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 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Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-16","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/7013-20260316-01.pdf","jir_short_summary":"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.","jir_summary":"### Overview of the Transfer\nIHI 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.\n\n### Reason for Transfer and Future Outlook\nWith 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.","jir_financial_highlights":"Number of Shares Transferred: 300 shares (100% transferred)\nTransfer Price: Undisclosed (Unknown)\nTarget Company Net Sales (Fiscal Year Ending March 2025): 126,231 thousand USD (Unknown)","jir_category":"","jir_hashtags":"#IHI_Corporation, #M&A, #IR","jir_key_figures":"Number of Shares Transferred: 300 shares (100% voting rights ownership)\nTransfer Price: Undisclosed (determined through a fair process)\nTarget Company Net Sales (Fiscal Year Ending March 2025): 126,231 thousand USD","jir_meta_title":"IHI Corporation Announces Transfer of Shares in U.S. Subsidiary IHI Power Services (300 Shares, Scheduled for May 2026)","jir_meta_description":"IHI Corporation will transfer all 300 shares of its consolidated subsidiary IHI Power Services Corp. to the U.S. subsidiary of Kyuden International Corporation. The transfer price is undisclosed, scheduled for the end of May 2026, with no impact on earnings guidance.","jir_og_title":"IHI Corporation Announces Share Transfer of U.S. Subsidiary","jir_og_description":"All shares of IHI Power Services will be transferred to the U.S. subsidiary of Kyuden International. The transfer is scheduled for the end of May 2026 with no impact on results.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6914,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-34795","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n