Mitsubishi Heavy Industries, Ltd. (TYO: 7011)

Mitsubishi Heavy Industries Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	4,885,988	4,657,147	4,202,797	3,860,283	3,699,946	4,041,376
Revenue Growth (YoY)	11.13%	10.81%	8.87%	4.33%	-8.45%	-0.91%
Cost of Revenue	3,852,997	3,727,034	3,437,779	3,204,371	3,116,464	3,331,339
Gross Profit	1,032,991	930,113	765,018	655,912	583,482	710,037
Selling, General & Admin	582,546	547,218	519,762	459,798	428,350	470,814
Research & Development	120,888	120,888	75,290	72,066	68,383	73,666
Other Operating Expenses	-37,760	-27,981	-38,934	-12,527	25,294	-33,000
Operating Expenses	692,910	667,361	584,704	544,200	556,677	550,874
Operating Income	340,081	262,752	180,314	111,712	26,805	159,163
Interest Expense	-55,171	-12,618	-14,305	-12,414	-10,426	-9,498
Interest & Investment Income	-	10,369	10,362	5,705	5,387	7,059
Earnings From Equity Investments	12,305	2,149	13,502	16,861	15,158	12,898
Currency Exchange Gain (Loss)	39,024	39,024	18,238	23,141	4,972	2,000
Other Non Operating Income (Expenses)	-4,129	-4,130	-16,494	-2,990	-4,661	-2,684
EBT Excluding Unusual Items	332,110	297,546	191,617	142,015	37,235	168,938
Merger & Restructuring Charges	-	-	-16,030	-	-10,901	-1,939
Gain (Loss) on Sale of Investments	-	-	4,620	2,107	83,916	-
Gain (Loss) on Sale of Assets	22,065	22,065	21,864	33,168	38,658	-6,864
Asset Writedown	-4,424	-4,424	-10,945	-3,607	-99,554	-179,327
Legal Settlements	-	-	-	-	-	-13,469
Pretax Income	349,751	315,187	191,126	173,683	49,354	-32,661
Income Tax Expense	94,864	71,622	44,818	48,029	6,153	-139,945
Earnings From Continuing Operations	254,887	243,565	146,308	125,654	43,201	107,284
Minority Interest in Earnings	-17,688	-21,542	-15,857	-12,113	-2,562	-20,161
Net Income	237,199	222,023	130,451	113,541	40,639	87,123
Net Income to Common	237,199	222,023	130,451	113,541	40,639	87,123
Net Income Growth	40.97%	70.20%	14.89%	179.39%	-53.35%	-14.04%
Shares Outstanding (Basic)	3,361	3,360	3,358	3,357	3,361	3,359
Shares Outstanding (Diluted)	3,362	3,362	3,360	3,359	3,363	3,363
Shares Change (YoY)	0.05%	0.05%	0.04%	-0.14%	0.01%	0.04%
EPS (Basic)	70.56	66.07	38.84	33.82	12.09	25.94
EPS (Diluted)	70.54	66.04	38.83	33.80	12.08	25.91
EPS Growth	40.88%	70.09%	14.85%	179.77%	-53.36%	-14.06%
Free Cash Flow	284,537	170,700	-51,017	156,307	-241,160	206,273
Free Cash Flow Per Share	84.62	50.78	-15.18	46.54	-71.70	61.33
Dividend Per Share	23.000	20.000	13.000	10.000	7.500	15.000
Dividend Growth	53.33%	53.85%	30.00%	33.33%	-50.00%	15.38%
Gross Margin	21.14%	19.97%	18.20%	16.99%	15.77%	17.57%
Operating Margin	6.96%	5.64%	4.29%	2.89%	0.72%	3.94%
Profit Margin	4.85%	4.77%	3.10%	2.94%	1.10%	2.16%
Free Cash Flow Margin	5.82%	3.67%	-1.21%	4.05%	-6.52%	5.10%
EBITDA	505,738	418,651	328,863	247,499	265,063	483,130
EBITDA Margin	10.35%	8.99%	7.82%	6.41%	7.16%	11.95%
D&A For EBITDA	165,657	155,899	148,549	135,787	238,258	323,967
EBIT	340,081	262,752	180,314	111,712	26,805	159,163
EBIT Margin	6.96%	5.64%	4.29%	2.89%	0.72%	3.94%
Effective Tax Rate	27.12%	22.72%	23.45%	27.65%	12.47%	-
Advertising Expenses	-	52,787	53,042	50,614	50,174	52,686

Source: S&P Capital IQ. Standard template. Financial Sources.