Demonstration test equipment integrating SOEC co-electrolysis and FT synthesis

TOKYO, Feb 13, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has conducted a demonstration of an integrated production process for synthesizing liquid fuels from carbon dioxide, water, and electricity, successfully producing liquid synthetic fuels through an integrated production system. The demonstration was conducted at MHI's Research & Innovation Center (Nagasaki District). In this process, SOEC co-electrolysis(1) is employed to produce hydrogen and carbon monoxide, which are then used as the feedstock for production of liquid synthetic fuels using Fischer-Tropsch (FT) synthesis equipment.(2) A chemical analysis of the synthesized liquid fuel confirmed that the demonstration had obtained components suitable for sustainable aviation fuel (SAF).

Co-electrolysis is a process for electrolysis of both water vapor and carbon dioxide, allowing for simultaneous production of hydrogen and carbon monoxide, which are the feedstock for synthetic fuels. In addition, MHI is utilizing its proprietary technology to develop a tubular type SOEC cell stack.(3) Co-electrolysis in this SOEC cell stack is expected to simplify the process and improve economic efficiency through highly efficient electrolysis, supporting the production of cost-competitive synthetic fuels.

The International Civil Aviation Organization (ICAO) has set a target to achieve net-zero CO2 emissions in the international aviation sector by 2050.(4) To meet this target, low-carbon fuels such as SAF and carbon credits are expected to account for more than 70% of the offsetting and reduction , so the demand for SAF is forecast to increase significantly worldwide. MHI aims to offer high value-added SAF production systems that combine SOEC co-electrolysis with existing FT synthesis processes.

In addition to SAF, the hydrogen and carbon monoxide produced by SOEC co-electrolysis can also be used as feedstock for carbon-neutral synthetic fuels for automobiles and ships (gasoline, diesel fuel, methanol, methane), as well as city gas (methane). The many applications of SOEC co-electrolysis make it a promising technology, with potential to offer a broad range of options for the realization of a decarbonized world.

Going forward, MHI will utilize the knowledge gained from this demonstration to establish and implement decarbonization technologies at an early stage, and contribute to the realization of a sustainable, carbon-neutral world.

Processes and products derived from synthetic gas

Road map for synthetic fuel production technology (SOEC co-electrolysis) development

(1) "SOEC (Solid Oxide Electrolysis Cell) co-electrolysis" is a technology that uses solid oxides as electrolytes to simultaneously electrolyze carbon dioxide and water vapor at high temperatures. See the following Technical Review for details. https://www.mhi.com/technology/review/pdf/e623/e623040.pdf

(2) "FT (Fischer-Tropsch) synthesis" is a technology to generate chemical reactions in hydrogen and carbon monoxide to produce liquid hydrocarbons. It is named after the German chemists Franz Fischer and Hans Tropsch.

(3) Multiple ceramic functional membranes molded on the tubular surface. See the following Technical Review for details. https://www.mhi.com/technology/review/sites/g/files/jwhtju2326/files/tr/pdf/e621/e621030.pdf

(4) For more information on the ICAO's goals, see the following. https://www.icao.int/environmental-protection/long-term-global-aspirational-goal-ltag-international-aviation

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com

Tokyo and Kawasaki, Japan, Feb 12, 2026 - (JCN Newswire) - Lockheed Martin (NYSE: LMT) and Fujitsu Limited, a Japanese multinational leader in information technology solutions, finalized the first purchase order for a critical component of Japan’s Aegis System Equipped Vessel (ASEV)’s SPY-7 radar antenna.

A signing ceremony between the two companies formalized Fujitsu as a supplier for the SPY-7 Subarray Suite Power Supply Line Replaceable Unit (PS LRU), marking a significant step in co-production and Japanese industrial collaboration.

“Lockheed Martin’s collaboration with Fujitsu cements our commitment to establishing a Japan‑based supply chain for ASEV’s SPY‑7 radar that will keep the fleet mission‑ready for decades,” said Chandra Marshall, Vice President and General Manager at Lockheed Martin. “This is a continuation of our contribution and Fujitsu’s shared commitment to strengthening Japan’s defense capabilities.” 

In May 2025, the two companies signed a memorandum of understanding to establish Fujitsu as a source for the SPY-7 PS LRU. Lockheed Martin's SPY-7 solid-state radar technology allows users to respond to evolving threats with advanced detection and tracking capabilities, while enabling simultaneous engagement of multiple targets.

SPY-7 provides several times the performance of traditional SPY-1 radars and is being utilized by domestic and international customers around the world, including Japan. SPY-7 is also interoperable with other radars and platforms, including the Aegis Combat System.

“Fujitsu is honored to commence the mass production of the PS LRU, a critical component of the SPY-7 radar system and contribute to the strengthening of Japan’s defense sector domestic production and maintenance infrastructure,” said Kenichiro Miyazaki, SVP, Head of National Security Business Unit, Fujitsu Limited. “Fujitsu remains committed to solidifying Japan’s long-term defense capabilities and further enhancing Japan’s national security through this partnership with Lockheed Martin.” 

Securing a Japan‑based SPY‑7 supplier for the ASEV fleet highlights Lockheed Martin and Fujitsu’s joint dedication to elevating Japan’s defense strength and technological edge.

As the security environment in the Indo-Pacific region continues to evolve, the collaboration between Lockheed Martin and Japan will remain a critical factor in enabling regional security and prosperity.

Through a true partnership between Lockheed Martin and Japan’s defense community, both nations are strengthening Japan’s role in the Indo-Pacific and the broader regional security architecture. 

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.

About Fujitsu

Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers around the globe, our 113,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: AI, Computing, Networks, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$23 billion) for the fiscal year ended March 31, 2025 and remains the top digital services company in Japan by market share. Find out more: global.fujitsu

Press Contacts

Lockheed Martin

Asia – Shorbani Roy, TEL: +813-4563-8000
E-mail: shorbani.roy@global.lmco.com

U.S. – Audrey Spiteri, TEL: +1-203-402-9478
E-mail: audrey.m.spiteri@lmco.com

Fujitsu Limited
Public and Investor Relations Division
Inquiries

TOKYO, Feb 4, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI, TSE Code: 7011) announced that order intake increased 12.6% year-on-year to ¥5,029.1 billion in the three quarters ended December 31, 2025. Revenue rose 9.2% year-on-year to ¥3,326.9 billion, resulting in profit from business activities (business profit) of ¥301.2 billion, a 25.5% increase over the previous fiscal year, which represented a business profit margin of 9.1%. Profit attributable to owners of parent (net income) was ¥210.9 billion, an increase of 22.6% year-on-year, with a net income margin of 6.3%. EBITDA was ¥393.1 billion, a 21.0% increase over Q1-3 FY2024, with an EBITDA margin of 11.8%.

(billion yen, except where otherwise stated)

(Note) Q1-3 FY2024 results have been retroactively adjusted to reflect the planned sale of Mitsubishi Logisnext (ML) shares. For more information on the ML sale, please refer to the following press release published on September 30, 2025: ML Sale Announcement

(billion yen, except where otherwise stated)

(Note) Q1-3 FY2024 results on which YoY figures are based have been retroactively adjusted to reflect the planned sale of ML shares.

In Energy, order intake increased by ¥889.9 billion YoY mainly due to continued strong demand in Gas Turbine Combined Cycle (GTCC). Contracts for 31 large frame gas turbine units—up 15 units YoY—were concluded during Q1-3, the majority of which were from customers in North America and Asia. Revenue increased by ¥75.9 billion YoY; the largest gains were seen in GTCC, which continued to execute its sizeable backlog. Segment business profit decreased by ¥7.7 billion YoY mainly due to one-time expenses in Steam Power, which offset strong performance in GTCC from higher revenue and improved margins.

In P&I, order intake increased by ¥77.7 billion YoY due to the booking of a large project in Engineering. Revenue grew by ¥47.4 billion. Improved margins in Metals Machinery and Machinery Systems helped to raise segment business profit by ¥25.2 billion YoY.

In LT&D, revenue decreased by ¥27.6 billion YoY due to a decline in units sold in Turbochargers and Heating, Ventilation & Air Conditioning (HVAC). Steady performance in Engines on the back of strong demand in Asia, combined with the rebound from one-time expenses associated with a supply chain disruption in Turbochargers during the previous fiscal year, resulted in a ¥1.2 billion YoY increase in segment business profit.

In ADS, order intake decreased by ¥345.0 billion YoY due to a high base effect from large orders booked in Defense & Space during the previous fiscal year. Revenue increased by ¥201.6 billion YoY, mainly in Defense & Space, where steady progress in backlog execution continued. Increased revenue and higher margins in Defense & Space and Commercial Aviation served to increase segment business profit by ¥35.6 billion YoY.

FY2025 Earnings Forecast

MHI revised its guidance for the period ending March 31, 2026, increasing the forecasts for order intake, business profit, net income, EBITDA, and FCF over the previous announcement made November 7, 2025, based on stronger-than-anticipated performance through Q3. The full-year dividend forecast of 24 yen per share was unchanged.

(billion yen, except where otherwise stated)

(Note) FY2024 results have been retroactively adjusted to reflect the planned sale of ML shares.

(billion yen, except where otherwise stated)

CFO Message

"In the first three quarters of this fiscal year, we continued to build on the strong performance I shared with you in our last release, with all major financial indicators up year-on-year, especially order intake and business profit," MHI Chief Financial Officer Hiroshi Nishio commented. Nishio continued, "Looking at individual businesses, GTCC drove strong order intake performance, booking 31 large frame gas turbine units mainly in North America and Asia. Demand for gas turbines remains high, particularly in the U.S., as communicated previously. Revenue was up especially in GTCC and Defense & Space, which are both executing some of the largest backlogs ever seen in our history. We also achieved remarkable growth in business profit as we offset one-time expenses in Steam Power with success in other businesses."

"On the back of this excellent progress through Q3," Nishio went on, "we have made upward revisions to our full-year order intake, business profit, net income, and FCF guidance. We are entering the final stretch of this fiscal year with renewed confidence, leveraging our historically high backlog to grow profit while continuing to win new orders—the source of future earnings expansion. As we aim to meet these updated targets, we ask our shareholders and other stakeholders to look forward to our next release later this year."

Attachment 1: Q1-3 FY2025 Financial Results
Financial Results
Attachment 2: Presentation Materials of Financial Results
Presentation Materials
Downloadable PDF of this press release
Press Release

Note regarding forward looking statements:

Forecasts regarding future performance outlined in these materials are based on judgments made in accordance with information available at the time they were prepared. As such, these projections include risk and uncertainty. Investors are recommended not to depend solely on these projections when making investment decisions. Actual results may vary significantly from these projections due to a number of factors, including, but not limited to, economic trends affecting the Company's operating environment, fluctuations in the value of the Japanese yen to the U.S. dollar and other foreign currencies, and trends in Japan's stock markets. The results projected here should not be construed in any way as a guarantee by the Company.

In response to U.S. tariff policy, the Company is pursuing mitigation strategies focused on cost passthroughs. As of the date of this release, the Company expects any impact on performance to be limited in nature.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com

Bethesda, United States, and Kawasaki, Japan, Feb 2, 2026 - (JCN Newswire) - Lockheed Martin and Fujitsu Limited today announced a new Memorandum of Understanding (MOU) to jointly accelerate technology development in several critical areas, leveraging Lockheed Martin’s integrated systems expertise and Fujitsu’s world-leading technologies and commercial scale to advance innovation of dual-use capabilities.

Through the MOU the companies plan to strengthen the technological foundation for dual-use solutions in quantum computing, edge computing enabled by advanced sensing and real-time data fusion, artificial intelligence and machine learning (AI/ML), advanced microelectronics, and multi-domain next-generation network solutions.

CTO Perspectives

“This collaboration accelerates technologies that are critical to meeting the future needs of our customers,” said Craig Martell, vice president and chief technology officer, Lockheed Martin. “Coupling the expertise of Lockheed Martin and Fujitsu across technology areas will be a force multiplier, advancing leadership in critical technologies like microelectronics, inference at the edge and quantum solutions. We look forward to our work together and delivering innovation with speed to our customers.

“We are honored to collaborate with Lockheed Martin, a leader in defense technologies, on the development of advanced ICT technologies for future dual-use applications,” said Vivek Mahajan, corporate executive officer, corporate vice president, and chief technology officer in charge of System Platform, Fujitsu Limited. “Through this collaboration, we aim to strengthen the competitive standing of both companies.”

A Continuing Collaboration

The MOU expands on a May 2025 agreement that selected Fujitsu as the supplier of Lockheed Martin’s SPY-7 Subarray Suite Power Supply Line Replaceable Unit, and established a strategic collaboration to strengthen Japan’s defense industrial base.

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.lockheedmartin.com

About Fujitsu

Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers around the globe, our 113,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: AI, Computing, Networks, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$23 billion) for the fiscal year ended March 31, 2025 and remains the top digital services company in Japan by market share. Find out more: global.fujitsu

Press Contacts

Lockheed Martin
Corporate Media Relations
301-214-3030
E-mail: media.relations@lmco.com 

Fujitsu Limited
Public and Investor Relations Division
Inquiries

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

The Award Ceremony（Left: MHI Thermal Systems, Right: MHI）

TOKYO, Jan 28, 2026 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has been recognized with awards at the 2025 Energy Conservation Grand Prize awards, organized by the Energy Conservation Center, Japan (ECCJ) and sponsored by the Ministry of Economy, Trade and Industry (METI). Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, received the Minister of Economy, Trade and Industry Award, the highest award in the Products and Business Models Category (Business Field), for its JHT-Y/JHT-YI series of large-capacity centrifugal chillers adopting a low-GWP refrigerant. In addition, the Oye Plant at the Nagoya Aerospace Systems Works, part of MHI's Commercial Aviation Systems segment, received the Agency for Natural Resources and Energy Commissioner's Award in the Energy Conservation Case Study Category (Transport Field) for its "Energy Conservation Activities to Achieve MISSION NET ZERO: Endeavors at an Aerospace Parts Factory." The award ceremony was held in Tokyo on January 28th.

The Energy Conservation Grand Prize awards are presented to Japanese companies, local governments, and educational institutions, recognizing examples of initiatives for energy savings, as well as highly energy-efficient products and business models. The awards aim to foster greater awareness of energy conservation, promote the widespread adoption of energy-saving products, and contribute to the realization of an energy-efficient world. MHI Thermal Systems has received awards numerous times, including the 2024 Agency for Natural Resources and Energy Commissioner's Award for its TEJ35AM electric-driven transport refrigeration unit for the ELF electric truck.(*1)

The JHT-Y (constant-speed type) and JHT-YI (inverter type), which received the Minister of Economy, Trade and Industry Award this time, are large-capacity centrifugal chillers that utilize the refrigerant HFO-1234yf, which has a very low environmental impact with a GWP(*2) of less than 1. Centrifugal chillers are heat source equipment that generate chilled water with high efficiency. The adoption of a newly designed compressor provides a rated COP(*3) of up to 6.4, while the inverter-equipped model achieves high-efficiency operation with an IPLV(*4) of 8.8, and a maximum COP of 24.9 at partial load. In addition, upgrading to this series from existing products using HFC refrigerants (a CFC substitute), which have high GWP ratings, can reduce electricity consumption and CO₂ emissions by approximately 20% per year. As a result, this series is widely adopted in factories and district heating and cooling systems for air-conditioning and industrial process applications.

The Oye Plant, which received the Agency for Natural Resources and Energy Commissioner's Award, is a historic production facility that includes buildings that are over 80 years old. Since the main wings and fuselages of commercial aircrafts are manufactured under strict quality control, there are many constraints on energy conservation. Under such conditions, in the wake of MHI Group's declaration to achieve its MISSION NET ZERO plan for carbon neutrality by 2040, MHI began implementing energy-saving initiatives under a new system from fiscal 2021. The first stage focused on eliminating waste by conducting energy-efficiency patrols monitoring all equipment in the plant, while in the second stage, the heat treatment furnaces were repaired and automated to enhance the thermal efficiency rate. For the third stage, cross-functional teams developed novel equipment diagnosis tools, and utilized a scientific approach to achieve overall optimization. As a result, in fiscal 2024, MHI achieved energy savings of 18% per unit of output,(*5) and CO₂ reductions of 4,200 tons, compared to fiscal 2021 levels. This efficiency scheme has been standardized, allowing it to be implemented at other locations. Promoting energy conservation with minimal investment while maintaining productivity and quality, the program was recognized for its sustainability, as well as its versatility and spillover effects.

Encouraged by these awards, MHI Thermal Systems and MHI will continue to develop technologies and products that further reduce CO2 emissions and contribute to energy efficiency. In addition, MHI Group will leverage the synergies generated by its broad range of business areas to further focus on providing optimal solutions that meet the diverse needs of customers.

(*1) For further information on MHI Thermal Systems' 2024 Energy Conservation Grand Prize, see the following press release. https://www.mhi.com/news/25013002.html
(*2) Global Warming Potential (GWP) is a coefficient of the greenhouse effect of a gas relative to carbon dioxide (CO2), which has a fixed GWP of 1.0. Smaller values indicate a lower greenhouse effect, and better environmental performance. For further information on the JHT-Y/JHT-YI series, see the following press release. https://www.mhi.com/news/220405.html
(*3) Coefficient of performance (COP) is a performance coefficient calculated based on Japanese Industrial Standards (JIS). Higher values indicate greater energy efficiency.
(*4) Integrated part load value (IPLV) is an indicator of the efficiency of air conditioning equipment during partial load operation. Higher values indicate greater energy efficiency.
(*5) Oil equivalent reduction of 2,074 kiloliters per year. The standardization of the practices at the Oye Plant and implementation at other MHI Group production facilities in Japan is expected to provide total reductions of up to 12,000 kiloliters per year.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

KAWASAKI, Japan, Jan 28, 2026 - (JCN Newswire) - Fujitsu Limited and Tokai National Higher Education and Research System (THERS) today announced the successful development of a new technology to predict solar radiation events [1] and their potential impact. The new technology combines probability estimation and the identification of past similar events based on Fujitsu's Wide Learning explainable AI technology which is part of the Fujitsu Kozuchi XAI service.

Solar radiation events have been difficult to predict using simple empirical methods based solely on solar flare magnitude. By leveraging AI, this technology extracts complex causal relationships and presents them in an explainable manner. Furthermore, by presenting past solar radiation events similar to those predicted, based on the extracted conditions, it allows for a comprehensive understanding of the actual impact on daily life and corresponding countermeasures that were implemented during those previous events.

With this new technology, Fujitsu and THERS aim to establish an environment for promptly determining future solar radiation risks and countermeasures based on scientific evidence, thereby facilitating optimal operational decisions regarding possible lethal threats to astronauts in activities like extravehicular operations, lunar base planning, and crewed transport for lunar and Martian missions.

Moving forward, Fujitsu and THERS will enhance the developed technology to protect vulnerable societal infrastructure including power grids, satellite communications, GPS, and polar flights from space weather impacts, thereby showcasing the efficacy of Fujitsu's Wide Learning and positioning it as a foundational technology for a sustainable and resilient society.

Figure: Impacts of solar activity and solar radiation events 

Overview of the new technology 

Solar activity, including flares and coronal mass ejections (CMEs) [2], impacts societal infrastructure by causing communication outages, degrading GPS accuracy, and inducing power grid currents. Additionally, solar radiation events, while more likely with larger solar flares, pose unpredictable and serious threats to astronauts and satellites due to a weak correlation between flare size and radiation dosage, meaning that even relatively small flares can potentially deliver lethal doses of radiation in space.

To address these challenges, Fujitsu and THERS have developed the following technologies to improve the accuracy of solar eruptive event predictions and provide scientific evidence for risk assessment in operational settings:

1. Technology for estimating the probability of solar radiation events using Wide Learning

• Utilizing conditions identified by Wide Learning, the technology automatically selects past solar radiation events that are most similar to current predictions 
• This enables operators to quickly understand not only event probabilities but also potential radiation levels and impacts by referencing data from analogous previous occurrences

2. Technology for presenting past similar events based on prediction evidence 

• Utilizing conditions identified by Wide Learning, the technology automatically selects past solar radiation events that are most similar to current predictions
• This enables operators to quickly understand not only event probabilities but also potential radiation levels and impacts by referencing data from analogous previous occurrences

About Fujitsu

Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers around the globe, our 113,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: AI, Computing, Networks, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$23 billion) for the fiscal year ended March 31, 2025 and remains the top digital services company in Japan by market share. Find out more: global.fujitsu

Press Contacts

Fujitsu Limited
Public and Investor Relations Division
Inquiries

TOKYO, Jan 26, 2026 - (JCN Newswire) - Japan LEO Shachu, Inc. ("Japan LEO Shachu", Head Office: Chuo City, Tokyo, President and CEO: Yudai Yamamoto), which was established by Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori), has implemented a third-party allocation of new shares, and Mitsubishi Heavy Industries, Ltd. ("MHI", Head Office: Chiyoda City, Tokyo, President and CEO: Eisaku Ito) and Mitsubishi Electric Corporation ("Mitsubishi Electric", Head Office: Chiyoda City, Tokyo, President and CEO: Kei Uruma) have conducted their subscription and investment procedures.

The International Space Station (ISS) has hitherto been developed and operated by the governments of 15 countries participating in an intergovernmental agreement. Following the planned retirement of the ISS in 2030, development and operation of space stations in the post ISS era are expected to be led by the private sector. As private-sector activities related to post-ISS accelerate, market expansion is anticipated. Japan LEO Shachu was established in July 2024 as a wholly owned subsidiary of Mitsui with the aim of creating a new economy in low Earth orbit (LEO) by leveraging Japan's technology and industrial foundation. In April 2025, Japan LEO Shachu commenced development of the Japan Module, which will be connected to commercial space stations, with the objective of enabling Japan to secure commercial utilization opportunities in LEO, leveraging the nation's strengths in the technologies of Japanese Experiment Module "Kibo" on the ISS and New unmanned cargo transfer spacecraft "HTV-X."

MHI has developed strong capabilities in spacecraft integration, space-environment durability, and human space habitation through its role as the prime contractor for the development of Japanese Experiment Module "Kibo", the overall system and Pressurized Module of HTV-X, and mass production of H-II Transfer Vehicle "KOUNOTORI (HTV)." Mitsubishi Electric also has extensive experience in developing key spacecraft modules such as the electronics module for "KOUNOTORI" and Service Module for HTV-X, and has strong technological expertise in rendezvous and docking operations through accurate determination and control of spacecraft position, velocity, and attitude in space. Mitsui was selected by Japan Aerospace Exploration Agency (JAXA) in 2023 to conduct a concept study for the development of the successor to Japan's science module, designed to dock with US commercial space stations. It will draw on its accumulated knowledge of and expertise in the LEO field to support the management of Japan LEO Shachu and the development of its business activities.

With MHI and Mitsubishi Electric, both of which have long been engaged in Japan's space development with a wealth of achievements, joining as investors in Japan LEO Shachu, the development structure for the post ISS era will be further strengthened. Going forward, the four companies will contribute to improving Japan's presence in the international LEO economy through public private collaboration.

Profile of Japan LEO Shachu, Inc.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com

TOKYO, Japan, Jan 13, 2026 - (JCN Newswire) - Mitsubishi Corporation (”MC”) is pleased to announce that it has made an additional investment in Starlab Space LLC (“Starlab”), a leading candidate for participation (*1) in the Commercial SpaceStation Program (*2). As part of this investment, MC has also acquired the usage rights to the experimental module associated with the Commercial Space Station.

Since 2008, the Japanese government has actively operated and utilized the Japanese Experiment Module Kibo aboard the International Space Station (“ISS”), continuously dispatching astronauts and fostering research and development across government agencies, private enterprises, and academic institutions. Kibo has played a pivotal role in advancing high-quality protein crystal generation experiments, contributing to the development of orphan drugs and biopharmaceuticals. It also enabled research into semiconductor materials that cannot be produced on Earth, establishing itself as a hub for technological innovation across diverse industries.

Meanwhile, the ISS is expected to retire in the 2030s due to aging equipment. To ensure that Japan’s government, industry, and academia can continue space-based activities, it is essential to secure access to a new commercial space station. This station is being developed by U.S. private companies, under NASA’s leadership as the successor to the ISS. Strengthening collaboration with these U.S.-based space companies, which are potential operators of the new station, is an urgent priority for Japan.

With this additional investment, MC will appoint a director to participate in the management of Starlab.

Furthermore, by acquiring usage rights for the space station experimental module from Starlab, MC will continue to advance the development and expansion of space station utilization across various industries, such as semiconductors and life sciences, which have been key focus areas for MC since its investment in Starlab in April 2024. The use of this module will accelerate space-based research and development by Japanese research institutions and private companies. This includes progress in cancer and rare disease treatment through drug discovery and nanomedicine, the development of new materials, next-generation semiconductor manufacturing in a low-gravity environment, and innovations such as space-based computing technologies.

Through additional investment in Starlab and the acquisition of usage rights for the space station experimental module, MC will contribute to the advancement of Japan's manned space activities, as promoted by the Japan Aerospace Exploration Agency (JAXA). Additionally, by leveraging MC's experience in creating new businesses and building industrial interfaces, new opportunities will emerge for various industries to utilize the new Commercial Space Station, contributing to the development of Japan's space industry and broader space development efforts. MC also aims to address social challenges on Earth through space-based research and business activities.

(*1) Starlab is one of the three companies selected from a pool of 11 applicants in a competitive bid conducted in 2021 under this program. As of February 2025, it has successfully completed all reviews for the four major development milestones set by NASA.

(*2) A program promoted by NASA. Its goal is to ensure a smooth transition to the next-generation space station following the retirement of the ISS, which has been operated by government agencies around the world, primarily in the United States. The program supports the development of commercial space stations by selecting and funding private companies to promote commercial activities in low Earth orbit.

About Mitsubishi Corporation

Mitsubishi Corporation is an integrated trading and investment company that develops and operates businesses across multiple industries together with its global network. MC has eight business segments that span virtually every industry: Environmental Energy, Material Solution, Mineral Resources, Urban Development and Infrastructure, Mobility, Food Industry, Smart-Life Creation, and Power Solution.

Since 1969, Mitsubishi Corporation has been involved in strategic partnerships that have helped advance the development and operation of Japanese rockets, satellites, ground stations, as well as initiatives related to the International Space Station. It has also supported space experiments conducted via U.S. space shuttle missions.

About Starlab Space LLC

Materiality

Based on the Three Corporate Principles, which serve as MC’s core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. While continuously creating Shared Value guided by the Materiality, a set of crucial societal issues, MC will continue to strengthen its efforts towards sustainable corporate growth. Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to “Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually”, this project’s activities particularly support “Utilizing Innovation to Address Societal Needs”.

Inquiry Recipient

Mitsubishi Corporation
Telephone:+81-3-3210-2171