Market bullishness for Mitsubishi Heavy rivals Google and Microsoft

Forward P/E ratio hits 28 as energy and defense fuel growth expectations

20250106N Mitsubishi Heavy

Mitsubishi Heavy Industries' gas turbine business and defense contracting business are expected to add greatly to profits. (Source photos by Mitsubishi Heavy Industries and Nikkei)

KENTARO TSUTSUMI, Nikkei staff writer

TOKYO -- The growth outlook of Mitsubishi Heavy Industries has placed the Japanese manufacturer on par with large U.S. tech groups in terms of a key market metric.

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