiscal 2015 interim September 30, 2015 ¥6.0 November 26, 2015
            Fiscal 2014 year-end March 31, 2015 ¥6.0 June 1, 2015
            Fiscal 2014 interim September 30, 2014 ¥6.0 November 26, 2014
            Fiscal 2013 year-end March 31, 2014 ¥5.5 June 2, 2014
            Fiscal 2013 interim September 30, 2013 ¥5.0 November 26, 2013
            Fiscal 2012 year-end March 31, 2013 ¥5.0 May 28, 2013
            Fiscal 2012 interim September 30, 2012 ¥5.0 November 27, 2012
            Fiscal 2011 year-end March 31, 2012 ¥5.0 May 29, 2012
            Fiscal 2011 interim September 30, 2011 ¥3.0 November 29, 2011
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