M 
Mitsubishi Heavy Industries 7011.T · JPY
Industrials · Machinery · Tokyo Stock Exchange · 🇯🇵 Japan
2,912.5
-4.57%
Close of 6 Nov 2026, in JPY
At a glance
Figures in JPY, from our data supplier.
Revenue
¥4.97trn
FY2017FY2026
Net income
¥332.13bn
FY2017FY2026
Free cash flow
¥761.55bn
FY2017FY2026
Shareholders' equity
¥3.09trn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥4.97trn | ¥5.03trn | ¥4.66trn | ¥4.20trn | ¥3.86trn | ¥3.70trn | ¥4.04trn | ¥4.08trn | ¥4.09trn | ¥3.91trn |
| Gross profit | ¥1.08trn | ¥1.00trn | ¥906.33bn | ¥740.40bn | ¥633.61bn | ¥549.60bn | ¥672.66bn | ¥734.15bn | ¥805.25bn | ¥733.12bn |
| Research and development | ¥80.17bn | ¥74.27bn | ¥77.64bn | ¥75.29bn | ¥72.07bn | ¥68.38bn | ¥73.67bn | ¥59.82bn | ¥176.81bn | ¥106.73bn |
| Operating income | ¥452.76bn | ¥322.62bn | ¥234.77bn | ¥143.58bn | ¥99.19bn | ¥52.10bn | ¥126.16bn | ¥230.78bn | ¥44.11bn | ¥158.21bn |
| Net income | ¥332.13bn | ¥245.45bn | ¥222.02bn | ¥130.45bn | ¥113.54bn | ¥40.64bn | ¥87.12bn | ¥101.36bn | ¥70.48bn | ¥87.72bn |
| Diluted earnings per share | 98.82 | 73.03 | 66.06 | 38.80 | 33.79 | 12.10 | 25.90 | 30.13 | 20.97 | 26.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥8.27trn | ¥6.66trn | ¥6.26trn | ¥5.47trn | ¥5.12trn | ¥4.81trn | ¥4.99trn | ¥5.14trn | ¥5.49trn | ¥5.48trn |
| Cash and short-term investments | ¥1.33trn | ¥657.82bn | ¥431.29bn | ¥383.05bn | ¥385.21bn | ¥276.10bn | ¥310.17bn | ¥308.42bn | ¥313.46bn | ¥248.04bn |
| Total liabilities | ¥5.04trn | ¥4.19trn | ¥3.90trn | ¥3.64trn | ¥3.45trn | ¥3.37trn | ¥3.70trn | ¥3.39trn | ¥3.32trn | ¥3.37trn |
| Debt | ¥876.24bn | ¥1.12trn | ¥1.13trn | ¥1.18trn | ¥1.06trn | ¥1.22trn | ¥1.36trn | ¥1.09trn | ¥1.16trn | ¥934.42bn |
| Shareholders' equity | ¥3.09trn | ¥2.35trn | ¥2.24trn | ¥1.74trn | ¥1.58trn | ¥1.37trn | ¥1.22trn | ¥1.43trn | ¥1.83trn | ¥1.79trn |
| Shares outstanding | 3,361m | 3,361m | 3,361m | 3,362m | 3,360m | 3,359m | 3,364m | 3,364m | 3,362m | 3,365m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥942.62bn | ¥530.46bn | ¥331.19bn | ¥80.89bn | ¥285.56bn | −¥94.95bn | ¥452.56bn | ¥404.92bn | ¥345.11bn | ¥95.91bn |
| Capital spending | −¥181.06bn | −¥240.69bn | −¥160.49bn | −¥131.91bn | −¥129.26bn | −¥146.21bn | −¥246.29bn | −¥224.26bn | −¥165.17bn | −¥200.19bn |
| Free cash flow | ¥761.55bn | ¥289.77bn | ¥170.70bn | −¥51.02bn | ¥156.31bn | −¥241.16bn | ¥206.27bn | ¥180.66bn | ¥179.94bn | −¥104.27bn |
| Dividends paid | −¥80.48bn | −¥77.17bn | −¥50.29bn | −¥38.53bn | −¥40.22bn | −¥25.67bn | −¥46.93bn | −¥41.89bn | −¥40.21bn | −¥40.28bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.19trn | ¥1.65trn | ¥1.21trn | ¥920.07bn | ¥1.19trn | ¥1.48trn | ¥1.25trn | ¥1.19trn |
| Gross profit | ¥279.70bn | ¥361.91bn | ¥275.34bn | ¥179.23bn | ¥266.19bn | ¥276.02bn | ¥258.29bn | ¥256.41bn |
| Operating income | ¥126.90bn | ¥181.25bn | ¥121.54bn | ¥57.18bn | ¥89.90bn | ¥79.25bn | ¥85.32bn | ¥84.29bn |
| Net income | ¥134.68bn | ¥121.13bn | ¥96.08bn | ¥46.69bn | ¥68.23bn | ¥73.34bn | ¥64.99bn | ¥44.83bn |
| Diluted earnings per share | 40.07 | 36.04 | 28.59 | 13.89 | 20.30 | 21.82 | 19.34 | 13.34 |
| Cash from operations | ¥284.60bn | ¥685.88bn | ¥48.84bn | ¥118.24bn | ¥89.66bn | ¥546.25bn | −¥6.92bn | ¥58.96bn |
| Capital spending | −¥32.46bn | −¥32.75bn | −¥53.36bn | −¥52.85bn | −¥42.11bn | −¥69.44bn | −¥40.41bn | −¥42.06bn |
| Free cash flow | ¥252.14bn | ¥653.13bn | −¥4.52bn | ¥65.39bn | ¥47.55bn | ¥476.81bn | −¥47.33bn | ¥16.90bn |
| Total assets | ¥8.15trn | ¥8.27trn | ¥7.39trn | ¥7.00trn | ¥6.75trn | ¥6.66trn | ¥6.83trn | ¥6.48trn |
| Cash and short-term investments | ¥1.68trn | ¥1.33trn | ¥686.74bn | ¥716.10bn | ¥671.88bn | ¥657.82bn | ¥542.00bn | ¥535.84bn |
| Debt | ¥296.77bn | ¥876.24bn | ¥264.51bn | ¥989.65bn | ¥359.90bn | ¥1.13trn | ¥680.00bn | ¥1.38trn |
| Shareholders' equity | ¥3.17trn | ¥3.09trn | ¥2.65trn | ¥2.49trn | ¥2.38trn | ¥2.35trn | ¥2.34trn | ¥2.26trn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 6.1% | 2.1% |
| Operating income | 46.6% | 54.1% | 3.9% |
| Net income | 36.5% | 52.2% | 17.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.8% | 19.8% | 18.6% | 18.7% |
| Operating margin | 7.8% | 6.1% | 4.9% | 4.7% |
| Net margin | 5.8% | 4.9% | 4.1% | 3.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.8 | 52.6 | 33.6 | 21.2 | 15.5 | 22.0 | 12.2 | 14.1 | 18.9 | 16.1 |
| Price to sales | 2.2 | 2.6 | 1.6 | 0.7 | 0.5 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 14.00 | 37.00 | 23.00 | 15.00 | 11.50 | 12.00 | 7.50 | 14.00 |
- 10-for-1 split · 28 Mar 2024
- 10-to-1 reverse split · 27 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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