Mitsubishi Electric Corporation has concluded a share transfer agreement under which it will transfer shares of its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc.
This transaction is expected to be completed on November 4, 2025.
The move comes as Mitsubishi Electric continually assesses the significance of the insurance business in its portfolio to further strengthen the company’s overall business structure.
Facing an evolving business environment for insurance agencies in Japan, Mitsubishi Electric concluded that partnering Mitsubishi Electric Insurance Service with Marsh Japan would best position the company for long-term growth, supported by Marsh LLC’s global insurance expertise.
Mitsubishi Electric Insurance Service was established in 1999 as an insurance agency for the Mitsubishi Electric Group. Since then, it has supported the growth of companies and the life plans of individuals.
Marsh Japan was established in 1955 as a Japanese subsidiary of Marsh LLC, a global insurance broker and risk advisor owned by Marsh McLennan. It provides services and solutions to companies of all sizes across Japan.
According to the announcement, the impact of the transaction on Mitsubishi Electric’s consolidated financial results is not included in its financial forecast for the fiscal year ending March 2026, announced on April 28, 2025.
The company expects the impact to be minor and updates will be announced if there is any significant change, the company stated.
AloJapan.com