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Kim Kyung - 1 Seiji Izumisawa - 1 Maki Shiraki - 1 Mariko Katsumura - 1 Barbara Lewis - 1
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Mitsubishi Heavy Industries - 1 REUTERS - 1 Rights - 1 Mitsubishi - 1 Thomson - 1

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☆ Mitsubishi Heavy expects record defence orders as Japan boosts military
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +1 min
The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Mitsubishi Heavy Industries (7011.T) has doubled its forecast for defence orders to a record 1.6 trillion yen ($10.7 billion) in the current financial year, it said on Monday, as Japan expands its military by the most since World War Two. The country's top defence contractor Mitsubishi Heavy makes missiles, tanks, submarines and other defence equipment, and military work accounts for around a tenth of its overall revenue. The revision of the internal projection for defence orders compared to a range of 800 billion to 850 billion yen it had previously expected, a company spokesperson told Reuters. The company on Monday also lifted estimates for total orders for the full year by around a fifth, to 5.6 trillion yen.
Persons: Kim Kyung, Seiji Izumisawa, Maki Shiraki, Mariko Katsumura, Barbara Lewis Organizations: Mitsubishi Heavy Industries, REUTERS, Rights, Mitsubishi, Reuters, Thomson Locations: Tokyo, Japan, China, North Korea
☆ Mitsubishi Heavy expects record defence orders as Japan pours money into military
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +2 min
TOKYO, May 10 (Reuters) - Mitsubishi Heavy Industries (7011.T) on Wednesday said it expects to book record defence equipment orders this business year as Japan embarks on its biggest military expansion since World War Two. His company said it expects defence orders to jump by around a half to as much as 850 billion yen ($6.29 billion) in the first year of Japan's five-year $318 billion military build up which began in April. The maker of missiles, tanks, submarines and other defence equipment is Japan's biggest defence contractor, with military work accounting for around a tenth of overall revenue. Many other military contractors in Japan, however, have been hesitant to invest in defence businesses as they often represent a much smaller share of sales. Mitsubishi Heavy, which makes products ranging from air conditioners to nuclear reactors expects overall operating profit for the business year to increase by a half to 300 billion yen.
☆ Asia's coal phase-out must be gradual, says Mitsubishi Heavy head
  + stars: | 2022-11-14 | by ( Leika Kihara | ) www.reuters.com   time to read: +3 min
"Previously, the discussion was binary in which you had to choose between renewable energy or existing technology. A "realistic" mix of renewable energy and greener existing infrastructure is needed to help Asia's emerging economies meet a power consumption boom in coming years, Izumisawa said. "You have to think not just about renewable energy, but how to make better use of resources like coal and LNG," he said. Japan, the world's fifth-biggest CO2 emitter, has also called for more focus on promoting the transition of existing fuel plants to greener energy resources. Indonesia is the world's fourth-most populous country and eighth-biggest emitter of greenhouse gases, with coal making up about 65% of its total energy mix.
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