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April 22, 2005

Hitachi Capital Corporation

Hitachi Capital Announces Nominees for New President
and CEO and Directors and Structure

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Hitachi Capital Corporation's Board of Directors today selected nominees for the director election to be held at the 48th ordinary general stockholders' meeting scheduled for June 22, 2005 , and a nominee for the election to replace the President and Chief Executive Officer at the Board of Directors meeting following the general stockholders' meeting.

1.Replacement of President and Chief Executive Officer

(1) Reason for the replacement

Hitachi Capital has worked as a group under the leadership of Kaichi Murata, President and Chief Executive Officer, for four years to restructure the organization and build the foundation for a new business. As the restructuring of the company has progressed as scheduled, the company has elected to replace the President and Chief Executive Officer in order to promote further sustainable growth under new leadership.

(2) Profile of the nominee for President and Chief Executive Officer

Name	Kazuo Takano
Birthplace	Hyogo Prefecture
Date of birth	October 13, 1946 (58-years old)
Highest level of education	Graduated from Keio University with a degree in Law
Work history	April 1969	Joined Long-Term Credit Bank of Japan (presently Shinsei Bank)
	June 1996	Director
	April 1998	Managing Director
	October 1998	Resigned from Long-Term Credit Bank of Japan
	September 2000	Joined Hitachi Capital
	April 2003	General Manager of Information Systems Division
	June 2003 to present	Senior Corporate Officer

(3) Scheduled date of assumption of office

June 22, 2005

2.New Directors and Management Structure (scheduled to take effect on June 22, 2005)

(1) Nominees for director

Chairman of the Board	Masayoshi Hanabusa
Director (new appointment)	Kazuo Takano
Director	Yoshitaka Aritoshi
Director	Yoshiki Yagi
Director	Kunimitsu Mukunoki
Director (new appointment)	Akira Tsuda

Note: The three nominees for director Yoshiki Yagi, Kunimitsu Mukunoki, and Akira Tsuda are external directors who fulfill the qualifications as stipulated by Article 188, Paragraph 2, Clause (7)-2 of the Commercial Code of Japan.

(2) Profiles of New Director Nominees

Name	Akira Tsuda
Birthplace	Aichi Prefecture
Date of birth	June 15, 1944 (60-years old)
Highest level of education	Graduated from Waseda University with a degree in Commerce
Work history	April 1968	Joined Nomura Securities
	December 1987	Director of Nomura Securities
	June 1996	Representative Managing Director of Nomura Securities
	June 1997	Representative Managing Director then Representative Director and Executive Vice President of Nihon Godo Finance (presently JAFCO)
	May 2002	Chairman, Nomura Investor Relations
	March 2005	Resigned as CEO and Chairman of Nomura Investor Relations

(3) Nominees for corporate officer

President and Chief Executive Officer	Kazuo Takano
Vice President and Executive Officer	Hideyuki Iikura
Vice President and Executive Officer	Kazuya Miura
Senior Corporate Officer	Yukio Mori
Senior Corporate Officer	Souichi Hayakawa
Senior Corporate Officer	Yasushi Matsushita
Senior Corporate Officer	Sadahiro Kato

3.Retiring Directors

Kaichi Murata, Director, and President and Chief Executive Officer

Scheduled to assume the office of special advisor to Hitachi, Ltd., on June 22, 2005.
Scheduled to be appointed Chairman of Hitachi Mobile Co., Ltd. at the ordinary general stockholders' meeting of the company scheduled for June 22, 2005.
Scheduled to be appointed Chairman of Hitachi Information Systems, Ltd. at the ordinary general stockholders' meeting of the company scheduled for June 29, 2005.

Yuushi Samuro, Director

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