Mitsubishi Heavy Industries : Notice Regarding Partial Amendment to the "Notice of the 99th Annual General Meeting of Shareholders" (Key issues for MHI group) (121 KB)
June 21, 2024 at 04:41 am EDT
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(Note) This is a translation of the official Japanese original for reference purpose only. In the event of any discrepancy between this translation and the official Japanese original, the Japanese original shall prevail.
[Security Code: 7011]
June 22, 2024
To the Shareholders:
Seiji Izumisawa, President and CEO
Mitsubishi Heavy Industries, Ltd.
2-3, Marunouchi 3-chome,
Chiyoda-ku, Tokyo
Notice Regarding Partial Correction to the "NOTICE OF THE 99TH ANNUAL
GENERAL MEETING OF SHAREHOLDERS"
Mitsubishi Heavy Industries, Ltd. ("MHI") hereby announces that the "NOTICE OF THE 99TH ANNUAL GENERAL MEETING OF SHAREHOLDERS," disclosed on May 29, 2024 on MHI's website and other websites, contained a matter to be corrected in its attached document, the Business Report. Accordingly, the information is corrected as follows and posted on this website.
Amendment Item (The corrected portion is underlined.)
Information in the "KEY ISSUES FOR MHI GROUP" of the Business Report on page 34 of the
"NOTICE OF THE 99TH ANNUAL GENERAL MEETING OF SHAREHOLDERS"
Before correction
After correction
In addition, we have set quantitative targets for
In addition, we have set quantitative targets for
FY2026, such that include revenue of ¥5,700.0
FY2026, such that include revenue of ¥5,700.0
billion or higher, profit from business activities of
billion or higher, profit from business activities of
¥450.0 billion (business profit margin of 8%) or
¥450.0 billion (business profit margin of 8%) or
higher, and ROE of 12%, while concurrently
higher, and ROE of 12% or higher, while
pursuing shareholder returns in a manner that
concurrently pursuing shareholder returns in a
involves maintaining stable dividends and increasing
manner that involves maintaining stable dividends
dividends in alignment with profit growth.
and increasing dividends in alignment with profit
growth.
(End)
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Mitsubishi Heavy Industries, Ltd. is a diversified group organized around 4 business segments:
- manufacturing of systems and components for energy production units (42.6% of net sales): offshore wind turbines, pumps, turbochargers, reactors, compressors, aero-engines, gas turbines, nuclear power generators, etc.;
- shipbuilding and industrial construction (41.1%): construction of ships, land transport systems, machinery and industrial installations, environmental systems (industrial wastewater treatment systems, air pollution control units, marine pollution prevention systems, waste incinerators, etc.), handling equipment, machine tools, air conditioning and refrigeration systems, toll systems, etc.;
- construction of avionics, defence and aerospace systems (15.7%);
- other (0.3%).
Net sales are distributed geographically as follows: Japan (48.9%), Asia (17.4%), the United States (14.8%), Europe (9.4%), Middle East (2.9%), Central and South America (2.8%), Africa (1.3%) and other (2.5%).
Mitsubishi Heavy Industries : Notice Regarding Partial Amendment to the "Notice of the 99th Annual General Meeting of Shareholders" (Key issues for MHI group) (121 KB)
MITSUBISHI HEAVY INDUSTRIES, LTD. 
