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70112026 Full YearPrimeIFRS

Mitsubishi Heavy Industries (7011) FY2026 FY Earnings Report

For FY2026 FY, revenue came to ¥4.97T (+14.1% year on year) and operating income ¥432.2B. The segment drivers and cash flow follow.

Machinery


Financial Highlights

  • Net Sales: ¥4.97T
  • Operating Income: ¥432.22B
  • Net Income: ¥345.94B
  • EPS: ¥98.86

Income Statement

ItemCurrentPriorYoY %
Net Sales¥4.97T¥4.36T+14.1%
Cost of Sales¥3.89T¥3.49T+11.5%
Gross Profit¥1.08T¥871.12B+24.3%
SG&A Expenses¥632.81B¥584.09B+8.3%
Operating Income¥432.22B¥354.96B+21.8%
Equity Method Investment Income¥16.69B−¥2.61B+740.2%
Profit Before Tax¥474.69B¥352.07B+34.8%
Income Tax Expense¥116.31B¥106.41B+9.3%
Net Income¥345.94B¥262.00B+32.0%
Net Income Attributable to Owners¥332.13B¥245.45B+35.3%
Total Comprehensive Income¥838.94B¥203.21B+312.8%
Basic EPS¥98.86¥73.04+35.4%
Diluted EPS¥98.84¥73.02+35.4%
Dividend Per Share¥25.00¥11.00+127.3%
Total Dividend Paid¥84.24B¥77.50B+8.7%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥5.44T¥3.91T+¥1.53T
Accounts Receivable¥1.11T¥984.68B+¥123.87B
Inventories¥1.04T¥1.06T−¥20.63B
Non-current Assets¥2.83T¥2.75T+¥81.99B
Property, Plant & Equipment¥794.47B¥935.10B−¥140.63B
Intangible Assets¥77.47B¥87.27B−¥9.80B
Goodwill¥106.39B¥172.95B−¥66.55B
Total Assets¥8.27T¥6.66T+¥1.61T
Accounts Payable¥1.00T¥930.28B+¥70.58B
Non-current Liabilities¥780.10B¥1.04T−¥262.70B
Total Liabilities¥5.04T¥4.19T+¥852.21B
Total Equity¥3.23T¥2.47T+¥758.58B
Capital Stock¥265.61B¥265.61B¥0
Capital Surplus¥48.27B¥44.74B+¥3.53B
Retained Earnings¥1.88T¥1.59T+¥291.70B
Treasury Stock−¥12.91B−¥16.45B+¥3.54B
Shareholders' Equity¥3.09T¥2.35T+¥741.86B
Equity Ratio37.3%35.2%+2.1%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥942.62B¥530.46B+¥412.16B
Investing Cash Flow−¥49.17B−¥187.71B+¥138.54B
Financing Cash Flow−¥274.55B−¥114.12B−¥160.43B
Cash and Cash Equivalents¥1.33T¥657.82B+¥677.06B
Free Cash Flow¥893.44B--

Profitability Ratios

ItemValue
ROE12.2%
ROA (Ordinary Income)6.4%
Payout Ratio25.3%
Dividend on Equity (DOE)3.1%
Book Value Per Share¥919.16
Net Profit Margin6.7%
Gross Profit Margin21.8%
Debt-to-Equity Ratio1.56x
Effective Tax Rate24.5%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+14.1%
Operating Income YoY Change+65.0%
Ordinary Income YoY Change+56.7%
Profit Before Tax YoY Change+34.8%
Net Income YoY Change+32.0%
Net Income Attributable to Owners YoY Change+35.3%
Total Comprehensive Income YoY Change+312.8%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)3.37B shares
Treasury Stock13.44M shares
Average Shares Outstanding3.36B shares
Book Value Per Share¥960.77

Dividend Information

ItemAmount
Q2 Dividend¥12.00
Year-End Dividend¥13.00

Segment Information

SegmentRevenueOperating Income
AircraftDefenseAndSpace¥1.39T¥151.50B
EnergySystems¥2.05T¥267.27B
LogisticsThermalAndDriveSystems¥624.86B¥33.07B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥74.47B−¥26.81B
PlantsAndInfrastructureSystems¥814.76B¥84.11B

※ セグメント利益の測定基礎: business

Full Year Forecast

ItemForecast
Net Sales Forecast¥5.40T
Net Income Attributable to Owners Forecast¥380.00B
Basic EPS Forecast¥113.09
Dividend Per Share Forecast¥29.00