In its long journey together with customers, partners, other individuals andsocieties since its foundation in 1884, Mitsubishi Heavy Industries (MHI) has sought topioneer new approaches in manufacturing. These efforts have yielded many products thathave enriched the lives of people around the world, and through them MHI has contributedto the development of societies.

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 revolutionhas transformed the recovery and growth of the U.S. economy. If the MHI Group isto establish its value to society in this environment, we must maintain all aspects ofour operations our technological capabilities, price competitiveness, customer services and earning strength at a top level internationally.

The MHI Groups turnover stands at approximately 3 trillion yen. However, to build new 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 whichwe require and concepts from external sources that will benefit us, and to shift toglobal standards of thought and techniques, while still maintaining a corporate culture thataffirms the high technological level and constant drive for improvement thatembody the strengths of the MHI Group.

We will also aim to make the most of our strengths by working with excellent partners tonurture 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 anassured future where people can live safe, secure and enriched lives through technologiesthat 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.

Message from the President

Shunichi Miyanaga, President and CEO

As a Manufacturer, the MHI GroupProvides an Assured Future throughTechnologies and Passion

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The Means to Connect

Creating New Potential for the Planetwith Future-Focused Monozukuri

Energy & Environment Domain

The Challenge to Generate

Machinery, Equipment& Infrastructure Domain

Commercial Aviation& Transportation Systems Domain

The Power to Progress

The Technology to Safeguard

Integrated Defense& Space Systems Domain

Future

Sales ratioby domain

Energy and resource depletion, global warming, food and water shortages,regional disparity, environmental pollutionAt Mitsubishi Heavy Industries, our focus is on the resolution of these and other world problemsin 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 offour business domains.MHI has taken the first step toward becoming a corporation with an undeniable global presence,one that will draw out the planets potential the first step toward ensuring a secure future.

Aiming to become a highly profitable companywith a business scale of 5 trillion yen

2013

Energy & Environment offers optimal solutions in theenergy-related fields of thermal power, nuclear power andrenewable energy, in such environmental areas as waterand flue gas treatment, and for chemical plants and otherindustrial infrastructure elements. By integrating large-scaleinfrastructure projects that support society, MHI generatesnew power for the future.

Machinery, Equipment & Infrastructure provides a widerange of products that form the foundation of industrialdevelopment, such as machine tools, material handling,construction machinery, air-conditioning and refrigerationsystems. MHI applies its vast business endeavors and highreliability as a corporation that supports social and industrialinfrastructure to connect people to people, businesses tobusinesses, and the present to the future.

Integrated Defense & Space Systems provides integratedland, sea, air and space defense systems, including navalships, defense aircraft, launch vehicles and special vehicles,as well as space-related services. MHI uses the technologyand expertise cultivated in its defense and space businessto provide security on the planet.

Commercial Aviation & Transportation Systems deliversadvanced land, sea and air transportation systems, includingcivilian aircraft, commercial ships and transit networks. MHImoves society, supporting its transportation and logisticsinfrastructures with superior safety, guaranteed quality andreliability backed by technology.

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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.

Providing the world with optimum solutionsas a global leader in the fields of energy and environment.

Energy & Environment

Generating Sustainable Energy Sourcesfor Tomorrows Society

GTCCLarge Conventional Plant & ServiceIndustrial Conventional Plant & ServiceOnshore Wind TurbineOffshore Wind TurbinePhotovoltaic Power SystemMarine Diesel EngineMarine MachineryPump & Hydro Turbine

Power Generation Project DevelopmentNuclear TurbinesNew Products Desalination Plant Geothermal Power Plant SOFC Lithium-ion BatteryNuclear Power Plant (Domestic)Nuclear Power Plant (Global)

Nuclear Fuel Cycle & Advanced SolutionsChemical PlantEnvironmental Plant

Nuclear power generation does not createCO2 emissions. MHI is contributing to thestable supply of power as a worlds leadingintegrated plant manufacturer and isexpanding its comprehensive lineup ofpressurized water reactor plants, majorequipment and other world-class technologyfor Japan and overseas as well.

Nuclear Energy SystemsMHI fills a worldwide range of industrial infrastructure needs by providing safe and highly reliable fertilizer, methanol and petrochemical plants; oil and gas plants; water treatment, seawater desalination and CO2 recovery plants; and LNG tanks and receiving terminals.

Chemical Plant & InfrastructureMHI provides large wind turbines, a wide variety of pumps and other low-environmental-impact energy technologies. The company also plans to start mass production of offshore wind power generation equipment in the European market. By bringing together technology from various fields, we aim to realize a low-carbon society.

Renewable EnergyMHI-brand marine products are found in approximately half of the worlds large merchant fleets. The company and its licencees produce UE engines, MET turbochargers and other various marine machineries providing total solutions for marine transport with emphasis on energy savings and eco-friendliness.

Marine Machinery & EnginesMitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd.

SBU

Thermal Power SystemsMitsubishi Hitachi Power Systems, Ltd.

In February 2014, MHI and Hitachi, Ltd. established Mitsubishi Hitachi Power Systems,Ltd. as a joint enterprise. The companyprovides GTCC and a diverse lineup of gasturbines, strengthening its worldwide productbusiness and working to resolve energy andenvironmental issues.

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MRJMitsubishi Aircraft Corporation

MHI is moving forward with developments in preparation for mass production of the next-generation regional jet, the MRJ*. By providing high operational economic efficiency, low environmental impact and a pleasant environment for passengers, MHI is aiming to help airlines improve their competitiveness and profitability.Photo by Mitsubishi Aircraft Corporation

In todays society, transportation infrastructures dont 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 developmentfrom the perspective of movement.

Faster, safer, more efficient.Striving for ideal transportation.

Commercial Aviation & Transportation Systems

Keeping Society Moving Actively inEvery Field on Earth

Shipbuilding & Ocean DevelopmentMHI draws upon more than a century oftradition and technology compiled over itslong history to design and build commercialships, special-purpose vessels and offshoremarine structures capable of meeting a widerange of needs. Outstanding performanceand economic efficiency ensure thesevessels sail throughout the worlds oceans.

Land Transportation SystemsMHI is expanding its business both at home and abroad with high-speed r