| MuGe Co., Limited | Private company limited by shares | Live |
| SIJI MUGE SOLAR ENERGY GROUP LIMITED | Private company limited by shares | Dissolved |
| DC MUGEN LIMITED | Private company limited by shares | Live |
| MUGEN CO. LIMITED | Private company limited by shares | Dissolved |
| MUGEN DAI LIMITED | Private company limited by shares | Live |
| MUGEN LIMITED | Private company limited by shares | Live |
| MUGEN DAI II LIMITED | Private company limited by shares | Live |
| Mugen Yat Limited | | Live |
| MUGEN CO., LIMITED | Private company limited by shares | Dissolved |
| MUGEN CONSTRUCTION LIMITED | Private company limited by shares | Live |
| MUGEN CREATION LIMITED | Private company limited by shares | Live |
| Mugen Hobbies Limited | Private company limited by shares | Live |
| MUGEN HONG KONG LIMITED | Private company limited by shares | Live |
| MUGEN FISHING INDUSTRY LIMITED | | Live |
| Mugen Invest Limited | Private company limited by shares | Dissolved |
| MUGEN POWER ARTISTE MANAGEMENT CO. LIMITED | Private company limited by shares | Live |
| MUGEN MOTORSPORT CO LIMITED | Private company limited by shares | Live |
| MUGEN POWER MUSIC CO. LIMITED | Private company limited by shares | Live |
| MUGEN POWER MOTORSPORT CO LIMITED | Private company limited by shares | Live |
| MUGEN Design & Production Limited | | Live |
| MUGEN INFORMATION TECHNOLOGY LIMITED | Private company limited by shares | Dissolved |
| MUGEN TRADING LIMITED | Private company limited by shares | Live |
| MUGEN HONGKONG TRADING CO., LIMITED | Private company limited by shares | Live |
| MUGEN TRANSPORTATION LIMITED | Private company limited by shares | Dissolved |