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Mitsubishi Heavy Industries falls in afternoon trading, drops below 200-day moving average as projected decline in orders weighs despite record profit forecast

Tue May 12, 2026 2:06 pm JST Catalyst

Mitsubishi Heavy Industries, Ltd. <7011> extended losses in afternoon trading on May 12, breaking below its 200-day moving average to hit its lowest level since January. At 1:30 p.m., the company released its results for the fiscal year ended March 2026 and issued guidance for the year ending March 2027. MHI projects current-year sales of 5.4 trillion yen, up 8.6% year-on-year, and net profit of 380 billion yen, up 14.4%, following prior-year results that outperformed initial targets. While the company expects a second straight year of record profits, projected order intake is forecast at 6.8 trillion yen, down 11.2%. The anticipated decline in defense, space, and energy segment orders weighed on investor sentiment. MHI raised its previous year-end dividend by 1 yen to 13 yen, for an annual total of 25 yen, and set the current-year forecast at 29 yen, up 4 yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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