TOKYO, Mar 16 (Pulse News Wire) – IHI Corporation (7013.T) announced today that it will sell its wholly-owned subsidiary, IHI Power Services Corp., to Kyuden International Americas, a subsidiary of Kyuden International, a consolidated subsidiary of Kyuden International Corporation. The transaction is part of IHI's ongoing restructuring efforts aimed at enhancing its portfolio and strategic resource allocation in carbon solutions abroad.
IHI Power Services provides comprehensive operation and maintenance services for power plants in the US market. With extensive experience across multiple facilities, the company contributes significantly to plant safety, reliability, and economic efficiency. However, due to evolving market conditions such as increased renewable energy adoption and aging infrastructure, IHI believes that focusing resources elsewhere would better support long-term growth. The sale includes all shares held by IHI Corporation in IHI Power Services.
The decision was made based on strategic considerations to strengthen competitive advantages through synergies and continuous investment opportunities between the two companies. The transaction is expected to close by the end of May 2026. Key details of the deal include: - Total number of shares transferred: 300 - Pre-sale shareholding percentage: 100.0% - Post-sale shareholding percentage: 0.0% Financial highlights of IHI Power Services as of December 2025 include total assets of $53.044 million and revenue of $126.231 million. Specific figures for net assets and operating profit will not be disclosed but fall within minor disclosure thresholds according to regulatory standards.
This transaction is anticipated to have no impact on IHI’s fiscal year 2026 March quarter earnings forecast.
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