MHI to Establish "MHI Information Systems Co., Ltd."

MHIIS will have a head office in Tokyo (Minato-ku) and five branches nationwide (Kanto, Nagoya, Kansai, Chugoku, Nishi-Nihon). It will support MHI's business growth through operations in planning, developing, manufacturing, marketing, operating and maintaining IT systems and computers. The integrated new company will be capitalized at 40 million yen and will launch with approximately 1,000 employees. Shuji Karasuda, Managing Director of Mitsubishi Heavy Industries Machinery Technology Corporation (MHIMT), a wholly owned MHI subsidiary, will serve as the president of the company.

In April MHI undertook total restructuring of its corporate sector. The move was designed to further enhance its companywide business structure implemented in April 2011, when a unified business headquarters structure was put in place that embraced the earlier operating structures of the respective business areas. In tandem with restructuring, the IT functions of the various business works were reorganized under the direct oversight of the Head Office. The integration measure is a continuation of that initiative.

Prior to the company's commitment to strengthening its business operating structure on a companywide basis, the individual IT-related group companies were each responsible for constructing and operating IT infrastructure, particularly at the various works that formerly functioned as separate units in that respect. However, as the company proceeded to expand the standardization and sharing of its in-house processes, the need grew for the construction of a large-scale IT system that would embrace all regional bases. In addition, ever more sophisticated and robust IT support of MHI's initiatives in accelerating business globalization and improving the cost competitiveness of its products has become indispensable.

MHIIS will promote effective utilization of its various component companies' respective resources and seek enhanced technological capabilities in order to respond to the above needs. It will also create a streamlined and resilient corporate structure that will enable the swift provision of high-quality IT services at low cost.

MHI will work closely with MHIIS and provide its full support to its business development.