Hitachi Maxell: Fiscal 4Q08 Financial Results

Company (¥ millions)	FY07	FY08	Projection FY09
Revenues	202,240	209,359	220,000
*Growth*		4%	5%
Net income (loss)	2,896	1,671

Information storage media* (¥ millions)	FY07	FY08	Projection FY09
Revenues	116,681	105,934	90,000
Growth		*-9%*	*-15%*
Operating income	6,573	4,133	3,000

* Computer tapes, broadcasting video tapes, Blu-ray Discs, DVDs, CDs,, MO discs, floppy disks, MiniDiscs, audio and video tapes

Above are the consolidated financial results of Hitachi Maxell, Ltd. for its fiscal year ended in March 2008.

Comment of Hitachi Maxell on information storage media:
"The segment posted increased sales from computer tapes thanks to a rise in shipment volume of high-storage-capacity
products—centered on LTO Ultrium 3 and LTO Ultrium 4 data cartridges—which absorbed falling prices. Meanwhile, in
optical discs, sales declined as a result of falling prices for recordable DVDs and CD-R discs. Further, sales from audio
tapes and video tapes decreased markedly because of market contraction. As a result, the Information Storage Media
segment’s net sales were down 9.2%, to ¥105,934 million. Due to the effect of falling product prices, operating income
decreased ¥2,440 million, to ¥4,133 million."