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