Mitsubishi Electric Corporation has announced a share transfer agreement to sell its subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. The transaction is set for November 4. Established in 1999 as an insurance agency for the Mitsubishi Electric Group, Mitsubishi Electric Insurance Service has been instrumental in supporting corporate growth and individual life plans. The decision to transfer the shares aligns with Mitsubishi Electric's strategic evaluation of its business portfolio, aiming to strengthen its overall business structure. Teaming up with Marsh Japan, a subsidiary of the global insurance broker Marsh LLC, positions the company for long-term growth in Japan's evolving insurance market. The financial impact of this transaction on Mitsubishi Electric's results for the fiscal year ending March 2026 is projected to be minor, with updates to follow if significant changes occur.
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