Mitsubishi Heavy sees 10% operating profit growth this year on robust defence demand

Răzvan Botea

TOKYO :Japan's Mitsubishi Heavy Industries (MHI) on Friday projected a 9.6 per cent growth in operating profit this year on robust defence demand without weaving in impact of U.S. tariffs, after its fiscal 2024-25 earnings missed analyst expectations. The company expects operating profit of 420 billion yen ($2.9 billion) for the current financial year to March 2026, after posting a 383.2 billion yen profit in the just-ended business year, which marked a 35.6 per cent growth. In the ongoing year,