Mitsubishi Heavy Industries Ltd (JP:7011)
:7011
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Mitsubishi Heavy Industries
(7011)
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Rating:69Neutral
Price Target:
¥4,624.00
▲(5.79% Upside)
Action:ReiteratedDate:02/06/26
The score is driven mainly by improving underlying financial performance (higher margins, better leverage, and stronger recent cash flow) and supportive technical momentum. These positives are tempered by expensive valuation (high P/E and low yield) and uncertainty from the sharp TTM revenue growth decline.
Positive Factors
Improving profitability margins
Multi-year margin expansion indicates structural improvements in pricing, cost control and project execution across businesses. Sustained higher EBIT and net margins support internal reinvestment, service-growth economics and resilience to cyclical weakness over the next several quarters.
Negative Factors
Severe TTM revenue contraction
An abrupt TTM revenue drop signals major contract timing, one-offs or backlog comparability issues that undermine top-line visibility. Reduced revenue base can stress margins and service aftermarket scaling, making near-term forecasting and capacity planning more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability margins
Multi-year margin expansion indicates structural improvements in pricing, cost control and project execution across businesses. Sustained higher EBIT and net margins support internal reinvestment, service-growth economics and resilience to cyclical weakness over the next several quarters.
Read all positive factors
Mitsubishi Heavy Industries (7011) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.92T
Dividend Yield0.62%
Average Volume (3M)20.30M
Price to Earnings (P/E)33.6
Beta (1Y)1.57
Revenue Growth-2.79%
EPS Growth11.10%
CountryJP
Employees77,697
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding3,373,647,700
10 Day Avg. Volume24,489,740
30 Day Avg. Volume20,303,846
Financial Highlights & Ratios
PEG Ratio3.28
Price to Book (P/B)3.62
Price to Sales (P/S)1.69
P/FCF Ratio29.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥5,602.22Price Target Upside28.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mitsubishi Heavy Industries Business Overview & Revenue Model
Company Description
Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. The company operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. It offers...
How the Company Makes Money
Mitsubishi Heavy Industries makes money primarily by selling engineered products and project-based solutions and by providing after-sales services over the operating life of the equipment it supplies.
Key revenue streams include:
1) Product and s...
Mitsubishi Heavy Industries Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
77
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.81T | 5.03T | 4.66T | 4.20T | 3.86T | 3.70T |
| Gross Profit | 996.79B | 1.00T | 906.33B | 740.40B | 633.61B | 549.60B |
| EBITDA | 607.74B | 557.52B | 482.05B | 351.72B | 307.43B | 284.02B |
| Net Income | 284.33B | 245.45B | 222.02B | 130.45B | 113.54B | 40.64B |
Balance Sheet | ||||||
| Total Assets | 7.39T | 6.66T | 6.26T | 5.47T | 5.12T | 4.81T |
| Cash, Cash Equivalents and Short-Term Investments | 686.74B | 657.82B | 431.29B | 347.66B | 314.26B | 245.42B |
| Total Debt | 967.69B | 1.13T | 1.14T | 1.19T | 1.08T | 1.24T |
| Total Liabilities | 4.61T | 4.19T | 3.90T | 3.64T | 3.45T | 3.37T |
| Stockholders Equity | 2.65T | 2.35T | 2.24T | 1.74T | 1.58T | 1.37T |
Cash Flow | ||||||
| Free Cash Flow | 585.23B | 289.77B | 170.70B | -51.02B | 156.31B | -241.16B |
| Operating Cash Flow | 802.99B | 530.46B | 331.19B | 80.89B | 285.56B | -94.95B |
| Investing Cash Flow | -150.59B | -189.52B | -131.05B | -45.58B | 16.31B | -182.25B |
| Financing Cash Flow | -538.16B | -112.32B | -158.90B | -18.90B | -255.77B | 221.74B |
Mitsubishi Heavy Industries Technical Analysis
Negative
4371.00
Price Trends
4749.00
Negative
4472.03
Negative
4152.74
Positive
Market Momentum
-30.07
Positive
39.27
Neutral
7.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7011, the sentiment is Negative. The current price of 4371 is below the 20-day moving average (MA) of 4608.79, below the 50-day MA of 4749.00, and above the 200-day MA of 4152.74, indicating a neutral trend. The MACD of -30.07 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of 7.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7011.
Mitsubishi Heavy Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥15.92T | 33.57 | 10.81% | 0.62% | -2.79% | 11.10% | |
69 Neutral | ¥2.83T | 18.60 | 10.09% | 0.97% | 5.08% | 25.55% | |
67 Neutral | ¥3.23T | 25.09 | 23.30% | 0.71% | 0.02% | 2.33% | |
66 Neutral | ¥2.43T | 22.15 | 16.00% | 1.38% | 10.57% | 7.57% | |
64 Neutral | ¥2.66T | 9.91 | 14.59% | 1.40% | 12.62% | 32.31% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥625.87B | 18.29 | 4.83% | 2.95% | -0.40% | 315.92% |
* Industrials Sector Average
JP:7011
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Mitsubishi Heavy Industries Corporate Events
Mitsubishi Heavy Industries Bolsters Loss-Making Indian Power Unit With Capital Injection
Mar 13, 2026
Mitsubishi Heavy Industries has retroactively disclosed that it significantly increased the capital of its consolidated subsidiary, Mitsubishi Power India Private Limited, in August 2025, raising the unit’s share capital above 10% of the par...
Mitsubishi Heavy Industries Completes Liquidation of Danish Subsidiary
Mar 11, 2026
Mitsubishi Heavy Industries has completed the liquidation of its wholly owned subsidiary MHI Holding Denmark ApS, a Copenhagen-based entity that managed renewable energy investments and had share capital of 315.7 million euros. The wind-down, firs...
Mitsubishi Heavy Industries Finalizes Exit from Mitsubishi Logisnext After Successful Tender Offer
Feb 19, 2026
Mitsubishi Heavy Industries has confirmed the successful completion of LVJ Holdings 2 LLC’s tender offer for shares and stock acquisition rights of its consolidated subsidiary Mitsubishi Logisnext, which ran from January 21 to February 18, 2...
Mitsubishi Heavy Industries to Transfer Domestic Onshore Wind Business to J-POWER
Feb 10, 2026
Mitsubishi Heavy Industries has signed definitive agreements to spin off its domestic onshore wind power generation business into a newly created wholly owned subsidiary, MWIND Co., Ltd., through a simplified absorption-type split. It will then tr...
Mitsubishi Heavy Industries Reshapes Top Management Ahead of 2026 Shareholders’ Meeting
Feb 4, 2026
Mitsubishi Heavy Industries announced a series of executive-level personnel changes effective March 31 and April 1, 2026, alongside nominations for its Board to be presented at the June 26, 2026 shareholders’ meeting. The reshuffle elevates ...
MHI Refines FY2025 Reporting After Excluding Logisnext Operations
Feb 4, 2026
The company’s Q1-3 FY2025 update highlights financial results and forecasts under IFRS, treating Mitsubishi Logisnext operations as discontinued, thereby reshaping reported order intake, revenue, and profit data to reflect only continuing bu...
Mitsubishi Heavy Industries Delivers Strong Profit and Cash Flow Growth in First Nine Months of FY2025
Feb 4, 2026
For the first nine months of FY2025 ended December 31, Mitsubishi Heavy Industries reported solid top- and bottom-line growth, with order intake rising 12.6% year on year to ¥5,029.1 billion and revenue climbing 9.2% to ¥3,326.9 billion....
Mitsubishi Heavy Industries Confirms Start of Tender Offer to Take Mitsubishi Logisnext Private
Jan 20, 2026
Mitsubishi Heavy Industries announced that LVJ Holdings 2 LLC will commence a tender offer for the shares and stock acquisition rights of Mitsubishi Logisnext Co., Ltd., its consolidated subsidiary in the logistics and material handling equipment ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.