Mitsubishi Heavy Industries Achieves YoY Increases in Order Intake, Revenue, Business Profit, and Net Income in Third Quarter

Tokyo – Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 19.0% year-over-year to ¥2,966.1 billion in the third quarter ended December 31, 2022. Revenue rose 11.1% to ¥2,938.0 billion year-over-year, resulting in business profit (Note 1) of ¥105.2 billion, a 30.3% increase from the previous fiscal year, which represents a profit margin of 3.6%. Net income was ¥66.4 billion, an increase of 32.8% year-over-year, with a profit margin of 2.3%. EBITDA was ¥208.6 billion, a 16.4% increase from FY2021, with a profit margin of 7.1%, up 0.3 percentage points year-over-year.