Press Information

Update on Conclusion of Absorption-type Company Split Agreement on Transfer of Air-Conditioning & Refrigeration Business to Wholly Owned Subsidiary


Tokyo, June 8, 2016 - As announced on May 17, Mitsubishi Heavy Industries, Ltd. (MHI) is to conclude an absorption-type company split agreement on the transfer of its air-conditioning & refrigeration (AC&R) business to MHI Air-conditioning & Refrigeration Co., Ltd. (MHI-AC&R), a wholly owned subsidiary. At that time, the name and representative of the successor company post-split remained to be announced, and these details have now been decided as indicated in the table below (items in italics).

Profile of the Successor Company Post-Split
  Successor Company
(1) Name Mitsubishi Heavy Industries Thermal Systems, Ltd.
(2) Head office 16-5, Konan 2-chome, Minato-ku, Tokyo, Japan
(3) Representative Kaoru Kusumoto, President & CEO
(4) Business Business related to design, manufacture, procurement, quality assurance, sales and after-sales services of air-conditioning & refrigeration systems (including ancillary business)
(5) Capital 12,000 million yen
(6) Fiscal year end March 31

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 or follow our insights and stories on