Electronic Technology

Mitsubishi Heavy Industries, Ltd.

Business Summary

Mitsubishi Heavy Industries, Ltd. engages in the manufacture and sale of ships, industrial machinery, and aircraft. It operates through the following segments: Energy, Plants and Infrastructure Systems, Logistics, Thermal and Drive Systems, and Aircraft, Defense and Space. The Energy segment handles clean gas and steam power systems, nuclear power systems, compressors, and marine machinery. The Plants and Infrastructure Systems segment deals with commercial ships, engineering, environmental systems, machine tools, and machinery systems. The Logistics, Thermal and Drive Systems segment provides material handling systems, engines, turbo chargers, HVAC systems, and automotive air-conditioners. The Aircraft, Defense and Space segment covers commercial aircraft, defense aircraft, missile systems, naval ships, special vehicles, maritime systems, and space systems. The company was founded by Yataro Iwasaki on July 7, 1884 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022	JPY	USD
Revenue	3,860.28B	34,352.50M
Gross Profit	633,611M	5,638.47M
Operating income	99,185M	882.64M
Income before tax	156,823M	1,395.56M
Net income	113,541M	1,010.39M
EBITDA	234,972M	2,091.00M
Diluted EPS	338.05	3.00
Dividends Per Share	100	0.88
Total Assets	5,116.34B	42,153.16M
Total liabilities	3,453.80B	28,455.68M
Total equity	1,576.61B	12,989.58M
Operating cash flow	285,563M	2,541.21M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	4,085.67B	4,078.34B	4,041.37B	3,699.94B	3,860.28B
Gross Profit	805,252M	734,150M	672,657M	549,602M	633,611M
Operating income	173,546M	230,783M	126,163M	52,099M	99,185M
Income before tax	39,232M	195,059M	-32,660M	34,197M	156,823M
Net income	-7,321M	110,271M	87,123M	40,640M	113,541M
EBITDA	347,285M	366,441M	270,802M	290,357M	234,972M
Diluted EPS	-21.75	328.00	259.05	120.83	338.05
Dividends Per Share	120	130	150	75	100
Total Assets	5,248.75B	5,240.35B	4,985.69B	4,810.72B	5,116.34B
Total liabilities	3,554.88B	3,511.65B	3,695.61B	3,371.33B	3,453.80B
Total equity	1,395.53B	1,411.56B	1,218.34B	1,366.34B	1,576.61B
Operating cash flow	405,752M	420,349M	452,564M	-94,948M	285,563M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	36,863.57M	36,776.73M	37,170.35M	34,886.25M	34,352.50M
Gross Profit	7,265.49M	6,620.24M	6,186.72M	5,182.11M	5,638.47M
Operating income	1,565.84M	2,081.10M	1,160.37M	491.23M	882.64M
Income before tax	353.97M	1,758.95M	-300.38M	322.43M	1,395.56M
Net income	-66.05M	994.37M	801.30M	383.18M	1,010.39M
EBITDA	3,133.42M	3,304.40M	2,490.68M	2,737.73M	2,091.00M
Diluted EPS	-0.19	2.95	2.38	1.13	3.00
Dividends Per Share	1.08	1.17	1.37	0.70	0.88
Total Assets	49,353.59M	47,344.74M	46,183.03M	43,535.99M	42,153.16M
Total liabilities	33,426.30M	31,726.59M	34,232.88M	30,509.82M	28,455.68M
Total equity	13,122.12M	12,752.99M	11,285.66M	12,365.09M	12,989.58M
Operating cash flow	3,660.95M	3,790.52M	4,162.43M	-895.25M	2,541.21M

Valuation Measures

Mar 2022
PER	11.88
ROA	2.28%
ROE	7.71%
Operating margin	2.56%
Profit margin	2.94%

Key executives

President, CEO & Representative Director: Seiji Izumisawa
Chief Financial Officer & Representative Director: Hisato Kozawa
CTO & Co-Chief Strategy Officer: Eisaku Ito
Executive Officer & General Counsel: Chibumi Kimura
Managing Executive Officer: Kentaro Hosomi

Shareholders

Nomura Asset Management Co., Ltd. (3.7%)
Meiji Yasuda Life Insurance Co. (2.3%)
The Vanguard Group, Inc. (2.2%)
MUFG Bank Pension Fund (1.9%)
BlackRock Fund Advisors (1.7%)
Nikko Asset Management Co., Ltd. (1.7%)
Daiwa Asset Management Co. Ltd. (1.6%)
Mitsubishi Heavy Industries Employee Stock Ownership Plan (1.6%)
Norges Bank Investment Management (1.4%)
Mitsubishi Heavy Industries Business Association (0.9%)

Contact Details

Website:http://www.mhi.co.jp
Address: 3-2-3 Marunouchi, Chiyoda-Ku, Tokyo, 100-8332, Japan
Phone: +81.3.6275.6200

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Competitors

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Cargotec Oyj Class B
Cummins Inc.
Georg Fischer AG
HSD Engine Co., Ltd
American Superconductor Corporation
Beijer Ref AB Class B
China Shipbuilding Industry Group Power Co., Ltd. Class A
AeroSpace Technology of Korea, Inc.
PBG S.A.
Fuel Tech, Inc.
Ormat Technologies, Inc.
AerCap Holdings NV
Aquarius Engines (A.M) Ltd.
Awea Mechantronic Co. Ltd.
Bruker Corporation

Last Updated on 31 Mar, 2023