Mitsubishi Heavy Industries' R&D expenditure FY 2014-2023

Published by
Alexandru Arba,
Jan 20, 2025

In the fiscal year 2023, Mitsubishi Heavy Industries spent approximately 178.3 billion Japanese yen on research and development, increasing from roughly 127.4 billion yen in the previous year. Founded in 1884, Mitsubishi Heavy Industries is one of the leading engineering companies in Japan. MHI engages in power systems, infrastructure and industrial systems, as well as aerospace and defense.

Research and development expenses of Mitsubishi Heavy Industries, Ltd. (MHI) from fiscal year 2014 to 2023 (in billion Japanese yen)

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Release date

November 2024

Region

Japan

Survey time period

fiscal years 2014 to 2023; the company's fiscal years start April 1 of the stated year and end March 31 of the following year

Special properties

consolidated figures

Supplementary notes

*As of FY 2018, the company adopted the International Reporting Standards (IFRS), abandoning the formerly used Japanese GAAP accounting standard.

100 Japanese yen equal 0.64 U.S. dollars or 0.62 euros as of January 2025.

Figures prior to the fiscal year 2020 come from previous reporting.

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