IHI Corporation
Notice Regarding the Transfer of Shares of U.S. Subsidiary IHI Power Services Corp.
IHI Corporation will transfer all 300 shares of its consolidated subsidiary IHI Power Services Corp. to the U.S. subsidiary of Kyuden International Corporation, with the transfer scheduled at the end of May 2026.
Key Figures
- Number of Shares Transferred: 300 shares (100% voting rights ownership)
- Transfer Price: Undisclosed (determined through a fair process)
- Target Company Net Sales (Fiscal Year Ending March 2025): 126,231 thousand USD
AI要約
Overview of the Transfer
IHI Corporation has decided to transfer all shares of its consolidated subsidiary, IHI Power Services Corp., to Kyuden International Americas, Inc., the U.S. subsidiary of Kyuden International Corporation. The transfer is scheduled for the end of May 2026. Although the transfer price is undisclosed, it has been determined through a fair process. IHI Power Services provides operation and maintenance services for power plants in the U.S. market and employs 550 staff members.
Reason for Transfer and Future Outlook
With the expansion of renewable energy and the increase of aging facilities driving growth in the power plant O&M market, it has been determined that sustainable business growth requires advanced technological foundations and efficient operational systems. Kyuden International is actively expanding its overseas energy business, and the synergy between both companies is expected to strengthen IHI Power Services' competitiveness and ensure sustainable growth. This transfer will have no impact on consolidated earnings guidance for the fiscal year ending March 2026.
