Mitsubishi Heavy sees 10% operating profit growth this year on robust defence demand

Reuters

Thu, May 8, 2025, 10:04 PM 1 min read

TOKYO (Reuters) -Japan's Mitsubishi Heavy Industries (MHI) connected Friday projected a 9.6% maturation successful operating nett this twelvemonth connected robust defence request without weaving successful interaction of U.S. tariffs, aft its fiscal 2024-25 net missed expert expectations.

The institution expects operating nett of 420 cardinal yen ($2.9 billion) for the existent fiscal twelvemonth to March 2026, aft posting a 383.2 cardinal yen nett successful the just-ended concern year, which marked a 35.6% growth.

In the ongoing year, the operating nett successful the aerospace and defence conception would turn 40%, portion that successful the vigor systems, including powerfulness procreation instrumentality similar turbines, would summation 17%, it said.

The forecast "does not see upside oregon downside hazard from U.S. tariff argumentation impact", MHI said successful a presentation.

For the afloat 2024-25 year, revenues came to 5.02 trillion yen, somewhat supra analysts' mean estimation successful the information compiled by LSEG, but pretax nett was astatine 374.5 cardinal yen, beneath the statement 401.6 cardinal yen estimate.

($1 = 145.5000 yen)

(Reporting by Kantaro Komiya; Editing by Mrigank Dhaniwala)