Mitsubishi Heavy Industries Technical Review Vol. 54 No. 1 (March 2017)
2Lifting, Powering and Accelerating the World
Mitsubishi Heavy Industries Forklift, Engineand Turbocharger Holdings, Ltd. (M-FET)

M i ts u b i s h i H e a v y I n d u s t r i e s F o r k l i ft ,E n g i n e a n d Tu r b o c h a r g e r H o l d i n g s , L td .

Mitsubishi Heavy Industries Forklift, Engine and Turbocharger Holdings, Ltd. (M-FET) is awholly-owned holding company of Mitsubishi Heavy Industries, Ltd (MHI). Its three major
business domains are: (1) logistics systems such as forklift trucks, (2) engines/energy formobile/construction equipment, marine applications and power generation, and (3) turbochargers
that enable engine downsizing.
With our new Mission, Vision and Value (Figure 1), we create synergy out of these threebusiness domains into technology, sales, supply chains and other areas, and embrace challenges
with a brand-new perspective, while improving the competitiveness of each product and turning toa solution-oriented business framework.

Figure 1 M-FET’s Mission, Vision and Value|1. Background information and purpose of the establishment ofM-FET
To strengthen competitiveness and improve the profitability, the MHI Group has adopted a“self-governing company management” strategy for facilitating the growth of group companies aspart of its structural reform. M-FET is such a self-governing company founded in March 2016,
following Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and Primetals Technologies (PT). The
three companies are the core of the MHI group and ensure independent and responsive
management that suits the nature of their businesses under the MHI group strategies.
M-FET is the MHI Group’s first full-fledged holding company. It operates the business in an
effective manner enabled by the expansion of scale due to the centralization of a mass production
business and the dynamic synergetic effects created by the consolidation and elimination of
redundant business processes for technology/development/production, procurement and marketing.
As a self-governing company, we will consolidate our financial foundation by improving
capital efficiency along with responsive management decisions and business development byspecialists. Building solid alliances with our strategic partners, we will also take on newcommercial distribution, and pursue management and new businesses with a brand-newperspective.

Mitsubishi Heavy Industries Technical Review Vol. 54 No. 1 (March 2017)3|2. Outline of M-FET GroupIn the logistics system business, M-FET has two subsidiaries (Mitsubishi Nichiyu Forklift
Co., Ltd. and UniCarriers Corporation), and their combined market share is ranked third in theglobal market for forklift trucks. On the other hand, the company has also taken on the challenge ofthe early realization of synergy creation, organizational streamlining and the undertaking of newbusiness. For this, UniCarriers Corporation became a wholly-owned subsidiary of Mitsubishi
Nichiyu Forklift Co., Ltd. in January 2017, and preparations for their management integration
targeting October is under way.
As engines and turbochargers have product affinity with each other, Mitsubishi Heavy
Industries Engine & Turbocharger, Ltd. was founded in July 2016 to specifically handle these twoproducts under the self-governing management of M-FET (Figure 2).
The M-FET Group is actively working to expand its business scale from the current nearly710 billion yen to 1 trillion yen. Given below are brief descriptions of the three companies of theM-FET Group (Figure 2).

Figure 2

M-FET Group companies and their history|3. Product lineup(1) “Lifting” - Logistics systems (Figure 3)
As logistics systems, we have four different in-house brands: (a) “Nichiyu forklift trucks”
and (b) “Mitsubishi forklift trucks” (both of which are products of Mitsubishi Nichiyu Forklift
Co., Ltd.), and (c) “UniCarriers forklift trucks” and (d) “TCM forklift trucks” (both of which
are products of UniCarriers Corporation). In addition to these, we can offer products of otherbrands from our sales partners, thereby making it possible for us to provide full-line logistics
solutions including engine forklift trucks, electric battery forklift trucks, storage systems andwarehouse management systems.

Figure 3

Main products - logistics systems

Mitsubishi Heavy Industries Technical Review Vol. 54 No. 1 (March 2017)4(2) “Powering” - Engines/energy (Figure 4)
Engines are the foundation of everyday life, and they are the heart of power generation
systems. Various machines essential for daily life also depend on the power of engines. MHIET
not only offers engines with outputs ranging from 1 kW to 15,000 kW, but can also provide
other energy solutions such as distributed power generation and 24-hour remote monitoring
systems for operating engines.

Figure 4Main products - engines/energy(3) “Accelerating” - Turbochargers (Figure 5)
Turbochargers enable engine downsizing. Ahead of its competitors, MHIET has madenew highly-efficient, quality products available on the market that can meet the demands ofenvironmental regulations, which have been tightened worldwide.
In addition to its domestic production base (Sagamihara), MHIET also has overseas
production bases in the Netherlands, Thailand, China and the U.S., and with highly automatedproduction facilities, its reliable quality products are supplied across the world.

Figure 5

Main products - turbochargers|4. Global network
The M-FET Group consists of 107 companies (22 for production, 85 for sales and services)around the world (Figure 6), and provides services tailored to local needs through global and“glocal” approaches.

Figure 6

Global network

Mitsubishi Heavy Industries Technical Review Vol. 54 No. 1 (March 2017)5|5. Future directions
Through the fusion of logistics and energy, the M-FET Group will enable the “creation ofdynamic synergy” and “entry and active participation in new markets” (Figure 7).
In creating dynamic synergy, we will readily make progress toward the post-merger
integration (PMI) of logistics systems business operations, along with reinforced/streamlined
production and sales bases, integrated procurement management, accelerated product development
and the strengthened power of our brands.
Furthermore, for the entry and active participation in new markets, we will drastically change
the business model in all the three business domains by adopting a solution-oriented business styleinstead of the conventional individual marketing of each product, and deploy it on a global businessscale.

Figure 7

Fusion of logistics and energy