From Investing.com: 2024-05-12 19:52:00

Mitsubishi Heavy Industries (MHI) achieved record highs in order intake, revenue, and net income for FY 2023. Plans to increase year-end dividend to JPY120 per share were announced. Focus on profitability and growth areas like energy transition and automation outlined in 2021 medium-term business plan. Acquisition of businesses to enhance power supply offerings and strengthen position in energy sector. Future plans include accelerating growth in energy supply and demand, automation, and energy conservation.

Financial performance and market presence indicate a strong position for MHI in the industry, with a low P/E ratio of 1.94 and significant dividend payments for 33 consecutive years. Stock return over last year at 105.45%. Investors intrigued by undervalued stock and growth potential may find MHI appealing.

During the FY 2023 Financial Results briefing, MHI announced record highs in key financial indicators, surpassing FY 2022 results. Order intake, revenue, and net income all saw significant increases. A year-end dividend increase to JPY120 per share was announced, marking the highest dividend in the company’s history. MHI is actively pursuing strategic acquisitions and business plans focused on profitability and growth, especially in energy-related sectors.



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