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Mitsubishi Heavy Industries Ltd (JP:7011)
:7011
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
20.58Last Year’s EPS
13.72Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -1.85%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong increases in order intake, revenue, and profitability. However, there were some challenges such as decreased free cash flow and a one-time loss in Aero Engines. Overall, the highlights significantly outweigh the lowlights.Company Guidance
In the earnings call for the second quarter of FY 2024, the executives highlighted several key metrics and strategic updates. The order intake notably surged, reaching approximately 68% of the initial annual forecast of JPY 4.6 trillion, prompting a revised forecast of JPY 5.6 trillion driven by progress in GTCC and Defense sectors. Business profit and net income saw significant year-over-year increases, with business profit reaching JPY 100.9 billion in the first half. Despite a JPY 80 billion year-over-year decrease in free cash flow, it aligned with forecasts, and an interim dividend of JPY 80 per share was announced, surpassing the previous high of JPY 75 in 2019. The balance sheet reflected an increase in total assets by JPY 286.3 billion, mainly due to currency translation effects from the yen's depreciation. Segment-wise, Energy Systems saw increased order intake and revenue, while the Logistics, Thermal & Drive Systems segment's profit forecast was raised by JPY 10 billion. In Aircraft, Defense & Space, order intake hit JPY 999.4 billion, prompting a revision of the full-year forecast to JPY 1.8 trillion. Looking ahead, the 2024 MTBP aims to balance profitability and growth, with a planned investment of over JPY 300 billion.Significant Increase in Order Intake and Revenue
Order intake, revenue, and profit were all higher year-on-year, with order intake particularly large, achieving about 68% of the annual forecast. The annual forecast was raised by JPY 1 trillion to JPY 5.6 trillion due to progress in GTCC and Defense.
Increase in Business Profit and Net Income
Business profit and net income increased significantly year-over-year. Business profit for the first half of fiscal year 2023 was JPY 100.9 billion, up from JPY 54.8 billion in the previous year.
Record High Interim Dividend
An interim dividend of JPY 80 per share will be paid, which is a record high and exceeds the JPY 75 paid in 2019.
Strong Performance in Energy Systems
Order intake, revenue, and profit all increased year-over-year, leading to a revised full year order intake forecast by JPY 200 billion.
Aircraft, Defense & Space Segment Growth
Order intake, revenue, and profit increased year-over-year, with order intake reaching JPY 999.4 billion. The full year forecast was increased from JPY 1 trillion to JPY 1.8 trillion.
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JP:7011 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:7011 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | ¥2113.50 | ¥2060.00 | -2.53% |
| Aug 06, 2024 | ¥1306.10 | ¥1565.23 | +19.84% |
| May 08, 2024 | ¥1424.47 | ¥1320.52 | -7.30% |
| Feb 06, 2024 | ¥996.23 | ¥1060.31 | +6.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mitsubishi Heavy Industries Ltd (JP:7011) report earnings?
Mitsubishi Heavy Industries Ltd (JP:7011) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Mitsubishi Heavy Industries Ltd (JP:7011) earnings time?
Mitsubishi Heavy Industries Ltd (JP:7011) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Mitsubishi Heavy Industries Ltd stock?
The P/E ratio of Mitsubishi Heavy Industries is N/A.
What is JP:7011 EPS forecast?
JP:7011 EPS forecast for the fiscal quarter 2024 (Q3) is 20.58.
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