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<item><title>Mitsubishi Turbocharger Asia acquires a minority stake in Nichidai(Thailand)Ltd from Nichidai Corp (pending)</title><description>THAILAND - Mitsubishi Turbocharger Asia Co Ltd, a wholly-owned unit of Mitsubishi Heavy Industries Co Ltd, planned to acquire a ##.#% stake in Nichidai (Thailand) Ltd, an automotive parts assembly services provider and a wholly-owned unit of Nichidai Corp's wholly-owned Nichidai Precision Corp subsidiary, for ## mil Thai baht ($#.### mil US).</description><pubDate>10/7/2008 1:20:36 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">60833Q</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">65779V</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">606793</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">65363Y</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Mitsubishi Turbocharger Asia Co Ltd</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Nichidai(Thailand)Ltd</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Mitsubishi Heavy Industries Ltd</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Nichidai Corp</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Mitsubishi_Turbocharger_Asia_acquires_a_minority_stake_in_Nichidai_Thailand_Ltd_from_Nichidai_Corp-2017714040</link><guid isPermaLink="false">sdc/2017714040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2017714040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Machinery</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Thailand</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Turbines and turbine generator sets</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>3511</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>3511:Turbines and turbine generator sets</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">3511:Turbines and turbine generator sets</sdc:value><sdc:value sdc:p="1">3531:Construction machinery and equipment</sdc:value><sdc:value sdc:p="2">3545:Cutting tools and machine tool accessories</sdc:value><sdc:value sdc:p="3">3559:Special industry machinery, nec</sdc:value><sdc:value sdc:p="4">3585:Refrigeration and heating equipment</sdc:value><sdc:value sdc:p="5">3721:Aircraft</sdc:value><sdc:value sdc:p="6">3728:Aircraft parts,equipment</sdc:value><sdc:value sdc:p="7">3731:Ship building and repairing</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Repair Services</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Thailand</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Automotive services, except repair and carwashes</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>7549</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>1045055001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Mnfr heavy machinery</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Mnfr metal forming mach tools</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Stock</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1045058001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Oct 7 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Mitsubishi Turbocharger Asia</sdc:value><sdc:value sdc:p="1">Co Ltd, headquartered in</sdc:value><sdc:value sdc:p="2">Thailand, is a manufacturer of</sdc:value><sdc:value sdc:p="3">turbochargers.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Mitsubishi Turbocharger Asia Co Ltd, headquartered in</sdc:value><sdc:value sdc:p="1">Thailand, is a manufacturer of turbochargers.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Mitsubishi Turbocharger Asia Co Ltd, headquartered in Thailand, is a manufacturer of turbochargers.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">THAILAND - Mitsubishi</sdc:value><sdc:value sdc:p="1">Turbocharger Asia Co Ltd, a</sdc:value><sdc:value sdc:p="2">wholly-owned unit of</sdc:value><sdc:value sdc:p="3">Mitsubishi Heavy Industries Co</sdc:value><sdc:value sdc:p="4">Ltd, planned to acquire a</sdc:value><sdc:value sdc:p="5">31.8% stake in Nichidai</sdc:value><sdc:value sdc:p="6">(Thailand) Ltd, an automotive</sdc:value><sdc:value sdc:p="7">parts assembly services</sdc:value><sdc:value sdc:p="8">provider and a wholly-owned</sdc:value><sdc:value sdc:p="9">unit of Nichidai Corp's</sdc:value><sdc:value sdc:p="10">wholly-owned Nichidai</sdc:value><sdc:value sdc:p="11">Precision Corp subsidiary, for</sdc:value><sdc:value sdc:p="12">70 mil Thai baht ($2.045 mil</sdc:value><sdc:value sdc:p="13">US).</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>THAILAND - Mitsubishi Turbocharger Asia Co Ltd, a wholly-owned unit of Mitsubishi Heavy Industries Co Ltd, planned to acquire a 31.8% stake in Nichidai (Thailand) Ltd, an automotive parts assembly services provider and a wholly-owned unit of Nichidai Corp's wholly-owned Nichidai Precision Corp subsidiary, for 70 mil Thai baht ($2.045 mil US).</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">THAILAND - Mitsubishi Turbocharger Asia Co Ltd, a wholly-owned unit of Mitsubishi Heavy</sdc:value><sdc:value sdc:p="1">Industries Co Ltd, planned to acquire a 31.8% stake in Nichidai (Thailand) Ltd, an</sdc:value><sdc:value sdc:p="2">automotive parts assembly services provider and a wholly-owned unit of Nichidai Corp's</sdc:value><sdc:value sdc:p="3">wholly-owned Nichidai Precision Corp subsidiary, for 70 mil Thai baht ($2.045 mil US).</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">THAILAND - Mitsubishi Turbocharger Asia Co Ltd, a wholly-owned unit of Mitsubishi Heavy Industries Co Ltd, planned to acquire a 31.8% stake in Nichidai (Thailand) Ltd, an automotive parts assembly</sdc:value><sdc:value sdc:p="1">services provider and a wholly-owned unit of Nichidai Corp's wholly-owned Nichidai Precision Corp subsidiary, for 70 mil Thai baht ($2.045 mil US).</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">THAILAND - Mitsubishi Turbocharger Asia Co Ltd, a wholly-owned unit of Mitsubishi Heavy Industries Co Ltd, planned to acquire a 31.8%</sdc:value><sdc:value sdc:p="1">stake in Nichidai (Thailand) Ltd, an automotive parts assembly services provider and a wholly-owned unit of Nichidai Corp's wholly-owned</sdc:value><sdc:value sdc:p="2">Nichidai Precision Corp subsidiary, for 70 mil Thai baht ($2.045 mil US).</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value>7549:Automotive services, except repair and carwashes</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>3997001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>Tokyo 1</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>Japan</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>3531</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>7011</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">3465:Automotive stampings</sdc:value><sdc:value sdc:p="1">3544:Special dies, tools, and jigs and fixtures</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>641648001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Jasdaq</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Japan</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>3544</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>6467</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>2.04500</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>70.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>2.04500</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>1.15400</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/439337_pr_frame</link><guid isPermaLink="false">fitch/439337_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Mitsubishi Heavy Industries, Ltd.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80952831</fitch:companyid><pubDate>9/29/2008 10:13:00 AM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01000000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031500</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">7011</fitch:ticker><title>Fitch Affirms Mitsubishi Heavy At 'BBB+'; Outlook Stable</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">439337_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><title>MH Ind-Forklift Dom Sales acquires Nippon Yusoki-Forklift Dom Sal from Nippon Yusoki Co Ltd (pending)</title><description>JAPAN - Mitsubishi Heavy Industries Ltd (MHI) agreed to merge its forklifts domestic sales operations with that of Nippon Yusoki Co Ltd (NY), a manufacturer of forklifts and industrial machinery, to form a joint venture named Nichiyu MHI Forklift. Upon completion, NY was to own more than ##% and MHI the remaining stake of the joint venture.</description><pubDate>5/29/2008 4:21:09 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">60663T</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">65770N</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">606793</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">65469T</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Mitsubishi Heavy Industries Ltd-Forklift Domestic Sales Business</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Nippon Yusoki Co Ltd-Forklift Domestic Sales Business</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Mitsubishi Heavy Industries Ltd</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Nippon Yusoki Co Ltd</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/MH_Ind_Forklift_Dom_Sales_acquires_Nippon_Yusoki_Forklift_Dom_Sal_from_Nippon_Yusoki_Co_Ltd-1981479040</link><guid isPermaLink="false">sdc/1981479040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1981479040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Machinery</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Japan</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Industrial trucks, tractors, trailers, &amp; stackers</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>3537</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">3537:Industrial trucks, tractors, trailers, &amp; stackers</sdc:value><sdc:value sdc:p="1">5084:Industrial machinery and equipment</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">3511:Turbines and turbine generator sets</sdc:value><sdc:value sdc:p="1">3531:Construction machinery and equipment</sdc:value><sdc:value sdc:p="2">3545:Cutting tools and machine tool accessories</sdc:value><sdc:value sdc:p="3">3559:Special industry machinery, nec</sdc:value><sdc:value sdc:p="4">3585:Refrigeration and heating equipment</sdc:value><sdc:value sdc:p="5">3721:Aircraft</sdc:value><sdc:value sdc:p="6">3728:Aircraft parts,equipment</sdc:value><sdc:value sdc:p="7">3731:Ship building and repairing</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Machinery</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Japan</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Industrial trucks, tractors, trailers, &amp; stackers</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>3537</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>688157001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Mnfr heavy machinery</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Mnfr forklifts,industrial mach</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Assets</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1012939001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>May 29 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Mitsubishi Heavy Industries</sdc:value><sdc:value sdc:p="1">Ltd-Forklift Domestic Sales</sdc:value><sdc:value sdc:p="2">Business sells forklifts in</sdc:value><sdc:value sdc:p="3">Japan.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Mitsubishi Heavy Industries Ltd-Forklift Domestic Sales</sdc:value><sdc:value sdc:p="1">Business sells forklifts in Japan.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Mitsubishi Heavy Industries Ltd-Forklift Domestic Sales Business sells forklifts in Japan.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Nippon Yusoki Co Ltd-Forklift</sdc:value><sdc:value sdc:p="1">Domestic Sales Business sells</sdc:value><sdc:value sdc:p="2">forklifts in Japan.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Nippon Yusoki Co Ltd-Forklift Domestic Sales Business sells</sdc:value><sdc:value sdc:p="1">forklifts in Japan.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Nippon Yusoki Co Ltd-Forklift Domestic Sales Business sells forklifts in Japan.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>27 May 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 27 May 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 05/27/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">JAPAN - Mitsubishi Heavy</sdc:value><sdc:value sdc:p="1">Industries Ltd (MHI) agreed to</sdc:value><sdc:value sdc:p="2">merge its forklifts domestic</sdc:value><sdc:value sdc:p="3">sales operations with that of</sdc:value><sdc:value sdc:p="4">Nippon Yusoki Co Ltd (NY), a</sdc:value><sdc:value sdc:p="5">manufacturer of forklifts and</sdc:value><sdc:value sdc:p="6">industrial machinery, to form</sdc:value><sdc:value sdc:p="7">a joint venture named Nichiyu</sdc:value><sdc:value sdc:p="8">MHI Forklift. Upon completion,</sdc:value><sdc:value sdc:p="9">NY was to own more than 50%</sdc:value><sdc:value sdc:p="10">and MHI the remaining stake of</sdc:value><sdc:value sdc:p="11">the joint venture.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>JAPAN - Mitsubishi Heavy Industries Ltd (MHI) agreed to merge its forklifts domestic sales operations with that of Nippon Yusoki Co Ltd (NY), a manufacturer of forklifts and industrial machinery, to form a joint venture named Nichiyu MHI Forklift. Upon completion, NY was to own more than 50% and MHI the remaining stake of the joint venture.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">JAPAN - Mitsubishi Heavy Industries Ltd (MHI) agreed to merge its forklifts domestic sales</sdc:value><sdc:value sdc:p="1">operations with that of Nippon Yusoki Co Ltd (NY), a manufacturer of forklifts and</sdc:value><sdc:value sdc:p="2">industrial machinery, to form a joint venture named Nichiyu MHI Forklift. Upon completion,</sdc:value><sdc:value sdc:p="3">NY was to own more than 50% and MHI the remaining stake of the joint venture.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">JAPAN - Mitsubishi Heavy Industries Ltd (MHI) agreed to merge its forklifts domestic sales operations with that of Nippon Yusoki Co Ltd (NY), a manufacturer of forklifts and industrial machinery, to</sdc:value><sdc:value sdc:p="1">form a joint venture named Nichiyu MHI Forklift. Upon completion, NY was to own more than 50% and MHI the remaining stake of the joint venture.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">JAPAN - Mitsubishi Heavy Industries Ltd (MHI) agreed to merge its forklifts domestic sales operations with that of Nippon Yusoki Co Ltd</sdc:value><sdc:value sdc:p="1">(NY), a manufacturer of forklifts and industrial machinery, to form a joint venture named Nichiyu MHI Forklift. Upon completion, NY was</sdc:value><sdc:value sdc:p="2">to own more than 50% and MHI the remaining stake of the joint venture.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">3537:Industrial trucks, tractors, trailers, &amp; stackers</sdc:value><sdc:value sdc:p="1">5084:Industrial machinery and equipment</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>3997001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>Tokyo 1</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>Japan</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>3531</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>7011</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">3535:Conveyors and conveying equipment</sdc:value><sdc:value sdc:p="1">3537:Industrial trucks, tractors, trailers, &amp; stackers</sdc:value><sdc:value sdc:p="2">3799:Transportation equipment, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>468907001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Tokyo 1</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Japan</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>3537</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>7105</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/COP_501875</link><guid isPermaLink="false">moodys/COP_501875</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Credit Opinion</moodys:report_type><pubDate>1/4/2008 2:19:56 AM</pubDate><title>Mitsubishi Heavy Industries Ltd.</title><description>Global Credit Research Credit Opinion ## SEP ####   Credit Opinion: Mitsubishi Heavy Industries Ltd. Mitsubishi Heavy Industries Ltd. Tokyo, Japan Ratings Category Moody's Rating Outlook Positive Senior Unsecured -Dom Curr A# Contacts...</description><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Mitsubishi Heavy Industries Ltd.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">501875</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Mitsubishi Heavy Industries Ltd.</moodys:issuer_list><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">COP_501875</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_94737_504100</link><guid isPermaLink="false">moodys/PR_94737_504100</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Announcement</moodys:report_type><pubDate>12/20/2007 5:39:52 PM</pubDate><title>MOODY'S REPORTS: JAPANESE HEAVY MACHINERY COMPANIES MOSTLY STABLE, BUT LIMITED ROOM FOR SHORT-TERM IMPROVEMENT</title><description>Global Credit Research Announcement ## MAR ####   Announcement: Mitsui Engineering &amp; Shipbuilding Co., Ltd. MOODY'S REPORTS: JAPANESE HEAVY MACHINERY COMPANIES MOSTLY STABLE, BUT LIMITED ROOM FOR SHORT-TERM IMPROVEMENT MOODY'S REPORTS:...</description><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Mitsui Engineering &amp; Shipbuilding Co., Ltd.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">504100</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.00</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">501875</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Mitsubishi Heavy Industries Ltd.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">434500</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Kawasaki Heavy Industries, Ltd.</moodys:issuer><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">423300</moodys:org_id><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Ishikawajima-Harima Heavy Industries,Co. Ltd.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Ishikawajima-Harima Heavy Industries,Co. Ltd.; Kawasaki Heavy Industries, Ltd.; ...</moodys:issuer_list><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_94737_504100</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/608975</link><guid isPermaLink="false">spcred/608975</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Mitsubishi Heavy Industries Ltd.</title><description>The latest Full Report from S&amp;P</description><pubDate>10/23/2007 4:28:59 AM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">608975</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Industrial Machinery</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Capital Goods</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Japan's largest integrated industrial machinery company Strong business franchises in a wide range of segments supported by robust technological and marketing capabilities Improving business environment, backed by Japanese and overseas expanding capital investment Improving risk management Profits vulnerable to capital investment trends in both the Japanese and overseas markets, and volatility in foreign exchange rates and raw material costs Slow returns on capital investments due to the company's business structure Still relatively high debt burden compared with other BBB+ category companies Mitsubishi Heavy Industries Ltd. is Japan's largest integrated industrial machinery company, with strong business franchises in a wide range of segments including Power Systems, Aerospace, Mass and Medium-Lot Manufactured Machinery, Machinery&amp;Steel Structures, and Shipbuilding&amp;Ocean Development,</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">606793</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">20106020 201060 2010 20</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Mitsubishi Heavy Industries Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">339709</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">7011@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">FULL</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Capital</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/608976</link><guid isPermaLink="false">spcred/608976</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><title>Summary: Mitsubishi Heavy Industries Ltd.</title><description>The latest Summary from S&amp;P</description><pubDate>10/23/2007 4:28:59 AM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">608976</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Industrial Machinery</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Capital Goods</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Mitsubishi Heavy Industries Ltd. is Japan's largest integrated industrial machinery company, with strong business franchises in a wide range of segments including Power Systems, Aerospace, Mass and Medium-Lot Manufactured Machinery, Machinery&amp;Steel Structures, and Shipbuilding&amp;Ocean Development, all of which are backed by the company's extremely high technological strengths and marketing capabilities. The company's profits are vulnerable to capital investment trends in both the Japanese and overseas markets, and to volatility in foreign exchange rates and raw material costs. Given its business structure, it takes a long time to obtain investment returns from many of its businesses. In particular, overseas orders are likely to incur additional cost burdens. The business environment is improving, given the overall recovery trend</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">606793</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">20106020 201060 2010 20</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Mitsubishi Heavy Industries Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">339709</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">7011@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Capital</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item></channel></rss>