7011
Mitsubishi Heavy Industries,Ltd.
三菱重工業株式会社
Machinery
Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through four segments: Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, engine power plants, and oil and gas production plants, as well as distributed power for total energy solutions and fuel cells; civil aircrafts and aeroengines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and MHI launch services, rocket engines, human spaceflight and exploration related equipment, rocket launch facility, rocket engine combustion test facility, and satellite/components. It also provides cruise ships and ferries, LNG and LPG carrier, commercial and special purpose ships, marine machinery, marine boiler, marine turbine, marine solution, marine high speed engines, and marine structures, as well as engineering business; transportation and intelligent transport systems; logistics and material handling machinery; and environment products. In addition, the company offers rubber and tire machinery, turbochargers, car air-conditioning and refrigeration systems, testing equipment, and engine; printing machinery, paper converting machinery, metals machinery, compressors and mechanical turbines, hydraulic components, particle accelerator, pumps, air-conditioning and refrigeration systems, carrier systems, special systems, food and packaging machinery, and testing equipment; and control systems, gas holder, vibration control systems, water pipes, tunnel excavation machinery, and data center. Further, it provides living and leisure; defense products comprising special vehicles, naval ship and maritime systems, defense aircraft, helicopter, defense aeroengine, guided weapon systems, and cybersecurity; and engineering products. The company was founded in 1884 and is headquartered in Chiyoda, Japan.
Price
¥3,806
Market Cap
¥12.8T
Ent. Value
—
Net Cash
est
—
Shares Out.
3.4B
P / E
52.1×
EV / EBIT
—
P / Book
—
P / NCAV
N/M
Div. Yield
0.60%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥5,027.2B | ¥4,657.1B | ¥4,202.8B | ¥3,860.3B |
| Cost of Sales | ¥3,995.9B | ¥3,727.0B | ¥3,437.8B | ¥3,204.4B |
| Gross Profit | ¥1,031.2B | ¥930.1B | ¥765.0B | ¥655.9B |
| SG&A | ¥716.9B | ¥695.3B | ¥623.6B | ¥556.7B |
| Non-Operating Income | ¥13.6B | ¥49.9B | ¥29.0B | ¥31.9B |
| Non-Operating Expenses | ¥22.3B | ¥17.3B | ¥31.2B | ¥18.5B |
| Pre-tax Income | ¥374.5B | ¥315.2B | ¥191.1B | ¥173.7B |
| Net Income (owners) | ¥245.4B | ¥222.0B | ¥130.5B | ¥113.5B |
| Minority Interest | ¥16.5B | ¥21.5B | ¥15.9B | ¥12.1B |
| Comprehensive Income | ¥203.2B | ¥587.9B | ¥219.5B | ¥268.5B |
| EPS | ¥73.04 | ¥66.07 | ¥388.43 | ¥338.24 |
| Shares Outstanding | 3.37B | 336.9M | 336.9M | 336.9M |
| Shares Issued (total) | 3.37B | 337.4M | 337.4M | 337.4M |
| Treasury Shares | 4.4M | 0.5M | 0.5M | 0.5M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥6,658.9B | ¥6,256.3B | ¥5,474.8B | ¥5,116.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥3,911.6B | ¥3,419.9B | ¥3,042.3B | ¥2,803.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥657.8B | ¥431.3B | ¥347.7B | ¥314.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥2,747.3B | ¥2,836.3B | ¥2,432.5B | ¥2,313.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥935.1B | ¥908.4B | ¥839.8B | ¥790.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥172.9B | ¥172.5B | ¥131.2B | ¥128.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥87.3B | ¥93.8B | ¥70.2B | ¥70.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥259.9B | ¥297.0B | ¥358.8B | ¥352.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥4,189.1B | ¥3,895.6B | ¥3,640.8B | ¥3,453.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥3,146.3B | ¥2,940.5B | ¥2,624.2B | ¥2,480.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,042.8B | ¥955.1B | ¥1,016.7B | ¥973.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥9.6B | ¥10.0B | ¥10.5B | ¥6.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥2,469.8B | ¥2,360.7B | ¥1,834.0B | ¥1,662.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥44.7B | ¥41.2B | ¥41.3B | ¥45.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥1,588.6B | ¥1,433.3B | ¥1,218.2B | ¥1,099.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-16.5B | ¥-4.8B | ¥-5.4B | ¥-5.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥464.2B | ¥509.4B | ¥221.3B | ¥172.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥2,346.7B | ¥2,244.6B | ¥1,741.0B | ¥1,576.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥123.1B | ¥116.0B | ¥93.0B | ¥85.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥657.8B | ¥431.3B | ¥347.7B | ¥314.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-277.5B | ¥-475.7B | ¥-598.5B | ¥-650.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-82 | ¥-1,412 | ¥-1,777 | ¥-1,932 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥696 | ¥6,662 | ¥5,168 | ¥4,680 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥530.5B | ¥331.2B | ¥80.9B | ¥285.6B |
| Investing CF | ¥-187.7B | ¥-131.0B | ¥-45.6B | ¥16.3B |
| Financing CF | ¥-114.1B | ¥-158.9B | ¥-18.9B | ¥-255.8B |
| Free Cash Flow | ¥530.5B | ¥331.2B | ¥80.9B | ¥285.6B |
| Net Change in Cash | ¥226.5B | ¥83.6B | ¥33.4B | ¥68.8B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 10.2% | 10.6% | 7.5% | 6.8% |
| ROA | 3.8% | 3.8% | 2.5% | 2.2% |
| EPS | ¥73.04 | ¥66.07 | ¥388.43 | ¥338.24 |
| DPS | ¥23.00 | ¥200.00 | ¥130.00 | ¥100.00 |
| FCF/Share | ¥157 | ¥983 | ¥240 | ¥848 |
| NCAV/Share | ¥-82 | ¥-1,412 | ¥-1,777 | ¥-1,932 |
| Payout Ratio | 31.5% | 302.7% | 33.5% | 29.6% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 5
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-12
13:30
|
Div Increase | ¥43.8B ¥13.0/sh +8% | Mitsubishi Heavy Industries,Ltd. (MHI) announced a dividend increase for fiscal year ending March 31, 2026, raising the … | |
|
Summary
Mitsubishi Heavy Industries,Ltd. (MHI) announced a dividend increase for fiscal year ending March 31, 2026, raising the per-share dividend by ¥1.00 to ¥13.00 (8.3% increase YoY). Total dividend payout of ¥43.8 billion will be sourced from retained earnings, with an effective date of June 29, 2026. The company reaffirmed its DOE 4%+ dividend policy balancing growth with shareholder returns.
YoY: +8%
Source (JP)
2026年3月期の期末配当金につきましては、直近予想に対して1円増配の1株当たり13円といたしました。年間の配当金は、第2四半期末と合わせ1株当たり25円となります。
剰余金の配当に関するお知らせ
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
529,180 | 15.70% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
188,481 | 5.59% |
| 3 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
|
88,964 | 2.64% |
| 4 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社 (常任代理人 株式会社日本カストディ銀行)
|
80,022 | 2.37% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
|
64,814 | 1.92% |
| 6 |
BNY Mellon (Nominee)
THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DEPOSITARY RECEIPT HOLDERS (常任代理人 株式会社みずほ銀行決済営業部)
|
52,189 | 1.54% |
| 7 |
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY (常任代理人 シティバンク、エヌ・エイ東京支店)
|
51,974 | 1.54% |
| 8 |
BNY Mellon (Nominee)
THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DR HOLDERS (常任代理人 株式会社三菱UFJ銀行)
|
46,922 | 1.39% |
| 9 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
|
45,327 | 1.34% |
| 10 |
Stock Ownership Plan
三菱重工持株会
|
39,036 | 1.15% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
21.3%
-0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
8.8%
+2.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
5.1%
-1.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 35.2% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 15.94% | 15.42% | 15.70% +0.28% | |
| Japan Custody Bank 日本カストディ銀行 | 5.50% | 6.11% | 5.59% -0.52% | |
| State Street | 4.02% | 4.87% | 4.56% -0.31% | |
| BNY Mellon NEW ENTRY | 1.43% | — | 2.93% NEW | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 2.37% | 2.37% | 2.37% | |
| GOVERNMENT OF NORWAY ↑ | — | 1.14% | 1.54% +0.40% | |
| JP Morgan | 1.11% | 1.16% | 1.34% +0.18% | |
| Stock Ownership Plan 三菱重工持株会 | 1.65% | 1.33% | 1.15% -0.18% | |
| 三菱UFJ銀行 last seen 2024 | Exited Top 10 | — | 1.45% | — |
| 野村信託銀行株式会社(退職給付信託三菱UFJ銀行口) last seen 2023 | Exited Top 10 | 1.93% | — | — |
| Concentration (HHI) ⓘ | 316 | 311 | 318 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥160,661M
-36% since 2023
Holdings
33
+1 new
7 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥160,661M total | FY2023 ¥249,310M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
| Vestas Wind Systems A/S | 52,050 |
25,246,000
|
98,271 | 25,246,000 | |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
21,153 |
+400.1%
↑
7,412,000
|
23,436 | 1,482,000 | M |
|
NYK Line Co.
日本郵船㈱
|
15,146 |
-50.0%
↓
3,077,000
|
19,015 | 6,155,000 | M |
|
The Kansai Electric Power Company, Incorporated
関西電力㈱
|
10,626 |
5,995,000
|
7,739 | 5,995,000 | |
|
MITSUBISHI MOTORS CORPORATION
三菱自動車工業㈱
|
8,820 |
21,572,000
|
11,260 | 21,572,000 | |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
5,712 |
+200.0%
↑
1,935,000
|
4,731 | 645,000 | M |
|
The Japan Steel Works, Ltd.
㈱日本製鋼所
|
5,268 |
1,006,000
|
2,494 | 1,006,000 | |
|
Kyushu Electric Power Company, Incorporated
九州電力㈱
|
5,189 |
3,975,000
|
3,009 | 3,975,000 | |
|
Mitsubishi Research Institute, Inc.
㈱三菱総合研究所
|
4,577 |
975,000
|
4,972 | 975,000 | M |
|
Japan Engine Corporation
㈱ジャパンエンジンコーポレーション
|
4,240 |
+200.2%
↑
1,243,000
|
528 | 414,000 | M |
|
Tokyo Electric Power Company Holdings, Incorporated
東京電力ホールディングス㈱
|
3,479 |
8,098,000
|
3,830 | 8,098,000 | |
|
Namura Shipbuilding Co.,Ltd.
㈱名村造船所
|
3,228 |
1,413,000
|
491 | 1,413,000 | M |
|
Chubu Electric Power Company,Incorporated
中部電力㈱
|
2,798 |
1,724,000
|
2,411 | 1,724,000 | |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学㈱
|
2,565 |
1,103,000
|
2,165 | 1,103,000 | M |
|
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング㈱
|
1,880 |
457,000
|
3,018 | 457,000 | |
|
SEIKA CORPORATION
西華産業㈱
|
1,786 |
-50.0%
↓
413,000
|
1,697 | 826,000 | M |
|
TOKYO SANGYO CO.,LTD.
東京産業㈱
|
1,704 |
-37.1%
↓
2,463,000
|
2,880 | 3,913,000 | M |
|
Shimadzu Corporation
㈱島津製作所
|
1,701 |
456,000
|
1,888 | 456,000 | M |
|
Mitsubishi Steel Mfg. Co.,Ltd.
三菱製鋼㈱
|
1,632 |
1,000,000
|
1,170 | 1,000,000 | M |
|
Electric Power Development Co., Ltd.
電源開発㈱
|
1,587 |
626,000
|
1,336 | 626,000 | M |
|
Sansha Electric Manufacturing Co.,Ltd.
㈱三社電機製作所
|
1,154 |
1,335,000
|
1,268 | 1,335,000 | |
|
Tohoku Electric Power Company,Incorporated
東北電力㈱
|
862 |
835,000
|
550 | 835,000 | |
|
The Chugoku Electric Power Company, Incorporated
中国電力㈱
|
825 |
960,000
|
646 | 960,000 | |
| HydrogenPro ASA | 775 |
+118.0%
↑
11,731,000
|
1,720 | 5,381,000 | |
|
MIYAJI ENGINEERING GROUP, INC.
宮地エンジニアリンググループ㈱
|
573 |
+301.2%
↑
321,000
|
300 | 80,000 | |
|
ANA HOLDINGSINC.
ANAホールディングス㈱
|
530 |
192,000
|
553 | 192,000 | |
|
Hokkaido Electric Power Company, Incorporated
北海道電力㈱
|
409 |
538,000
|
261 | 538,000 | |
|
Shikoku Electric Power Company, Incorporated
四国電力㈱
|
120 |
104,000
|
78 | 104,000 | |
| 近畿車輌㈱ | 115 |
NEW
New
77,000
|
— | M | |
|
Nicchitsu Co., Ltd.
㈱ニッチツ
|
106 |
-39.2%
↓
62,000
|
128 | 102,000 | |
|
Hokuriku Electric Power Company
北陸電力㈱
|
51 |
61,000
|
36 | 61,000 | |
|
Yamaguchi Finacial Group,Inc.
㈱山口フィナンシャルグループ
|
— | — | |||
|
Tokai Kisen Co., Ltd.
東海汽船㈱
|
— | — | |||
|
TORAY INDUSTRIES,INC.
東レ㈱
|
— |
−100%
Exit
—
|
4,083 | 5,398,000 | M |
|
Mitsui O.S.K. Lines, Ltd.
㈱商船三井
|
— |
−100%
Exit
—
|
2,045 | 617,000 | M |
|
Mitsubishi Kakoki Kaisha, Ltd.
三菱化工機㈱
|
— |
−100%
Exit
—
|
699 | 312,000 | M |
| MIND Technology, Inc. | — |
−100%
Exit
—
|
159 | 174,000 | |
|
Mitsubishi Corporation
三菱商事㈱
|
— |
−100%
Exit
—
|
39,536 | 8,321,000 | M |
|
Mitsubishi Logistics Corporation
三菱倉庫㈱
|
— |
−100%
Exit
—
|
793 | 255,000 | M |
|
HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD.
㈱放電精密加工研究所
|
— |
−100%
Exit
—
|
114 | 200,000 | M |
| Portfolio total | 160,661 | 249,310 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding