Mitsubishi Heavy Industries Delivers Large YoY Increases to Order Intake, Revenue, and Profit in Remarkable First Half, Raises FY2023 Order Intake Guidance

Tokyo - Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 55.4% year-over-year to ¥3,137.0 billion in the half-year ended September 30, 2023. Revenue rose 10.3% to ¥2,069.2 billion year-over-year, resulting in profit from business activities (business profit) of ¥100.9 billion, an 84.1% increase from the previous fiscal year, which represents a profit margin of 4.9%. Profit attributable to owners of parent (net income) was ¥91.9 billion, an increase of 69.8% year-over-year, with a profit margin of 4.4%. EBITDA was ¥168.9 billion, a 38.2% increase from 1H FY2022, with an EBITDA margin of 8.2%, up 1.7 percentage points year-over-year.