Financial Highlights

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    Summary of Consolidated Business Results and Forecasts

    FY2017 (Actual)
    JGAAP
    FY2017 (Actual)
    IFRS
    FY2018 (Actual)
    IFRS
    FY2019 (Actual)
    IFRS
    FY2020 (Forecast)
    IFRS
    Orders received 3,875.7
    billion yen
    3,868.7
    billion yen
    3,853.4
    billion yen
    4,168.6
    billion yen
    3,500.0
    billion yen
    Net sales 4,110.8
    billion yen
    - - - -
    Revenue - 4,085.6
    billion yen
    4,078.3
    billion yen
    4,041.3
    billion yen
    3,800.0
    billion yen
    Operating income 126.5
    billion yen
    - - - -
    Profit from business activities - 58.1
    billion yen
    186.7
    billion yen
    -29.5
    billion yen
    0.0
    billion yen
    Ordinary Income 114.4
    billion yen
    - - - -
    Profit Attributable to Owners of Parent 70.4
    billion yen
    -7.3
    billion yen
    101.3
    billion yen
    87.1
    billion yen
    0.0
    billion yen

    Orders received,Net sales and Revenue

    Orders received and Net sales
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Orders received 4,275.6 billion yen 3,875.7 billion yen 3,868.7 billion yen 3,853.4 billion yen 4,168.6 billion yen
    Net sales 3,914.0 billion yen 4,110.8 billion yen - - -
    Revenue - - 4,085.6 billion yen 4,078.3 billion yen 4,041.3 billion yen

    Operating Income,Profit from business activities,Ordinary Income and Profit attributable to owners of parent

    Operating Income,Ordinary Income and Profit attributable to owners of parent
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Operating income 150.5 billion yen 126.5 billion yen - - -
    Profit from business activities - - 58.1 billion yen 186.7 billion yen -29.5 billion yen
    Ordinary Income 124.2 billion yen 114.4 billion yen - - -
    Profit attributable to owners of parent 87.7 billion yen 70.4 billion yen -7.3 billion yen 101.3 billion yen 87.1 billion yen

    Total assets and Interest-bearing debt

    Total assets and Interest-bearing debt
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Total assets 5,481.9 billion yen 5,487.6 billion yen 5,248.7 billion yen 5,142.7 billion yen 4,985.6 billion yen
    Interest-bearing debt 925.5 billion yen 813.1 billion yen 813.1 billion yen 665.1 billion yen 598.2 billion yen

    Capital Expenditure and Depreciation

    Capital Expenditure and Depreciation
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Capital Expenditure 204.4 billion yen 158.4 billion yen 158.4 billion yen 147.3 billion yen 161.5 billion yen
    Depreciation 172.7 billion yen 176.1 billion yen 176.1 billion yen 124.9 billion yen 144.6 billion yen

    Equity and Equity ratio

    Equity and Equity ratio
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Equity 2,104.1 billion yen 2,164.4 billion yen 1,693.8 billion yen 1,748.8 billion yen 1,290.0 billion yen
    Equity ratio 32.5% 33.3% 26.6% 27.8% 24.4%

    Earning per share and Book value per share

    Earning per share and Book value per share
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Earning per share 261.24 yen 209.82 yen -21.79 yen 301.95 yen 259.39 yen
    Book value
    per share
    5,299.14 yen 5,431.02 yen 4,153.46 yen 4,262.24 yen 3,627.73 yen

    ROE and ROA

    ROE and ROA
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Return on equity (ROE) 5.1% 3.9% -0.5% 7.2% 6.6%
    Return on total assets (ROA)

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

    1.6% 1.3% -0.1% 2.0% 1.7%
    Return on total assets (ROA)

    (to profit before income taxes)

    2.3% 2.1% 0.7% 3.5% -0.6%

    Cash Flows

    Operating Cash Flow

    Operating Cash Flow

    Investment Cash Flow

    Investment Cash Flow

    Free Cash Flows

    Free Cash Flows

    Financing Cash Flow

    Financing Cash Flow
    FY2016
    JGAAP
    FY2017
    JGAAP
    FY2017
    IFRS
    FY2018
    IFRS
    FY2019
    IFRS
    Operating
    Cash Flow
    95.9 billion yen 345.1 billion yen 405.7 billion yen 404.9 billion yen 452.5 billion yen
    Investment
    Cash Flow
    8.7 billion yen -137.1 billion yen -238.1 billion yen -161.8 billion yen -239.5 billion yen
    Free
    Cash Flows
    104.6 billion yen 207.9 billion yen 167.5 billion yen 243.0 billion yen 212.9 billion yen
    Financing
    Cash Flow
    -162.0 billion yen -152.1 billion yen -112.3 billion yen -255.5 billion yen -204.4 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