Mitsubishi Heavy Industries Raises FY2026 Revenue Outlook to ¥6 Trillion

Mitsubishi Heavy Industries raised its FY2026 revenue forecast to ¥6 trillion after first-half sales and profit climbed, while also lifting profit projections and approving a share repurchase of up to ¥300 billion.

Revenue for the six months ended Sept. 30, 2026, increased 19.4% year over year to ¥2.523 trillion. Profit from business activities rose 45.3% to ¥249.3 billion, and profit before income taxes climbed 51.5% to ¥263.2 billion.

Profit attributable to owners of the parent increased 76.9% to ¥203.3 billion. Basic earnings per share were ¥60.49 and diluted earnings per share were ¥60.47 under International Financial Reporting Standards (IFRS).

For FY2026, which ends March 31, 2027, Mitsubishi Heavy Industries now expects revenue of ¥6 trillion, up from ¥5.4 trillion. The revised forecast also puts profit from business activities at ¥600 billion, compared with ¥540 billion previously, and profit before income taxes at ¥600 billion, up from ¥530 billion. Profit attributable to owners of the parent is forecast at ¥440 billion, up from ¥380 billion. Mitsubishi Heavy Industries expects revenue to rise 20.6% from a year earlier, profit from business activities to rise 38.8% and parent-attributable profit to rise 32.5%. Forecast basic earnings per share are ¥130.91.

The company cited progress through the second quarter, including “steady progress in project execution in Energy Systems and Aircraft, Defense & Space, as well as improved profitability in GTCC and other businesses.”

Mitsubishi Heavy Industries also recorded a ¥67.5 billion provision for anticipated warranty expenses related to its Nakoso and Hirono integrated coal gasification combined cycle plants. The company said the provision is reflected in its full-year forecast.

The board approved a buyback of up to 120 million shares, equal to 3.6% of issued shares excluding treasury shares, for up to ¥300 billion. The repurchase period is scheduled to run from Nov. 9, 2026, through Nov. 8, 2027.