Mitsubishi Heavy Industries Achieves Significant YoY Increases in Order Intake and Profit in Strong First Quarter

In Logistics, Thermal & Drive Systems, successful passthrough of cost inflation to sales prices mainly in Logistics Systems and Heating, Ventilation & Air Conditioning (HVAC) led to 14.3% and 16.6% YoY increases in order intake and revenue, respectively. Cost passthroughs in these businesses also helped to raise the segment's business profit by ¥15.3 billion YoY.