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Mitsubishi Heavy Industries ( (JP:7011) ) has shared an update.
Mitsubishi Heavy Industries reported a mixed financial performance for the first quarter of FY2025, with a 7.4% increase in revenue and a 24.7% rise in profit from business activities compared to the same period last year. However, the order intake decreased by 4.3%, and profit before income taxes fell by 6.3%. The company’s financial position remains stable, with a slight increase in total assets and equity, and it maintained its dividend forecast for the fiscal year. These results indicate a strong operational performance despite challenges in order intake, reflecting the company’s resilience and strategic focus on profitability.
The most recent analyst rating on (JP:7011) stock is a Buy with a Yen2700.00 price target. To see the full list of analyst forecasts on Mitsubishi Heavy Industries stock, see the JP:7011 Stock Forecast page.
More about Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. operates in the industrial sector, focusing on manufacturing heavy machinery, aerospace products, and energy systems. The company is listed on multiple stock exchanges in Japan, including Tokyo, Nagoya, Fukuoka, and Sapporo, and is known for its diverse range of products and services that cater to various industrial needs.
Average Trading Volume: 49,227,604
Technical Sentiment Signal: Buy
Current Market Cap: Yen12112.8B
For an in-depth examination of 7011 stock, go to TipRanks’ Overview page.