ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Mitsubishi Heavy aims for low-carbon shift after profit rebound

Flat sales point to difficult transition for Japanese industrial conglomerate

Mitsubishi Heavy Industries aims to make carbon-capture technologies and zero-carbon fuels important new sources of revenue within a decade. (Source photos by Reuters and EPA/Jiji) 

TOKYO -- Mitsubishi Heavy Industries returned to profit in the six months through September despite sluggish sales, as the company works to transform itself into a leader in decarbonation technology.

The Japanese industrial conglomerate aims to return to its pre-COVID level sales by fiscal 2023, while making technologies such as carbon capture, utilization and storage (CCUS), and hydrogen and ammonia combustion new drivers of revenue within a decade.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more