Mitsubishi Heavy is one of Japan's hottest stocks. It wasn't always

Industrial group benefits from defense buildup, greater efficiency

20240715N GSDF for Mitsubishi Heavy

Mitsubishi Heavy Industries will play a crucial role in Japan's effort to bolster its military capabilities. (Japan Ground Self-Defense Force)

MASASHI ISAWA, Nikkei staff writer

TOKYO -- Mitsubishi Heavy Industries is a rising star on the Japanese stock market, thanks to hopes for its core defense and nuclear power segments. But it laid the groundwork for its breakout with quieter steps to improve efficiency.

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