Mitsubishi Heavy Industries, Ltd. (MHI) 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). 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