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Basic Agreement reached with JTEKT toward Tie-up in Machine Tool Business
-- Aims Set on Enhancing Competitiveness and Expanding Business Scale --

Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries Machine Tool Co., Ltd.

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MAT and JTEKT Company Outlines
Company name Mitsubishi Heavy Industries Machine Tool Co., Ltd. (MAT) JTEKT Corporation
Establishment October 1, 2015 January 1, 2006
Head office(s) 130, Roku-jizo, Ritto, Shiga 520-3080, Japan Nagoya Head Office:15th Floor, Midland Square, 4-7-1 Meieki, Nakamura-ku, Nagoya 450-8515, Japan
Osaka Head Office:3-5-8 Minami-semba, Chuo-ku, Osaka 542-8502, Japan
President Keiichiro Iwasaki Tetsuo Agata
Capital 3,000 million yen 45,591 million yen
Businesses (1) Design, manufacture, sales and consulting services associated with machine tools, cutting tools, and related products
(2) Installation, technical guidance, and after-sale services related to the above products
Manufacture and sale of steering systems, bearings, driveline components, machine tools, electronic control devices, etc.
Net sales in FY2016 36,551 million yen (nonconsolidated) 1,318,310 million yen (consolidated)