Financial Highlights

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

    Summary of Consolidated Business Results and Forecasts

    FY2019 (Actual)
    IFRS
    FY2020 (Actual)
    IFRS
    FY2021 (Actual)
    IFRS
    FY2022 (Forecast)
    IFRS
    Order intake 4,168.6
    billion yen
    3,336.3
    billion yen
    4,067.7
    billion yen
    3,700.0
    billion yen
    Revenue 4,041.3
    billion yen
    3,699.9
    billion yen
    3,860.2
    billion yen
    3,900.0
    billion yen
    Profit from business activities -29.5
    billion yen
    54.0
    billion yen
    160.2
    billion yen
    200.0
    billion yen
    Profit attributable to owners of parent 87.1
    billion yen
    40.6
    billion yen
    113.5
    billion yen
    120.0
    billion yen

    Order intake and Revenue

    Order intake and Revenue
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Order intake 4,168.6 billion yen 3,336.3 billion yen 4,067.7 billion yen
    Revenue 4,041.3 billion yen 3,699.9 billion yen 3,860.2 billion yen

    Profit from business activities and Profit attributable to owners of parent

    Profit from business activities and Profit attributable to owners of parent
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Profit from business activities -29.5 billion yen 54.0 billion yen 160.2 billion yen
    Profit attributable to owners of parent 87.1 billion yen 40.6 billion yen 113.5 billion yen

    Total assets and Interest-bearing debt

    Total assets and Interest-bearing debt
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Total assets 4,985.6 billion yen 4,810.7 billion yen 5,116.3 billion yen
    Interest-bearing debt 598.2 billion yen 905.6 billion yen 734.9 billion yen

    Capital Expenditures and Depreciation & amortization

    Capital Expenditures and Depreciation & amortization
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Capital Expenditures 161.5 billion yen 125.5 billion yen 122.8 billion yen
    Depreciation & amortization 144.6 billion yen 139.2 billion yen 132.1 billion yen

    Equity and Equity ratio

    Equity and Equity ratio
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Equity 1,290.0 billion yen 1,439.3 billion yen 1,662.5 billion yen
    Equity ratio 24.4% 28.4% 30.8 %

    Earning per share and Book value per share

    Earning per share and Book value per share
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Earning per share 259.39 yen 120.92 yen 338.24 yen
    Book value
    per share
    3,627.73 yen 4,064.73 yen 4,696.42 yen

    ROE and ROA

    ROE and ROA
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Return on equity (ROE) 6.6% 3.1% 7.7%
    Return on total assets (ROA)

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

    1.7% 0.8% 2.2%
    Return on total assets (ROA)

    (to profit before income taxes)

    -0.6% 1.0% 3.5%

    Cash Flows

    Operating Cash Flow

    Operating Cash Flow

    Investment Cash Flow

    Investment Cash Flow

    Free Cash Flow

    Free Cash Flow

    Financing Cash Flow

    Financing Cash Flow
    FY2019
    IFRS
    FY2020
    IFRS
    FY2021
    IFRS
    Operating
    Cash Flow
    452.5 billion yen -94.9 billion yen 285.5 billion yen
    Investment
    Cash Flow
    -239.5 billion yen -182.2 billion yen 16.3 billion yen
    Free
    Cash Flow
    212.9 billion yen -277.1 billion yen 301.8 billion yen
    Financing
    Cash Flow
    -204.4 billion yen -221.7 billion yen -255.7 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