Mitsubishi Heavy Industries reported record highs in order intake, business profit, net income and free cash flow for FY2025. Order intake rose 20% year on year to ¥7,653.6 billion [approx. $51.0 billion], revenue increased 14% to ¥4,974.1 billion [approx. $33.2 billion], and business profit rose 22% to ¥432.2 billion [approx. $2.9 billion].
The company said order intake grew significantly in Energy Systems, with main contributions from Gas Turbine Combined Cycle, Nuclear Power and Engineering. Order backlog increased by ¥3,001.3 billion to ¥13,237.6 billion [approx. $88.3 billion] from the end of FY2024.
In Logistics, Thermal & Drive Systems, excluding Mitsubishi Logisnext, order intake declined to ¥638.1 billion [approx. $4.3 billion] and revenue declined to ¥630.8 billion [approx. $4.2 billion]. HVAC & Car A/C order intake was ¥361.0 billion [approx. $2.4 billion], while revenue was ¥353.1 billion [approx. $2.4 billion].
For FY2026, MHI forecasts order intake of ¥6.8 trillion [approx. $45.3 billion], revenue of ¥5.4 trillion [approx. $36.0 billion] and business profit of ¥540.0 billion [approx. $3.6 billion]. Industrial Solutions is forecast to post ¥750.0 billion [approx. $5.0 billion] in both order intake and revenue, with the company forecasting an increase in Engines and HVAC units sold.
The forecast excludes the impact from the situation in the Middle East. MHI said the current impact is limited but that it will continue to monitor developments closely.
