Three MgZnY ternary alloys in the vicinity of X, W and H phases were prepared and were isothermally heat treated at 833, 793, 723 and 673 K to attain thermodynamic equilibrium. The microstructure was observed using electron probe microanalysis and transmission electron microscopy, and the chemical compositions of the equilibrium phases were analyzed using wavelength dispersive X-ray spectroscopy. The crystal structure of the W and H phases were analyzed using X-ray diffraction, electron back scattering diffraction and electron diffraction pattern obtained by transmission electron microscopy. The MgZnY ternary phase diagrams of the isothermal section were also calculated using the Thermo-Calc to compare with the experimental results. The X phase was found to be solidified in high-Mg alloys not in a manner of eutectic reaction as reported previously but in a manner of peritectic reaction. The W phase has a Heusler (L2 1) type crystal structure with a stoichiometric composition of Mg 1 Zn 2 Y 1 , and fine mesh texture composed of ¡ (Mg) and W phases was occasionally observed in nonequilibrium solidified parts, implying that the transient W phase has potential to be utilized as an additional strengthening phase. The equilibrium chemical composition of the H phase with a hexagonal crystal structure (P6 3 /mmc) was found to be different from that of the previous reports.