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, 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 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 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 history to design and build commercial transit systems, such as the LRT and AGT cargo doors to leading aircraft Boeing 787 Dreamliner. The company has commercial aircraft, supporting the global aircraft next-generation regional jet, the MRJ*. By ships, special-purpose vessels and offshore (Automated Guideway Transit). The AGT, in manufacturers worldwide, including further refined the design and manufacturing industry and helping to make air travel more comfortable. providing high operational economic efficiency, marine structures capable of meeting a wide particular, has proven itself convincingly in the world Boeing, Bombardier and Airbus. The technology required for these full-fledged The company also contributes to environmental low environmental impact and a pleasant range of needs. Outstanding performance market. The company also provides safe, company’s highly reliable technology composite material wings – a first for passenger conservation through environmentally friendly engines environment for passengers, MHI is aiming to and economic efficiency ensure these comfortable transportation infrastructure, including facilitates comfortable air travel for aircraft – securing its place as the “World’s Wing that incorporate advanced noise-suppressing and help airlines improve their competitiveness and vessels sail throughout the world’s oceans. full turnkey project implementation. passengers around the globe. Center.” reduced gas emission technologies. Photo by Mitsubishi Aircraft Corporation profitability. * MRJ: Mitsubishi Regional Jet

6 7 SBU Naval Ship Integrated Defense & Space Systems Defense Aircraft Missile Systems Defense Aero-Engines & Control Equipment Maritime Systems Preserving Peace and Security with Space Systems State-of-the-Art Technologies Special Vehicle

photo by JAXA

Constantly pushing beyond the boundaries of technology to safeguard mankind’s peace and security. Rockets that strategically place satellites in orbit to monitor the earth. Defense equipment that must remain operational 24 hours a day, 365 days a year. Absolute reliability is demanded in a wide array of equipment, and the best of MHI’s cutting-edge technologies are out on the front lines, safeguarding everyday life. MHI will continue its resolve to bring about security and long-lasting peace of mind.

Aircraft Guidance & Propulsion Systems Space Special Vehicles Naval Ships Maritime Systems Fighter aircraft and helicopters maintained by Japan’s MHI helps guarantee security by developing and MHI leads Japan’s space industry with the In addition to producing special vehicles for MHI designs and manufactures destroyers, MHI develops, produces and provides Ministry of Defense are manufactured under license manufacturing surface-to-air missile systems and development, manufacture and complete launch industry, MHI has developed and submarines and many other types of naval operational support for the torpedoes and from U.S. companies, while development of the F-2 other types of ballistics as well as services of the domestically produced H-II A/B launch manufactured the Japan Ground ships for the Japan Maritime Self-Defense vertical launching systems equipped on close support fighter is a joint effort between Japan government-commissioned engines and control vehicles, the international space station resupply H-II Self-Defense Force’s main battle tanks over Force, contributing to the security of the seas Maritime Self-Defense Force aircraft and and the U.S. Being responsible for the fuselages in the equipment for aircraft and missiles for Japan’s transfer vehicle (HTV), and the Japanese experiment four generations. The latest Type-10 tank surrounding Japan. The company is also surface ships. The company uses highly development of domestically produced patrol and Ministry of Defense. The Group also plays a leading module “Kibo.” The company is strengthening its includes unique technology that makes it responsible for regular overhauls and repairs dependable state-of-the-art technology to next-generation transport aircraft, MHI serves a vital role in joint Japan-U.S. research and development competitiveness in the international market and compatible with integrated operations, after deployments. provide efficient support for maritime role in the preservation of peace. into ballistic missile defense. responding to expectations for space development. helping to safeguard peace in Japan. defense.

8 9 SBU Compressors Automotive Thermal Systems Machinery, Equipment & Infrastructure Metals Machinery Engine Environmental System Material Handling Equipment Mechatronics Systems Agricultural Machinery Industry and Precision Instruments Air-Conditioning & Refrigeration High Standard of Living and Quality of Life, Advanced Mechanical System Machine Tool Hydraulics & Machinery Other Equipment Coupled by Outstanding Advanced Technologies Turbocharger

Supporting daily life and business through a vast range of technologies. If society is to achieve lasting growth, it must possess a social foundation on which to realize quality of life and an industrial foundation to support the promotion of business. MHI combines the technologies refined through its experience as a monozukuri (manufacturing) company to support social infrastructure and uses the resulting multitude of solutions to promote the advancement of a sustainable society.

Engines Automotive Parts Air-Conditioning & Refrigeration Equipment Machine Tools Hydraulics & Machinery Business Development Promotion With an overwhelming share of the domestic MHI supplies auto manufacturers with MHI provides commercial heat pumps, module MHI’s precision cutting tools and a wide MHI manufactures a wide range of equipment, MHI produces cutting-edge equipment used market, MHI’s diesel and gas engines turbochargers, whose sales for passenger chillers, centrifugal chillers, transport refrigeration range of large machine tools and gear including hydraulic components used in in a wide range of fields, answering the needs deliver the world’s highest power-generating vehicles are forecast to expand dramatically, units, and residential and commercial air-conditioners cutting machines boast a top-class share of construction machinery and power generators, of society with devices such as particle efficiency. In addition to an array of power and high-efficiency automotive air conditioners. to keep homes, office buildings and other spaces world markets. Through monozukuri that and electro-hydraulic deck cranes for ships. accelerators that help unravel the mysteries of generating systems, the company also In response to growing global demand comfortable. Through improved economy and strives for high precision and high Our company has also developed testing systems space and matter, radiation therapy equipment supports society with its wide range of stemming from a tightening of emissions low-energy performance of these products, the productivity, MHI supports the infrastructure for car crash simulators and vibration testing for cancer treatment, and OLED panels, which engines used to power all types of equipment. regulations, MHI delivers high-quality, company contributes to environmental conservation of world industries. equipment to protect human life from accidents are attracting attention as next-generation high-performance products around the world. and prevention of global warming. and disasters. lighting.

Group Companies Mitsubishi Heavy Industries Compressor Corporation Mitsubishi Heavy Industries Mechatronics Systems, Ltd. Mitsubishi Heavy Industries Food & Packaging Machinery Co., Ltd. Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. Mitsubishi Nichiyu Forklift Co., Ltd. (List includes operating Mitsubishi-Hitachi Metals Machinery, Inc. Mitsubishi Heavy Industries Machinery Technology Corporation Mitsubishi Heavy Industries Plastic Technology Co., Ltd. Mitsubishi Heavy Industries Transportation Equipment Engineering & Service Co., Ltd. companies only) Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. Mitsubishi Agricultural Machinery Co., Ltd. Mitsubishi Heavy Industries Automotive Thermal Systems Co., Ltd.

10 11 Supporting Competitive Products, Services and Research Manufacturing Systems in the Global Market & Continuing to implement sophisticated design technologies and manufacturing processes throughout the value Development chain is essential to the evolution of our products. We remain focused on research and development of advanced technologies and manufacturing systems, which Technologies in Support of Products enables us to create breakthrough products and excellent customer service that will change the world. Ship resistance reduction technology using bubbles

Bow Air Outlets Substantially reduce friction Stern resistance by our unique air lubrication system (MALS), which effectively covers ship surface with a Stern carpet of fine bubbles. Air Outlets Air Bubble Flow

Designing safe and efficient turbomachinery through use of large-scale flow simulation technology

Examine details of flow phenomenon in turbomachinery and accurately predict the performance, which allows design optimization.

Lightning current simulation technology Lightning Strike Point

Realize efficient lightning protection designs based on current distribution Main Research & simulation technologies accurately reflecting aircraft structures and their Product Development electrical characteristics. Technology Example of Lightning Test Photo by Mitsubishi Aircraft Corporation & Nagasaki Innovation Applied Advanced Research Technology Headquarters Knowledge Technology & Planning Business Strength evaluation Research Development Dept. Training technology for H-Ⅱ Center Center Center Transfer Vehicle (HTV)

Intellectual Monozukuri Property Engineering Contribute to weight saving and Dept. Dept. improvement of reliability by application of high accuracy Takasago Business Monozukuri buckling simulation and strength test Process technology. Research Innovation Research Real Scale HTV Strength Evaluation Photo by JAXA/NASA & Innovation Planning & Development Dept. Dept. Development Center Center Material creation High technologies for Hiroshima Yokohama improvement of Research Research efficiency and & & reliability of products Development Development Temperature Center Center Develop casting simulation technology and electronic structure simulation (material design) technology for creation of parts/materials featuring higher thermal resistance and higher Low reliability. Directionally Solidified Blade Casting Simulation

12 13 Promoting CSR through Manufacturing as an Innovative Contribution to Society In accordance with the three principles that define the spirit of our creed, the MHI Group serves as a CSR manufacturing corporation that contributes to societal progress through its business endeavors of delivering products and technologies in support of social and industrial infrastructure worldwide. In this way, MHI is contributing to the resolution of global issues.

Relationship between Sustainable Society and Business-Integrated CSR

Promoting business-integrated CSR for a sustainable society

MHI Group Communications Global society / Stakeholders

Identify issues the MHI Group Products / Technologies Prevent/reduce negative MHI Group CSR Action Guidelines • needs to prioritize impact on society ( ) and increase positive formulated July 2007 Determine response guidelines Activities within Resolution of • impact all business processes diverse social issues In order to ensure a secure future for the Earth, we will establish and maintain: Executive Committee / CSR Committee

Analysis of Close ties with the Earth MHI Group’s impact on society Safeguard an abundantly green Earth through environmental technologies and environmental awareness; The MHI Group analyzes communications with guidelines, the Group proactively works towards the Close ties with society stakeholders and its own global impact on resolution of social issues through its products, Build a relationship of trust with society environmental and other social issues, identifies the technologies and activities within all business processes through proactive participation in society and trustworthy actions; issues the Group should prioritize for the Executive to prevent or reduce the Group’s negative impact and Committee and CSR Committee sessions, and increase its positive impact, and thereby contributes to A bridge to the next generation determines response guidelines. Based on these the realization of a sustainable society. Contribute to the cultivation of human resources who can shoulder responsibility in the next generation through technologies that can realize dreams.

MHI Environmental Vision 2030 Our Technologies, Your Tomorrow The future of our planet rests in the sustained evolution of humankind while caring, with love and responsibility, for all life forms that inhabit it. MHI will continue to be a company indispensable to Sustainability ensuring that future.

The MHI Group will pursue energy security while carrying forward environmental protection — not only of the earth but of space also — Based on our creed and CI statement, “Our Technologies, Your Tomorrow,” through its ability to develop new technologies and products, the MHI Group has also instituted CSR Action Guidelines to serve as collective standards for all Group employees when conducting business activities centered on the principles of CSR. to achieve a secure future that is kind to the earth.

More detailed information on the CSR Action Guidelines is available for viewing on the website. The MHI Group formulated the MHI Environmental Vision 2030 in June 2012, http://www.mhi-global.com/company/csr/policy/guideline/index.html More detailed information on the MHI Environmental Vision 2030 is available for viewing on the website. and promotes activities with an aim of achieving the 3Es http://www.mhi-global.com/company/csr/report/vision2030/index.html (energy security, environmental protection and economic growth) through business.

14 15 130 Years of History MHI Technologies Have Supported Japan Across Rough Seas One hundred and thirty years have elapsed since Mitsubishi first leased the government-owned Nagasaki History Shipyard from the Ministry of Industry in 1884. MHI technologies have been instrumental in steering Japan’s modernization and globalization through the upheavals of the , Taisho and Showa eras, and into today’s Heisei era. The history of Japan’s development Reason for Instituting the Creed June 1, 1970 is etched into the MHI technologies, products and services that underpin contemporary society. Creed 1. We strongly believe that the In Japan there are many enterprises with their own "creeds" customer comes first and that which simply represent their management concept. Mitsubishi we are obligated to be an innovative partner to society. Heavy Industries, Ltd. has a creed of this type, also. This creed 2. We base our activities on was instituted in 1970 on the basis of the policy advocated by honesty, harmony, and a clear Koyata Iwasaki, president of Mitsubishi Goshi Kaisha in the distinction between corporate and personal life. 1920s, to indicate the essential attitude of the company, the 3. We shall strive for innovative mental attitude of the employees, and the future directions of the management and technological company. The reason for instituting the present creed is so that development from an international perspective. all of us can call to mind our one hundred years of tradition, and strive for further development in the future.

1860 1870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 Future

MHI’s Progress 1873: Name changed 1950: Establishment Mitsubishi Shokai East Japan Heavy-Industries, Ltd. 1946 1875: Name changed Dissolution Mitsubishi’s Progress Mitsubishi Steamship Co. 1875: Name changed 1907: Established 1937: Reorganized 1943: Company name changed 1952: Company name changed Mitsubishi Mail Steamship Co. Shipbuilding Division of Mitsubishi Goshi Kaisha Mitsubishi-sha, Ltd. Mitsubishi-honsha, Ltd. Mitsubishi Nippon Heavy-Industries, Ltd. Merger of Three Companies 1886: Name changed 1917: Establishment Establishment 1964: Merged Mitsubishi-sha. Ltd. Mitsubishi Shipbuilding Co., Ltd. January 11, 1950 MITSUBISHI HEAVY INDUSTRIES, LTD. Origin of Mitsubishi Central Japan Business departments introduced 1893: Establishment 1934: Merged Heavy-Industries, Ltd. 1952: Company name changed 1870: Establishment Mitsubishi Goshi Kaisha Mitsubishi Heavy-Industries, Ltd. Shin Mitsubishi Tsukumo Shokai Heavy-Industries, Ltd. 1970: 2014: Business headquarters introduced Complete transition to business domains (divisions)

MHI’s July 7, 1884 Progress Foundation Lease of Government-Owned Nagasaki Shipyard (Purchased in 1887) 1921: Establishment 1942: Establishment 1970: Establishment 1995: Merged Mitsubishi Electric Mitsubishi Steel Mitsubishi Motors Corporation Mitsubishi Atomic Power Industries, Inc. Corporation Mfg. Co., Ltd.

1963: Establishment 2014: Establishment 1920: Establishment 1935: Merged 1945: Merged 1952: Company name changed Caterpillar Mitsubishi Ltd. Mitsubishi Hitachi Power Systems, Ltd. Mitsubishi Internal Combustion Engine Mfg. Co., Ltd. Yokohama Dock Co., Ltd. Mitsubishi Machine Tool Mitsubishi Shipbuilding Mfg. Co., Ltd. & Engineering Co., Ltd. 1883: Name changed 1928: Company name changed Government-Owned Nagasaki Shipyard Mitsubishi Aircraft Co., Ltd.

1868: Name changed 1921: Company name changed Government-Owned Nagasaki Iron Works Mitsubishi Internal Combustion Engine Co., Ltd. 1857: Construction begins 1950: Establishment Nagasaki Forge of Tokugawa Shogunate West Japan Heavy-Industries, Ltd.

•Sakuradamon •Abolition of the Han •Sino-French War •First Sino-Japanese •Anglo-Japanese •Japanese-American •Great Kanto •Manchurian Incident •Pacific War Begins (1941) •San Francisco Peace •Japanese Trade •Transition to Yen •Tohoku and Joetsu •Gulf War (1991) •September 11 •Tohoku Earthquake and Incident (1860) System (1871) (1884) War (1894) Alliance Signed Treaty of Commerce Earthquake (1923) (1931) •Atomic Bombing of Treaty Signed (1951) Liberalized (1962) Floating Exchange Shinkansen Lines •Law Enacted Attacks in U.S. Tsunami Disaster (2011) •American Civil War •Railway Between •Cabinet System •Treaty of (1902) and Navigation •Showa Financial •Withdrawal from the Hiroshima and Nagasaki •Security Treaty Between •Japan Joins the Rate System (1971) Opened (1982) Concerning (2001) •Tokyo Skytree Opened (1861) Shinbashi and Established (1885) Shimonoseki Signed •Russo-Japanese Signed (1911) Crisis (1927) League of Nations (1945) the U.S. and Japan Organisation for •Sino-Japanese •Japan National Cooperation for •Lehman Brothers (2012) •Namamugi Incident Yokohama Opened •Meiji Constitution (1895) War Begins (1904) •World War I Begins •Universal Male (1933) •Dissolution of the Zaibatsu Signed (1951) Economic Co-operation Diplomatic Relations Railways Division United Nations Bankruptcy (2008) •Mt. Fuji Named World (1862) (1872) Promulgated (1889) •Gold Standard •Railway (1914) Suffrage •February 26 Incident (1945) •Japan Joins the and Development Normalized (1972) and Privatization Peacekeeping •Hayabusa Returns Cultural Heritage Site (OECD) (1963) (1987) Operations (1992) Chronology of •Restoration of •Land Tax Reform •First Imperial Diet Established (1897) Nationalization •Russian Revolution Implemented for the (1936) •Constitution of Japan International Monetary •Okinawa Returned from Asteroid (2013) (1873) Completed (1907) (1917) First Time (1928) Fund (1952) •Tokaido Shinkansen Line to Japan (1972) •Seikan Tunnel •Great Hanshin Itokawa (2010) Events Imperial Rule (1867) Session Held (1890) •Second Sino-Japanese Promulgated (1946) •Tokyo Chosen to Host Opened (1964) Opened (1988) Earthquake (1995) •Meiji Restoration •Sword Abolishment •High Treason •World War I Ends •Great Depression War (1937) •Korean War Begins (1950) •Japan Joins the United •Oil Crisis (1973) •Expo 2010 2020 Olympics (2013) (1868) Edict (1876) Incident (1910) (1918) Begins (1929) •National Mobilization Nations (1956) •Tokyo Olympics Held •Lockheed Bribery •Great Seto Bridge •Nagano Olympics Shanghai China (1964) Opened (1988) ( ) Held (2010) •Suez Canal Opened •Satsuma Rebellion •League of Nations •London Naval Treaty Law Issued (1938) •European Economic Scandal (1976) Held 1998 (1869) (1877) Established (1920) Signed (1930) •World War II Begins Community (Now the EU) •Japan Hosts Expo ’70 •German •26th G8 Summit (1939) Established (1958) (1970) Reunification (1990) Held in Okinawa (2000)

16 17 Throughout Diversified Eras In Differentiated Fields, photo by JAXA space History, Technology MHI Technologies and Products Have Continued to Astound and From MHI’s early beginnings in Nagasaki Shipyard & Machinery Works, the company’s business domains have Product spread from the ocean to land, air and even space. MHI will continue to broaden its business territories in search of ever-greater possibilities of monozukuri. Trends 2009 Successful launch of first international • space station H-II transfer vehicle (HTV) “Kounotori” 1975 1986 2007 2009 2012 Successfully launched Successfully launched Launch services of H-IIA Successful launch of first Started launch services • the first N-I Launch • the first H-I Launch • Launch Vehicle privatized. • H-IIB Launch Vehicle with • for H-IIB Launch Vehicle, in Vehicle Vehicle Launch services of first the greatest lift capacity in addition to H-IIA. Services H-IIA after privatization was Japan now able to handle larger successful. satellites.

sky Photo by Mitsubishi Aircraft Corporation 1939 1963 1978 1996 2007 2007 Produced the Zero Carrier Fighter First flight of the MU-2 Turboprop First flight of the MU-300 First flight of the “Global Express” Business Determined potential customers for First Boeing 787 main wing box • • Business Aircraft • Business Jet • Jet, jointly developed with Bombardier • the MRJ and launched marketing • shipped activities

2009 2009 2011 1918 1946 1970 Dubai Metro – the world’s longest Introduction of the world's first First mass-produced Type-10 Built passenger car, “Mitsubishi Shifting to civilian production after Opened the Shonan Monorail, Japan’s • • • • • • 1997 2004 unmanned, fully automatic rail system – hybrid forklift, the “GRENDiA Ex tank completed Automobile Model A” the war, produced the Silver first suspended monorail system for 2003 Developed the world’s first high begins operations in Dubai Hybrid,” with an engine comprising Pigeon motor scooters commuter use Completed the world’s first • dry-cut gear cutting system, Developed • precision four-dimensional radiation MHI's own lithium-ion which uses no cutting fluid • “wakamaru,” a therapy system rechargeable batteries communication robot

land

1999 Completed the “Tatara Bridge”, 2002 1931 • Japan’s longest cable-stayed bridge Developed the world’s fastest (90,000 Manufactured Japan’s first • copies/hr) newspaper offset press 2006 • domestically produced tank, the Developed and sold the world’s Type 89 medium tank 1971 1985 • first mass-production machine 2011 2011 Delivered the No.1 Fertilizer Plant Delivered the world’s largest combined cycle for bonding wafers at room Developed a container-configured A “J-Series” gas turbine, with the • to Iraq • power plant (, Higashi temperature • 1.5MW gas engine generator set • world’s highest efficiency, achieved the Niigata No. 3, unit 2; 545,000kW) ”MEGANINJA,” which can begin power world’s highest turbine inlet generation within 24 hours of its arrival at temperature of 1,600 degrees Celsius the installation site. (℃) during the verification test.

1999 2000 Delivered a CO2 Delivered a refuse incineration plant with • recovery plant to • the world’s largest throughput to Malaysia Singapore 1968 1970 2004 2008 2009 Delivered the industry’s first Kansai Electric Power Mihama No.1 Developed a high-efficiency centrifugal Implemented world’s first Commercial operation of Reactor 3 at the • supercritical pressure boiler, Chubu • PWR nuclear power plant went on line • chillers • Integrated coal • Hokkaido Electric Power Company’s Tomari Electric Power Chita No. 3 (1,700t/h) Gasification Combined Nuclear Power Plant begins 1884 1908 Cycle (IGCC) system Founding. Leased the Nagasaki Built the “Tenyo Maru,” Japan’s first • Shipyard from the government, and • large passenger liner. Its gross tonnage was over started a shipbuilding business 10,000 tons, a shipbuilding industry record.

sea

1887 1929 1942 1968 1983 1990 1993 2011 Launched Japan’s first steel Launched the passenger ship Built the world’s largest battleship Japan’s first container ship, Delivered the first Completed Japan’s largest luxury cruise Delivered the destroyer “Kongo” Completed development of the new-generation • steamship, the “Yugao Maru” • “Asama Maru” • “Musashi” • the “Hakone Maru” • MOSS type LNG • ship, the “CRYSTAL HARMONY” • • LNG carrier “SAYAENDO” tanker 1989 2005 Completed the “Shinkai 6500,” Constructed deep sea drilling vessel • the deepest-diving submersible • “CHIKYU”, which has the capacity to drill 7,000m research vehicle under the seabed

Future

1880 - 1945 1946 - 1963 1964 - 1990 1991 - Present

Building a Transportation Infrastructure from Roots in Shipbuilding Supporting Post-War Recovery with Consumer Products Merging of Three Heavy Industry Companies Supporting a Sustainable Society MHI’s monozukuri began with the lease of Nagasaki Shipyard & Machinery Works from the Ministry After the war, in accordance with national policy, MHI shifted its emphasis from military Leads to Large-Scale Development as a Comprehensive Infrastructure Company of Industry. Even as the company built Japan’s first steel steamship and battleships, it applied the hardware to the development and manufacture of scooters, air conditioners, and many Technology In 1964, the same year Tokyo hosted the Summer Olympics, the three principal heavy industry companies MHI has always sought high efficiency, and as the trend toward global environmental conservation gains technologies and knowledge cultivated in those endeavors to begin production of automobiles and other types of consumer products. In 1950, in line with the GHQ’s policy of dissolving reunited, creating the current form of Mitsubishi Heavy Industries. Its products expanded to encompass momentum and the concept of ecology becomes commonplace, the company’s gas turbine, eco-ship Timeline aircraft, expanding its range of business as a comprehensive manufacturer of transport equipment. large industrial groups (zaibatsu), MHI was divided into three independent companies. As the fields of land, sea and air, and included oil-drilling rigs, power plants, tankers and bridges. In addition, and other technologies and product fields are expanding on a global scale. As a comprehensive As global tensions rose, the company entered into an age where its technologies — more advanced a result, the scale of products grew more diverse, and the three companies fell into the successful lift-off of the H-I launch vehicle occurred around this time, and the company’s participation infrastructure company, MHI works to develop the technologies and products that will support a than in most countries at that time — would be diverted to military use. competition. However, this technology race would provide the foundation for the leading in full-fledged space development began. sustainable society. company in heavy industry. Technology Topics •Diesel Engine Invented (1895) •The Wright Brothers’ First Flight (1903) •Jet Engine Invented (1937) •The Instant Camera (1947) •Integrated Circuit (1958) •Yuri Gagarin Becomes First Man in Space (1961) •Quartz Wristwatch (1967) •Apollo Manned Lunar Landing (1969) •Compact Disc (1980) •Popularization of the Internet (1995) •Hybrid Car Released (1997) •Blu-ray Disc (2002)

18 19 Responding to the Quality Demands of the Era Main Domestic Group Companies & Business Content Sales Design, Construction, Operating and Manufacture Real Estate Main with an Extensive Network and Refined Technologies Company After-Sales and and Domestic MHI’s production sites support monozukuri at a much more advanced stage than the global average, and its Service Construction Others Locations approximately 60 main domestic Group companies provide these technologies and products in the form of a Energy & Environment wide range of solutions. MHI Group production sites and companies work in close cooperation and respond to Mitsubishi Hitachi Power Systems, Ltd. ● the needs of society with a comprehensive system that encompasses everything from product development and Mitsubishi Hitachi Power Systems Precision Casting Co., Ltd. ● manufacture to sales and services. Mitsubishi Hitachi Power Systems Engineering Co., Ltd. ● Mitsubishi Hitachi Power Systems Inspection Technologies, Ltd. ● MHPS Control Systems Co., Ltd. ● Mitsubishi Hitachi Power Systems Gas Turbine Service Co., Ltd. ● Babcock-Hitachi K.K. ● ● ● Bab-Hitachi Industrial Co. ● ● Takasago Machinery Works Kobe Shipyard & Machinery Works Sagamihara District Bab-Hitachi Business Corporation ● ● Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. ● Plants Main Plant Plants Main Plant Futami Plant Plants Main Plant Chitose Plant • • • • • MHI Nuclear Engineering Co. Ltd. ● Product Lines Product Lines Product Lines Nuclear Plant Service Engineering Co., Ltd. Pumps, Centrifugal Chillers Nuclear Power Plants, Diesel Engines, Gas Engines, Generator Sets, ● Marine Development Equipment, Cogeneration Systems, Turbochargers, Nuclear Power Training Center, Ltd. ● Affiliated Domains Hokkaido Office Special Vehicles, Naval Ship Engines Energy & Environment Land Transportation Systems, Seiryo Engineering Co., Ltd. ● Toll Collection Equipment, Submarines, Machinery, Equipment & Infrastructure Affiliated Domains E-Techno Ltd. ● Space Equipment, Cast Steel Products Integrated Defense & Space Systems Mitsubishi FBR Systems, Inc. Affiliated Domains Machinery, Equipment & Infrastructure ● Energy & Environment Commercial Aviation & Transportation Systems Commercial Aviation & Transportation Systems Mitsubishi Aircraft Corporation ● Mihara Machinery Works Integrated Defense & Space Systems MHI Aero Engine Service Co., Ltd. Plants •Main Plant •Wadaoki Plant Machinery, Equipment & Infrastructure ● MHI Aerospace Production, Ltd. Product Lines ● Land Transportation Systems, Air Brakes, Yokohama Dockyard & MHI Aerospace Logitem Co., Ltd. ● Maintenance Vehicles, Particle Accelerators Machinery Works MHI Shimonoseki Engineering Co., Ltd. ● Affiliated Domains Honmoku Plant Kanazawa Plant MHI Marine Engineering, Ltd. ● Commercial Aviation & Transportation Systems Tohoku Office Plants • • Machinery, Equipment & Infrastructure Product Lines Integrated Defense & Space Systems Wind Power Plants, Ship Repairs, Churyo Engineering Co., Ltd. ● Gas Engines, Diesel Engines MHI Special Vehicles Parts Supply & Technical Service Co., Ltd. ● Affiliated Domains Hiroshima Machinery Works Energy & Environment Machinery, Equipment & Infrastructure Commercial Aviation & Transportation Systems Mitsubishi-Hitachi Metals Machinery, Inc. ● Kan-on Plant Eba Plant Integrated Defense & Space Systems Plants • • Mitsubishi Heavy Industries Compressor Corporation ● Hokuriku Office MHPS Hitachi Works Machinery, Equipment & Infrastructure Product Lines Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. Compressors & Mechanical Drive Turbines, ● Mitsubishi Heavy Industries Mechatronics Systems, Ltd. ● Iron & Steel Manufacturing Machinery, MHPS Head Office Crane & Material Handling Systems, Takasago < Shinagawa > Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. ● Rubber & Tire Machinery, Works Mitsubishi Heavy Industries Plastic Technology Co., Ltd. Radiation Therapy Equipment, Kansai Head Office ● Yokohama Manufacturing Equipment for Semiconductor & Office < > Nagoya Guidance & Mitsubishi Heavy Industries Food & Packaging Machinery Co., Ltd. ● Flat Panel Display, Shikoku Office Propulsion Systems Works Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. ● Tank Dome for H-IIB Launch Vehicle, MHPS Yokohama Works Parts Manufacturing & Assembly for Aircraft Plants •Main Plant •Tashiro Field Laboratory Mitsubishi Heavy Industries Machinery Technology Corporation ● Mitsubishi Heavy Industries Engine Systems Co., Ltd. Affiliated Domains Product Lines ● Commercial Aviation & Transportation Systems MHPS Nagasaki Chugoku Office Missiles, Aircraft Engines, Rocket Engines, Mitsubishi Nichiyu Forklift Co., Ltd. ● Integrated Defense & Space Systems Works Space Systems, Control Equipment, Machinery, Equipment & Infrastructure Kyushu Mitsubishi Heavy Industries Automotive Thermal Systems Co., Ltd. ● Office Transmission Systems for Helicopters, Engine Test Cells, Hybrid IC for Heavy Environment MHI Sagami High-tech Ltd. ● Chubu Toyo Engineering Works, Ltd. ● Office Affiliated Domains Commercial Aviation & Transportation Systems Mitsubishi Heavy Industries Machine Tool Co., Ltd. ● Nagasaki Shipyard & Integrated Defense & Space Systems Machinery Works Mitsubishi Heavy Industries Transportation Equipment Engineering & Service Co., Ltd. ● Mitsubishi Heavy Industries Plant Construction Co., Ltd. ● Main Plant Koyagi Plant Plants Mitsubishi Heavy Industries Air−Conditioning and Refrigeration Corporation •Saiwaimachi• Plant Isahaya Plant ● • • Mitsubishi Agricultural Machinery Co., Ltd. ● Product Lines Shipbuilding, Ship Repairs, Naval Ships, Nagoya Aerospace Systems Works Mitsubishi Agricultural Machinery Sales Co., Ltd. ● Wind Power Plants, Space Systems Ryono Asset Management Co., Ltd. ● Plants Oye Plant Tobishima Plant Affiliated Domains • South• Plant Ryono Factory Co., Ltd. ● Energy & Environment • Ryoju Cold Chain Co., Ltd. Commercial Aviation & Transportation Systems Product Lines ● Integrated Defense & Space Systems Commercial Aircraft, Fixed-Wing Aircraft, Lumiotec Inc. ● Helicopters, Space Systems Others Ritto District Affiliated Domains Ryoju Estate Co., Ltd. ● Commercial Aviation & Transportation Systems Nagoya Ryoju Estate Co., Ltd. Shimonoseki Shipyard & Plants •Main Plant Integrated Defense & Space Systems ● Machinery Works Kinki Ryoju Estate Co., Ltd. ● Product Lines Large Machines Hiroshima Ryoju Estate Co.,Ltd. ● Plants Enoura Plant Yamatomachi Plant ( Meirei District • • Vertical Precision Milling Machines, Horizontal Nishinihon Ryoju Estate Co., Ltd. ● Product Lines Boring Mill, etc.), Gear Cutting Machines Shipbuilding, Ship Repairs, (Hobbing Machines, Shaping Machines, Plants Main Plant MHI Finance Co., Ltd. ● • Iwatsuka Plant Aluminium-Alloy High-Speed Ships, Gear Grinding Machines, etc.), Product Lines Shunjusha Ltd. ● Hydraulic Machinery, Testing Systems, Special-purpose Machines, Commercial Use Air-Conditioners, Main Plant Shonan Monorail Co., Ltd. Air Preheaters, Deck Machinery, Cylindrical Grinding Machines, Residential Use Air-Conditioners, Heat Pumps, Plants • ● FRP Components High Precision Machining Centers, Heat Pump Module Chillers, Product Lines Daiya Building Service Co., Ltd. ● Wafer Bonding Machines, Precision Cutting Tools, Transportation Refrigeration Units, Power Transmissions, Air-Cooled Gasoline Engines, Tamachi Building Co., Ltd. ● Affiliated Domains Engine Valves, Scale Feedback Systems Applied Refrigeration Use Machinery Injection Molding Machines, Food Machinery Commercial Aviation & Transportation Systems Nagasaki Diamond Staff Co., Ltd. ● Integrated Defense & Space Systems Affiliated Domains Affiliated Domains Affiliated Domains Machinery, Equipment & Infrastructure Machinery, Equipment & Infrastructure Machinery, Equipment & Infrastructure Machinery, Equipment & Infrastructure Ryosei Service Co., Ltd. ● Ryoin Co., Ltd. ●

= 20 *MHPS Mitsubishi Hitachi Power Systems, Ltd. 21 Providing Reliable Technology from Japan to the World Main through an Established Global Network Overseas MHI promotes its business operations worldwide with approximately 60 main group companies located outside Locations of Japan, including 13 overseas offices. MHI will continue to expand its global business platform with the aim of becoming a company that can provide virtually any kind of service, anywhere in the world.

Europe North America China Companies11 Middle 2 Offices East Companies14 Companies13 Total Main Overseas Group Companies Company1 1 Office 62 4 Offices Asia Overseas Offices and Representatives 13

Companies16 5 Offices and Representatives

Africa Latin Oceania America Company1 1 Office Asia Companies2 4 Companies Overseas Offices and Representatives • Representative Office for Asia Pacific Middle East • Hanoi Liaison Office • Ho Chi Minh City Liaison Office North America Overseas Offices • Kuala Lumpur Liaison Office • Istanbul Liaison Office • Jakarta Liaison Office Overseas Network, etc. Europe • Basra Liaison Office Overseas Network, etc. • Mitsubishi Heavy Industries America, Inc. • Dubai Office • Mitsubishi Heavy Industries, (Hong Kong) Ltd. • MHI Capital America, Inc. Overseas Offices • Abu Dhabi Office • Mitsubishi Heavy Industries India Private Ltd. Energy & Environment • Moscow Liaison Office Energy & Environment • MHI Korea, Ltd. • Mitsubishi Hitachi Power Systems Canada, Ltd. • Kiev Liaison Office • MHI Power Systems Saudi Arabia, LLC • Mitsubishi Heavy Industries Philippines, Inc. • Mechanical Dynamics & Analysis, Ltd. Overseas Network, etc. • ＭHI Capital Asia Pacific Pte. Ltd. • MHI Nuclear North America，Inc. ( ) • MHI International Investment B.V. China • Mitsubishi Heavy Industries Thailand Ltd. • MHI Wind Power Americas, Inc. • Mitsubishi Heavy Industries Europe Ltd. Energy & Environment • Mitsubishi Hitachi Power Systems America - Energy and Environment, Ltd. Energy & Environment • Babcock-Hitachi (Philippines) Inc. • Mitsubishi Hitachi Power Systems Americas, Inc. Overseas Offices • Donges Steeltec GmbH • Mitsubishi Heavy Industries Engineering & Services Private Ltd. • PW Power Systems, Inc. ・Taipei Office • Meeraner Dampfkesselbau GmbH • MHI Power Systems Project (Thailand) Co., Ltd. Commercial Aviation & Transportation Systems Overseas Network, etc. • MH Power Systems Europe Service GmbH Machinery, Equipment & Infrastructure • MHI Canada Aerospace Inc. ・Mitsubishi Heavy Industries (China) Co., Ltd. • Mitsubishi Hitachi Power Systems Europe GmbH • Concast (India) Ltd. Machinery, Equipment & Infrastructure ・Mitsubishi Heavy Industries (Shanghai) Co., Ltd. • Turboden S.r.l. • Mitsubishi Heavy Industries India Precision Tools, Ltd. • Federal Broach Holdings, LLC Energy & Environment • Mitsubishi Power Systems Europe, Ltd. • Mitsubishi Caterpillar Forklift Asia Pte Ltd. • Mitsubishi Caterpillar Forklift America Inc. ・Mitsubishi Heavy Industries BFG Gas Turbine Service (Nanjing) Co., Ltd. Machinery, Equipment & Infrastructure • Mitsubishi Heavy Industries Engine System Asia Pte. Ltd. • Mitsubishi Engine North America, Inc. ・Mitsubishi Heavy Industries Dongfang Gas Turbine (Guangzhou) Co., Ltd. • Mitsubishi Caterpillar Forklift Europe B.V. • MHI Automotive Climate Control (Thailand) Co., Ltd. • Mitsubishi Heavy Industries Climate Control, Inc. ・Dalian Hitachi Machinery & Equipment Co., Ltd. • Mitsubishi Turbocharger and Engine Europe B.V. • Mitsubishi Heavy Industries - Mahajak Air Conditioners Co., Ltd. • Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd. Machinery, Equipment & Infrastructure • Mitsubishi Turbocharger Asia Co., Ltd. ・MHI Engine System Hong Kong Ltd. Latin America ・MHI Machine Tool Hong Kong Ltd. Africa ・MHI Residential Air-conditioners (Shanghai) Co., Ltd. Oceania Overseas Network, etc. ・Mitsubishi Heavy Industries (Changshu) Machinery Co., Ltd. • Mitsubishi Heavy Industries de Mexico, S.A. de C.V. Overseas Offices ・Mitsubishi Heavy Industries Air-conditioners (Shanghai) Co., Ltd. Overseas Network, etc. • Mitsubishi Industrias Pesadas do Brasil Ltda. • Johannesburg Office ・Mitsubishi Heavy Industries Forklift (Dalian) Co., Ltd. • Mitsubishi Heavy Industries Australia, Pty. Ltd. • MHI Business Solution de Mexico, S.A. de C.V. Energy & Environment ・Mitsubishi Heavy Industries-Haier (Qingdao) Air-Conditioners Co., Ltd. Machinery, Equipment & Infrastructure Energy & Environment • Mitsubishi Hitachi Power Systems Africa (Pty) Ltd. ・Mitsubishi Heavy Industries-Jinling Air-Conditioners Company, Ltd. • Mitsubishi Heavy Industries Air-conditioners Australia, Pty. Ltd. • CBC Industrias Pesadas S.A.

22 23 As of April 1, 2014 Energy & Environment Outline Capitalizing on Synergetic Advantages Afforded by the Management & Administration Division of Quality Assurance Integration Division the Company Four Domain Axes to Meet Higher Level Needs of Society Business Division Business Development Solution Dept.

Nuclear Energy Systems Division Organization Chart Chemical Plant & Infrastructure Division Renewable Energy Business Division Mitsubishi Hitachi Power Systems, Ltd. Board of Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. Directors Board of Statutory Auditors

Statutory Auditors Commercial Aviation & President, Executive Transportation Systems CEO Committee Statutory Planning & Administration Dept. Auditors' Office Consolidated Results Strategic Planning Dept. Procurement Dept. Company Name Mitsubishi Heavy Industries, Ltd. Corporate Planning Dept. Orders received Business Strategy Office Quality & Safety Assurance Division Corporate Communication Dept. Business & Marketing Division • (bil.yen) 4,000 Management Audit Dept. Engineering Steering Dept. Production Management Dept. 3,420.0 Executive Secretariat Dept. Foundation July 7,1884 3,188.8 3,032.2 CAO / CRO MRJ Program Dept. 3,000 2,995.4 Legal & General Affairs Dept. Shipbuilding & Ocean Development Division 2,476.2 Human Resources & Labor Relations Dept. 2,000 Land Transportation Systems Division Managerial & Finance Planning Dept. January 11,1950 Commercial Airplanes Division Establishment (Date of foundation of Nakanihon Heavy Industries, Ltd. Global Finance & Accounting Dept. 787 Division MHI legally took over this company.) 1,000 CFO Financial Management Division Commercial Aero Engines Dept. 0 Procurement & Sourcing Dept. Mitsubishi Aircraft Corporation (FY) 2009 2010 2011 2012 2013 Technology & Innovation Research & Development 265.6 bil. yen Headquarters Centers *1 Integrated Defense & Capital (As of March 31, 2014) CTO ICT Solution Headquarters Space Systems

Chief Regional Officer, Latin America Planning & Administration Dept. Integrated Defense Systems Dept. Net sales Chief Regional Officer, China Procurement Dept. 3,420.0 bil. yen (bil.yen) Chief Regional Officer, India Orders Received (Consolidated basis, April 1, 2013 - March 31, 2014) • Global Business Planning & Business Development Division Operations Headquarters Chief Regional Officer, Asia Pacific 4,000 Aircraft Division 3,349.5 Domestic Offices *2 Guidance & Propulsion Division 3,000 2,940.8 2,903.7 2,820.9 2,817.8 Overseas Offices *3 Space Systems Division Net Sales 3,349.5 bil. yen (Consolidated basis, April 1, 2013 - March 31, 2014) Nagasaki Shipyard & Machinery Works 2,000 Special Vehicle Division Shimonoseki Shipyard & Machinery Works Naval Ship Division 1,000 Hiroshima Machinery Works Maritime & Space Systems Dept. Mihara Machinery Works Business Domains 4 0 Kobe Shipyard & Machinery Works Machinery, Equipment & (FY) Infrastructure 2009 2010 2011 2012 2013 Takasago Machinery Works Business Strategy Division Nagoya Aerospace Systems Works • CEO : Chief Executive Officer Procurement Dept. • : Nagoya Guidance & Propulsion Systems Works Research & Development Centers CFO Chief Financial Officer Quality Management Division 6 • CAO : Chief Administrative Officer Iwatsuka Plant Production Management Division Sales ratio by domain (April 1, 2013 - March 31, 2014) • CRO : Chief Risk Officer • CTO : Chief Technology Officer Yokohama Dockyard & Machinery Works Engine Division

• Others Automotive Parts Division 2% Works & Plants 10 *1 Research & Development Centers *2 Domestic Offices *3 Overseas Offices Air-Conditioning & Refrigeration Division Advanced Technology Research Center Kansai Office Representative Office for Asia Pacific Machine Tool Division Nagasaki Research & Development Center Chubu Office Moscow Liaison Office Takasago Research & Development Center Kyushu Office Kiev Liaison Office Hydraulics & Machinery Division Hiroshima Research & Development Center Hokkaido Office Istanbul Liaison Office Mitsubishi Heavy Industries Compressor Corporation Machinery, Energy & Yokohama Research & Development Center Chugoku Office Basra Liaison Office Domestic Offices 8 Equipment & Environment Nagoya Research & Development Center Tohoku Office Dubai Office Mitsubishi-Hitachi Metals Machinery, Inc. Infrastructure 37% Hokuriku Office Abu Dhabi Office Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. Shikoku Office Johannesburg Office 33% Mitsubishi Heavy Industries Mechatronics Systems, Ltd. Taipei Office Mitsubishi Heavy Industries Machinery Technology Corporation Hanoi Liaison Office Ho Chi Minh City Liaison Office Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. Overseas Offices 13 Kuala Lumpur Liaison Office Mitsubishi Heavy Industries Food & Packaging Machinery Co., Ltd. Jakarta Liaison Office Mitsubishi Heavy Industries Plastic Technology Co., Ltd. Mitsubishi Agricultural Machinery Co., Ltd. Overseas Network 80,583 Mitsubishi Heavy Industries America, Inc. Mitsubishi Heavy Industries (China) Co., Ltd. Mitsubishi Heavy Industries India Private Ltd. Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. (Consolidated basis, as of March 31, 2014) Mitsubishi Heavy Industries de Mexico, S.A. de C.V. Mitsubishi Heavy Industries (Shanghai) Co., Ltd. Mitsubishi Heavy Industries Philippines, Inc. Mitsubishi Heavy Industries Transportation Equipment Engineering & Service Co., Ltd. Employees Integrated Defense & Commercial Aviation & Mitsubishi Industrias Pesadas do Brazil Ltda. Mitsubishi Heavy Industries, (Hong Kong) Ltd. Mitsubishi Heavy Industries (Thailand) Ltd. 22,147 Space Systems Transportation Systems Mitsubishi Heavy Industries Europe Ltd. MHI Korea, Ltd. Mitsubishi Heavy Industries Australia, Pty. Ltd. Mitsubishi Heavy Industries Automotive Thermal Systems Co., Ltd. (Non-consolidated basis, as of March 31, 2014) 14% 14% Mitsubishi Nichiyu Forklift Co., Ltd.