Financial Highlights

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

    Summary of Consolidated Business Results and Forecasts

    FY2020 (Actual)
    IFRS
    FY2021 (Actual)
    IFRS
    FY2022 (Actual)
    IFRS
    FY2023 (Forecast)
    IFRS
    Order intake 3,336.3
    billion yen
    4,067.7
    billion yen
    4,501.3
    billion yen
    4,600.0
    billion yen
    Revenue 3,699.9
    billion yen
    3,860.2
    billion yen
    4,202.7
    billion yen
    4,300.0
    billion yen
    Profit from business activities 54.0
    billion yen
    160.2
    billion yen
    193.3
    billion yen
    300.0
    billion yen
    Profit attributable to owners of parent 40.6
    billion yen
    113.5
    billion yen
    130.4
    billion yen
    190.0
    billion yen

    Order intake and Revenue

    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Order intake 3,336.3 billion yen 4,067.7 billion yen 4,501.3 billion yen
    Revenue 3,699.9 billion yen 3,860.2 billion yen 4,202.7 billion yen

    Profit from business activities and Profit attributable to owners of parent

    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Profit from business activities 54.0 billion yen 160.2 billion yen 193.3 billion yen
    Profit attributable to owners of parent 40.6 billion yen 113.5 billion yen 130.4 billion yen

    Total assets and Interest-bearing debt

    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Total assets 4,810.7 billion yen 5,116.3 billion yen 5,474.8 billion yen
    Interest-bearing debt 905.6 billion yen 734.9 billion yen 742.4 billion yen

    Capital Expenditures and Depreciation & amortization

    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Capital Expenditures 125.5 billion yen 122.8 billion yen 150.7 billion yen
    Depreciation & amortization 139.2 billion yen 132.1 billion yen 137.8 billion yen

    Equity and Equity ratio

    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Equity 1,439.3 billion yen 1,662.5 billion yen 1,833.9 billion yen
    Equity ratio 28.4% 30.8 % 31.8%

    Earning per share and Book value per share

    Earning per share and Book value per share
    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Earning per share 120.92 yen 338.24 yen 388.43 yen
    Book value
    per share
    4,064.73 yen 4,696.42 yen 5,183.10 yen

    ROE and ROA

    ROE and ROA
    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Return on equity (ROE) 3.1% 7.7% 7.9%
    Return on total assets (ROA)

    (to profit before income taxes)

    1.0% 3.5% 3.6%

    Cash Flows

    Operating Cash Flow

    Investment Cash Flow

    Free Cash Flow

    Financing Cash Flow

    Financing Cash Flow
    FY2020
    IFRS
    FY2021
    IFRS
    FY2022
    IFRS
    Operating
    Cash Flow
    -94.9 billion yen 285.5 billion yen 80.8 billion yen
    Investment
    Cash Flow
    -182.2 billion yen 16.3 billion yen -45.5 billion yen
    Free
    Cash Flow
    -277.1 billion yen 301.8 billion yen 35.3 billion yen
    Financing
    Cash Flow
    221.7 billion yen -255.7 billion yen -18.9 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 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