Orders received by the nuclear power business rose approximately 53% year on year to JPY278.4 billion, while revenue increased approximately 48% to JPY152.1 billion.
MHI also raised its full-year forecasts for the nuclear power business, increasing its order intake projection to JPY600 billion from the previous JPY450 billion, and its revenue forecast to JPY550 billion from JPY400 billion. The company cited an increase in nuclear fuel cycle-related projects as a factor behind the upward revision to its order forecast.
For the company as a whole, orders received in the first half increased 9% year on year to JPY3,612.5 billion, while business profit rose 45% to JPY249.3 billion.
By business segment, gas turbine combined cycle (GTCC) and nuclear power were major drivers of growth in orders, revenue and business profit. MHI raised its full-year business profit forecast from JPY540 billion, announced in May, to JPY600 billion.
In its financial results presentation, MHI also outlined plans for growth investments from FY2027 onwards, aimed at strengthening profitability.
In the nuclear power business, the company plans to invest JPY100 billion, including in the renewal of large-scale machining equipment, with future nuclear power plant construction in mind.
MHI also plans growth investments in other businesses, including GTCC and defence, as part of its strategy to establish a cycle in which higher profitability supports further investment and growth.
