Mitsubishi Heavy Industries, Ltd. (MHVYF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone. This is Eisaku Ito, President and CEO of Mitsubishi Heavy Industries. Thank you very much for taking time out of your busy schedules to join us today. Allow me to make a few brief comments on my assessment of our FY 2025 financial results as well as on our strategy for FY 2026. Order intake in FY 2025 rose 20% year on year reaching 7.7 trillion yen. This growth was mainly driven by strong orders for GTCC in North America and Asia. Orders for large frame gas turbines increased significantly from 25 units last year to 35 units in FY 2025. Revenue was around 5 trillion yen supported by steady growth in GTCC nuclear power and defense. business profit increased year on year in all segments to a total of 432.2 billion yen based on these results i have the utmost confidence in our ability to achieve our 2024 medium-term business plan targets while realizing even greater growth going forward turning now to our operating environment demand for data centers is rising due to advances in ai technology which in turn is driving increased electricity demand Additionally, carbon neutrality-related policies around the world are moving in a more practical achievable direction. Contrastingly, geopolitical risks, particularly in the Middle East, have emerged, leading to ongoing concerns about global supply chain instability and rising inflation. Within this uncertain environment, MHI will actively pursue business opportunities in areas that contribute to solving societal issues while carefully managing risk. Next, I will share some highlights from the ITO initiatives we pursued in FY 2025, then outline our strategy for FY 2026. Aiming to unleash our growth potential in the medium to long term, we are working to implement ITO, which is supported by the two pillars of grou...