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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)

Mitsubishi Heavy Industries to transfer aircraft engine business to unit
Thursday, 4 Aug 2016 01:26am EDT 

Mitsubishi Heavy Industries Ltd <7011.T>: Says it to transfer its defense aircraft engine and related business to its unit Mitsubishi Heavy Industries Aero Engines, Ltd. .Says transaction planned effective on April 1, 2017.  Full Article

Hollysys Automation Technologies unit signs contract for Doha Metro project
Thursday, 14 Jul 2016 06:30am EDT 

Hollysys Automation Technologies Ltd - : Hollysys Automation Technologies announces concord signed a significant contract to provide electrical installation services for Doha Metro Phase 1 project . Contract is approximately valued at QAR 227 million, or $62.3 million . First phase of project is scheduled to complete for operation in 2019, with 37 stations and 75 kilometers . Pds construction phase will begin in october 2016 and was scheduled to commence system trial test at q4 of 2018 .Unit signed a contract with Mitsubishi Heavy Industries Ltd.  Full Article

MHI Vestas has received a 406 MW order in Denmark
Thursday, 7 Jul 2016 05:25am EDT 

Vestas Wind Systems A/S : Says MHI Vestas Offshore Wind has received a firm and unconditional order for 49 units of the V164-8 MW turbines with a total capacity of 406 MW for the offshore Horns Reef 3 project in Denmark. . Says order is placed by Vattenfall [VATN.UL], and the contract covers supply, installation, commissioning and a five year service contract. .Says the project will be delivered by MHI Vestas Offshore Wind, a 50/50 joint venture with Japan's Mitsubishi Heavy Industries <7011.T>, and will not enter into the order backlog of Vestas Wind Systems.  Full Article

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

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France to buy out Areva shareholders in bid for nuclear fix

PARIS France will buy out minority shareholders in Areva and delist the troubled nuclear group, the government said on Wednesday as talks with potential investors in a new nuclear fuel company being spun out of Areva neared a conclusion.