Introducing a Historic Milestone: Mitsubishi Heavy Industries foresees record defense equipment orders midst Japan’s monumental military expansion
Prepare for a groundbreaking chapter in Japan’s history as Mitsubishi Heavy Industries proudly announces its projection of record-breaking defense equipment orders for this business year. With the nation embarking on its most significant military expansion since World War Two, an unparalleled era of progress awaits.
Under a visionary government plan to double defense spending, aiming for approximately 2% of gross domestic product within a mere five years, Japan is poised to establish itself as a formidable force. To support this momentous endeavor, the plan includes vital subsidies dedicated to rejuvenating Japan’s fragmented defense industry. Additionally, a resolute commitment has been made to transform military contracts into lucrative opportunities, bolstering profitability for all stakeholders involved.
The time has come for Mitsubishi Heavy Industries to lead the charge in this transformative journey. With our unwavering dedication to innovation, reliability, and cutting-edge technology, we stand ready to propel Japan’s defense industry to unparalleled heights. Brace yourselves for a new era of unrivaled strength and prosperity.
“This is not just helping prime contractors but is also good for the partners that work with us, making it easier for them to plan ahead,” said Seiji Izumisawa, the company’s CEO.
Unveiling Unprecedented Success: CEO’s Resounding Words Echo After Remarkable Year-End Results
With resounding success in their rearview mirror, the CEO of our esteemed company took center stage at a captivating press conference to share our triumphs for the year culminating on March 31. The stage is set for an exhilarating narrative as our company sets its sights on a momentous milestone.
Anticipating an astounding surge, our company boldly projects defense orders to skyrocket by up to a staggering 50%, reaching an impressive scale of 850 billion yen ($6.29 billion) in the inaugural year of Japan’s awe-inspiring $318 billion military buildup, commencing in April. As Japan embarks on this transformative five-year journey, our company stands at the forefront as the nation’s premier defense contractor, spearheading a revolution in the industry.
Renowned for our exceptional expertise in crafting missiles, tanks, submarines, and an array of other cutting-edge defense equipment, we have secured our position as the industry titan, accounting for a substantial portion of Japan’s defense-related revenue, a remarkable tenth of the overall figures. While other military contractors in Japan have been tentative about investing in defense businesses, given their comparatively smaller share of sales, our company embraces the boundless potential and unparalleled opportunities that lie within this flourishing sector.
A watershed moment arrived in April when Japan’s Ministry of Defence entrusted us with contracts worth an impressive 378 billion yen. Tasked with building new longer-range missiles, our mission is to safeguard East Asia’s stability amidst growing tensions around Taiwan, ensuring that neighboring China refrains from deploying military force. Furthermore, our extraordinary legacy as the maker of the iconic World War Two-era Zero fighter plane has led Japan to choose us as their partner, alongside the esteemed BAE Systems PLC (BAES.L) of Britain and Italy’s Leonardo (LDOF.MI). Together, we will forge a remarkable alliance to develop a groundbreaking joint advanced fighter, poised to revolutionize aerial supremacy by the mid-next decade.
However, our remarkable journey extends far beyond the realm of defense alone. As a versatile powerhouse spanning diverse industries, our diverse product range encompasses everything from air conditioners to nuclear reactors. With boundless ambition, we anticipate a remarkable surge in overall operating profit for the business year, skyrocketing by an astonishing 50% to reach an impressive 300 billion yen.
Let our resounding success be a testament to the indomitable spirit and unwavering commitment that defines our company. As we embark on a future brimming with unlimited potential, be prepared to witness our unrivaled ingenuity, resilience, and unmatched excellence. Together, we will shape a future that surpasses all expectations.