Foundation: 1884
Headquarters: Chiyoda Ward, Tokyo
President and CEO: Seiji Izumisawa
Executive Summary: Mitsubishi Heavy Industries (MHI) is a Japanese multinational corporation specializing in engineering, electrical equipment, and electronics, and is one of the central companies within the Mitsubishi Group. MHI’s expertise spans across energy systems, plants and infrastructure systems, logistics, thermal and drive systems, as well as aircraft, defense, and space technologies. Its roots go back to 1884 when Yataro Iwasaki leased the Nagasaki Shipyard, which was later renamed Nagasaki Shipyard & Machinery Works. This entity evolved into Mitsubishi Shipbuilding Co. in 1917 and then Mitsubishi Heavy Industries in 1934.
After World War II, under the influence of Allied occupation anti-trust regulations, MHI was split into three regional companies: West Japan Heavy Industries, Central Japan Heavy Industries, and East Japan Heavy Industries. The company was not reunited until 1964. Today, MHI is involved in manufacturing rocket vehicles for the Japan Aerospace Exploration Agency (JAXA) among other products. With nearly 80,000 employees, MHI’s annual revenue is in the range of US$40 billion.
