Mitsubishi Heavy Industries Sees YoY Increases in Order Intake, Revenue, and Net Profit in Stable First Half and Revises Full-Year Forecast

Tokyo – Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 31.6% year-over-year to ¥2,018.4 billion in the half ended September 30, 2022. Revenue rose 12.7% to ¥1,875.2 billion year-over-year, resulting in business profit (Note1) of ¥54.8 billion, a 109.2% increase from the previous fiscal year, which represents a profit margin of 2.9%. Net profit was ¥54.1 billion, an increase of 348.1% year-over-year, with a profit margin of 2.9%. EBITDA was ¥122.2 billion, a 34.4% increase from FY2021, with a profit margin of 6.5%, up 1.0 percentage point year-over-year.