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Mitsubishi Heavy Industries Ltd (7011.T)

7011.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MHI Vestas in conditional agreement with Vattenfall on Horns Rev 3
Thursday, 2 Jun 2016 03:52am EDT 

Vestas : Says can confirm that Vattenfall [VATN.UL] and MHI Vestas offshore wind have entered into a conditional agreement regarding delivery of V164-8.0 MW turbine for 400 MW Horns Rev 3 project in Denmark .Says if and when project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.  Full Article

BRIEF-MHI Vestas in conditional agreement with Vattenfall on Horns Rev 3
Thursday, 2 Jun 2016 03:52am EDT 

Vestas : Says can confirm that Vattenfall [VATN.UL] and MHI Vestas offshore wind have entered into a conditional agreement regarding delivery of V164-8.0 MW turbine for 400 MW Horns Rev 3 project in Denmark .Says if and when project translates into a firm and unconditional order, Vestas will disclose a company announcement about this.  Full Article

INPEX and MHI conclude memorandum on joint study of technological challenges in the energy sector
Wednesday, 25 May 2016 02:00am EDT 

Inpex Corp <1605.T>: Says INPEX CORPORATION (INPEX) and Mitsubishi Heavy Industries, Ltd. <7011.T> (MHI)jointly announced that they have concluded a memorandum based on an agreement to jointly study solutions for various technological challenges in the energy sector .Says under the auspices of the memorandum, INPEX and MHI plan to jointly establish a working committee and address technological solutions including utilizing the Internet of Things and robot technology to further optimize oil and gas production operations.  Full Article

Mitsubishi Heavy plans to sell about 200 bln yen in property and shareholdings over next 2 yrs - Nikkei
Monday, 23 May 2016 01:16pm EDT 

Nikkei: Mitsubishi Heavy Industries plans to sell about 200 billion yen ($1.82 billion) in property and shareholdings over the next two years - Nikkei .Mitsubishi Heavy Industries sees group net profit doubling to 130 billion yen in the fiscal year ending March 2017 - Nikkei.  Full Article

Mitsubishi Heavy Industries to transfer engine & turbocharger business to unit
Tuesday, 17 May 2016 12:45am EDT 

Mitsubishi Heavy Industries Ltd <7011.T> : Says it will transfer its engine & turbocharger business to Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a wholly owned subsidiary .Says MHI takes the formal decision to conclude an absorption-type company split agreement with MHIET enabling the business transfer.  Full Article

Mitsubishi Heavy Industries lowers consolidated full-year outlook for FY 2016
Wednesday, 27 Apr 2016 04:00am EDT 

Mitsubishi Heavy Industries Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 4,046,000 mln yen for the fiscal year ended March 31, 2016.Confirms the operating profit forecast at 309,500 mln yen.Sees a decrease of ordinary profit forecast to 272,500 mln yen from 274,500 mln yen.Sees a decrease of net profit forecast to 64,000 mln yen from 66,000 mln yen.Sees a decrease of earnings per share to 19.07 yen from 19.66 yen.  Full Article

Mitsubishi Heavy Industries lowers consolidated full-year outlook for FY 2016 and expects extraordinary profit for Q4 of FY 2016
Sunday, 24 Apr 2016 10:30pm EDT 

Mitsubishi Heavy Industries Ltd:Says the company lowered the consolidated full-year outlook for revenue to 4,046,000 mln yen from 4,100,000 mln yen for the fiscal year ended March 31, 2016.Operating profit forecast increased to 309,500 mln yen from 300,000 mln yen.Ordinary profit forecast increased to 274,500 mln yen from 270,000 mln yen.Sees a decrease of net profit forecast to 66,000 mln yen from 90,000 mln yen.Sees a decrease of earnings per share to 19.66 yen from 26.81 yen.Says it expects an extraordinary loss of 50,850 million yen recorded as loss in passenger vessel business for Q4 of the fiscal year ended March 31, 2016.FY 2016 revenues of 4,145.00 billion yen, net income of 101.61 billion yen – Thomson Reuters I/B/E/S.Says decreased sales in core business and extraordinary loss recorded as main reasons for the forecast.  Full Article

Mitsubishi Nichiyu Forklift and Mitsubishi Heavy Industries' unit complete stake acquisition in UniCarriers Holdings
Thursday, 31 Mar 2016 12:00am EDT 

Mitsubishi Nichiyu Forklift Co., Ltd:Mitsubishi Heavy Industries's subsidiary (MFET) and Mitsubishi Nichiyu Forklift completes stake acquisition in the Tokyo-based company UniCarriers Holdings on March 31.Mitsubishi Heavy Industries's subsidiary (MFET) and Mitsubishi Nichiyu Forklift are holding a 65 pct stake and a 35 pct stake in UniCarriers Holdings respectively.Says plan was disclosed on July 31, 2015 and Dec. 18, 2015.  Full Article

Mitsubishi Heavy Industries to transfer compressor business to unit
Tuesday, 23 Feb 2016 11:30pm EST 

Mitsubishi Heavy Industries Ltd:Signs agreement to transfer compressor business in Hiroshima area owned by the co to its Hiroshima-based wholly owned unit effective on April 1.  Full Article

Mitsubishi Heavy Industries to transfer engine and turbo charger business to new sub-subsidiary
Wednesday, 3 Feb 2016 11:30pm EST 

Mitsubishi Heavy Industries Ltd:To transfer its engine and turbo charger business its new wholly owned sub-subsidiary.The new sub-subsidiary will be established in April.Business transfer effective July 1.  Full Article

Delta pilots oppose big regional jets, could be issue for Embraer, Mitsubishi

MONTREAL Delta Air Lines Inc pilots are expected to keep existing rules in their new labor contract that prevent the U.S. No. 2 carrier from flying aircraft above a certain weight on regional routes, in a blow to Embraer SA and Mitsubishi Heavy Industries Ltd, whose latest models exceed that limit.