Mitsubishi Electric Corp. said Thursday it will establish a holding company in Los Angeles on April 1 to manage its seven U.S. subsidiaries.

Mitsubishi Electric U.S. Holdings Inc. will be capitalized at some $120.2 million (13.8 billion yen). It is expected to enhance management efficiency and strengthen cooperation between the seven subsidiaries, which are located across the country, the company said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.