MHI Plan Corporate Makeover

Press Release
Wednesday, February 27, 2013

MHI sets targets  on enhanced business sophistication and efficiency, stronger support of globalization drive.

Effective April 1, 2013, Mitsubishi Heavy Industries, Ltd. (MHI) will implement a complete reorganization of its corporate sector. The move, which is aimed at taking current reforms that integrate all company business operation structures into a system of business divisions one step further, targets enhanced sophistication and efficiency in carrying out corporate affairs. In this way MHI will pursue the achievement of a stronger framework for supporting the globalization of the company's various business divisions.

Specifically, functions of the company's various works relating to management auditing, accounting, procurement and information technology (IT) will be reorganized directly under the oversight of the Head Office. Functions pertaining to general affairs, personnel, corporate communication and legal matters, all of which demand response closely linked to their respective regions, will remain within the organizational domain of the works; however, when the nature of a business process demands, these functions will be concentrated at the Head Office or the regional block or undergo transfer to Group companies.

These initiatives will enable enhanced sophistication and efficiency in conducting the various corporate functions.

Under the reorganization, the company works will become organizations focused on such functions as general affairs and personnel. However, insofar as works that answer to the General Machinery & Special Vehicles, Air-Conditioning & Refrigeration Systems, and Machine Tool business divisions are concerned (i.e. Sagami Machinery Works, Nagoya Air-Conditioning & Refrigeration Machinery Works and Ritto Machinery Works), because these works will undergo decreases in their respective workforce scales, their organization will be discontinued and they will be consolidated into their pertinent business division.

Today MHI is striving to push its globalization drive more widely and with greater speed than earlier based on its "2012 Business Plan," under which the company is taking its first steps toward becoming an enterprise marking robust earnings of 5 trillion yen a year.

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