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M&A and Subsidiary Changes6503Mitsubishi Electric CorporationElectrical & Precision Instruments

Notice Regarding Completion of the Acquisition of PCI Energy Solutions in the United States as a Wholly Owned Subsidiary

Mitsubishi Electric completed the acquisition of an equity interest in PCI Energy Solutions in the United States, making the company a wholly owned subsidiary.

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This transaction

Acquisition of PCI Energy Solutions in the United States as a wholly owned subsidiary
Disclosing companyMitsubishi Electric Corporation
PCI Energy Solutions (legal name: Power Costs, Inc.)Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Execution Date / Effective Date2 November 2026 (completed)
Target company

Development and provision of software for energy trading management and optimization

Location Norman, Oklahoma, United StatesDate of incorporation 1992
Net SalesFiscal year ended December 2025: US$81.383 million
Impact on Business Performance

If it becomes necessary to revise the company's consolidated earnings forecast or if any matters requiring disclosure arise, the company will notify the public promptly.

This transaction
ItemDetails
Transaction nameAcquisition of PCI Energy Solutions in the United States as a wholly owned subsidiary
Name of the Subject CompanyPCI Energy Solutions (legal name: Power Costs, Inc.)
Business Description of the Subject CompanyDevelopment and provision of software for energy trading management and optimization
Location of the Subject CompanyNorman, Oklahoma, United States
Date of Establishment of the Subject Company1992
Net Sales of the Subject CompanyFiscal year ended December 2025: US$81.383 million
Voting rights ownership percentageAfter 100% (making the company a wholly owned subsidiary) (before not disclosed)
Impact on Business PerformanceIf it becomes necessary to revise the company's consolidated earnings forecast or if any matters requiring disclosure arise, the company will notify the public promptly.
Execution Date / Effective Date2 November 2026 (completed)
Items this document does not state (23)
Counterparty nameCapital Stock of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To announce the completion of the acquisition of the equity interest toward making the company a wholly owned subsidiary. The specific purpose and reasons for the transaction are not explained in this disclosure.

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Notice Regarding Completion of the Acquisition of PCI Energy Solutions in the United States as a Wholly Owned Subsidiary | Mitsubishi Electric Corporation (6503) timely disclosure | Komori