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Mitsubishi Heavy Industries
Mitsubishi Heavy Industries (7011) investor relations material
Mitsubishi Heavy Industries Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 earnings summary4 Aug, 2026
Executive summary
Q1 FY2026 saw strong growth in order intake, revenue, and profit across all major segments, with significant contributions from Energy Systems and Industrial Solutions.
Revenue for the first quarter of FY2026 rose 15.5% year-over-year to ¥1,194.2 billion, with business profit up 65.1% to ¥159.6 billion and profit before income taxes up 99.0% to ¥176.4 billion.
Net income nearly doubled year-over-year to ¥134.7 billion, driven by higher business profit and foreign exchange gains from yen depreciation, with basic EPS at ¥40.08, up from ¥20.32.
Order backlog reached ¥14.1 trillion, up ¥865.3 billion from FY2025 year-end.
The company completed the sale of its Logisnext business, now classified as discontinued operations.
Financial highlights
Order intake: ¥2,022.4 billion (+26% YoY); revenue: ¥1,194.2 billion (+16% YoY); gross profit increased to ¥279.7 billion.
Business profit: ¥159.6 billion (+65% YoY); net income: ¥134.6 billion (+97% YoY); EBITDA: ¥190.3 billion (+52% YoY); EBITDA margin: 15.9% (+3.8 pts YoY).
Free cash flow: ¥391.5 billion (+¥327.1 billion YoY); operating cash flow: ¥284.6 billion (+¥194.9 billion YoY); net cash from investing activities turned positive at ¥106.9 billion, mainly due to Logisnext sale.
Interest-bearing debt: ¥519.8 billion (down ¥130.5 billion YoY); D/E ratio: 0.16; total assets as of June 30, 2026, were ¥8,151.3 billion, with equity attributable to owners at ¥3,171.2 billion.
Net interest-bearing debt reduced by ¥1,142.7 billion YoY.
Outlook and guidance
FY2026 revenue forecast maintained at ¥5,400.0 billion (+8.6% YoY); business profit forecast at ¥540.0 billion (+24.9% YoY).
Net income forecast at ¥380.0 billion (+14.4% YoY); EBITDA forecast at ¥660.0 billion (+19.2% YoY); basic EPS forecast at ¥113.09.
Free cash flow forecast revised upward to ¥600.0 billion.
Segment forecasts raised for Energy Systems and Aircraft, Defense & Space order intake.
Guidance excludes impact from Middle East situation; company monitoring currency and economic trends.
Detail the Logisnext share transfer loss and gain
Rationale for Data center move to Industrial
Impact of FX fluctuations on Q1 cash equivalents
Drivers for doubling the FY2026 FCF forecast
Basis for raising Defense order intake forecast
Impact of ML removal on consolidated margins
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Latest events from Mitsubishi Heavy Industries
- Record profit and cash flow growth, with FY2026 profit set to rise further amid global risks.7011
Q4 2026 - Record order intake and profit growth led to raised forecasts and key divestiture impact.7011Q3 2026
- Order intake and revenue rose, guidance was raised, and core segment performance was strong.7011Q2 2026
- Revenue and profit up, order intake down, record backlog, and currency effects impacted results.7011Q1 2026
- Record H1 profit and revenue growth, raised outlook, and asset gains expected.7011Q2 2025
- Record Q1 growth in orders, revenue, and profit, led by Energy Systems and Defense & Space.7011Q1 2025
- Record FY2024 results set the stage for further growth, despite global uncertainties.7011Q4 2025
- Order intake, revenue, and profit surged, prompting raised full-year guidance across all metrics.7011Q3 2025
Next Mitsubishi Heavy Industries earnings date
Q2 20276 Nov, 2026
Mitsubishi Heavy Industries
Next Mitsubishi Heavy Industries earnings date
Q2 20276 Nov, 2026
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Amina0781App Store
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