Mar. 30, 2017

NTT DATA CORPORATION
Mitsubishi Heavy Industries, Ltd.

Tokyo, March 30, 2017 - NTT DATA Corporation and Mitsubishi Heavy Industries, Ltd. (MHI) have concluded a basic agreement on establishing a new company, to be based on the existing MHI Information Systems Co., Ltd. (MHIIS), a wholly owned MHI subsidiary, following an agreement the two parties reached earlier on a roadmap for strengthening MHIIS’s functions and organization. Detailed discussions are now underway toward the new enterprise’s creation.

NTT DATA, under the banner of its new medium-term business strategy - “ASCEND: Rise and grow our global brand” - is currently aiming toward further growth to the company’s “Global 2nd Stage,” a phase in which NTT DATA will serve both as a partner in information technology (IT) and as a business partner to customers who are seeking to transform their businesses through IT. By establishing a long-term partnership with MHI, NTT DATA is looking to make robust contributions to digitalization and globalization in the years ahead, starting with provision of more advanced IT services.

MHI on its part is eager to tie up with NTT DATA, with its abundant track record in network services and system integration operations, in a quest to achieve more advanced IT services and stronger global response capability more swiftly and efficiently by applying NTT DATA’s technological and organizational strengths. In particular, MHI is seeking to boost the formation, operation and maintenance of the MHI Group’s IT infrastructure and develop its business process applications, to cope with the manufacturing industry’s increasingly rapid digitalization and globalization.

NTT DATA and MHI are now targeting establishment of their new company effective October 1, 2017. Discussions will focus on the particulars for NTT DATA’s acquisition of a majority stake in the new enterprise after MHI sets up a preparatory company and transfers MHIIS’s business to the new company.

Outline of MHI Information Systems Co., Ltd. (as of March 30, 2017)

Corporate name

MHI Information Systems Co., Ltd. (MHIIS)

Head Office

13-34, Konan 2-chome, Minato-ku, Tokyo

President

Shuji Karasuda

Business scope

Operation and maintenance of IT infrastructure, development of business process applications, etc. for the MHI Group

Employees

883

Capitalization

¥40 million (wholly owned by Mitsubishi Heavy Industries, Ltd.)

Establishment

July 1, 2013

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