Financial Highlights

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    MHI has adopted International Financial Reporting Standards (IFRS16) from FY2019.

    Summary of Consolidated Business Results and Forecasts

    FY2018 (Actual)
    IFRS
    FY2019 (Actual)
    IFRS
    FY2020 (Actual)
    IFRS
    FY2021 (Forecast)
    IFRS
    Orders received 3,853.4
    billion yen
    4,168.6
    billion yen
    3,336.3
    billion yen
    3,600.0
    billion yen
    Revenue 4,078.3
    billion yen
    4,041.3
    billion yen
    3,699.9
    billion yen
    3,750.0
    billion yen
    Profit from business activities 186.7
    billion yen
    -29.5
    billion yen
    54.0
    billion yen
    150.0
    billion yen
    Profit Attributable to Owners of Parent 101.3
    billion yen
    87.1
    billion yen
    40.6
    billion yen
    90.0
    billion yen

    Orders intake and Revenue

    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Orders intake 3,853.4 billion yen 4,168.6 billion yen 3,336.3 billion yen
    Revenue 4,078.3 billion yen 4,041.3 billion yen 3,699.9 billion yen

    Profit from business activities and Profit attributable to owners of parent

    index_figure_img_02.jpg
    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Profit from business activities 186.7 billion yen -29.5 billion yen 54.0 billion yen
    Profit attributable to owners of parent 101.3 billion yen 87.1 billion yen 40.6 billion yen

    Total assets and Interest-bearing debt

    index_figure_img_03.jpg
    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Total assets 5,142.7 billion yen 4,985.6 billion yen 4,810.7 billion yen
    Interest-bearing debt 665.1 billion yen 598.2 billion yen 905.6 billion yen

    Capital Expenditures and Depreciation & amortization

    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Capital Expenditures 147.3 billion yen 161.5 billion yen 125.5 billion yen
    Depreciation & amortization 124.9 billion yen 144.6 billion yen 139.2 billion yen

    Equity and Equity ratio

    index_figure_img_05.jpg
    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Equity 1,748.8 billion yen 1,290.0 billion yen 1,439.3 billion yen
    Equity ratio 27.8% 24.4% 28.4%

    Earning per share and Book value per share

    index_figure_img_06.jpg
    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Earning per share 301.95 yen 259.39 yen 120.92 yen
    Book value
    per share
    4,262.24 yen 3,627.73 yen 4064.73 yen

    ROE and ROA

    index_figure_img_07.jpg
    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Return on equity (ROE) 7.2% 6.6% 3.1%
    Return on total assets (ROA)

    (to profit (loss) attributable to owners of parent)

    2.0% 1.7% 0.8%
    Return on total assets (ROA)

    (to profit before income taxes)

    3.5% -0.6% 1.0%

    Cash Flows

    Operating Cash Flow

    index_figure_img_08.jpg

    Investment Cash Flow

    index_figure_img_09.jpg

    Free Cash Flow

    index_figure_img_10.jpg

    Financing Cash Flow

    index_figure_img_11.jpg
    FY2018
    IFRS
    FY2019
    IFRS
    FY2020
    IFRS
    Operating
    Cash Flow
    404.9 billion yen 452.5 billion yen -94.9 billion yen
    Investment
    Cash Flow
    -161.8 billion yen -239.5 billion yen -182.2 billion yen
    Free
    Cash Flow
    243.0 billion yen 212.9 billion yen -277.1 billion yen
    Financing
    Cash Flow
    -255.5 billion yen -204.4 billion yen -221.7 billion yen

    As of the fiscal year 2018 ended March 31, 2019, Mitsubishi Heavy Industries, Ltd. has adopted the International Financial Reporting Standards (IFRS) for consolidated financial statements, in place of the Japanese Generally Accepted Accounting Principles (JGAAP) previously used.

    • Return on equity (ROE) = profit (loss) attributable to owners of parent / equity attributable to owners of parent average of the beginning and the end of period
      Return on total assets (ROA) (to profit (loss) attributable to owners of parent)
      = profit (loss) attributable to owners of parent / total assets average of the beginning and the end of period
      Return on total assets (ROA) (to profit before income taxes)
      =profit before income taxes / total assets average of the beginning and the end of period
      Earning per share (EPS) = profit (loss) attributable to owners of parent / total number of shares issued
      Book value per share (BPS) = Net assets / total number of shares issued