8180SO4 and 534SS04 analyses indicate that surface oxidation of volcanic sulfur produces isotopically light sulfate in water occurring at relatively high elevations. Sulfate minerals in the basement rocks formed by the Miocene submarine volcanism are another source of dissolved sulfate in waters at lower elevations. C02 originally derived from decomposition of marine carbonate is suggested as a carbon source for dis solved bicarbonate at higher elevations, although contribution of organic carbon becomes significant in waters at lower elevations.In a 5D versus 8180 plot, surface waters including precipitation and ground water lie on the line, 6D = 88180 + 17. On the other hand, thermal waters lie on a regression line, SD=2.16180-33.5. Around the intersect of the two lines, S D = -51 %o and 8 180 = -8.5 %o, there is a swarm of point for groundwaters. We call the ground water with 8 D = -51 %o and 8180 = -8.5 %o "representative" groundwater (RGW). From both chemical and isotopic view points, thermal waters are interpreted to be a mixture of RGW and high temperature dense steam (HTDS), the latter being ultimately evolved from hydrothermal interaction of RGW with rocks containing appreciable amounts of hydrous silicates.Values of 5D and 8180 for HTDS have been interpreted to be a result of rock-RGW interaction with the rock/water weight ratio of about 10, on the basis of isotopic material balance in a closed system with the use of SD of hydrous silicates in rocks as well as 8D and 8180 values of RGW. When the ratio of about 10 is compared with those of other geothermal areas, the Hakone geothermal system is rock-dominated. Interaction between meteoric water and rocks including hydrous silicates under a rock-dominated con dition can account for both hydrogen and oxygen isotopic shifts found in thermal waters.