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Mitsubishi Heavy Industries, 14% Increase in Net Income, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 1 Yen, This Fiscal Year to Increase Dividend by 4 Yen

Tue May 12, 2026 1:30 pm JST Earnings

7011 Mitsubishi Heavy Industries,Ltd. 【IFRS】

Earnings Report

Mitsubishi Heavy Industries,Ltd. <7011> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on May 12th (13:30). The consolidated net income for the fiscal year ended March 2026 expanded to 35.3% from the previous period to 332 billion yen, exceeding the previous forecast of 260 billion yen. For the fiscal year ending March 2027, the consolidated net income is expected to grow by 14.4% to 380 billion yen, marking the fourth consecutive term of record-high profits. This will be the sixth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 24 yen to 25 yen (compared to 23 yen in the prior term), and has decided to increase the dividend this fiscal year to 29 yen, an increase of 4 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income increased 65.2% from the same period last year, reaching 121 billion yen.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,657,147 ー 315,187 222,023 66.1 20 May 8, 2024 IFRS
Mar, 2025 4,361,127 ー 352,073 245,447 73.0 23 May 9, 2025 IFRS
Mar, 2026 4,974,168 ー 474,694 332,129 98.9 25 May 12, 2026 IFRS
YoY +14.1% － +34.8% +35.3% +35.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 4,800,000 ー 410,000 260,000 77.4 24 Feb 4, 2026 IFRS
Mar, 2026 Results 4,974,168 ー 474,694 332,129 98.9 25 May 12, 2026 IFRS
Revision Rate +3.6% － +15.8% +27.7% +27.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 2,113,717 ー 173,720 114,912 34.2 12 Nov 7, 2025 IFRS
Apr - Sep, 2026 Guidance ー ー ー ー － 14 May 12, 2026 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 4,361,127 ー 352,073 245,447 73.0 23 May 9, 2025 IFRS
Mar, 2026 4,974,168 ー 474,694 332,129 98.9 25 May 12, 2026 IFRS
Mar, 2027 Guidance 5,400,000 ー 530,000 380,000 113.1 29 May 12, 2026 IFRS
YoY +8.6% － +11.7% +14.4% +14.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 1,314,084 ー 97,837 73,337 21.8 0.0 May 9, 2025 IFRS
Apr - Jun, 2025 1,193,652 ー 94,963 68,227 20.3 0.0 Aug 5, 2025 IFRS
Jul - Sep, 2025 920,065 ー 78,757 46,685 13.9 0.0 Nov 7, 2025 IFRS
Oct - Dec, 2025 1,213,259 ー 155,541 96,084 28.6 0.0 Feb 4, 2026 IFRS
Jan - Mar, 2026 1,647,192 ー 145,433 121,133 36.1 0.0 May 12, 2026 IFRS
YoY +25.3% － +48.6% +65.2% +65.3%

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