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Mitsubishi Heavy Industries, 6% Increase in Net Income, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 1 yen, This Fiscal Year to Increase Dividend by 1 yen

Fri May 9, 2025 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 9th (13:30). The consolidated net income for the fiscal year ending March 2025 increased 10.6% from the previous period to 245 billion yen. For the fiscal year ending March 2026, the consolidated net income is expected to grow by 5.9% to 260 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 22 yen to 23 yen (compared to 200 yen before the 10-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 24 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income decreased to 73.3 billion yen, a 12.7% decrease compared to the same period last year.

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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, 2023 4,202,797 ー 191,126 130,451 38.8 13 May 10, 2023 IFRS
Mar, 2024 4,657,147 ー 315,187 222,023 66.1 20 May 8, 2024 IFRS
Mar, 2025 5,027,176 ー 374,531 245,447 73.0 23 May 9, 2025 IFRS
YoY +7.9% － +18.8% +10.6% +10.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 5,000,000 ー 370,000 240,000 71.5 22 Feb 4, 2025 IFRS
Mar, 2025 Results 5,027,176 ー 374,531 245,447 73.0 23 May 9, 2025 IFRS
Revision Rate +0.5% － +1.2% +2.3% +2.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 2,298,113 ー 168,279 107,120 31.9 11 Nov 5, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － 12 May 9, 2025 IFRS
YoY － － － － －

Current Period Guidance

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 5,027,176 ー 374,531 245,447 73.0 23 May 9, 2025 IFRS
Mar, 2026 Guidance 5,400,000 ー 400,000 260,000 77.4 24 May 9, 2025 IFRS
YoY +7.4% － +6.8% +5.9% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 1,396,480 ー 107,588 83,973 25.0 0.0 May 8, 2024 IFRS
Apr - Jun, 2024 1,111,555 ー 101,306 62,286 18.5 0.0 Aug 6, 2024 IFRS
Jul - Sep, 2024 1,186,558 ー 66,973 44,834 13.3 0.0 Nov 5, 2024 IFRS
Oct - Dec, 2024 1,249,645 ー 106,610 64,990 19.3 0.0 Feb 4, 2025 IFRS
Jan - Mar, 2025 1,479,418 ー 99,642 73,337 21.8 0.0 May 9, 2025 IFRS
YoY +5.9% － -7.4% -12.7% -12.7%

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