Mitsubishi Heavy Industries Ltd - Company Profile
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Mitsubishi Heavy Industries Ltd (MHI) manufactures a diverse range of heavy machinery. Its products and services include power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, shipbuilding, aircraft, space systems and air-conditioning systems. MHI provides social infrastructure solutions in energy, including thermal, nuclear, renewable energy and the environment, including chemical plants. The company also provides modern transportation systems and services for land, sea, and air applications. It also provides integrated defense systems for land, sea, air and space applications and related equipment and services. The company operates in North America, Latin America, Asia, Europe, the Middle East, Africa and Oceania. MHI is headquartered in Chiyoda-Ku, Tokyo, Japan.
Headquarters
Japan
Address
Marunouchi Nijubashi Bldg., 3-2-3, Marunouchi, Chiyoda-Ku, Tokyo, 100-8332
Website
www.mhi.com
Telephone
81 3 62756200
No of Employees
76,859
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
7011 (TYO)
Revenue (2022)
$31.0B
8.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
14.9%
(2022 vs 2021)
Market Cap*
$31.1B
Net Profit Margin (2022)
XYZ
5.4%
(2022 vs 2021)
* As of and is in US$
Mitsubishi Heavy Industries Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Energy Sector: |
| Fossil Fuel Power Plant: |
| Conventional power plant |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company along with Canadian National Railway Company, Mitsubishi Canada Ltd, NYK Bulk & Projects Carriers, Oldendorff Carriers, Prince Rupert Port Authority, Teck Resources Limited, Trigon Pacific Terminals, and Vancouver Fraser Port Authority formed the North Pacific Green Corridor Consortium to create a corridor for the decarbonized transportation of commodities between North America and Asia. |
| 2024 | Corporate Changes/Expansions | In April, Primetals Technologies Japan transferred its green steel office from Hiroshima to Tokyo, Japan. |
| 2024 | Others | In April, the company and Mitsubishi Electric Corporation completed the integration of their power-generator systems businesses under Mitsubishi Generator Co., Ltd. |
Competitor Comparison
| Key Parameters | Mitsubishi Heavy Industries Ltd | Kawasaki Heavy Industries Ltd | KION Group AG | IHI Corp | Enerpac Tool Group Corp |
|---|---|---|---|---|---|
| Headquarters | Japan | Japan | Germany | Japan | United States of America |
| City | Chiyoda-Ku | Minato-ku | Frankfurt Am Main | Koto-Ku | Menomonee Falls |
| State/Province | Tokyo | Tokyo | Baden-Wurttemberg | Tokyo | Wisconsin |
| No. of Employees | 76,859 | 38,254 | 42,325 | 28,486 | 2,100 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Shunichi Miyanaga | Chairman | Executive Board | 2019 | 75 |
| Seiji Izumisawa | President; Chief Executive Officer; Director | Executive Board | 2020 | 66 |
| Hisato Kozawa | Director; Chief Financial Officer; Executive Vice President | Executive Board | 2021 | 61 |
| Masayuki Suematsu | Chief Strategy Officer; Executive Vice President | Senior Management | 2023 | - |
| Masanori Ushida | President - Mitsubishi Heavy Industries Aero Engines; Chief Executive Officer - Mitsubishi Heavy Industries Aero Engines | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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