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Fiscal 2015 News
Notice Regarding the Completion of an Absorption-Type Company Split for the Industrial Crane Business of the Subsidiaries of Both Sumitomo Heavy Industries, Ltd. and Mitsubishi Heavy Industries, Ltd.

October 01, 2015

                                                          Sumitomo Heavy Industries, Ltd.
                                   Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
                                                          Mitsubishi Heavy Industries, Ltd.
                                    Mitsubishi Heavy Industries Machinery Technology Corporation


Following the press release issued on May 8, 2015 entitled “Subsidiaries of Sumitomo Heavy Industries, Ltd. and Mitsubishi Heavy Industries, Ltd. Conclude Absorption-Type Company Split Agreement for Industrial Crane Business”, Sumitomo Heavy Industries Material Handling Systems Co., Ltd. (hereinafter referred to as “SHI Material Handling Systems”), a consolidated subsidiary of Sumitomo Heavy Industries, Ltd. (hereinafter referred to as “SHI”), and Mitsubishi Heavy Industries Machinery Technology Corporation (hereinafter referred to as “MHI Machinery Technology”), a consolidated subsidiary of Mitsubishi Heavy Industries, Ltd. (hereinafter referred to as “MHI”), today announced that they have completed the absorption-type company split of their industrial crane (hereinafter, “crane”) business. Details of this move are provided below:

1. Objective
With this absorption-type company split, SHI Material Handling Systems will enhance its line-up of industrial cranes and related services, while at the same time expand its technical skills and know-how in the field. Together with a more efficient allocation of managerial resources, these measures will allow SHI Material Handling Systems to strengthen its ability to meet the demands of the Japanese market. In addition, by investing growth resources to overseas markets as well as new products and businesses in the future, SHI Material Handling Systems aims to maintain competitiveness in the crane business.

2. Overview of the Absorption-Type Company Split
1)Summary of Business Undergoing the Absorption-Type Company Split
 The crane business of MHI Machinery Technology
 (ladle cranes, overhead cranes, container cranes, gantry cranes, etc.)

(2) Method for Absorption-Type Company Split
 The business transfer was completed through an absorption-type company split whereby MHI Machinery
 Technology acted as the divesting company, and SHI Material Handling Systems acted as the absorbing
 company. MHI has acquired a 17.2% stake in SHI Material Handling Systems, and intends to continue to be
 involved in the crane business as a shareholder.

3. Overview of SHI Material Handling Systems
1) Company name
 Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
2) Head office location
 5/F Sumitomo Realty & Development Hibiya Building, 8-6 Nishi-Shinbashi 2-Chome, Minato-ku, Tokyo, Japan
3) Representative
 Katsuhide Yokota, President
4) Business description
 Manufacturing and sales of machinery for materials handling, logistics machinery, parking equipment,
 examination equipment, construction machinery, and other machinery for industrial and general applications
 and after-sales service
5) Capital
 JPY 480 million
6) Date established
 April 1, 1978
7) Major shareholder and shareholding
 Sumitomo Heavy Industries, Ltd. – 82.8%
 Mitsubishi Heavy Industries, Ltd. – 17.2%




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