February 14, 2023
For Immediate Release
To whom it may concern:
Mitsubishi Logisnext Co., Ltd.
Yuichi Mano, President
Code No: 7105 Tokyo Stock Exchange, Standard Market
Contact: Masamichi Oyake
General Manager
General Affairs Division
Tel. +81‐75‐951‐7171

Notices Concerning Our Subsidiaries in the Americas: Renaming of Our First-tierSubsidiary and Merger of Two of Our Second-tier Subsidiaries
As resolved at the Board of Directors of February 14, 2023, Mitsubishi Logisnext Co., Ltd. (“theCompany”) hereby announces its intention to rename our first-tier subsidiary Mitsubishi Logisnext
Americas, Inc. (Headquartered in Houston, Texas) and to merge the operations of two of our associatedsecond-tier subsidiaries.
This transaction is intended to enhance the efficiency of our businesses in the Americas while further
consolidating our operations. As the various costs associated with this reorganization are minor, this step is
not expected to affect the consolidated financial results and financial position of the Company.
1. Renaming of our first-tier subsidiary in the Americas and scheduled date of change
As of April 1, 2023, Mitsubishi Logisnext Americas Inc. (currently abbreviated internally as “MLA”)
will be renamed Mitsubishi Logisnext Americas Group Inc. (“MLAG”).
2. Merger of our second-tier subsidiaries and scheduled date of merger
On April 1, 2023, Mitsubishi Logisnext Americas (Houston) Inc. (“MLAH”) will absorb Mitsubishi
Logisnext Americas (Marengo) Inc. (“MLAM”). The new entity will be renamed Mitsubishi Logisnext
Americas Inc. (“New MLA”). Production operations will continue under the two-plant systemcurrently being operated by MLAH and MLAM.
[Summary of Changes]
As of February 2023

As of April 2023
Mitsubishi Logisnext

Mitsubishi Logisnext

Current MLA

MLAG(Controlling entity)(Controlling entity)

MLAH

MLAM

(Manufacturingentity)(Manufacturingentity)

EQD(Direct sales entity)

New MLA(Manufacturing entity
incorporating MLAM)

As of February 2023
AbbreviatedName (forinternal use)
Controllingentity
M anufacturingentity
Direct salesentity

Current
MLA
MLAH
MLAM
EQD

Full Name
Mitsubishi Logisnext Americas Inc.
Mitsubishi Logisnext Americas (Houston) Inc.
Mitsubishi Logisnext Americas (Marengo) Inc.
Equipment Depot, Inc.

EQD(Direct sales entity)

As of April 2023
AbbreviatedName (forinternal use)

Full NameControlling
MLAG
Mitsubishi Logisnext Americas Group Inc．
entityM anufacturing
New MLA Mitsubishi Logisnext Americas Inc.
entityDirect sales
EQD
Equipment Depot, Inc. (Unchanged)
entity3. Rationale for these changes
In 2018, following the establishment of Mitsubishi Logisnext in 2017, we established the controlling
entity in the Americas, currently abbreviated internally as MLA. We consolidated the structure andreporting lines of MLAH and MLAM, our manufacturing entities in the Americas, and integrated theiroperations. Since introducing that initiative as well as other efforts to reduce fixed costs, we took theadditional steps of improving efficiency and reducing the costs, of sales, production, and procurement
by facilitating intercompany communication to share the sales and production expertise of bothcompanies; unifying the sales divisions to serve large customers; improving productivity; andintegrating product lines.
MLAH will absorb MLAM through a merger in order to further reduce administrative operations andcosts while improving the efficiency of business operations.
In conjunction with this consolidation effort, we are renaming MLA — the current internal
abbreviation for the controlling entity — to MLAG. Through ongoing collaboration with the New
MLA and EQD, our direct sales entity, we intend to pursue continued business growth.
4. Outline of the subsidiaries involved in the renaming
Current MLA (current internal abbreviation)

MLAG (new internal abbreviation)(1) Business name

Mitsubishi Logisnext Americas Inc.

Mitsubishi Logisnext Americas Group Inc.

(2) Address

2121 W. Sam Houston Pkwy. N.
Houston, Texas 77043-2305, U.S.A.

2121 W. Sam Houston Pkwy. N.
Houston, Texas 77043-2305, U.S.A.

(3) Representative

Kenneth J. Barina, President

Kenneth J. Barina, President(4) Outline of business • Formulating group management strategies • Formulating group management strategies
and financial strategies related to theand financial strategies related to theforklift and other businesses involved in the forklift and other businesses involved in thelogistics equipment segment (“targetlogistics equipment segment (“targetindustry”) in North, Central, and Southindustry”) in North, Central, and SouthAmerica
America• Managing businesses and affiliated• Overseeing businesses and managing
companies involved in the target industry
affiliated companies involved in the target• Managing and following up on the progress
industry• Managing and following up on the progress of creating synergies related to the target
industryof creating synergies related to the target• Other operations incidental to the above
industry• Other operations incidental to the above(5) Capital

US$400 million

US$400 million(6) Date established

April 1, 2018

April 1, 2023

5. Outline of the second-tier subsidiaries involved in the merger and corporate renaming
MLAH(current internalabbreviation)

MLAM(current internalabbreviation)

New MLA(internal abbreviation
following the merger)(1) Business name

Mitsubishi Logisnext
Americas (Houston) Inc.

Mitsubishi Logisnext
Americas (Marengo) Inc.

Mitsubishi Logisnext
Americas Inc.

(2) Address

2121 W. Sam Houston
Pkwy. N. Houston, Texas
77043-2305, U.S.A.

240 North Prospect Street
Marengo, Illinois 60152,
U.S.A.

2121 W. Sam Houston
Pkwy. N. Houston, Texas
77043-2305, U.S.A.

(3) RepresentativeKenneth J. Barina, President Kenneth J. Barina, President Kenneth J. Barina, President(4) Outline of business Manufacture and sale offorklift trucks and relatedparts

Manufacture and sale offorklift trucks, engines andrelated parts

Manufacture and sale offorklift trucks, engines andrelated parts(5) Capital

US$3,000

US$0

US$3,000(6) Date establishedMay 14, 1992

February 13, 1987

May 14, 1992