MHVYF - Mitsubishi Heavy Industries, Ltd.

Other OTC - Other OTC Delayed Price. Currency in USD
43.59
0.00 (0.00%)
At close: 12:14PM EDT
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Previous Close43.59
Open43.59
Bid0.00 x 0
Ask0.00 x 0
Day's Range43.59 - 43.59
52 Week Range34.60 - 44.72
Volume34
Avg. Volume122
Market Cap14.364B
Beta (3Y Monthly)0.09
PE Ratio (TTM)19.58
EPS (TTM)2.23
Earnings DateN/A
Forward Dividend & Yield1.36 (3.13%)
Ex-Dividend Date2019-09-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters6 days ago

    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.

  • South Korean forced labor victims to seek Japan's Mitsubishi asset sale
    Reuters6 days ago

    South Korean forced labor 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 labor 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 laborers is behind the export curbs, even though a Japanese government minister this month cited broken trust with South Korea over the labor dispute in announcing the export restrictions.

  • Bombardier Sells Its Final Commercial Aircraft Program
    Motley Fool22 days ago

    Bombardier Sells Its Final Commercial Aircraft Program

    Mitsubishi Heavy Industries will buy the remnants of the CRJ regional jet program in order to gain control of Bombardier's global sales, service, and support networks.

  • Mitsubishi weighs new Canadian engineering design center in Montreal: source
    Reuters25 days ago

    Mitsubishi weighs new Canadian engineering design center in Montreal: source

    Mitsubishi Heavy Industries Ltd, is weighing the creation of a new engineering design center in Montreal, a source familiar with the matter told Reuters, in a move fueled by the company's planned acquisition of Bombardier's CRJ regional jet business. "Mitsubishi is considering putting a new development site, an engineering facility into Montreal," said the source who spoke on condition of anonymity because the talks are private. Mitsubishi is expected to take a decision, which is not yet firm, in the next few months, the source added.

  • Reuters27 days ago

    Secrets lawsuit to be dropped under Mitsubishi-Bombardier deal

    A trade secrets lawsuit brought by Canada’s Bombardier against the aircraft unit of Mitsubishi Heavy Industries Ltd has been "stayed" or suspended and will be dropped when a deal for the Japanese company to buy Bombardier's regional jet programme closes, Mitsubishi said on Tuesday. Bombardier sued Mitsubishi Aircraft Corporation in October, alleging that former Bombardier employees had passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project. On Tuesday, however, the two sides agreed that Mitsubishi would buy Bombardier's loss-making CRJ regional jet programme.

  • Bombardier Caps Commercial-Jet Exit With CRJ Sale to Mitsubishi
    Bloomberg27 days ago

    Bombardier Caps Commercial-Jet Exit With CRJ Sale to Mitsubishi

    (Bloomberg) -- Bombardier Inc. is selling its regional-jet business to Mitsubishi Heavy Industries Ltd., ending the Canadian company’s foray into commercial aircraft after more than three decades.Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ program, the companies said Tuesday. The Tokyo-based manufacturer, which is developing the first Japanese-built airliner since the 1960s, will also assume liabilities of about $200 million.The deal caps a multiyear overhaul for Bombardier, which until recently had ambitions to challenge Boeing Co. and Airbus SE with an all-new single-aisle jetliner. As the so-called C Series plane suffered from delays and cost overruns, Chief Executive Officer Alain Bellemare unloaded that program and a turboprop line after taking the helm in 2015 and refocused Bombardier on business jets and passenger trains.“It was very clear when I came in 2015 that commercial was kind of a drag on Bombardier,” Bellemare said in an interview. “We had a very strong business-aircraft franchise, and now that we’ve addressed all the pieces of the commercial side, it’s a good moment.”Bombardier rose 3.2% to C$2.26 at 1:35 p.m. in Toronto, the second-biggest gain on Canada’s benchmark S&P/TSX index. The announcement was made after the market close in Japan.SpaceJet DebutWith the transaction, Mitsubishi gains an experienced engineering corps and a global-sales and support organization to help market its nascent jet lineup as the unprofitable CRJ winds down over the next year and a half. Mitsubishi is rolling out a roomier regional-aircraft line dubbed the SpaceJet, and it highlighted a new, lighter 76-seat model at last week’s Paris Air Show.Mitsubishi has spent at least $2 billion developing its initial plane, originally known as the MRJ, which has battled delays and slow sales due to its heavy weight that violated restrictions in U.S. pilot union contracts. The company, which sees global demand for more than 5,000 regional jets over the next two decades, is seeking to snare sales away from Embraer SA, particularly for U.S airlines.Boeing has close ties to both planemakers. Mitsubishi, a longtime industrial partner, has hired several former executives of the U.S. manufacturer and opened a flight-testing center near a Boeing operation in Moses Lake, Washington.The U.S. aerospace giant is taking over Embraer’s commercial-jet division, including a plane with its own weight issues. Embraer’s upgraded E2 line has an aircraft with as many as 146 seats.‘Turnaround Journey’The Mitsubishi deal follows a move last year by Bombardier to hand control of its C Series jetliner program to Airbus, which renamed the plane the A220. Bombardier this year completed the sale of its Q400 turboprop program to De Havilland Aircraft of Canada Ltd.“It feels good to get this done four years into the turnaround journey,” Bellemare said.The Mitsubishi deal gives Bombardier “a fair price for a program that was winding down,” said Cam Doerksen, an analyst with National Bank Financial. “It was a good outcome for Bombardier.”After the deal closes, Montreal-based Bombardier will assemble CRJ planes at a factory in Mirabel, Quebec, working off the order backlog on behalf of Mitsubishi. Bombardier will also supply spare parts for the plane, which is expected to end production in the second half of next year, the companies said.Bombardier has 1,600 employees at the factory, said spokesman Olivier Marcil. Of those, three quarters will join Mitsubishi while the rest remain to carry out the current CRJ production run. “We don’t expect to cut any factory jobs in the short term,” Marcil said.Mitsubishi will assume Bombardier’s interest in a regional-jet securitization program, which is valued at about $180 million. Bombardier will retain liabilities representing part of credit and residual-value guarantees totaling approximately $400 million.\--With assistance from Julie Johnsson.To contact the reporters on this story: Richard Clough in New York at rclough9@bloomberg.net;Jack Pitcher in New York at jpitcher2@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
    Reuters27 days ago

    Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

    Montreal-based Bombardier has been selling off its weaker-performing commercial plane programs aimed at airlines to focus on profitable business jets and passenger rail cars. In an interview, Bombardier Chief Executive Alain Bellemare said some proceeds would be used to reduce debt. Bombardier has an additional $400 million liability from residual value guarantees provided to airlines on the regional jet program.

  • Reuters27 days ago

    UPDATE 7-Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

    Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation. Under the agreement, the Japanese firm will take over $200 million in liabilities, but receive Bombardier's estimated $180 million interest in a financing structure it created to support aircraft leasing. Mitsubishi Heavy shares fell 1.5% as Asian markets started trading, while the broader market was down 0.5%.

  • Bearish Reports Merely Reiterate the Obvious for GE Stock
    InvestorPlacelast month

    Bearish Reports Merely Reiterate the Obvious for GE Stock

    A new worry has emerged for GE (NYSE:GE), this time from prominent bears. Detractors of GE stock have expressed fears that China will build a power production company of their own. That, of course, would lock General Electric out of a needed source of business for GE Power.Source: Shutterstock While such a call might concern many, these bearish price targets reinforce the speculative nature of General Electric stock more than they signal further troubles to come. A Possible Chinese Rival Threatens GE StockThe negative sentiment over GE's Power division continues. Both JPMorgan and Gordon Haskett rate General Electric stock a sell due to an emerging threat: China. They believe that China will introduce its own power company that will compete with GE, Siemens (OTCMKTS:SIEGY) and Mitsubishi Heavy Industries (OTCMKTS:MHVYF). Such a development could leave GE out of a critical market for power generation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result, JPMorgan analyst Stephen Tusa has a target price on GE stock of only $5 per share. That comes in at roughly half of GE's current price around $10. * 7 Stocks to Buy As They Hit 52-Week Lows Not all agree. Bulls argue that even if this were true, the Chinese need time to develop such a company. We're talking until 2023 at the earliest. Still, not having the Chinese market would dramatically slow General Electric's turnaround plans. General Electric Stock Remains SpeculativeMore importantly, the China rumors make General Electric stock that much more of a speculative bet. CEO Larry Culp has implemented a credible plan to become cash flow positive again. Moreover, the "constant drip" of new issues that defined John Flannery's time as CEO has ended under Culp.By all appearances, he has taken the necessary steps internally to place GE stock on the road to recovery. So far, shares have responded positively. Year-to-date, the equity has risen by around 34%, more than twice the S&P 500 increase of just over 16%.The speculative aspects of investing in General Electric come largely from outside forces. With the current economic expansion in its 11th year, the likelihood of a pullback increases, possibly derailing shares. If a Chinese power rival emerges, the door could close on a market crucial for GE's recovery hopes.Admittedly, that could also happen anyway if the U.S.-China trade war continues. Still, it brings further uncertainty that the company does not need right now.However, in recent articles, I have referred to GE stock as one with a speculative buy case. I do not think the JPMorgan or Gordon Haskett reports change that. Rather, I believe they outline explicitly one of the reasons why GE remains a speculative play. Events Could Further Test Culp's LeadershipStill, negative sentiment could further test the leadership abilities of Larry Culp. For now, he has restored confidence in the company. However, this fix has involved internal issues, elements over which he has control. How he reacts to a Chinese market loss or a recession could ultimately define his time at General Electric.Investors may already have an idea of how he would handle such an event. GE Aviation already deals with a similar problem. The issues with Boeing's (NYSE:BA) 737 Max have also weighed on General Electric. After all, they build the engines that power this aircraft. Since Boeing has suspended production, that obligates Aviation to slow some of its production, at least temporarily.Aviation has arguably become the company's strongest division. Consequently, I see little added danger to GE stock. Still, investors need to prepare for unexpected setbacks and treat this equity as a speculative play. The Bottom Line on General ElectricThe negative calls by JPMorgan and Gordon Haskett outline more specifically why GE stock remains risky. Yes, GE Power could face a new Chinese peer on top of competition from Siemens and Mitsubishi. However, delays at GE Aviation brought about by the 737 MAX issues should remind investors that unexpected problems can emerge.Moreover, investors who have closely followed General Electric over the last few years already know how speculative shares have become. More analyst reports outlining some of the known negatives merely remind investors of the uncertainty.Owners of GE stock who don't want exposure to such risks should take this information as a warning to sell. However, for those who have knowingly speculated on the embattled company, these reports change nothing.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Bearish Reports Merely Reiterate the Obvious for GE Stock appeared first on InvestorPlace.

  • Reuterslast month

    UPDATE 1-Quebec will not invest in Bombardier's regional jet program -economy minister

    Quebec's economy minister said on Monday his government has ruled out investing in Bombardier Inc's weak-selling regional jet program, which could be sold to Japan's Mitsubishi Heavy Industries Ltd. Economy Minister Pierre Fitzgibbon said his government is taking steps to protect jobs within the Canadian province's aerospace sector, but he will not invest billions of taxpayer dollars to boost sales of the regional jet program which is assembled near Montreal. The Quebec government previously invested $1 billion for a stake in Bombardier's flagship narrowbody jet program, which is now owned by Europe's Airbus SE.

  • Quebec will not invest in Bombardier's regional jet program: economy minister
    Reuterslast month

    Quebec will not invest in Bombardier's regional jet program: economy minister

    Quebec's economy minister said on Monday his government has ruled out investing in Bombardier Inc's weak-selling regional jet program, which could be sold to Japan's Mitsubishi Heavy Industries Ltd. Economy Minister Pierre Fitzgibbon said his government is taking steps to protect jobs within the Canadian province's aerospace sector, but he will not invest billions of taxpayer dollars to boost sales of the regional jet program which is assembled near Montreal. The Quebec government previously invested $1 billion for a stake in Bombardier's flagship narrowbody jet program, which is now owned by Europe's Airbus SE.

  • Japan-Built Mitsubishi Regional Jet Finally Set to Take Flight
    Skift3 months ago

    Japan-Built Mitsubishi Regional Jet Finally Set to Take Flight

    A new, long-delayed 88-passenger jet from Japan may finally be the right plane at the right time. More cities in Asia and Europe are seeking to link up with each other and the global air travel network. The Mitsubishi Regional Jet, the first airliner built in Japan since the 1960s, began certification flights last month […]The post Japan-Built Mitsubishi Regional Jet Finally Set to Take Flight appeared first on Skift.

  • Reuters3 months ago

    Crashed F-35 was the first one assembled by Japan's Mitsubishi Heavy -official

    The Lockheed Martin F-35 aircraft that crashed over the Pacific Ocean near northern Japan was the first one to have been assembled by Mitsubishi Heavy Industries, an Air Self Defense Force official told Reuters on Wednesday. The aircraft that crashed on Tuesday was the fifth F-35 delivered to Japan's Air Self Defense Force (ASDF), adding that the first four had been used in training in the United States before being brought over.

  • GE Investors: A Siemens-Mitsubishi Deal Could Be Good News
    Motley Fool4 months ago

    GE Investors: A Siemens-Mitsubishi Deal Could Be Good News

    A partnership between its competitors could actually help GE.

  • Bloomberg4 months ago

    For Bayer and FedEx, Deal Hindsight is 20/20

    Both deals were the companies’ largest.First, Bayer. A second U.S. jury this week linked Monsanto’s Roundup weed killer to cancer, crystallizing the likelihood that Bayer will face substantial legal liabilities as it battles some 11,200 outstanding lawsuits.

  • Reuters7 months ago

    South Koreans seek Nippon Steel asset seizure in 'forced labour' case

    South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan over the issue. Japan denounced a South Korean Supreme Court ruling in October that Nippon Steel should pay 100 million won (70,924.76 pounds) to each of four South Koreans to compensate them for suffering forced labour during the war.

  • Japan Inc exit from nuclear exports would leave field to Russia, China
    Reuters7 months ago

    Japan Inc exit from nuclear exports would leave field to Russia, China

    TOKYO/PARIS (Reuters) - The possible withdrawal of Japanese conglomerates from nuclear export projects in Britain and Turkey would leave the nuclear newbuild industry open to Russian and Chinese state-owned companies as Western private firms struggle to compete. Japanese media reported this month that Mitsubishi Heavy Industries (MHI) was set to scrap the Sinop nuclear project in Turkey as cost estimates had nearly doubled to around 5 trillion yen ($44 billion). Last week, Hitachi was reported to be considering whether to scrap its 3 trillion yen Horizon nuclear project in Britain as cost estimates had risen, while Toshiba liquidated its UK project this year.

  • Flightglobal7 months ago

    ​MHIAEL eyes growth through engine component, MRO work

    Mitsubishi Heavy Industries Aero Engines (MHIAEL) sees a twin path for growth, as it contributes high value parts to major engine programmes, and looks to expand its MRO operations.

  • Flightglobal7 months ago

    ​MHIAL eyes growth through engine component, MRO work

    Mitsubishi Heavy Industries Aero Engines (MHIAL) sees a twin path for growth, as it contributes high value parts to major engine programmes, and looks to expand its MRO operations.