Foundation: 1884
Headquarters: Chiyoda Ward, Tokyo
President and CEO: Seiji Izumisawa
Executive Summary: Mitsubishi Heavy Industries (MHI) is a Japanese multinational engineering, electrical equipment, and electronics corporation–one of the core companies of the Mitsubishi Group. MHI specializes in energy systems, plants and infrastructure systems, logistics, thermal and drive systems, aircraft, defense, and space technologies. It traces its history back to 1884 when Yataro Iwasaki obtained a lease for the Nagasaki Shipyard, which was soon renamed Nagasaki Shipyard & Machinery Works. This was transformed in 1917 into the Mitsubishi Shipbuilding Co., and in 1934, Mitsubishi Heavy Industries. In the years following the end of the Pacific War, MHI fell afoul of Allied occupation anti-trust policies and was divided into West Japan Heavy Industries, Central Japan Heavy Industries, and East Japan Heavy Industries. It wasn’t until 1964 that MHI was reconstituted. Among other things, MHI now produces rocket vehicles for the Japan Aerospace Exploration Agency (JAXA). The firm boasts nearly 80,000 employees. Its annual income is in the range of US$40 billion.
