Mitsubishi Heavy Industries Ltd - Company Profile
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Business Description
Mitsubishi Heavy Industries Ltd (MHI) is an engineering, electrical equipment, and electronics company. Its products include aircraft, aerospace components, automotive components, hydraulic equipment, machine tools, power generation equipment, ships, missiles, and space launch vehicles. MHI operates through four reportable business segments: Energy Systems, Plant & Infrastructure; Logistics, Thermal & Drive Systems, and Aircraft, Defense & Space. The company continues to concentrate on the development of the MRJ and growth investments on business scale expansion opportunities that would produce immediate results.
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R&D Overview
MHI's R&D activities focus on process improvement, quality assurance, process control, system development and development of new manufacturing methods and improvement of the existing manufacturing processes, new product development and improvement of the existing products. The company conducts R&D at six facilities, Advanced Technology Research Center, Yokohama Research & Development Center, Nagasaki Research & Development Center, Nagoya Research & Development Center, and Takasago Research & Development Center that develop technologies for energy and environment-related products. Its Hiroshima Research & Development Center focuses on the development of technologies for transportation and conveyance system. The company is involved in nuclear businesses, it owns facilities for processing the radioactive waste of nuclear fuel and for carrying out research and development on the safety of nuclear fission reactor materials. In FY2023, the company spent JPY75,290 million on its R&D, which as a percentage of revenue stood at 1.79%.
Business Segments
Overview
Provides commercial aircraft, defense aircraft, missile systems, naval ships, special vehicles, maritime systems (torpedoes), space systems. Research and development expenses related to this segment are JPY38,763 million.
Performance
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Overview
Provides gas and steam power generation systems, nuclear power plant equipment, such as light-water reactors, nuclear fuel cycle, and advanced solutions, wind power generators, aero engines, compressors, and marine machinery. Services include thermal power generation systems, nuclear power generation system, wind power generators, engines for aircrafts, compressors, air quality control system, marine machinery. Research and development expenses related to this segment are JPY40,890 million.
Performance
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Overview
Provides material handling equipment, turbochargers, engines, air-conditioning and refrigeration systems, automotive thermal systems. Research and development expenses related to this segment are JPY14,672 million.
Performance
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Overview
Provides metals machinery, commercial ships, engineering, environmental systems, mechatronics systems. Research and development expenses related to this segment are JPY9,940 million.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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