7011.T

Waste-to-Energy Company in Singapore Made a Wholly-Owned Subsidiary

Retrieved on: 
Monday, August 8, 2022

Ltd., a special purpose company (SPC) for the business of the construction and operations of a waste-to-energy (WTE) facility in Singapore.

Key Points: 
  • Ltd., a special purpose company (SPC) for the business of the construction and operations of a waste-to-energy (WTE) facility in Singapore.
  • The facility for which MHI Group has delivered incinerators and power systems consists of 4 boilers, capable of processing around 35% of the incinerable waste generated daily in Singapore.
  • In December 2019, an MHI subsidiary in Singapore, Mitsubishi Heavy Industries Asia Pacific Pte.
  • Since July 2022, this O&M business has been taken over by MHIEC Eco Creation Singapore Pte.

MHI to Issue its First Transition Bond

Retrieved on: 
Friday, August 5, 2022

The issuance will be undertaken to raise funds for allocation to diverse initiatives toward achieving carbon neutrality.

Key Points: 
  • The issuance will be undertaken to raise funds for allocation to diverse initiatives toward achieving carbon neutrality.
  • The planned issuance is based on MHI's selection as a model example of the "2021 Climate Transition Finance Model Projects" being supported by the Ministry of Economy, Trade and Industry (METI), as announced in the Company's press release of March 18, 2022.
  • One of the unique features of this model example is that MHI not only plans to achieve emission reduction from the economic activities of itself but also attempts to enable the realization of transition strategies of other parties through its products and services.
  • Through issuance of its first transition bond, MHI looks to diversify its fund procurement methods and achieve its target of carbon neutrality by 2040.

Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter

Retrieved on: 
Friday, August 5, 2022

TOKYO, Aug 5, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022.

Key Points: 
  • TOKYO, Aug 5, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022.
  • Net profit was YEN19.1 billion, an increase of 51.7% year-over-year, with a profit margin of 2.2%.
  • EBITDA was YEN47.2 billion, a 12.2% decrease from FY2021, with a profit margin of 5.4%, down 0.9 percentage points year-over-year.
  • - Order intake, revenue, and net profit all exceeded Q1 FY2021 results, continuing upward trend from FY2020.

MHI Group Signs Sponsorship Agreement with Thailand's Muangthong United Football Club

Retrieved on: 
Thursday, August 4, 2022

TOKYO, Aug 4, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) Group has signed a sponsorship agreement with Muangthong United Football Club, a Thai League 1 professional football club based in Muang Thong Thani, Nonthaburi Province, Thailand.

Key Points: 
  • TOKYO, Aug 4, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) Group has signed a sponsorship agreement with Muangthong United Football Club, a Thai League 1 professional football club based in Muang Thong Thani, Nonthaburi Province, Thailand.
  • Muangthong United FC concluded a partnership memorandum of understanding in 2021 with the Urawa Red Diamonds (Urawa Reds), a Japanese professional football club in the J1 League for which MHI Group is the lead sponsor.
  • The sponsorship of a professional football club in Thailand will lead to greater engagement among local employees, contribute to regional development, and enhance enterprise value.
  • Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense.

Mitsubishi Power Receives Order from HK Electric for Re-provision of Gas Turbine Equipment at the Lamma Power Station

Retrieved on: 
Friday, July 29, 2022

TOKYO, July 29, 2022 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from The Hongkong Electric Co., Ltd. (HK Electric) for re-provision of gas turbine power generation equipment, specifically GT5, GT6, and GT7 at the Lamma Power Station.

Key Points: 
  • TOKYO, July 29, 2022 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from The Hongkong Electric Co., Ltd. (HK Electric) for re-provision of gas turbine power generation equipment, specifically GT5, GT6, and GT7 at the Lamma Power Station.
  • The three gas turbine systems, GT5, GT6, and GT7, use Mitsubishi Power's M701D series gas turbines as their core components.
  • Mitsubishi Power has had business relations with HK Electric for many years, having delivered numerous core power generation system components for the Lamma Power Station, including gas turbines, steam turbines, and boilers.
  • Mitsubishi Power has supplied HK Electric with approximately 98% of its generating equipment on an output basis.