Mitsubishi Heavy Industries Achieves Large YoY Orders and Profit Increases and Plans Higher Year-End Dividend Payout in FY2022, Pursues 7% Business Profit Margin in FY2023

Tokyo – Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 10.7% year-over-year to ¥4,501.3 billion in the fiscal year ended March 31, 2023. Revenue rose 8.9% to ¥4,202.7 billion year-over-year, resulting in profit from business activities (business profit) of ¥193.3 billion, a 20.6% increase from the previous fiscal year, which represents a profit margin of 4.6%. Profit attributable to owners of parent (net income) was ¥130.4 billion, an increase of 14.9% year-over-year, with a profit margin of 3.1%. EBITDA was ¥331.1 billion, a 13.3% increase from FY2021, with a profit margin of 7.9%, up 0.3 percentage points year-over-year.