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MHI to Split Off Air-Conditioning & Refrigeration Business to Wholly-owned Group Company

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Tokyo, February 4, 2016 - Effective October 1, 2016, Mitsubishi Heavy Industries, Ltd. (MHI) will split off its air-conditioning & refrigeration business to a wholly-owned group company of MHI. In separating air-conditioning & refrigeration business, MHI initially will establish a preparatory company, which later will succeed the pertinent business from MHI in an absorption-type company split.

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About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.