Mitsubishi Heavy Industries to sell wind power business, revises FY2025 forecast

Mitsubishi Heavy Industries has entered into a basic agreement with Electric Power Development Co.,Ltd. (J-POWER) for the transfer of MHI's domestic onshore wind power generation business. The business, excluding certain continuing operations, will first be moved to a newly established wholly-owned subsidiary, with all shares then transferred to J-POWER. This transaction, expected to conclude by April 1, 2026, aims to leverage MHI's wind turbine expertise and J-POWER's core business focus to maximize growth.

In conjunction with this strategic divestiture, MHI has revised its consolidated earnings forecast for FY2025. The company now projects a revenue of ¥4,800.0 billion, up from ¥4,750.0 billion, and maintains a business profit of ¥390.0 billion. Order intake for Energy Systems is now expected to reach ¥3,200.0 billion, a significant increase from the previous forecast of ¥2,200.0 billion.

The decision to sell Mitsubishi Logisnext Co., Ltd., a consolidated subsidiary, has led to its classification as a discontinued operation, impacting the reporting of financial results. Mitsubishi Logisnext Co., Ltd. has also revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, with net sales now projected at ¥635,000 million (down from ¥650,000 million) and profit attributable to owners of parent at ¥1,000 million (down from ¥11,000 million).