Orders increased YoY in the three segments of Energy Systems, Logistics, Thermal & Drive Systems, and Aircraft, Defense & Space.
Gas Turbine Combined Cycle (GTCC) orders grew mainly in Americas, Asia, and Middle East, increasing 57% YoY to ¥536.8 bn.
Revenue: ¥2,938.0 bn (+¥292.6 bn YoY)
Revenue grew in the three segments of Energy Systems, Logistics, Thermal & Drive Systems, and Aircraft, Defense & Space
Business Profit: ¥105.2 bn (+¥24.4 bn YoY)
Despite downward pressure from rising global inflation, business profit increased 30% YoY to ¥105.2 bn due to increased revenue, pricing improvements, fixed cost reductions, and foreign exchange effects
Net Income: ¥66.4 bn (+¥16.4 bn YoY)
Net income increased 33% YoY to ¥66.4 bn corresponding with higher business profit results
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Mitsubishi Heavy Industries Ltd. published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 09:41:41 UTC.
Mitsubishi Heavy Industries, Ltd. is a diversified group organized around 4 business segments:
- manufacturing of systems and components for energy production units (42.6% of net sales): offshore wind turbines, pumps, turbochargers, reactors, compressors, aero-engines, gas turbines, nuclear power generators, etc.;
- shipbuilding and industrial construction (41.1%): construction of ships, land transport systems, machinery and industrial installations, environmental systems (industrial wastewater treatment systems, air pollution control units, marine pollution prevention systems, waste incinerators, etc.), handling equipment, machine tools, air conditioning and refrigeration systems, toll systems, etc.;
- construction of avionics, defence and aerospace systems (15.7%);
- other (0.3%).
Net sales are distributed geographically as follows: Japan (48.9%), Asia (17.4%), the United States (14.8%), Europe (9.4%), Middle East (2.9%), Central and South America (2.8%), Africa (1.3%) and other (2.5%).
MITSUBISHI HEAVY INDUSTRIES, LTD. 
