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MHI Group Announces Update to 2018 Medium-Term Business Plan (MTBP),
Outlines Strategic Path to Growth

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Tokyo, October 31, 2019 – Mitsubishi Heavy Industries (MHI) Group today announced an update to its 2018 Midterm Business Plan, outlining a path to growth that sees it focus on Decarbonization, Electrification and Intelligence. With manufacturing at the core, MHI Group will expand business areas that take on changing social values and technological innovations, developing new cutting edge mechanical systems. The Group will shift resources from current businesses and reorganize its business portfolio to drive growth in areas that reflect the current needs of customers and society as a whole.

The update also sees the Group changing its previous target of 5,000 billion yen in revenue by the end of FY2020, now targeting 4,700 billion.

Details of the plan can be found here(2.3MB)