Mitsubishi Heavy Industries to divest Logisnext, revises FY2025 forecast

Mitsubishi Heavy Industries (MHI) has resolved to privatize Mitsubishi Logisnext, its consolidated subsidiary, through an agreement with Japan Industrial Partners Inc. The transaction involves a tender offer for Mitsubishi Logisnext shares and warrants at 1,537 yen per share and 1,081 yen per share for treasury stock, aiming to delist Logisnext and divest it from MHI's consolidated scope. MHI's decision is part of its strategic focus on core businesses, with Logisnext seeking external partnership for enhanced growth.

As a result of this transaction, MHI anticipates recording an extraordinary gain of approximately 40 billion yen in its individual financial statements for the fiscal year ending March 2026. Conversely, a business reorganization loss of approximately 30 billion yen (after tax) is expected in the consolidated financial statements for the same period.

Consequently, MHI has revised its consolidated earnings forecast for fiscal year 2025 (April 1, 2025, to March 31, 2026). The revised forecast includes revenue of 4,750,000 million yen, a profit from business activities of 390,000 million yen, and a profit attributable to owners of parent of 230,000 million yen, reflecting the reclassification of Logisnext's business as discontinued operations.