Strengthening Competitiveness in Global Markets and Sustainable Growth

「Orders, operating profit and profit for the year attributable to owners of the parent all reached new record highs.」

「Revenue increased by ¥144,492 million, or 7.3%, year on year to ¥2,113,717 million, driven by increases in the Aerospace, Defense & Space segment and others. Operating profit increased by ¥3,497 million, or 2.1%, year on year to ¥171,572 million, as increases in the Plant & Infrastructure and Aerospace, Defense & Space segments and others more than offset a decline in Energy.」

「In the first year of the business period, orders, revenue and operating profit all reached record highs. In particular, the company secured strong orders, mainly in its growth businesses, toward achieving the targets of the 2024 Business Plan.」

「Operating profit increased by ¥87,486 million, or 86.7%, year on year to ¥188,435 million, as increases in the Energy and Aerospace, Defense & Space segments and others more than offset declines in the Logistics, Thermal & Environmental Systems, and Drive Systems segments.」

「As part of the recovery and strengthening of earnings power, the company pursued structural reforms, including a shift toward services and asset optimisation through site consolidation, while expanding its existing businesses through appropriate pricing and increased production capacity. It achieved record-high profit levels and built a strong business and financial foundation.」

「Business profit increased in all segments, exceeding the same period of the previous year by ¥8,633.2 million, or 82.0%, to ¥19,162.5 million.」

「Business profit increased in all segments, exceeding the same period of the previous year by ¥4,610.4 million, or 84.1%, to ¥10,094.8 million.」

「Business profit increased or improved in all segments, exceeding the same period of the previous year by ¥3,704.4 million, or 248.1%, to ¥5,197.5 million.」

「Business profit increased by ¥3,308.3 million, or 20.6%, from the previous consolidated fiscal year to ¥19,332.4 million, as the Aerospace, Defense & Space; Plant & Infrastructure; and Logistics, Thermal Systems & Drive Systems segments increased, despite a decline in the Energy segment,」

「Business profit increased by ¥2,446.7 million, or 30.3%, from the same period of the previous year to ¥10,529.2 million, as the Energy; Aerospace, Defense & Space; and Plant & Infrastructure segments increased, despite a decline in the Logistics, Thermal Systems & Drive Systems segment.」

「Business profit increased by ¥2,863.2 million, or 109.2%, from the same period of the previous year to ¥5,484.4 million, as the Energy; Aerospace, Defense & Space; and Plant & Infrastructure segments increased, despite a decline in the Logistics, Thermal Systems & Drive Systems segment.」

「Business profit declined by ¥653.6 million, or 30.4%, from the same period of the previous year to ¥1,493.1 million, as the Energy; Logistics, Thermal Systems & Drive Systems; and Plant & Infrastructure segments deteriorated and declined, despite an increase in the Aerospace, Defense & Space segment.」

「Business profit increased by ¥10,615.8 million, or 196.3%, from the previous consolidated fiscal year to ¥16,024.0 million, as the Aerospace, Defense & Space; Plant & Infrastructure; and Logistics, Thermal Systems & Drive Systems segments improved and increased, despite a decline in the Energy segment,」

「Business profit increased by ¥5,710.4 million, or 240.7%, from the same period of the previous year to ¥8,082.5 million, as the Aerospace, Defense & Space; Plant & Infrastructure; and Logistics, Thermal Systems & Drive Systems segments improved and increased, despite a decline in the Energy segment.」

「Business profit increased in all segments, improving by ¥8,485.2 million from the same period of the previous year to ¥2,621.1 million.」

「Business profit increased in all segments, improving by ¥9,285.6 million from the same period of the previous year to ¥2,146.7 million.」

「Under the 2021 Business Plan, the company decided to prioritize restoring and strengthening profitability and developing growth areas over expanding business scale, establish a business foundation for achieving TOP, and lay the groundwork for a major advance under the next medium-term management plan, the 2024 Business Plan.」

「Under the 2021 Business Plan (fiscal 2021–2023), the company decided to focus not on expanding business scale but on restoring and strengthening profitability and developing growth areas, laying the groundwork for a major advance and achieving TOP under the next medium-term management plan, the 2024 Business Plan.」

「Under the 2018 Business Plan, the company is vigorously pursuing various initiatives based on the following basic policies: achieving a corporate structure with sustainability and growth potential at global standards, establishing business structure reforms, and pursuing growth strategies based on its long-term vision.」

「Under the medium-term management plan, the 2018 Business Plan, which began with the current consolidated fiscal year as its first year, the company is vigorously pursuing various initiatives based on the following basic policies: achieving a corporate structure with sustainability and growth potential at global standards, establishing business structure reforms, and pursuing growth strategies based on its long-term vision.」

「Under the 2018 Business Plan, the company aims to allocate funds primarily to growth investment and expand its business scale to ¥5 trillion from approximately ¥4 trillion during the period of the 2015 Business Plan.」

「To achieve continued growth, the group needs to strengthen its global competitiveness by expanding the scale of its businesses, and is aiming to achieve a business scale of more than ¥5 trillion.」

「On 17 May 2016, the company decided to enter into an absorption-type company split agreement with MHI Thermal Systems, Inc., a subsidiary of the company, under which the company would transfer its thermal systems business to MHI Thermal Systems. The agreement was an absorption-type company split agreement not requiring approval by a shareholders meeting. The decision was made by a director authorized under a resolution of the Board of Directors pursuant to the provisions of the company's articles of incorporation. On the same day, the company entered into the absorption-type company split agreement with MHI Thermal Systems.」

「Strengthening competitiveness in global markets is essential for the sustainable growth of the group, but competition with major domestic and overseas competitors is intensifying. The urgent priorities are to launch new products with competitive advantages, enhance added value by leveraging IoT (Internet of Things) and AI (Artificial Intelligence) technologies, and expand into new business areas.」