TOKYO -- Japan's Mitsubishi Heavy Industries on Tuesday announced that it expects group net profit to increase 8% for the fiscal year ending March to 240 billion yen ($1.5 billion), on a strong performance in the energy and defense sectors.
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Mitsubishi Heavy forecasts 8% profit boost on energy, defense demand
Gas turbines and more profitable defense contracts seen lifting Japan group
Mitsubishi Heavy Industries is one of Japan's leading industrial groups, with operations ranging from energy to defense. (Photo by Konosuke Urata)
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