7011.T - Mitsubishi Heavy Industries, Ltd.

Tokyo - Tokyo Delayed Price. Currency in JPY
3,768.00
+6.00 (+0.16%)
At close: 3:15PM JST
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Previous Close3,762.00
Open3,756.00
Bid3,767.00 x 0
Ask3,769.00 x 0
Day's Range3,752.00 - 3,805.00
52 Week Range3,752.00 - 4,886.00
Volume1,172,100
Avg. Volume971,832
Market Cap1.265T
Beta (5Y Monthly)0.83
PE Ratio (TTM)7.57
EPS (TTM)497.79
Earnings DateMay 07, 2020 - May 11, 2020
Forward Dividend & Yield150.00 (3.98%)
Ex-Dividend DateMar 30, 2020
1y Target Est4,180.00
  • Thomson Reuters StreetEvents

    Edited Transcript of 7011.T earnings conference call or presentation 6-Feb-20 7:00am GMT

    Q3 2020 Mitsubishi Heavy Industries Ltd Earnings Presentation

  • Mitsubishi Aircraft has 'hundreds' of airline commitments for SpaceJet M100 - exec
    Reuters

    Mitsubishi Aircraft has 'hundreds' of airline commitments for SpaceJet M100 - exec

    Japan's Mitsubishi Aircraft Corp has unannounced commitments from customers to buy hundreds of its SpaceJet M100 regional jets, but its first focus is on certifying its larger introductory model, the M90, a senior executive said on Tuesday. The company's biggest shareholder, Mitsubishi Heavy Industries last week said delivery of the first M90 would be delayed for at least another year until after March 2021, the sixth delay for the programme and a setback to Japan's commercial jet ambitions. Mitsubishi Aircraft Chief Development Officer Alex Bellamy said a test plane that had around 960 changes from the original design was due to fly in the coming weeks to prove its airworthiness to regulators.

  • Business Wire

    MHI Selected for Inclusion in All Four GPIF ESG Investment Indices for a Second Consecutive Year

    Mitsubishi Heavy Industries, Ltd. (MHI)(TOKYO:7011) has been selected by Japan's Government Pension Investment Fund (GPIF), one of the world’s largest pension funds, as a constituent of all four of its indices used as references for making ESG (environmental, social, and governance) investments into Japan’s corporate sector. This is the second consecutive year for MHI to receive this recognition. Selection by GPIF reflects the high acclaim accorded to MHI Group’s ESG-related initiatives, specifically its response to environmental issues and social challenges, and bolstering of corporate governance.

  • Mitsubishi postpones SpaceJet delivery again, books $4.5 billion special loss
    Reuters

    Mitsubishi postpones SpaceJet delivery again, books $4.5 billion special loss

    Japan's Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021. The sixth delay announced by Mitsubishi Aircraft is a fresh blow to Japan's commercial jet ambitions and could stretch Mitsubishi Heavy Industries' finances. The new postponement also means an aircraft that Mitsubishi Heavy had planned to bring to market in 2013, will have to compete against a new generation of regional jets built by Brazil's Embraer SA .

  • Reuters

    Mitsubishi's SpaceJet delivery plans postponed again to 2021 or 2022 - Nikkei

    Japan's Mitsubishi Aircraft Corp has postponed delivery of the SpaceJet regional plane for a sixth time to late 2021 or 2022, according to a Nikkei report, pushing back the target from mid-2020. It represents another setback to Japan's ambitions of reviving its commercial jet industry, which has been dormant for 50 years. In November, the chief executive of the programme's largest shareholder, Mitsubishi Heavy Industries Ltd, told Reuters the company was rethinking the timetable for the SpaceJet and could no longer commit to mid-2020.

  • Reuters

    Sale of Renk, MAN Energy Solutions depends on buyer - VW labour chief

    Workers' approval of a possible divestment of Volkswagen's transmissions making unit Renk and MAN Energy Solutions depends on who the new owner will be, the carmaker's labour chief said on Friday. "If there is a decent buyer, if there is a fit, the labour representatives in the supervisory board will not oppose a sale," Bernd Osterloh, head of Volkswagen's works council, said, not elaborating further. Sources told Reuters last month that MAN Energy Solutions, which makes diesel engines for ships and power generators, had attracted bids from Europe's Innio, Japan's Mitsubishi Heavy and U.S.-based Cummins.

  • Moody's

    Hitachi, Ltd. -- Moody's: Hitachi's restructuring will boost cash holdings and sharpen strategic focus, a credit positive

    Moody's Japan K.K. says that Hitachi, Ltd.'s (A3 stable) divestment of two non-core businesses, as well as the settlement on a longstanding dispute, are credit positive. "These events are credit positive for Hitachi, as they will generate over JPY400 billion in cash proceeds and help sharpen its strategic focus," says Akifumi Fukushi, a Moody's Vice President and Senior Analyst. On 18 December, Hitachi announced it will sell its diagnostic imaging-related business to FUJIFILM Holdings Corporation (Fujifilm, A2 stable) for JPY179 billion.

  • Mitsubishi Heavy Industries has skills to build Airbus wings: CEO
    Reuters

    Mitsubishi Heavy Industries has skills to build Airbus wings: CEO

    Mitsubishi Heavy Industries Ltd is confident that it has the technical and production know-how to build high-tech wings for Airbus SE jetliners, the chief executive of the Japanese conglomerate said on Wednesday. MHI developed sophisticated production processes at its facility in Nagoya in the process of building wings for the Boeing Co 787 Dreamliner, Chief Executive Seiji Izumisawa said in an interview. It is not yet clear whether Airbus plans to outsource wings on future jets, such as its next-generation single-aisle aircraft, which could come out in about a decade.

  • Mitsubishi Heavy Industries rethinking Spacejet delivery schedule: CEO
    Reuters

    Mitsubishi Heavy Industries rethinking Spacejet delivery schedule: CEO

    Mitsubishi Heavy Industries Ltd is rethinking the timetable for Japan's first new commercial aircraft in 50 years and cannot commit to its target of making initial deliveries by mid-2020, the company's chief executive said on Wednesday. Chief Executive Seiji Izumisawa confirmed delays with a new fuselage for the jet. "Given where we are in the process today, which is we're revisiting the schedule to consider what the schedule will be, everything becomes hypothetical," he said an interview with Reuters, referring to the mid-2020 delivery target to customer All Nippon Airways .

  • Thomson Reuters StreetEvents

    Edited Transcript of 7011.T earnings conference call or presentation 31-Oct-19 6:30am GMT

    Q2 2020 Mitsubishi Heavy Industries Ltd Earnings Presentation

  • Reuters

    UPDATE 1-Mitsubishi Aircraft says Trans States cancels order for 50 SpaceJet regional jets

    Japan's Mitsubishi Aircraft said on Thursday one of its biggest customers, Trans States Holdings (TSH), has cancelled an order for 50 of its SpaceJet M90s because the aircraft do not comply with U.S. union rules on regional jet use. The scope clause, however was not relaxed as anticipated," Mitsubishi Aircraft president, Hisakazu Mizutani, said in a statement. The TSH cancellation leaves the Japanese planemaker with only 163 firm orders, and will be a fresh blow to Japan's ambition to establish an independent aircraft industry unless Mitsubishi Aircraft can persuade TSH and other U.S customers to switch to its SpaceJet M100, a revamped version of the aircraft that will comply with the U.S. union rule.

  • Reuters

    EXPLAINER-History, islets and rulings behind tension between S.Korea, Japan

    The animosity between Japan and South Korea is entwined with the history of Japan's 1910-45 occupation of the Korean peninsula, the mobilisation of forced labour at companies and women in wartime brothels, and a row over the ownership of islets in the sea between the two nations. Last October, South Korea's Supreme Court ordered Japan's Nippon Steel & Sumitomo Metal Corp and Mitsubishi Heavy Industries to compensate some wartime forced labourers. The ruling infuriated Tokyo, which sees the former labourers' right to reparation ceased under a 1965 treaty normalising diplomatic ties.

  • Deliveries of Mitsubishi's SpaceJet face fresh delay - Nikkei
    Reuters

    Deliveries of Mitsubishi's SpaceJet face fresh delay - Nikkei

    Such a delay would be the sixth for the programme, which aims to revive Japan's dormant commercial aviation industry. The plane, this year renamed the SpaceJet instead of the Mitsubishi regional jet, was originally due to enter service in 2013. Jefferies analyst Sho Fukuhara said in a note to clients that the delays, if confirmed, could trigger market concerns about Mitsubishi Heavy Industries Ltd , the planemaker's largest shareholder.

  • Reuters

    Mitsubishi Aircraft to open engineering and design center in Canada

    The new center is expected to create about 100 jobs in the first year of its operation, Mitsubishi Aircraft Corp said in a statement. Earlier this year, the company agreed to buy Bombardier's money-losing CRJ regional jet business for $550 million in cash to gain access to a global maintenance and support base that could help in SpaceJet sales. Reuters had reported that the center would support the development of Mitsubishi's smaller Spacejet model, the 65- to 76-seat M100 jet, in collaboration with sites in Japan and Seattle.

  • JAXA launch for HTV-8 cargo mission to International Space Station officially scrubbed
    TechCrunch

    JAXA launch for HTV-8 cargo mission to International Space Station officially scrubbed

    During a press conference held just after 6 AM JST, Mitsubishi Heavy Industries Launch Director Atsutoshi Tamura and the Director of JAXA's Tanegashima Space Center Takeshi Fujita detailed what the two partners knew so far about the cause of their aborted HTV-8 mission on Tuesday. The launch, scheduled to take place at 6:33 AM JST, instead was officially scrubbed at around 4:34 AM JST due to a fire on the mobile launcher upon which the Mitsubishi Heavy Industries H-IIB rocket was sitting ready for launch. The fire began at 3:05 AM JST according to Tamura, and efforts began immediately to extinguish it immediately, with the fire finally being completely put out (as far as JAXA and MHI can tell) by 5:10 AM JST.

  • Thomson Reuters StreetEvents

    Edited Transcript of 7011.T earnings conference call or presentation 5-Aug-19 6:30am GMT

    Q1 2020 Mitsubishi Heavy Industries Ltd Earnings Presentation

  • Reuters

    South Korean forced labour victims to seek Japan's Mitsubishi asset sale

    South Koreans forced to work for Japanese occupiers will seek a court order to forcibly liquidate Japan's Mitsubishi Heavy Industries' assets to compensate them, their lawyers said on Tuesday, risking more Japanese anger over the issue. The question of compensation for South Koreans for labour during Japan's 1910-45 occupation of the Korean peninsula has soured the U.S. allies' relations, which took a turn for the worse this month when Japan restricted exports of high-tech material to South Korea. Japan has denied that the dispute over compensation for labourers is behind the export curbs, even though a Japanese government minister this month cited broken trust with South Korea over the labour dispute in announcing the export restrictions.