Industries›7 companies · latest full-year results
An industry that manufactures large-scale equipment and products such as steel, shipbuilding, machinery, and plants. Plays a role as a key industry for the nation.
The 7 heavy companies we cover had combined revenue of ¥18.4T (+6.9% year over year) and operating profit of ¥1.5T, an industry-wide operating margin of 8.0%.
MHI leads on revenue (¥5.0T, a 27.1% share), and the top three hold 73% of industry sales. 4 grew both revenue and operating profit; 0 saw both fall.
Komatsu has the highest operating margin (13.7%); average pay across the industry is ¥8.69M, highest at MHI (¥10.2M).
Industry total
Heavy Industry · 7 companies
YoY compares companies with prior-year figures
StockShares are −13.0% over a year, behind the all-industry average (+14.9%) — #53 of 53 industries. Over the last month: −12.4%, −9.7pt against the market.Details
GuidanceCompany plans for FY2027 (6 companies combined): revenue +8.6%, operating profit +18.6%. Planned profit growth is above the all-industry plan (+13.0%).Details
Revisions3 raised and 0 cut this year's forecast. The biggest revision: Komatsu (operating profit +15.2%).Details
Latest resultsYear to date through Q1, 3 companies combined: revenue +14.3%, operating profit +98.0% year over year. 0 are ahead of an even pace toward their full-year plan, 2 behind.Details
Disclosures3 TSE filings in the last 90 days (M&A and restructuring 2).Details
Earnings dates4 companies report within 30 days, starting with IHI on Nov 4 and Kanadevia on Nov 5.Details
None
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Heavy Industry | −12.4% | −14.3% | −13.0% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −9.7pt | −13.4pt | −28.0pt |
Rank among industries:3M #53/531Y #53/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 6 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
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Kanadevia: Ends Joint Venture Talks With Nippon Steel Engineering
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥5.0T | +14.1% | ¥432.2B | 8.7% | 27.1% | ¥10.2M | 42.5 | 22,347 |
| 2 | ¥4.4T | +7.0% | ¥137.0B | 3.1% | 23.8% | ¥8.42M | 41.0 | 14,506 |
| 3 | ¥4.1T | +0.7% | ¥567.3B | 13.7% | 22.5% | ¥8.59M | 41.5 | 12,344 |
| 4 | ¥2.3T | +8.5% | ¥145.1B | 6.3% | 12.6% | ¥7.93M | 41.5 | 14,597 |
| 5 | ¥1.6T | +1.0% | ¥165.5B | 10.1% | 9.0% | ¥10.0M | 42.4 | 8,199 |
| 6 | ¥645.2B | +5.7% | ¥12.2B | 1.9% | 3.5% | ¥7.92M | 43.6 | 3,964 |
| 7 | ¥285.0B | +7.0% | ¥16.3B | 5.7% | 1.6% | ¥7.82M | 44.0 | 3,669 |
| Industry total / average | ¥18.4T | +6.9% | ¥1.5T | 8.0% | 100% | ¥8.69M | 42.4 | 79,626 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
Kanadevia: Ends Joint Venture Talks With Nippon Steel Engineering
Kanadevia Q1 FY2027: Net Income Swings to Profit on Asset Sale, Outlook Steady
