Business description: Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries Ltd is a Japan-based company mainly engaged in the development of energy, plants and infrastructure systems, logistics, heating and cooling, drive systems. The Company operates through four segments. Energy Segment is engaged in the design, manufacturing, sales, services and installation of thermal power generation systems, nuclear power generation systems, wind power generation systems, aircraft engines. Plants & Infrastructure Segment is engaged in the design, manufacturing, sales, services and installation of steelmaking machinery, merchant ships, engineering, environmental equipment and mechanical systems. Logistics, Thermal & Drive Segment is engaged in the design, manufacturing, sales, services and installation of logistics equipment, heat and cooling products, engines, turbochargers and others. Aircraft, Defense & Space Segment is engaged in the design, manufacturing, sales, services and installation of civil aircraft, defense aircraft and others.

Number of employees: 77,274

Sales by Activity: Mitsubishi Heavy Industries, Ltd.

Fiscal Period: March 2021 (JPY) 2022 (JPY) 2023 (JPY) 2024 (JPY) 2025 (JPY)

Energy Systems

1,546B 1,651B 1,739B 1,762B 1,816B

Logistics, Thermal & Drive Systems

860B 987B 1,204B 1,315B 1,307B

Aircraft, Defense & Space

702B 605B 619B 792B 1,031B

Plants & Infrastructure systems

637B 652B 676B 795B 852B

Others

- - - - 74.47B

Corporate & Eliminations

-45.73B -34.52B -34.76B -5.83B -52.95B

Geographical breakdown of sales: Mitsubishi Heavy Industries, Ltd.

Fiscal Period: March 2021 (JPY) 2022 (JPY) 2023 (JPY) 2024 (JPY) 2025 (JPY)

Japan

1,948B - 1,808B 1,950B 2,188B

U.S.A.

555B - 738B 1,053B 1,112B

Asia

573B - 714B 701B 758B

Europe

319B - 405B 480B 475B

Central and South America

83.85B - 256B 175B 157B

Others

90.23B - 126B 118B 142B

Middle East

79.67B - 113B 148B 136B

Africa

51.35B - 41.72B 31.46B 59.54B

Executive Committee: Mitsubishi Heavy Industries, Ltd.

Manager TitleAgeSince
Chief Executive Officer - 31/03/2025
Director of Finance/CFO - 26/06/2025
Director of Finance/CFO 64 30/09/2019
Chief Tech/Sci/R&D Officer - 31/03/2025
Corporate Officer/Principal 62 -

Composition of the Board of Directors: Mitsubishi Heavy Industries, Ltd.

Director TitleAgeSince
Director/Board Member 77 31/05/2016
Chairman 68 31/03/2025
Director/Board Member 77 31/05/2019
Director/Board Member 74 31/05/2019
Director/Board Member - 26/06/2025
Director/Board Member 67 25/06/2020
Director/Board Member 64 31/05/2020
Director/Board Member 63 28/06/2021
Director/Board Member 65 31/05/2024
Director/Board Member 70 31/05/2023

Shareholders: Mitsubishi Heavy Industries, Ltd.

NameEquities%Valuation
BlackRock Fund Advisors
3.215 %
108,475,550 3.215 % 3 195 M ¥
BlackRock Japan Co. Ltd.
1.947 %
65,679,400 1.947 % 1 934 M ¥
Amova Asset Management Co., Ltd.
1.927 %
65,026,700 1.927 % 1 915 M ¥
Meiji Yasuda Life Insurance Co.
1.908 %
64,386,000 1.908 % 1 896 M ¥
Mitsubishi UFJ Asset Management Co., Ltd.
1.027 %
34,636,300 1.027 % 1 020 M ¥
NameEquities%Valuation
RhumbLine Advisers LP
0.003569 %
60,197 0.003569 % 2 M ¥
SkyView Investment Advisors LLC
0.002953 %
49,809 0.002953 % 1 M ¥
L&S Advisors, Inc.
0.000916 %
15,450 0.000916 % 455 003 ¥
Salomon & Ludwin LLC
0.000117 %
1,973 0.000117 % 58 105 ¥
PNC Wealth Management LLC
0.000077 %
1,305 0.000077 % 38 432 ¥

Holdings: Mitsubishi Heavy Industries, Ltd.

NameEquities%Valuation
25,246,000 2.5% 773 M $
7,412,000 0.74% 177 M $
4,101,900 0.12% 121 M $
3,077,000 0.75% 111 M $
1,243,000 14.8% 98 M $
5,995,000 0.54% 96 M $
4,093,200 32.03% 80 M $
3,746,000 34.2% 70 M $
1,424,000 6.71% 62 M $
1,006,200 1.35% 61 M $

Company details: Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries, Ltd.

3-2-3 Marunouchi

100-8332, Tokyo

+81 3 6275 6200

http://www.mhi.co.jp
address Mitsubishi Heavy Industries, Ltd.(7011)

Group companies: Mitsubishi Heavy Industries, Ltd.

NameCategory and Sector
Trucks/Construction/Farm Machinery
Trucks/Construction/Farm Machinery
Industrial Machinery
Industrial Machinery
Industrial Machinery

Consumer Goods Conglomerates

Change 5d. change 1-year change 3-years change Capi.($)
+2.12%-2.81%+63.20%+716.18% 93.81B
+1.04%+4.08%-5.65%+48.32% 1,035B
0.00%-1.14%-2.74%-1.27% 232B
-2.96%-2.72%+22.04%+195.98% 140B
-0.26%+4.53%-0.36%+12.87% 139B
+0.64%-0.67%+125.29%+272.82% 84.02B
-0.09%+0.27%-4.74%+42.82% 74.76B
-0.27%-1.23%+0.44%+10.02% 72.53B
+0.96%+7.82%+50.34%+42.87% 20.93B
-1.46%+2.10%-0.25%-7.31% 20.52B
Average -0.04%+1.32%+24.76%+133.33% 191.19B
Weighted average by Cap. +0.44%+1.92%+7.18%+90.84%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
4,300.00JPY
Average target price
5,380.58JPY
Spread / Average Target
+25.13%

Quarterly revenue - Rate of surprise

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