Mitsubishi expects operating profit to grow to $2.9 billion

Japanese conglomerate Mitsubishi Heavy Industries today forecast a 9.6% growth in operating profit this year, driven by strong defense demand, excluding the impact of US tariffs. This comes after its 2024-2025 fiscal year profit fell short of analysts’ expectations.

The company also expects an operating profit of 420 billion yen ($2.9 billion) for the current fiscal year ending March 2026, after posting a profit of 383.2 billion yen in the previous fiscal year, a 35.6% increase.

The company added that operating profit in the aerospace and defense sectors will grow 40% this year, while profit from power systems, including power generation equipment such as turbines, will rise 17%.

The company explained in a presentation that the forecast does not include the risk of rising or falling prices resulting from the impact of US tariff policy.