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Investor Presentaiton

Appendix 2: Growth (Value) Drivers and Risk Factors HITACHI Inspire the Next Growth drivers: Increase in digital investment for the acceleration of DX taking place amid the COVID-19 pandemic and measures taken to satisfy demand in the growth market Risk factors: Delay in recovery of the Japanese economy due to the COVID-19 pandemic, and geopolitical risks Growth (Value) drivers Increase in digital investments for the acceleration of DX ● Recovery of the Japanese economy due to the containment of the COVID-19 pandemic ● Expansion of the e-commerce and medical markets with the COVID-19 pandemic Increase in environment-related investments such as energy saving • Automotive investments, reflecting efforts to popularize EV Creation of synergies with acquired companies Risk factors • Delay in recovery of the Japanese economy due to the COVID-19 pandemic ⚫ Geopolitical risks Natural disaster risk • Exchange rate fluctuations Hitachi, Ltd. 2021. All rights reserved. 37 32
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