Executives at Mitsubishi Heavy, Japan's leading heavy machinery maker, had remained silent since media reports on Thursday that the firm and Hitachi have begun talks on what could lead to Japan's biggest domestic merger.
Hitachi Chief Executive Hiroaki Nakanishi told reporters early on Thursday his company would make an announcement later that day regarding reports on their merger talks.
Sources have told Reuters that Mitsubishi Heavy had been considering a partial integration of their social infrastructure businesses, including power generation systems, while Hitachi is eyeing a full merger.
In the interview with the Mainichi newspaper, Mitsubishi Heavy President Omiya said his company had "various talks" with Hitachi, confirming it had been considering integration of some of its operations including social infrastructure systems.
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