MHI Group Announces Update to 2018 Medium-Term Business Plan (MTBP), Outlines Strategic Path to Growth

- Midway through 2018 MTBP, MHI is executing as planned, strengthening financial foundations by embedding cash flow management processes
- Management focused on balancing business growth and financial stability. Reflecting committed M&A deals and the current state of the medium-lot product market, FY2020 targets revised
- Growth to be driven by combining MHI's core competencies in mechanical systems with innovative technologies in decarbonization, electrification, and intelligence

TOKYO, Oct 31, 2019 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI) Group today announced an update to its 2018 Midterm Business Plan, outlining a path to growth that sees it focus on Decarbonization, Electrification and Intelligence. With manufacturing at the core, MHI Group will expand business areas that take on changing social values and technological innovations, developing new cutting edge mechanical systems.

The Group will shift resources from current businesses and reorganize its business portfolio to drive growth in areas that reflect the current needs of customers and society as a whole.
The update also sees the Group changing its previous target of 5,000 billion yen in revenue by the end of FY2020, now targeting 4,700 billion.

Details of the plan can be found here: https://bit.ly/34eurIi.

Contact:

Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Email: mediacontact_global@mhi.co.jp
Tel: +81-(0)3-6275-6200

Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy, Alternatives, Engineering

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