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Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
December 17, 2018
Tokyo, December 17, 2018 --- Hitachi, Ltd. (TSE:6501, "Hitachi") commented on the news articles which reported that Hitachi would freeze the nuclear power construction project at Wylfa Newydd in the United Kingdom ("Horizon Project"). These articles aren't based on Hitachi's decision or disclosed information.
Hitachi will make its final investment decision for Horizon Project, after applying project assessment in terms of economic rationality as a private company.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.