After bumper year, Mitsubishi Heavy faces split view on share outlook

TOKYO -- Seiji Izumisawa, the CEO of Japanese conglomerate Mitsubishi Heavy Industries, was on the defensive at a media roundtable in late 2021. The market capitalization of the company, which makes everything from forklift trucks to fighter jets and nuclear reactors, had stagnated at historic lows after a wave of unprofitable projects sapped investor appetite for its shares.