To solve society’s issues through global integrated engineering,
ensuring long-term wellbeing and security for humanity.
Over the course of Mitsubishi Heavy Industries’ long history, we’ve evolved our business to support society as the world changes and evolves. This Medium-Term Business Plan (MTBP) marks an important moment for us as we conclude a period of restructuring and look toward a bright future.
Since 2015, we have implemented significant reforms as we faced organizational and financial challenges. We have renovated and strengthened our risk management structure, built a strong financial foundation and shifted to a global management structure.
Today, we take a bright view of the future. These new structures and mechanisms enable MHI to support emerging societal needs, and thereby position the company for healthy, long-term growth. The work we have done to balance business growth with financial stability has positioned us to take controlled risk, and we are already driving earnings recovery, implementing a growth strategy and investing business expansion in line with societal needs and priorities.
The result of this MTBP will impact key stakeholders in numerous positive ways. For our investors, we will drive growth and value, and remain a sound, long-term investment. For our customers, we remain committed to providing exceptional customer service and solutions that help them navigate complex challenges. For our employees, we will instill an entrepreneurial spirit within a stable environment. With a strong foundation at our feet and the winds of change at our back, we set sail towards new horizons.
President and CEO
By serving stakeholders and society at large in a sustainable and harmonious way, we aim to become a ¥5 TRILLION (≈ $50B USD) COMPANY BY 2020 which has a balanced Triple-One Proportion.
Striving for a 1:1:1 Balance of Net Sales, Total Assets, and Market Capitalization for Stable Growth Aligned with Corporate Values
|2018||1 : 1.3 : 0.3|
|2021||1 : 1.1 : 0.6|
|2024||1 : 1 : 1|
The Triple-One Proportion aims to achieve balance through a 1:1:1 ratio of three key factors: net sales, total assets and market capitalization. Increasing the scale of our business to $50 billion allows room to navigate the challenges and opportunities inherent with pursuing new innovative projects, while the Triple-One Proportion concept provides the ability to withstand any change in circumstance.
Embed business reforms and prioritize efficiency and quality (total assets)
Increase business scale (net sales) by implementing growth strategies
Increase market capitalization through business growth, increased profitability, and shareholder returns
Long-term, stable increase of corporate value
We will implement new tools and behaviors to shape and support our long term strategic direction for the company.
MHI Future Stream will MOVE THE WORLD FORWARD by leveraging global megatrends and innovative new technology to transform society for the better. MHI Group will continue to develop solutions to address global issues, such as the transition to a lower carbon planet, smarter and more sustainable infrastructure, and a world that works for all.
SOCIAL INFRASTRUCTURE INNOVATION
TAKE ON CHALLENGES OF THE DISTANT FUTURE
A SOCIETY WHERE ALL HUMAN BEINGS CAN LIVE WITH PEACE OF MIND
Finding business opportunities in the world’s megatrends
Converting existing businesses to respond to emerging trends
Exploring innovative new technologies
Encourage controlled risk taking
Promote program and product ownership
Enable cross-company collaboration
Underscore the importance of quality and efficiency
To fuel organic growth, we are focused on macro-economic trends, specifically sustainable development and digital transformation. We will also invest in M&A to drive inorganic growth and will consider specific areas going forward.
RISE TO MEET THE FUTURE