Balance Sheet Mitsubishi Heavy Industries, Ltd.

Equities

7011

JP3900000005

Consumer Goods Conglomerates

Delayed Japan Exchange Other stock markets 05:28:04 11/09/2024 BST			5-day change	1st Jan Change
1,646.50 ^JPY	-2.95%		-7.68%	+99.19%

08-30	Japan's military to spend on AI, automation, perks to combat recruitment crisis	RE
08-07	Boeing says it's ramping up seeker production as Patriot demand surges	RE

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Published financial data: MITSUBISHI HEAVY INDUSTRIES, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	4,041B	3,700B	3,860B	4,203B	4,657B
Total Revenues	4,041B	3,700B	3,860B	4,203B	4,657B
Cost of Goods Sold, Total	3,331B	3,116B	3,204B	3,438B	3,727B
Gross Profit	710B	583B	656B	765B	930B
Selling General & Admin Expenses, Total	471B	428B	460B	520B	547B
Provision for Bad Debts	2.01B	770M	2.56B	3.97B	3.45B
R&D Expenses	73.67B	68.38B	72.07B	75.29B	121B
Depreciation & Amortization - (IS)	37.38B	33.88B	22.3B	24.61B	23.78B
Other Operating Expenses	-33B	25.29B	-12.53B	-38.93B	-27.98B
Other Operating Expenses, Total	551B	557B	544B	585B	667B
Operating Income	159B	26.8B	112B	180B	263B
Interest Expense, Total	-9.5B	-10.43B	-12.41B	-14.3B	-12.62B
Interest And Investment Income	7.06B	5.39B	5.7B	10.36B	10.37B
Net Interest Expenses	-2.44B	-5.04B	-6.71B	-3.94B	-2.25B
Income (Loss) On Equity Invest.	12.9B	15.16B	16.86B	13.5B	2.15B
Currency Exchange Gains (Loss)	2B	4.97B	23.14B	18.24B	39.02B
Other Non Operating Income (Expenses)	-2.68B	-4.66B	-2.99B	-16.49B	-4.13B
EBT, Excl. Unusual Items	169B	37.24B	142B	192B	298B
Restructuring Charges	-1.94B	-10.9B	-	-16.03B	-
Gain (Loss) On Sale Of Investments	-	83.92B	2.11B	4.62B	-
Gain (Loss) On Sale Of Assets	-6.86B	38.66B	33.17B	21.86B	22.06B
Asset Writedown	-179B	-99.55B	-3.61B	-10.94B	-4.42B
Legal Settlements	-13.47B	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-32.66B	49.35B	174B	191B	315B
Income Tax Expense	-140B	6.15B	48.03B	44.82B	71.62B
Earnings From Continuing Operations	107B	43.2B	126B	146B	244B
Net Income to Company	107B	43.2B	126B	146B	244B
Minority Interest	-20.16B	-2.56B	-12.11B	-15.86B	-21.54B
Net Income - (IS)	87.12B	40.64B	114B	130B	222B
Net Income to Common Incl Extra Items	87.12B	40.64B	114B	130B	222B
Net Income to Common Excl. Extra Items	87.12B	40.64B	114B	130B	222B
Per Share Items
Net EPS - Basic	25.94	12.09	33.82	38.84	66.07
Basic EPS - Continuing Operations	25.94	12.09	33.82	38.84	66.07
Basic Weighted Average Shares Outstanding	3.36B	3.36B	3.36B	3.36B	3.36B
Net EPS - Diluted	25.91	12.08	33.8	38.83	66.04
Diluted EPS - Continuing Operations	25.91	12.08	33.8	38.83	66.04
Diluted Weighted Average Shares Outstanding	3.36B	3.36B	3.36B	3.36B	3.36B
Normalized Basic EPS	25.43	6.16	22.83	30.94	48.93
Normalized Diluted EPS	25.4	6.16	22.82	30.92	48.91
Dividend Per Share	15	7.5	10	13	20
Payout Ratio	53.87	63.16	35.43	29.54	22.65
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	483B	265B	247B	329B	419B
EBITA	159B	26.8B	112B	180B	263B
EBIT	159B	26.8B	112B	180B	263B
Effective Tax Rate - (Ratio)	428.48	12.47	27.65	23.45	22.72
Normalized Net Income	85.43B	20.71B	76.65B	104B	164B
Non-Cash Pension Expense	10.12B	9.21B	14.83B	15.48B	18.62B
Supplemental Operating Expense Items
Advertising Expense	52.69B	50.17B	50.61B	53.04B	52.79B
Selling and Marketing Expenses	52.69B	50.17B	50.61B	53.04B	52.79B
Research And Development Expense From Footnotes	73.67B	68.38B	72.07B	75.29B	77.64B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	282B	245B	314B	348B	431B
Total Cash And Short Term Investments	282B	245B	314B	348B	431B
Accounts Receivable, Total	612B	655B	744B	805B	916B
Total Receivables	612B	655B	744B	805B	916B
Inventory	726B	713B	799B	877B	975B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1,219B	841B	946B	1,013B	1,098B
Total Current Assets	2,838B	2,455B	2,803B	3,042B	3,420B
Net Property Plant And Equipment	889B	873B	888B	926B	1,002B
Long-term Investments	672B	905B	873B	946B	1,271B
Goodwill	124B	124B	129B	131B	172B
Other Intangibles, Total	78.91B	74.72B	70.4B	70.16B	93.79B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	383B	378B	352B	359B	297B
Other Long-Term Assets, Total	5M	5M	2M	5M	4M
Total Assets	4,986B	4,811B	5,116B	5,475B	6,256B
Liabilities
Accounts Payable, Total	824B	764B	863B	895B	959B
Short-term Borrowings	150B	247B	67.32B	61.93B	72.07B
Current Portion of Long-Term Debt	619B	199B	237B	287B	307B
Current Income Taxes Payable	28.99B	12.24B	28.78B	19.66B	55.23B
Other Current Liabilities	1,187B	1,124B	1,284B	1,360B	1,547B
Total Current Liabilities	2,809B	2,345B	2,481B	2,624B	2,941B
Long-Term Debt	602B	791B	774B	843B	764B
Pension & Other Post Retirement Benefits	146B	124B	76.82B	76.15B	73.16B
Deferred Tax Liability Non Current	7.32B	6.6B	6.22B	10.46B	9.99B
Other Non Current Liabilities	132B	104B	116B	86.7B	108B
Total Liabilities	3,696B	3,371B	3,454B	3,641B	3,896B
Common Stock, Total	266B	266B	266B	266B	266B
Additional Paid In Capital	49.67B	47.26B	45.06B	41.26B	41.19B
Retained Earnings	886B	953B	1,099B	1,218B	1,433B
Treasury Stock	-5.37B	-4.45B	-5.95B	-5.38B	-4.83B
Comprehensive Income and Other	22.14B	105B	173B	221B	509B
Total Common Equity	1,218B	1,366B	1,577B	1,741B	2,245B
Minority Interest	71.73B	73.05B	85.92B	93.01B	116B
Total Equity	1,290B	1,439B	1,663B	1,834B	2,361B
Total Liabilities And Equity	4,986B	4,811B	5,116B	5,475B	6,256B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.36B	3.36B	3.36B	3.36B	3.36B
ECS Total Common Shares Outstanding	3.36B	3.36B	-	3.36B	3.36B
Book Value / Share	362.77	406.47	469.64	518.31	667.86
Tangible Book Value	1,015B	1,167B	1,378B	1,540B	1,978B
Tangible Book Value Per Share	302.21	347.21	410.34	458.37	588.63
Total Debt	1,371B	1,236B	1,078B	1,192B	1,143B
Net Debt	1,089B	991B	764B	845B	712B
Debt Equivalent of Unfunded Proj. Benefit Obligation	127B	45.87B	-15.97B	-44.67B	-295B
Minority Interest, Total (Incl. Fin. Div)	71.73B	73.05B	85.92B	93.01B	116B
Equity Method Investments, Total	178B	183B	213B	227B	269B
Inventories - Raw Materials, Total	131B	143B	164B	166B	196B
Inventories - Work In Process, Total	354B	326B	354B	392B	421B
Inventories - Finished Goods, Total	186B	198B	239B	275B	316B
Inventories - Others	54.93B	47.47B	42.13B	43.98B	40.94B
Full Time Employees	81.63K	79.97K	77.99K	76.86K	77.7K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-
Order Backlog	5,420B	5,146B	5,489B	6,062B	8,401B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-32.66B	49.36B	174B	191B	315B
Depreciation & Amortization - CF	324B	238B	136B	149B	156B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	324B	238B	136B	149B	156B
(Gain) Loss From Sale Of Asset	6.86B	-38.66B	-32.2B	-21.86B	-21.43B
(Gain) Loss on Sale of Investments - (CF)	-	-83.04B	-	-	-
(Income) Loss On Equity Investments - (CF)	-12.9B	-15.16B	-16.86B	-13.5B	-2.15B
Other Operating Activities, Total	-49.16B	-83.64B	18.46B	-56.5B	-67.87B
Change In Accounts Receivable	65.08B	-27.74B	-51.03B	-32.98B	-60.3B
Change In Inventories	39.16B	57.22B	-89.96B	-65.69B	-70.4B
Change In Accounts Payable	-27.86B	-68.73B	73.1B	-55.68B	20.73B
Change in Other Net Operating Assets	140B	-123B	74.58B	-12.57B	61.52B
Cash from Operations	453B	-94.95B	286B	80.89B	331B
Capital Expenditure	-246B	-146B	-129B	-132B	-160B
Sale of Property, Plant, and Equipment	31.13B	43.96B	51.74B	38.06B	37.26B
Cash Acquisitions	-28.73B	-	4.8B	-2.56B	-73.59B
Divestitures	1.65B	775M	10.5B	-944M	-
Investment in Marketable and Equity Securities, Total	10.06B	-3.28B	83.66B	54.06B	44.45B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-369M	-7.55B	1.8B	-1.27B	1.1B
Other Investing Activities, Total	-7.02B	-69.94B	-6.95B	-1.03B	20.2B
Cash from Investing	-240B	-182B	16.31B	-45.58B	-131B
Short Term Debt Issued, Total	-	96.78B	-	-	9.28B
Long-Term Debt Issued, Total	65.34B	278B	77.33B	70.97B	48B
Total Debt Issued	65.34B	374B	77.33B	70.97B	57.28B
Short Term Debt Repaid, Total	-19.8B	-	-182B	-4.53B	-
Long-Term Debt Repaid, Total	-111B	-68.15B	-76.34B	-108B	-79.65B
Total Debt Repaid	-130B	-68.15B	-259B	-112B	-79.65B
Repurchase of Common Stock	-	-	-2.55B	-16M	-
Common & Preferred Stock Dividends Paid	-46.93B	-25.67B	-40.22B	-38.53B	-50.29B
Common & Preferred Stock Dividends Paid	-46.93B	-25.67B	-40.22B	-38.53B	-50.29B
Other Financing Activities, Total	-92.55B	-58.73B	-31.67B	60.87B	-86.25B
Cash from Financing	-204B	222B	-256B	-18.9B	-159B
Foreign Exchange Rate Adjustments	-10.15B	19.26B	22.74B	17B	42.39B
Miscellaneous Cash Flow Adjustments	-1M	-	1M	-	-
Net Change in Cash	-1.61B	-36.2B	68.84B	33.41B	83.62B
Supplemental Items
Cash Interest Paid	10.44B	9.54B	10.56B	13.11B	11.18B
Cash Income Tax Paid (Refund)	63.16B	89.1B	1.79B	75.89B	49.2B
Levered Free Cash Flow	387B	310B	64.93B	13.65B	144B
Unlevered Free Cash Flow	393B	317B	72.69B	22.59B	152B
Change In Net Working Capital	-216B	-208B	3.66B	107B	7.8B
Net Debt Issued / Repaid	-64.96B	306B	-181B	-41.22B	-22.36B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.96	0.34	1.41	2.13	2.8
Return on Total Capital	3.69	0.63	2.58	3.91	5.03
Return On Equity %	7.06	3.17	8.1	8.37	11.61
Return on Common Equity	6.58	3.14	7.72	7.86	11.14
Margin Analysis
Gross Profit Margin %	17.57	15.77	16.99	18.2	19.97
SG&A Margin	11.65	11.58	11.91	12.37	11.75
EBITDA Margin %	11.95	7.16	6.41	7.82	8.99
EBITA Margin %	3.94	0.72	2.89	4.29	5.64
EBIT Margin %	3.94	0.72	2.89	4.29	5.64
Income From Continuing Operations Margin %	2.65	1.17	3.26	3.48	5.23
Net Income Margin %	2.16	1.1	2.94	3.1	4.77
Net Avail. For Common Margin %	2.16	1.1	2.94	3.1	4.77
Normalized Net Income Margin	2.11	0.56	1.99	2.47	3.53
Levered Free Cash Flow Margin	9.58	8.39	1.68	0.32	3.09
Unlevered Free Cash Flow Margin	9.73	8.56	1.88	0.54	3.26
Asset Turnover
Asset Turnover	0.8	0.76	0.78	0.79	0.79
Fixed Assets Turnover	4.83	4.2	4.38	4.63	4.83
Receivables Turnover (Average Receivables)	6.08	5.84	5.52	5.43	5.41
Inventory Turnover (Average Inventory)	4.55	4.33	4.24	4.1	4.03
Short Term Liquidity
Current Ratio	1.01	1.05	1.13	1.16	1.16
Quick Ratio	0.32	0.38	0.43	0.44	0.46
Operating Cash Flow to Current Liabilities	0.16	-0.04	0.12	0.03	0.11
Days Sales Outstanding (Average Receivables)	60.2	62.5	66.17	67.27	67.61
Days Outstanding Inventory (Average Inventory)	80.5	84.31	86.12	88.95	90.91
Average Days Payable Outstanding	92.99	93.36	90.27	91.28	88.72
Cash Conversion Cycle (Average Days)	47.71	53.45	62.02	64.93	69.8
Long Term Solvency
Total Debt/Equity	106.26	85.87	64.86	65.02	48.42
Total Debt / Total Capital	51.52	46.2	39.34	39.4	32.62
LT Debt/Equity	46.65	54.94	46.53	45.98	32.35
Long-Term Debt / Total Capital	22.61	29.56	28.23	27.87	21.8
Total Liabilities / Total Assets	74.12	70.08	67.51	66.5	62.27