Japan · Delayed Price · Currency is JPY Mitsubishi Heavy Industries Earnings Call Transcripts
Fiscal Year 2027
-
Q1 FY2026 set first-quarter records for orders, revenue, business profit and net income, with backlog above ¥14tn. Full-year order and FCF guidance increased; Q1 included ¥25bn of one-time gains, already reflected in the earnings forecast.
Fiscal Year 2026
-
FY 2025 order intake rose 20% to JPY 7.7tn, while net income reached a record JPY 332.1bn and free cash flow hit JPY 893.4bn. FY 2026 business profit is forecast at JPY 540bn, with ROE targeted at 12%.
-
Order intake and net income reached record highs through Q3, with strong growth in Energy Systems and significant contract wins in Infrastructure. Full-year forecasts for order intake, business profit, and net income were all raised, reflecting robust demand and a sizable backlog.
-
Order intake and backlog hit record highs, driven by strong North American and energy sector demand. Net income rose 7% year-over-year, with positive free cash flow and upwardly revised guidance for FY 2025 order intake. One-off expenses impacted Q2, but growth initiatives continue.
-
Q1 FY 2025 delivered record revenue, business profit, and net income, driven by strong order intake and robust performance in Energy Systems and Plants & Infrastructure. Cash flow and net debt improved, while U.S. tariffs had minimal impact on results.
Fiscal Year 2025
-
Strong Q3 performance led to record order intake, revenue, and profit for Q1-Q3 FY 2024, prompting upward revisions to full-year forecasts. Segment growth was broad-based, with notable gains in Energy Systems and Plants & Infrastructure, while technical and supply chain challenges were addressed.
-
Order intake, revenue, and profit reached record highs in the first half of FY 2024, with business profit up 87% year-on-year. Full-year guidance was raised amid strong demand in energy, defense, and metals, though FX and market uncertainties remain.
-
Order intake, revenue, and profit all reached record first-quarter highs, with business profit up 61% year-over-year. Segment performance was strong overall, and the outlook remains unchanged, with financials tracking well against full-year targets.