MHI Completes the Transfer Procedures for its Domestic Onshore Wind Power Business

TOKYO, Apr 1, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) announced that, as previously disclosed on November 7, 2025 announcement(1) and the February 10, 2026 announcement(2), MHI had entered into a legally binding agreement to transfer its domestic onshore wind power business (Target Business) to Electric Power Development Co., Ltd. (J-Power). We are pleased to inform you that the transfer procedures have been completed as of April 1.

This transfer of the Target Business-including engineering and after-sales services, but excluding certain continuing businesses, such a joint business with Vestas Wind A/S of Denmark-will strengthen and further expand J-Power's foundation as a wind power developer by integrating MHI's accumulated wind power expertise. This collaboration is expected to accelerate the future expansion of J-Power's wind power development activities and the strengthening of its technical and maintenance capabilities, leading to further growth. MHI is convinced that this will not only provide customers with greater value but also offer new opportunities for growth and development to employees engaged in this business.

(1) "MHI Reaches a Basic Agreement with J-POWER on the Transfer of its Domestic Onshore Wind Power Business" https://www.mhi.com/news/25110702.html

(2) "(Update on Disclosed Matter) Notice Regarding the Conclusion of an Absorption-type Split Agreement for the Succession of Business to a Subsidiary via Company Split (Simplified Absorption-type Split) and a Share Transfer Agreement for Shares in the Said Subsidiary" https://www.mhi.com/notice/notice_260210.html

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com

Source: Mitsubishi Heavy Industries, Ltd.

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