Mitsubishi Heavy posts 70% profit surge on energy and defense demand

Rocket, missile and gas turbine maker fattens dividends as earnings hit record

20240508 The logo of Mitsubishi Heavy Industries.

Mitsubishi Heavy Industries announced a record high dividend as it aims to return profits to investors. (Photo by Konosuke Urata)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Mitsubishi Heavy Industries on Wednesday reported record sales and profits for the year ended in March and sharply raised its dividend payments, as the world's largest gas turbine maker accelerates its shift to hydrogen from coal and natural gas.

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