Message from the President In its long journey together with customers, partners, other individuals and societies since its foundation in 1884, Mitsubishi Heavy Industries (MHI) has sought to pioneer new approaches in manufacturing. These efforts have yielded many products that have enriched the lives of people around the world, and through them MHI has contributed to the development of societies. As a Manufacturer, the MHI Group In recent years, China, India and other emerging nations have shown remarkable growth and are expanding their presence in the global market, while the shale revolution Provides an Assured Future through has transformed the recovery and growth of the U.S. economy. If the MHI Group is Technologies and Passion to establish its value to society in this environment, we must maintain all aspects of our operations — our technological capabilities, price competitiveness, customer services and earning strength — at a top level internationally. The MHI Group’s turnover stands at approximately 3 trillion yen. However, to build new Shunichi Miyanaga, President and CEO platforms for corporate development and social contribution as a manufacturer that supports the foundations of society and industry, we are striving to become a high-revenue enterprise with a global market presence on a business scale of 5 trillion yen. To maximize the powerful synergy of the MHI Group, we have reorganized our 700 products into four business domains (divisions): “Energy & Environment,” “Commercial Aviation & Transportation Systems,” “Integrated Defense & Space Systems,” and “Machinery, Equipment & Infrastructure.” We are also reorganizing our management structure to ensure each domain actively expands its business based upon its own optimal business strategy. Accordingly, it is important for us to adopt a stance of flexibly incorporating that which we require and concepts from external sources that will benefit us, and to shift to global standards of thought and techniques, while still maintaining a corporate culture that affirms the high technological level and constant drive for improvement that embody the strengths of the MHI Group. We will also aim to make the most of our strengths by working with excellent partners to nurture our business growth, both in terms of size and profitability. We express our value to society through our CI statement, “Our Technologies, Your Tomorrow.” Every member of the MHI Group shares the firm intention to “continuously provide an assured future where people can live safe, secure and enriched lives through technologies that can excite people and passion as a manufacturer for the sustainability of the earth and humankind.” Inspired by the strong passion of our CI statement, we have taken up the challenge of transforming ourselves into a company with a truly global presence. Please continue to support the MHI Group in this goal. 1 Creating New Potential for the Planet with Future-Focused “Monozukuri ” Energy and resource depletion, global warming, food and water shortages, regional disparity, environmental pollution… At Mitsubishi Heavy Industries, our focus is on the resolution of these and other world problems in order to realize a more abundant, secure society in the future. To maximize use of more than a century of wide-ranging technologies, MHI has shifted to a structure of four business domains. MHI has taken the first step toward becoming a corporation with an undeniable global presence, one that will draw out the planet’s potential — the first step toward ensuring a secure future. Commercial Aviation Energy & Environment Domain & Transportation Systems Domain The Challenge to Generate The Power to Progress Energy & Environment offers optimal solutions in the energy-related fields of thermal power, nuclear power and Commercial Aviation & Transportation Systems delivers renewable energy, in such environmental areas as water advanced land, sea and air transportation systems, including and flue gas treatment, and for chemical plants and other civilian aircraft, commercial ships and transit networks. MHI industrial infrastructure elements. By integrating large-scale Future moves society, supporting its transportation and logistics infrastructure projects that support society, MHI generates infrastructures with superior safety, guaranteed quality and new power for the future. Aiming to become a highly profitable company reliability backed by technology. with a business scale of 5 trillion yen 2013 Sales ratio by domain Machinery, Equipment Integrated Defense & Infrastructure Domain & Space Systems Domain The Means to Connect The Technology to Safeguard Machinery, Equipment & Infrastructure provides a wide Integrated Defense & Space Systems provides integrated range of products that form the foundation of industrial land, sea, air and space defense systems, including naval development, such as machine tools, material handling, ships, defense aircraft, launch vehicles and special vehicles, construction machinery, air-conditioning and refrigeration as well as space-related services. MHI uses the technology systems. MHI applies its vast business endeavors and high and expertise cultivated in its defense and space business reliability as a corporation that supports social and industrial to provide security on the planet. infrastructure to connect people to people, businesses to businesses, and the present to the future. 2 3 SBU GTCC Power Generation Project Development Nuclear Fuel Cycle & Advanced Solutions Energy & Environment Large Conventional Plant & Service Nuclear Turbines Chemical Plant Industrial Conventional Plant & Service New Products Environmental Plant Onshore Wind Turbine Desalination Plant Offshore Wind Turbine Geothermal Power Plant Generating Sustainable Energy Sources Photovoltaic Power System SOFC Marine Diesel Engine Lithium-ion Battery Marine Machinery Nuclear Power Plant (Domestic) for Tomorrow’s Society Pump & Hydro Turbine Nuclear Power Plant (Global) Providing the world with optimum solutions as a global leader in the fields of energy and environment. Modern society is confronted with many issues, including the depletion of fossil fuels and the environmental burden caused by greenhouse gases. Using technology developed over its long history, MHI is promoting energy and social infrastructure projects that will enrich everyday life while minimizing environmental impact and contribute to the provision of an infinite source of sustainable energy. Thermal Power Systems Marine Machinery & Engines Mitsubishi Hitachi Power Systems, Ltd. Nuclear Energy Systems Chemical Plant & Infrastructure Renewable Energy Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. In February 2014, MHI and Hitachi, Ltd. Nuclear power generation does not create MHI fills a worldwide range of industrial MHI provides large wind turbines, a wide MHI-brand marine products are found in established Mitsubishi Hitachi Power Systems, CO2 emissions. MHI is contributing to the infrastructure needs by providing safe and variety of pumps and other approximately half of the world’s large Ltd. as a joint enterprise. The company stable supply of power as a world’s leading highly reliable fertilizer, methanol and low-environmental-impact energy merchant fleets. The company and its provides GTCC and a diverse lineup of gas integrated plant manufacturer and is petrochemical plants; oil and gas plants; technologies. The company also plans to start licencees produce UE engines, MET turbines, strengthening its worldwide product expanding its comprehensive lineup of water treatment, seawater desalination and mass production of offshore wind power turbochargers and other various marine business and working to resolve energy and pressurized water reactor plants, major CO2 recovery plants; and LNG tanks and generation equipment in the European market. machineries providing total solutions for environmental issues. equipment and other world-class technology receiving terminals. By bringing together technology from various marine transport with emphasis on energy for Japan and overseas as well. fields, we aim to realize a low-carbon society. savings and eco-friendliness. 4 5 SBU Commercial Ships Commercial Aviation & Transportation Systems Land Transportation System Boeing Sustaining 787 Bombardier Keeping Society Moving Actively in MRJ Commercial Aero Engines Every Field on Earth Established Commercial Airplanes Faster, safer, more efficient. Striving for ideal transportation. In today’s society, transportation infrastructures don’t exist simply to move people and carry goods. In a way, they are just as essential as blood vessels are in the human body. They support business, add richness to everyday life and energize society. MHI provides total support for land, sea and air transport and is keeping an eye on urban development from the perspective of movement. MRJ Shipbuilding & Ocean Development Land Transportation Systems Commercial Aircraft 787 Project Commercial Aero Engines Mitsubishi Aircraft Corporation MHI draws upon more than a century of MHI is expanding its business both at home and MHI supplies fuselage sections – the main MHI designed and manufactures the main MHI supplies components for and is involved in MHI is moving forward with developments in tradition and technology compiled over its abroad with high-speed rail projects and urban structure of aircraft, wing boxes and wings of the next-generation, super-efficient international joint development of turbofan engines for preparation for mass production of the long