Mitsubishi Heavy Industries, Ltd. Overview
Pro stress-test →Mitsubishi Heavy Industries is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense, combining cutting-edge technology with deep experience to deliver innovative, integrated solutions that help realize a carbon neutral world, improve quality of life and ensure a safer world. In the first three quarters of FY2025 (ended December 31, 2025), order intake increased 12.6% year-on-year to ¥5,029.1 billion.
Strategic Profile
Pro stress-test →Strong multi-year order growth, margin expansion, and rising high-margin service revenues position the company for sustained earnings outperformance, while leadership in decarbonization and defense alongside digital upgrades enables outperformance amid global infrastructure, climate, and security investment trends. Gas turbines drove strong order intake performance, booking 31 large frame units mainly in North America and Asia.
Competitive Landscape
Pro stress-test →MHI operates through four segments: Energy Systems, Plants & Infrastructure Systems, Logistics, Thermal & Drive Systems, and Aircraft, Defense & Space. Key competitors in energy include GE Vernova and Siemens; in aerospace and defense, Boeing, Airbus, Lockheed Martin, and Kawasaki Heavy Industries; and in industrial machinery, Doosan and various regional manufacturers. MHI's diversified portfolio and strong backlog provide competitive advantages in long-cycle capital equipment markets.
Industry Context
Mitsubishi Heavy Industries, Ltd. operates in Industrial Conglomerate / Heavy Machinery Manufacturing.
Key facts
Founded: 1884 · Headquarters: Tokyo, Japan · Employees: 77,270 · Revenue: $340.5B · Market cap: $126.5B