Mitsubishi Heavy Industries and Preferred Networks Form Capital and Business Alliance-- Accelerating joint development of cutting-edge AI technologies for the intelligence and autonomy of machinery and systems in mission-critical applications --
Tokyo, September 16, 2026 - Mitsubishi Heavy Industries, Ltd. (MHI) and Preferred Networks, Inc. (PFN) today announced that they entered into a capital and business alliance agreement on August 31, 2026. In June 2026, the two companies announced an initial business alliance(Note) to jointly develop cutting-edge AI technologies to enhance the intelligence and autonomy of machinery and systems across mission-critical domains, including social infrastructure and national security. This capital and business alliance agreement establishes a robust cooperative framework to advance MHI and PFN's joint development over the medium to long term. Under the agreement, MHI will underwrite shares issued by PFN through a third-party allotment and invest a total of 10 billion yen in PFN, accelerating the joint development, subject to the completion of all necessary procedures, including approvals at PFN's general meeting of shareholders.
machineryasia 
Tokyo, September 16, 2026 - Mitsubishi Heavy Industries, Ltd. (MHI) and Preferred Networks, Inc. (PFN) today announced that they entered into a capital and business alliance agreement on August 31, 2026. In June 2026, the two companies announced an initial business alliance(Note) to jointly develop cutting-edge AI technologies to enhance the intelligence and autonomy of machinery and systems across mission-critical domains, including social infrastructure and national security. This capital and business alliance agreement establishes a robust cooperative framework to advance MHI and PFN's joint development over the medium to long term. Under the agreement, MHI will underwrite shares issued by PFN through a third-party allotment and invest a total of 10 billion yen in PFN, accelerating the joint development, subject to the completion of all necessary procedures, including approvals at PFN's general meeting of shareholders.
