Komori
Mitsubishi Heavy Industries (7011) · RiskDropped

Postponement of scheduled delivery of the first production MRJ aircraft

First written in FY2017-Q3. 15 of 21 entries say "Restated". Latest entry: FY2023.

21entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2020-Q2RestatedFY2021 – FY20232017: 320172018: 320182019: 420192020: 420202021: 320212022: 320222023: 12023
Same theme, other companies
Development and delivery delays for specific aircraft models and dependence on aircraft manufacturersA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

0 other companies' latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2023DroppedAnnual report

    「The financial figures for the current and previous consolidated fiscal years relating to the Mitsubishi SpaceJet business have been reclassified to “Corporate or eliminations” following a change in segment classification.」

    The disclosure moved from the previous risk concerning the delivery date of the first mass-produced SpaceJet aircraft to the recognition of business losses and exclusion from the segment following the discontinuation of development activities.
  2. FY2023-Q2RestatedAnnual report

    「As a result, it has become difficult to forecast the scheduled delivery date of the first mass-produced SpaceJet aircraft, and additional costs may arise from the results of discussions with customers and others following this development, potentially affecting the future financial position and operating results.」

    The company continues to explain that the delivery date of the first mass-produced SpaceJet aircraft is difficult to forecast and that additional costs may arise from discussions with customers and other matters.
  3. FY2023-Q1RestatedAnnual report

    「As a result, it has become difficult to forecast the scheduled delivery date of the first mass-produced SpaceJet aircraft, and additional costs may arise from the results of discussions with customers and others following this development, potentially affecting the future financial position and operating results.」

    The company continues to explain that the delivery date of the first mass-produced SpaceJet aircraft is difficult to forecast and that additional costs may arise from discussions with customers and other matters.
  4. FY2022RestatedAnnual report

    「As a result, it has become difficult to forecast the scheduled delivery date of the first mass-produced SpaceJet aircraft, and additional costs may arise from the results of discussions with customers and others following this development, potentially affecting the future financial position and operating results.」

    The company continued to explain that the delivery date of the first mass-produced SpaceJet aircraft was difficult to forecast and that additional costs might arise from discussions with customers and other matters.
  5. FY2022-Q1RestatedAnnual report

    「As a result, it has become difficult to forecast the scheduled delivery date of the first mass-produced SpaceJet aircraft, and additional costs may arise from the results of discussions with customers and others following this development, potentially affecting the future financial position and operating results.」

    The company continues to explain that the delivery date of the first mass-produced SpaceJet aircraft is difficult to forecast and that additional costs may arise from discussions with customers and other matters.
  6. FY2021RestatedAnnual report

    「As a result, it has become difficult to forecast the scheduled delivery date of the first mass-produced SpaceJet aircraft, and additional costs may arise from the results of discussions with customers and others following this development, potentially affecting the future financial position and operating results.」

    Even after SpaceJet development was slowed, the delivery date of the first mass-produced aircraft remained difficult to forecast, and the company continues to disclose the potential for additional costs arising from discussions with customers.
  7. FY2021-Q3SoftenedAnnual report

    「However, these impacts are limited by appropriate contractual terms, and the company expects the burden of costs related to the development of the Mitsubishi SpaceJet, including development cost reductions resulting from slower development activities, to be significantly reduced from previously expected levels through a review of funding allocations and budgets.」

    Although the delivery date for the SpaceJet remains difficult to forecast, the explanation has changed to state that contractual terms, slower development activities and a budget review are expected to significantly reduce the burden of development costs and other expenses.
  8. FY2021-Q2WorsenedAnnual report

    「In October 2020, in light of the disruption in the civil aircraft market caused by the global COVID-19 pandemic and other factors, the company announced that it would slow its SpaceJet development activities. As a result, it remains difficult to forecast the scheduled delivery date of the first mass-produced SpaceJet aircraft as of the end of the second quarter of the current consolidated fiscal year.」

    Following the announcement of slower SpaceJet development activities, the delivery date of the first mass-produced aircraft remains difficult to forecast.
  9. FY2021-Q1RestatedAnnual report

    「The company announced in February 2020 that the scheduled delivery of the first mass-produced SpaceJet aircraft was expected to be from fiscal 2021 onward. Additional costs may arise from the results of discussions with customers and others resulting from the change in the delivery schedule, potentially affecting the future financial position and operating results.」

    The company continues to disclose the expected delivery of the first mass-produced SpaceJet aircraft in fiscal 2021 or later and the potential for additional costs arising from the change in the delivery schedule.
  10. FY2020WorsenedAnnual report

    「The company announced in February 2020 that the scheduled delivery of the first mass-produced SpaceJet aircraft was expected to be from fiscal 2021 onward. Additional costs may arise from the results of discussions with customers and others resulting from the change in the delivery schedule, potentially affecting the future financial position and operating results.」

    The expected delivery of the first mass-produced aircraft was pushed back further, from mid-2020 to fiscal 2021 onward, and the potential for additional costs arising from discussions with customers remains.
  11. FY2020-Q3WorsenedAnnual report

    「The company announced in February 2020 that the scheduled delivery of the first mass-produced SpaceJet aircraft was expected to be from fiscal 2021 onward.」

    The expected delivery of the first mass-produced aircraft was pushed back further, from mid-2020 to fiscal 2021 onward, and the potential for additional costs arising from discussions with customers and other matters remains.
  12. FY2020-Q2RestatedAnnual report

    「The company announced in January 2017 that it would change the scheduled delivery date of the first mass-produced SpaceJet aircraft from mid-2018 to mid-2020 and continues to discuss the delivery schedule with existing customers. Additional costs may arise from the results of discussions with customers regarding the SpaceJet delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced SpaceJet aircraft to mid-2020, the continuation of discussions with customers and the potential for additional costs arising from discussions with customers.
  13. FY2020-Q1RestatedAnnual report

    「The company announced in January 2017 that it would change the scheduled delivery date of the first mass-produced SpaceJet aircraft from mid-2018 to mid-2020 and continues to discuss the delivery schedule with existing customers. Additional costs may arise from the results of discussions with customers regarding the SpaceJet delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced SpaceJet aircraft to mid-2020, the continuation of discussions with customers and the potential for additional costs arising from the results of those discussions.
  14. FY2019RestatedAnnual report

    「The company announced in January 2017 that it would change the scheduled delivery date of the first mass-produced MRJ aircraft from mid-2018 to mid-2020 and continues to discuss the delivery schedule with existing customers. Additional costs may arise from the results of discussions with customers regarding the MRJ delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced MRJ aircraft to mid-2020, the continuation of discussions with customers and the potential for additional costs.
  15. FY2019-Q3RestatedAnnual report

    「The company announced in January 2017 that it would change the scheduled delivery date of the first mass-produced MRJ aircraft from mid-2018 to mid-2020 and continues to discuss the delivery schedule with existing customers. Additional costs may arise from the results of discussions with customers regarding the MRJ delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced MRJ aircraft to mid-2020, the continuation of discussions with customers and the potential for additional costs arising from the results of those discussions.
  16. FY2019-Q2RestatedAnnual report

    「The company announced in January 2017 that it would change the scheduled delivery date of the first mass-produced MRJ aircraft from mid-2018 to mid-2020 and continues to discuss the delivery schedule with existing customers. Additional costs may arise from the results of discussions with customers regarding the MRJ delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced MRJ aircraft to mid-2020 and the potential for additional costs arising from discussions with customers.
  17. FY2019-Q1RestatedAnnual report

    「The company announced in January 2017 that it would change the scheduled delivery date of the first mass-produced MRJ aircraft from mid-2018 to mid-2020 and continues to discuss the delivery schedule with existing customers. Additional costs may arise from the results of discussions with customers regarding the MRJ delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of MRJ delivery to mid-2020 and the potential for additional costs arising from discussions with customers.
  18. FY2018RestatedAnnual report

    「For the MRJ currently under development, the company will accelerate development and the establishment of a customer support structure toward obtaining type certification and delivering the first mass-produced aircraft to the launch customer in mid-2020.」

    The company continues to disclose the postponement of delivery of the first mass-produced MRJ aircraft, the delivery schedule for mid-2020 and the potential for additional costs.
  19. FY2018-Q2RestatedAnnual report

    「The company announced on 23 January 2017 that it would change the scheduled delivery of the first mass-produced MRJ (Mitsubishi Regional Jet) aircraft from mid-2018 to mid-2020, in order to modify the layout of certain equipment and redesign the entire electrical wiring system to meet the latest safety compliance standards. The company subsequently began discussions with existing customers regarding the delivery schedule. Additional costs may arise from the results of discussions with customers regarding the MRJ delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced MRJ aircraft and the potential for additional costs arising from discussions with customers.
  20. FY2018-Q1RestatedAnnual report

    「The company announced on 23 January 2017 that it would change the scheduled delivery of the first mass-produced MRJ (Mitsubishi Regional Jet) aircraft from mid-2018 to mid-2020, in order to modify the layout of certain equipment and redesign the entire electrical wiring system to meet the latest safety compliance standards. The company subsequently began discussions with existing customers regarding the delivery schedule. Additional costs may arise from the results of discussions with customers regarding the delivery schedule and other matters, potentially affecting the future financial position and operating results.」

    The company continues to disclose the postponement of delivery of the first mass-produced MRJ aircraft and the potential for additional costs arising from discussions with customers.
  21. FY2017-Q3MaterialisedAnnual report

    「The company announced on 23 January 2017 that it would change the scheduled delivery of the first mass-produced MRJ (Mitsubishi Regional Jet) aircraft from mid-2018 to mid-2020, in order to modify the layout of certain equipment and redesign the entire electrical wiring system to meet the latest safety compliance standards. The company may incur an impact on its financial position and operating results as a result of discussions with customers and others regarding the future delivery schedule and the refinement of future improvement measures.」

    The scheduled delivery of the first mass-produced MRJ aircraft was postponed from mid-2018 to mid-2020. Changes to the equipment layout and electrical wiring design, and compliance with safety standards, were cited as the reasons, and the potential impact on the financial position and operating results was also disclosed.
Moved together

"三菱航空機's Negative Net Worth" moved the same way as this thread, in the same document, in 4 of its 21 moves.

433★123
  1. ★This thread
  2. 1三菱航空機's Negative Net Worth4×
  3. 2Working-capital burden from new businesses and large projects3×
  4. 3Restructuring of the MRJ business and strengthening efforts toward mass production3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Mitsubishi Heavy Industries's next results are scheduled for 2026-11-06. Read the earnings preview
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