Reported about 11 hours ago
Mitsubishi Heavy Industries anticipates a 9.6% increase in operating profit this year, fueled by strong demand in the defence sector. The company forecasts an operating profit of 420 billion yen ($2.9 billion) for the fiscal year ending March 2026, following a significant increase in the previous year. Growth is expected to be particularly robust in aerospace and defence, with a projected 40% rise, while the energy systems sector will see a 17% increase. Notably, these projections do not account for potential impacts from U.S. tariffs.
Source: YAHOO