Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

MHI (7011) | The Time to Act on Energy Transition

Kansai Electric | Growing Support for Nuclear Restarts; Bullish

Equity Bottom-Up

Mitsubishi Heavy Industries / Equity Bottom-Up

<ul>
<li>MHI's stock fell 7% following the announcement of results. Guidance for FY3/25 missed analyst expectations</li>
<li>Even so, MHI remains a key beneficiary of the global shift to clean energy and national policies aimed at bolstering national security </li>
<li>We remain bullish. The stock has performed well this year and but 13x EV/EBIT seems reasonable given the structural drivers</li>
</ul>


MHI's stock fell 7% following the announcement of results. Guidance for FY3/25 missed analyst expectations
Even so, MHI remains a key beneficiary of the global shift to clean energy and national policies aimed at bolstering national security 
We remain bullish. The stock has performed well this year and but 13x EV/EBIT seems reasonable given the structural drivers


Mitsubishi Heavy Industries

Mitsubishi Heavy (7011) | Flying High