The earnings call demonstrates strong financial performance, particularly in revenue and order intake, alongside strategic challenges in specific segments such as Logistics Systems and one-time losses in SPC investments.

Company Guidance

During the Mitsubishi Heavy Industries FY 2024 Financial Results briefing, CFO Hisato Kozawa highlighted key financial metrics and revised guidance for the year. The company increased its full-year order intake forecast from JPY6 trillion to JPY6.4 trillion, driven by significant increases in GTCC, Aero Engines, and Metals Machinery orders, despite a decrease in Defense. Revenue rose across all segments, boosting both business profit and net income year-on-year. Total assets increased by JPY568.9 billion to JPY6,825.2 billion, influenced by a JPY90 billion currency translation effect due to yen depreciation. Operating cash flow improved, leading to a revised free cash flow forecast from negative JPY100 billion to zero. Business profit increased from JPY191.6 billion in FY 2023 to JPY264.7 billion in FY 2024, aided by revenue growth and yen depreciation. Segment-wise, Energy Systems and Plants & Infrastructure Systems saw strong order intake and profit increases, with the former benefitting from robust GTCC demand. However, the Logistics, Thermal & Drive Systems segment faced challenges, including production disruptions in turbochargers and a decline in Logistics Systems revenue and profit. The Aircraft, Defense & Space segment experienced a decrease in order intake due to prior large Defense projects but exceeded revenue and profit forecasts due to backlog execution and yen depreciation. Additionally, the company addressed technical issues and strategic moves related to the Nakoso and Hirono power plants as part of the Fukushima revitalization project.

Record Order Intake

Order intake reached record highs, driven by significant increases in GTCC, Aero Engines, and Metals Machinery, while Defense decreased. The full-year forecast was increased from JPY6 trillion to JPY6.4 trillion.

Strong Revenue and Profit Growth

Revenue increased across all segments, with business profit rising from JPY191.6 billion in Q1-Q3 FY 2023 to JPY264.7 billion in Q1-Q3 FY 2024, supported by yen depreciation and improved product mix.

Positive Cash Flow Forecast

Free cash flow forecast improved from negative JPY100 billion to zero due to increased profit and successful control of operating capital.

Energy Systems Segment Success

Order intake, revenue, and profit all increased in the Energy Systems segment, driven by booming demand for gas turbines.

Mitsubishi Heavy Industries (JP:7011) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

JP:7011 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q2)	21.04 / -	13.33	―	―	―
Aug 05, 2025	2025 (Q1)	18.75 / 20.32	18.53	9.66% (+1.79)
May 09, 2025	2024 (Q4)	31.17 / 21.83	24.985	-12.63% (-3.16)		―
Feb 04, 2025	2024 (Q3)	20.92 / 19.35	13.72	41.03% (+5.63)
Nov 05, 2024	2024 (Q2)	15.40 / 13.33	11.532	15.59% (+1.80)
Aug 06, 2024	2024 (Q1)	13.70 / 18.53	15.832	17.04% (+2.70)
May 08, 2024	2023 (Q4)	26.80 / 24.98	19.057	31.11% (+5.93)
Feb 06, 2024	2023 (Q3)	16.32 / 13.72	3.664	274.45% (+10.06)
Nov 06, 2023	2023 (Q2)	11.89 / 11.53	10.404	10.84% (+1.13)
Aug 04, 2023	2023 (Q1)	6.85 / 15.83	5.716	176.98% (+10.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JP:7011 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	¥3546.00	¥3749.00	+5.72%
May 09, 2025	¥2892.50	¥2731.50	-5.57%
Feb 04, 2025	¥2221.30	¥2208.36	-0.58%
Nov 05, 2024	¥2104.79	¥2051.51	-2.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mitsubishi Heavy Industries Ltd (JP:7011) report earnings?

Mitsubishi Heavy Industries Ltd (JP:7011) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is Mitsubishi Heavy Industries Ltd (JP:7011) earnings time?

Mitsubishi Heavy Industries Ltd (JP:7011) earnings time is at Oct 30, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Mitsubishi Heavy Industries Ltd stock?

The P/E ratio of Mitsubishi Heavy Industries is N/A.

What is JP:7011 EPS forecast?

JP:7011 EPS forecast for the fiscal quarter 2025 (Q2) is 21.04.

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