TOKYO -- Mitsubishi Heavy Industries said on Monday that it returned to profitability in the April-June fiscal first quarter, as the Japanese industrial conglomerate aims to stage a turnaround from the COVID-induced aviation crisis.
Aerospace & Defense Industries
Mitsubishi Heavy returns to profit as it makes low-carbon shift
Japanese company sees strong demand for cleaner steel and biomass energy
Mitsubishi Heavy is one of the hardest hit Japanese manufacturers amid the COVID crisis. The company is now looking to its mainstay business of energy to lead itself out of the slump. (Photo by Keiichiro Sato)
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