TOKYO--(BUSINESS WIRE)--

Mitsubishi Electric Corporation ( MIELF ) announced today that it has completed the sale of all shares of its subsidiary Mitsubishi Electric Insurance Service Co., Ltd. to Marsh Japan, Inc., as initially announced on July 28. Effective immediately, the former Mitsubishi Electric Insurance Service has become a wholly owned subsidiary of Marsh Japan and has been renamed MEIS Insurance Services, Inc.

The transaction’s impact on Mitsubishi Electric’s consolidated financial results is not included in the financial forecast for the fiscal year ending March 2026, which was announced on October 31, but it is expected to be minor. If there is any significant change, updates will be announced promptly as required.

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Source: Mitsubishi Electric Corporation ( MIELF )