Mitsubishi Heavy IndustriesMitsubishi Heavy Industries,Ltd.7011東証プライム機械FY ending Mar 2026, consolidated, IFRS

Mitsubishi Heavy Industries FY ending Mar 2026 results

About 42% of Mitsubishi Heavy Industries's sales come from Energy Systems, with Aircraft, Defense and Space and Plants and Infrastructure Systems making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed +14.1% from the prior year.

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +14.1%¥4.36T → ¥4.97T
Gross profit: +24.3%¥871.1B → ¥1.08T
Net income attributable to owners: +35.3%¥245.4B → ¥332.1B
Operating cash flow: +77.7%¥530.5B → ¥942.6B
Free cash flow: +162.8%¥289.8B → ¥761.6B

Results at a glance

Missiles, gas turbines and nuclear work lifted revenue +14.1% to ¥4.97T in FY ending Mar 2026.
Profit rose faster: net income attributable to owners was up +35.3% to ¥332.1B.
The cash story is bigger still. Customers paid more up front on new orders, so operating cash flow reached ¥942.6B (+77.7%) and free cash flow ¥761.6B (+162.8%).

What drove the change

Defense work drove the Aircraft, Defense and Space segment: missiles and defense aircraft sold more, and so did commercial aircraft.
Data centers need power, and that helped GTCC gas turbine plants grow in Energy Systems. Nuclear power systems grew too.
Advance payments on a larger order book (contract liabilities) added to operating cash flow on top of higher pretax income.

Things to watch

Late or over-budget projects, from design changes or supplier trouble, can turn into cost overruns and damage claims.
Higher prices for materials and shipping, plus swings in currency and interest rates, can raise production costs.
A cut in budget at a key customer the company depends on could hit sales.

Annual Securities Report / Management's Analysis of Financial Position, Operating Results and Cash Flows · Annual Securities Report / Business Risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Operating income is not disclosed; the chart goes straight to pretax income including investment gains

Where ¥100 of sales goes

For every ¥100 Mitsubishi Heavy Industries sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥78
SG&A: ¥13
Operating profit: ¥9
Net profit kept: ¥7

* This company does not report operating income, so it is calculated as gross profit minus SG&A. Equity-method income and dividends are not included, so net profit can be larger.

Annual margin trends

Gross margin21.8%

Net margin6.7%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Energy Systems¥2.05T
42%
Industry: Aerospace
Aircraft, Defense and Space¥1.39T
29%
Industry: Aerospace
Plants and Infrastructure Systems¥814.8B
17%
Industry: Shipbuilding
Logistics, Thermal and Drive Systems¥624.9B
13%
Industry: Air Conditioning

Profit by segment

※ Segments without disclosed profit are drawn entirely as costs

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書
ID S100YHZG2026-06-24Open
EDINET (FSA Japan)
有価証券報告書
ID S100W6XE2025-06-27Open
EDINET (FSA Japan)
有価証券報告書
ID S100TU2K2024-06-27Open
EDINET (FSA Japan)
有価証券報告書
ID S100R7E92023-06-29Open
EDINET (FSA Japan)
有価証券報告書
ID S100OKCL2022-06-29Open
EDINET (FSA Japan)
有価証券報告書
ID S100LUPR2021-06-29Open

Extracted from XBRL: 45 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Other periods

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open Markdown Share on X Save image