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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Heavy Industries, Ltd.    7011   JP3900000005

MITSUBISHI HEAVY INDUSTRIES, LTD.

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Mitsubishi Heavy Industries : Vestas - Agreement to acquire offshore business in joint venture approved by competition authorities

11/30/2020 | 09:49am EST

Recently Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries, Ltd. (MHI) announced an agreement to expand their partnership in sustainable energy.

The strengthened partnership entails that Vestas will acquire MHI's shares in the MHI Vestas Offshore Wind (MVOW) joint venture, and MHI will acquire 2.5 percent in Vestas and be nominated to a seat in Vestas' Board of Directors, ref. Company Announcement no. 33/2020 of 29 October 2020.

The transaction between Vestas and MHI was subject to regulatory approvals by the competition authorities and today the two companies received the official approval of the transaction from the European Commission.

Final closing of the transaction is expected to take place before year end.

The closing of the acquisition will not affect Vestas' full-year guidance for 2020.

Contact:

Tel: +45 6122 1913

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 3 685 B 35 313 M 35 313 M
Net income 2021 15 089 M 145 M 145 M
Net Debt 2021 1 330 B 12 747 M 12 747 M
P/E ratio 2021 51,4x
Yield 2021 2,40%
Capitalization 1 051 B 10 104 M 10 077 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,62x
Nbr of Employees 81 631
Free-Float 91,4%
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Technical analysis trends MITSUBISHI HEAVY INDUSTRIES, LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 2 946,00 JPY
Last Close Price 3 129,00 JPY
Spread / Highest target 14,4%
Spread / Average Target -5,85%
Spread / Lowest Target -16,9%
EPS Revisions
Managers and Directors
NameTitle
Seiji Izumisawa President, CEO, Director & Chief Strategy Officer
Shunichi Miyanaga Chairman
Hisato Kozawa CFO, Representative Director & Executive Officer
Michisuke Nayama Chief Technology Officer & Executive VP
Eisaku Ito CTO, Executive Officer & GM-ICT Solutions
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