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TYO:7011

7 stories mentioning TYO:7011

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Asia

Market Chatter: Mitsubishi Heavy Order Backlog Swells to Record 13 Trillion Yuan on AI, Defense Demand

Mitsubishi Heavy Industries (TYO:7011) is facing a record-breaking 13.2 trillion yen order backlog, driven by massive orders for gas turbines and weapons, the Financial Times reported Friday.Orders skyrocketed in 2025 to nearly four times the 2019-2022 average, fueled by the massive demands of AI infrastructure, the report said.Meanwhile, Japan's domestic defense budget has doubled to $66 billion over four years, a win for the contractor, according to the report.However, market analysts are now questioning whether the company can expand its production capacity fast enough to deliver on the orders, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Mitsubishi Heavy, PFN Forge AI Alliance to Boost Autonomy in Social Infrastructure, National Security

Mitsubishi Heavy Industries (TYO:7011) and Preferred Networks (PFN) have agreed to co-develop advanced AI technologies to boost the intelligence and autonomy of mission-critical systems, especially in Japan's social infrastructure and national security sectors.The partnership seeks to enable real-time situational assessment and response through autonomous AI, bolstering safety and resilience, according to a statement on Tuesday.The collaboration will combine Mitsubishi Heavy Industries' engineering strengths with PFN's AI foundation models to drive autonomous operations, predictive maintenance, and rapid crisis management.Depending on progress, the companies aim to finalize a capital and business alliance by fiscal 2026 to accelerate long-term R&D and commercialization.

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Asia

Mitsubishi Heavy Industries' Profit Surges 35% in Fiscal Year

Mitsubishi Heavy Industries' (TYO:7011) profit attributable to owners of the parent jumped 35% to 332.1 billion yen for fiscal 2025 from 245.4 billion yen a year earlier.The engineering company's earnings per share increased to 98.84 yen from 73.02 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue climbed 14% to 4.974 trillion yen for the year ended March 31 from 4.361 trillion yen in the prior year.In a separate disclosure, Mitsubishi Heavy raised its final dividend to 13 yen per share, from the initially planned 13 yen per share, payable from June 29.For the fiscal year 2026, the company expects an attributable profit of 380 billion yen, basic EPS of 113.09 yen, and revenue of 5.400 trillion yen.Mitsubishi Heavy Industries plans to pay interim and year-end dividends of 14 yen and 15 yen per share, respectively, for the year.

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Mitsubishi Heavy Industries' Fiscal 2025 Profit Jumps 35% on Energy, Defense Growth
Asia

Mitsubishi Heavy Industries' Fiscal 2025 Profit Jumps 35% on Energy, Defense Growth

Mitsubishi Heavy Industries (TYO:7011) posted a 35% increase in fiscal 2025 profit, supported by strong growth in its energy and defense businesses.Profit attributable to owners of the parent rose to 332.1 billion yen in the year ended March 31 from 245.4 billion yen a year earlier, while diluted earnings per share increased to 98.84 yen from 73.02 yen, according to a Tuesday filing with the Tokyo bourse.Revenue increased 14% to 4.974 trillion yen from 4.361 trillion yen in fiscal 2024.The Japanese industrial group said revenue growth was driven mainly by its aircraft, defense & space, and energy systems segments, while order intake rose to 7.654 trillion yen from 6.405 trillion yen."Business profit increased year over year in all segments," Mitsubishi Heavy said, adding that the strong performance helped offset losses in some thermal power projects and impairment charges in industrial power services.Mitsubishi Heavy is also revamping its gas turbine production operations to boost capacity and shorten manufacturing lead times as electricity demand from artificial intelligence data centers accelerates, Nikkei reported earlier this month.The report said President and Chief Executive Eisaku Ito is leading the initiative at the company's Takasago Machinery Works in western Japan, where more than 100 employees reviewed over 1,000 processes across procurement, assembly, testing, and design.Mitsubishi Heavy said it booked orders for 35 large-frame gas turbines during the year, with order intake surpassing the previous year's record high and the order backlog exceeding 5 trillion yen.The company added that it is working to expand production capacity and maximize throughput through lean operations to meet strong demand.Mitsubishi Heavy Industries raised its full-year dividend to 25 yen per share from 23 yen a year earlier and forecast a further increase to 29 yen for fiscal 2026.For fiscal 2026, the company forecast revenue of 5.4 trillion yen and profit attributable to owners of the parent of 380 billion yen.Mitsubishi Heavy said the outlook remained uncertain due to U.S. trade policy risks and heightened geopolitical tensions, including the situation in the Middle East.

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Asia

Market Chatter: Mitsubishi Heavy Revamps Gas Turbine Production Amid AI-Driven Demand

Mitsubishi Heavy Industries (TYO:7011) is overhauling gas turbine production to raise output and cut manufacturing time while limiting capital spending, as demand rises from power-hungry AI data centers, Nikkei reported Thursday.President Eisaku Ito is leading the company's Innovative Total Optimization project at the Takasago Machinery Works in western Japan, where more than 100 employees reviewed over 1,000 processes across procurement, assembly, testing and design, according to the report.The effort aims to improve efficiency in gas turbine combined cycle systems and reduce a growing order backlog. Orders at Mitsubishi Heavy's energy systems unit climbed about 40% to 3.6 trillion yen in the year ended March 2026, the report said.The company is streamlining production by separating assembly lines for different turbine models and reducing machinery changeovers. Mitsubishi Heavy aims to support roughly 30% higher production with limited additional investment, according to the report.The Japanese manufacturer plans to invest about 50 billion yen in turbine capacity, below expansion plans disclosed by rivals GE Vernova and Siemens Energy, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Japan Nuclear Firms Use VR to Address Skilled Labor Shortage

Japanese nuclear equipment makers are accelerating worker training with virtual reality and digital tools as Japan considers building new reactors for the first time since the 2011 Fukushima disaster, Nikkei reported Thursday.IHI (TYO:7013) launched a new welding program in January that combines classroom instruction, hands-on training and video materials captured through camera-equipped welding masks. The company said the system could cut training periods for some technicians to about one-fifth of previous levels, according to the report.Mitsubishi Heavy Industries (TYO:7011) has developed about 50 VR-based courses covering nuclear plant design, construction and maintenance, while Hitachi is digitizing technical expertise to improve knowledge transfer across its nuclear operations, the report said.The push comes as Japan's nuclear sector faces a shrinking skilled labor pool despite rising demand linked to AI-driven electricity consumption and renewed government support for nuclear power, according to the report.Shares of IHI jumped nearly 6%, while those of Mitsubishi Heavy fell almost 2% in recent trade in Japan.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Market Chatter: Japan Policy Shift on Arms Exports to Drive Capacity Push

Japan has relaxed restrictions on defense equipment exports, paving the way for overseas sales and prompting companies, including IHI (TYO:7013) and Mitsubishi Heavy Industries (TYO:7011), to expand capacity, Nikkei reported Tuesday.The changes, cleared by the cabinet of Prime Minister Sanae Takaichi, remove limits that confined shipments to noncombat roles, according to the report.Manufacturers are stepping up investment as global demand rises, particularly for missiles and air defense systems. Japanese companies are also seeking to fill supply gaps faced by the U.S. and other producers amid heightened geopolitical tensions, the report said.The shift signals stronger growth prospects for the sector, though constraints around labor, supply chains and limited combat track records remain, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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