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Business Services Industry

Hitachi XBRL Business Unit Introduces "XBRL for Dummies" Book

Business Wire, April 22, 2008

-- Must-Have for CFOs, CPAs, Financial Analysts and Investors Who Need Plain-English Explanation of the Future of Financial Reporting --

BRISBANE, Calif. -- Hitachi America, Ltd., XBRL Business Unit, which develops and delivers eXtensible Business Reporting Language (XBRL) solutions for corporate and government customers, today announced to introduce "XBRL for Dummies" Book. It is only 84 pages long, but packs in the information that financial professionals need to understand XBRL and its role in upcoming SEC mandates for financial reporting.

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Companies such as PricewaterhouseCoopers LLC and WACOAL and government agencies like the FDIC are adopting XBRL; however, general understanding of XBRL is far less common. In fact, a study last year by Grant Thornton LLP revealed that nearly one-half of senior finance executives are not aware of XBRL and nine in 10 believed that the accounting profession had not adequately communicated the benefits of XBRL for internal and external financial reporting.

"XBRL for Dummies" has been designed to bring financial executives up-to-speed quickly and easily. This book provides insights to this approach to entering, processing, and labeling financial information that offers many remarkable advantages, including:

- Dramatic reductions in data re-entry - a time-consuming, costly process prone to human error

- More efficient and accurate information search

- Automated real-time creation of financial reports, greatly reducing the time gap between period-end and release dates

- Easier and faster exchange of information both within the organization and with external parties, like banks, auditors, business partners and suppliers

- Reduction in time needed for data manipulation, allowing data analysis to happen more quickly

- "Enter once, format many" means you type in your data once and it's available to others as printed reports, EDGAR filings, PDF files, and other formats.

The list of those who will benefit from reading "XBRL for Dummies" is long and broad:

- Government agencies, both in the US and overseas, including securities commissions like the SEC, tax departments, and statistical agencies.

- Financial professionals, including securities analysts, credit analysts, controllers, M&A specialists, and researchers.

- Anyone involved in the financial reporting chain inside both small and large companies.

- The general public, including small investors and credit applicants.

"While XBRL is now being adopted primarily for financial reporting, powerful forces such as globalization, transparency, and competition are accelerating the trend towards its everyday use in overall company activities, such as manufacturing, procurement, sales, and human resources," said Wilson So, general manager of Hitachi America, Ltd. XBRL Business Unit.

Copies of the book are only available online by visiting https://store.nationalmailing.com/xbrl/default.php?order.

Each copy is free of charge; however, there is a small charge for postage and handling.

ABOUT HITACHI

Hitachi America, Ltd., XBRL Business Unit delivers superior eXtensible Business Reporting Language (XBRL) solutions that improve corporate governance, restore shareholder confidence and enable market agility by delivering correct actionable data in real time.

Hitachi is a pioneer in the development of XBRL products and services for the financial and business communities at large. In addition to developing its own offerings, Hitachi partners with other firms - including systems integrators, auditing firms, and service providers - to create innovative XBRL solutions. The company has working partnerships with Merrill Corporation and PricewaterhouseCoopers.

Hitachi America, Ltd. XBRL Business Unit focuses on developing business relationships with four types of companies: those who want to reduce their time for financial analysis and reporting; those with multiple divisions that are in a merger/acquisition process; those trading on foreign or multinational exchanges; and those that want to be perceived as leaders in technology adoption. A copy of the business unit's white paper "The XBRL-Enabled Company" can be downloaded at www.hitachi.us/XBRL.

To enhance the XBRL conversation, Hitachi has launched Data Interactive, a blog to serve as a Speakers' Corner for the XBRL community. In addition to our own contributions, we invite guest bloggers from all areas of the interactive data world to contribute their take on the important challenges ahead. For more information, please visit www.hitachixbrl.com, or contact Hitachi at 1-888-HITACHI, or info@hitachixbrl.com.

Hitachi America, Ltd., a subsidiary of Hitachi, Ltd., markets and manufactures a broad range of electronics, computer systems and products, and provides industrial equipment and services throughout North America. For more information, visit www.hitachi.us.

Hitachi, Ltd., (NYSE:HIT)(TOKYO:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 384,000 employees worldwide. Fiscal 2006 (ended March 31, 2007) consolidated revenues totaled 10,247 billion yen ($86.8 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

Business Services Industry

Hitachi XBRL Business Unit Introduces "XBRL for Dummies" Book

Business Wire, April 22, 2008

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