Oct 25, 2016 16:49 JST

Source: Mitsubishi Heavy Industries, Ltd.

MHI Publishes Integrated "MHI Report 2016"
- Multifaceted Presentation of Progress with Medium-Term Business Plan and Strengthening of Risk Management -

TOKYO, Oct 25, 2016 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has published its "MHI Report 2016", an integrated report for promoting broad ranging dialog with stakeholders, incorporating information from MHI's Annual Report and CSR Report. It outlines MHI's approach to value creation over the long-term and its main theme is risk management, with initiatives in this area discussed in detail. It also outlines progress towards the company's medium-term business plan, FY2015 financial results and various social and environmental initiatives, all presented in a simple and comprehensive format.

The "MHI Report 2016" is the third integrated report produced by the company, and was made in accordance with the International Integrated Reporting Framework, by the International Integrated Reporting Council (IIRC). It is divided into four sections, focusing on the company's efforts to create corporate value. These are: "Our Path to Sustainable Growth", "Management Strategies", "Achievements and Strategies for Value Creation through Our Business" and "Building a Framework for Value Creation".

 


The lead section introduces MHI's history and explains the results and challenges of recent business reform efforts, as well as activities to further enhance engineering capabilities and risk management.

In the Management Strategies section, MHI CEO Shunichi Miyanaga outlines progress made with the 2015 Medium-Term Business Plan, a three-year plan launched in fiscal 2015, and with various growth and reform initiatives. He also provides background on MHI's approach to growth drivers and risk management measures, explaining the company's commitment to strengthening risk management, improving risk verification skills and resilience at the management level, and increasing MHI's ability to solve problems when they occur.

In the CFO's Message section, financial strategies related to medium-term trends in financial conditions, portfolio management, cash flow management conditions and capital policies are presented.

For the first time, a message from the CTO is included in the report, in which he outlines his desire to strengthen the engineering business, and the outlook for business applications. The CTO also explains efforts to utilize MHI's strong cross-sectional engineering expertise to overcome challenges and differentiate from competitors.

In the section titled Building a Framework for Value Creation, Shunichi Miyanaga (CEO), Naoyuki Shinohara (Board Member, Outside Director and Professor at the University of Tokyo) and Christina Ahmadjian (Outside Director, Audit and Supervisory Committee Member and Professor at Hitotsubashi University) discuss the topic of risk management and its necessity for boosting growth globally. Measures to strengthen corporate governance, development of human resources, and technology are also addressed.

Contact:
Mitsubishi Heavy Industries, Ltd.
Joseph Hood, PR Manager
Email: mhi-pr@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860

Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Daily News

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
March 28 2024 15:45 JST
 
Mitsubishi Logisnext Completes Demonstration of Automated Truck Loading, Leading to Start of Actual Operations in Japan
March 28 2024 12:52 JST
 
Mitsubishi Power Achieves #1 Global Gas Turbine Market Share in 2023
March 15 2024 17:34 JST
 
MHI Establishes GX Solutions Business Domain to Promote Energy Transition Business Growth Strategy
March 14 2024 12:30 JST
 
MHI Selected as Licensor of CO2 Capture Technology for Leading Low Carbon Hydrogen Production Project in Cheshire, UK
March 13 2024 10:30 JST
 
MHI Thermal Systems to Launch 31 Models of Residential-use Air-Conditioners for the Japanese Market in 2024
March 11 2024 15:35 JST
 
MHI Develops an Onboard AI-Based Object Detector Utilizing a Next-Generation Space-Grade MPU
March 06 2024 17:02 JST
 
MHI Thermal Systems to Add "Hydrolution PRO" Series of Air-cooled Heat Pump Chillers to its Product Lineup for the European Market
March 06 2024 16:05 JST
 
Mitsubishi Heavy Industries Invests in Fervo Energy, a US-Based Enhanced Geothermal System Startup
March 01 2024 20:10 JST
 
MHI Group Presents "Best Innovation 2023" Awards for Activities that Contribute to Protecting the Environment
February 21 2024 15:28 JST
 
More Press release >>

Latest Press Release


More Latest Release >>