Mitsubishi Heavy Industries raised its full-year earnings forecast for the fiscal year ending March 2027. Revenue, business profit and net profit were all raised, as progress in the gas turbine, nuclear power and defense businesses exceeded expectations and drove growth. All are expected to set new record highs.
Mitsubishi Heavy Industries raised its full-year earnings forecast for the fiscal year ending March 2027 on an IFRS basis. It raised all of revenue, which corresponds to sales, business profit and net profit, and expects overall earnings to improve.
The company is said to have seen progress in its gas turbine, nuclear power and defense businesses exceed expectations, with all three businesses expected to set new record highs.
Against a backdrop of stronger market demand and improved order conditions in each business, the company is expected to post year-on-year growth in both revenue and profit.
The specific figures for the increases and details of the factors behind the performance are expected to be disclosed in the company’s upcoming official earnings announcement.