# Mitsubishi Heavy Industries vs Mitsubishi Materials vs NEC vs Secom

> Unit: JPY millions (ratios in %)
> Periods: Mitsubishi Heavy Industries = FY ending Mar 2026, consolidated, IFRS / Mitsubishi Materials = FY ending Mar 2026, consolidated, J-GAAP / NEC = FY ending Mar 2026, consolidated, IFRS / Secom = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T22:36:36.383Z

| Metric | Mitsubishi Heavy Industries | Mitsubishi Materials | NEC | Secom |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 4,974,168 | 1,844,053 | 3,582,733 | 1,256,896 |
| Operating income | — | 60,502 | 359,913 | 160,333 |
| Net income | 332,129 | 40,581 | 270,228 | 112,662 |
| COGS ratio | 78.2% | 89.2% | 67.0% | 68.3% |
| Operating margin | — | 3.3% | 10.0% | 12.8% |
| Net margin | 6.7% | 2.2% | 7.5% | 9.0% |
| FCF margin | 15.3% | -0.6% | 9.7% | 9.0% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YHZG | S100YFRY | S100YBFV | S100YICV |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Mitsubishi Heavy Industries | Mitsubishi Materials | NEC | Secom |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 22.7 (11 peers) | 18.8 (24 peers) | 18.2 (157 peers) | 35.7 (7 peers) |
| Profitability | — | 26 (25 peers) | 58.4 (196 peers) | 92.9 (7 peers) |
| Cash conversion | — | 22 (25 peers) | 80.3 (185 peers) | 78.6 (7 peers) |
| Efficiency | 73.1 (13 peers) | 30 (25 peers) | 15.6 (196 peers) | 7.1 (7 peers) |
| Financial strength | — | 50 (11 peers) | — | 62.5 (4 peers) |

## Company details

- https://vizora.meequs.com/en/company/mitsubishi-heavy-industries/md
- https://vizora.meequs.com/en/company/mitsubishi-materials/md
- https://vizora.meequs.com/en/company/nec/md
- https://vizora.meequs.com/en/company/secom/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).