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Financial and Non-Financial Highlights

MITSUBISHI HEAVY INDUSTRIES, LTD. and its subsidiaries Years ended March 31

  Graph:2004-2014Net income ROE  
Years ended March 31 or as of March 31
Billions of yen
  2004 Medium-Term Business Plan 2006 Medium-Term Business Plan 2008 Medium-Term Business Plan 2010 Medium-Term Business Plan 2012 Medium-Term Business Plan Millions of U.S. dollars*1
Orders received \26,628 \27,228 \29,420 \32,747 \37,152 \32,687 \24,762 \29,954 \31,888 \30,322 \34,200 $33,229
Net sales 23,734 25,907 27,921 30,685 32,030 33,756 29,408 29,037 28,209 28,178 33,495 32,544
Operating income 666 147 709 1,089 1,360 1,058 656 1,012 1,119 1,635 2,061 2,002
Income before income taxes and minority interests 501 163 523 837 1,013 649 281 394 698 1,554 2,144 2,083
Net income 217 40 298 488 613 242 141 301 245 973 1,604 1,558
Research and development expenses \995 \1,240 \1,007 \1,063 \1,079 \1,013 \1,292 \1,232 \1,214 \1,200 \1,385 $1,345
Capital investment 1,098 1,122 1,405 1,759 1,914 1,966 1,771 1,266 1,207 1,188 1,486 1,443
Depreciation 998 991 1,008 1,067 1,292 1,538 1,404 1,344 1,262 1,194 1,349 1,310
Total assets \37,153 \38,311 \40,471 \43,918 \45,171 \45,262 \42,628 \39,890 \39,639 \39,351 \48,860 $47,473
Net assets*2 13,244 13,099 13,762 14,464 14,404 12,832 13,287 13,126 13,063 14,302 17,742 17,238
Interest-bearing debt 11,012 11,728 11,986 12,735 13,653 16,128 14,953 13,256 11,571 10,312 9,574 9,302
Cash fl ows from operating activities \1,342 \1,070 \739 \1,587 \1,618 \795 \1,179 \3,378 \2,003 \2,883 \2,962 $2,877
Cash fl ows from investing activities (953) (1,633) (1,040) (1,586) (1,930) (1,565) (1,807) (1,372) (470) (767) (1,515) (1,472)
Free cash fl ows 388 (562) (301) 0 (312) (770) (627) 2,005 1,533 2,116 1,446 1,404
Cash fl ows from fi nancing activities (444) 579 79 487 712 2,620 (1,052) (1,697) (1,836) (1,542) (1,366) (1,327)
Per share information of common stockYen U.S. dollars
Net income?basic (EPS) \6.46 \1.20 \8.85 \14.56 \18.28 \7.22 \4.22 \8.97 \7.31 \29.01 \47.81 $0.464
Net assets 393.17 390.44 410.15 425.54 423.17 369.94 380.80 376.17 374.08 410.90 459.99 4.469
Cash dividends 6.00 4.00 4.00 6.00 6.00 6.00 4.00 4.00 6.00 8.00 8.00 0.077
Ratios
Overseas sales ratio 37.6% 40.5% 43.9% 47.7% 48.7% 48.9% 50.3% 49.0% 41.9% 44.8% 49.3%
Operating income ratio 2.8% 0.6% 2.5% 3.5% 4.2% 3.1% 2.2% 3.5% 4.0% 5.8% 6.2%
Return on equity*3 1.7% 0.3% 2.2% 3.5% 4.3% 1.8% 1.1% 2.4% 1.9% 7.4% 11.0%
Return on invested capital*4 1.6% 0.8% 1.6% 2.3% 2.7% 1.8% 1.0% 1.5% 1.5% 4.4% 6.7%
Return on assets*5 0.6% 0.1% 0.8% 1.2% 1.4% 0.5% 0.3% 0.7% 0.6% 2.5% 3.6%
Current ratio 158.1% 157.3% 156.4% 154.2% 160.9% 158.7% 181.7% 167.9% 153.9% 155.0% 139.2%
D/E ratio*6 82% 89% 86% 88% 95% 126% 113% 101% 89% 72% 54%
Equity ratio*7 35.6% 34.2% 34.0% 32.5% 31.4% 27.4% 30.0% 31.6% 31.7% 35.0% 31.6%
Dividend payout ratio*8 92.8% 333.3% 45.1% 41.2% 32.8% 83.2% 94.8% 44.6% 82.0% 27.6% 16.7%
Non-financial indexes
Number of employees 68,816 68,887 68,213 80,583
Number of overseas employees 12,001 13,036 14,129 19,909
Number of female managers*9、*10 266 288 293 256
Energy input*10(TJ) 10,621 10,346 10,303 9,796
Greenhouse gas (CO2) emissions*11 (kilotons) 482 474 533 538
Water usage*11 (million cubic meters) 7.66 7.22 7.02 6.82
Investment and costs for environmental preservation*10 (billions of yen) 251 206 233 216
Social contribution expenses (billions of yen) 16 20 14 14

Number of female managers: As one aspect of its diversity management aimed at accelerating global development, by 2020 MHI plans to triple its number of female managers (section heads or their equivalent and above) from the present level.

Investment and costs for environmental preservation:These include the costs for preventing pollution and conserving energy, reducing waste, and developing various types of environmentally friendly products.

Notes:

  • *1. U.S. dollar amounts in this report are translated from yen, for convenience only, at the rate of \102.92 = U.S. $1, the exchange rate prevailing at March 31, 2014.
  • *2. In calculating the net assets, MHI and its consolidated subsidiaries have applied the “Accounting Standard for Presentation of Net Assets in the Balance Sheet”(Accounting Standards Board of Japan (ASBJ) Statement No. 5) and the “Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet” (ASBJ Guidance No. 8) since the year ended March 31, 2007.
  • *3. Return on equity = net income / (net assets ? share subscription rights ? minority interests)
  • *4. Return on invested capital = NOPAT / (net assets + interest-bearing debt)
  • *5. Return on assets = net income / total assets
  • *6. D/E ratio = interest-bearing debt / net assets
  • *7. Equity ratio = (net assets ? share subscription rights ? minority interests) / total assets
  • *8. Dividend payout ratio = dividends / net income
  • *9. Number of section managers or above, excluding medical staff, as of April 1
  • *10. In principle, MHI on a non-consolidated basis
  • *11. In principle, production plants of MHI on a non-consolidated basis
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