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No.

1561

MHI Announces Outline of FY2012 First 3 Month Financial Results Ended June 30, 2012 (Consolidated)
Tokyo, July 31, 2012 -- Mitsubishi Heavy Industries, Ltd. (MHI) today announced its consolidated financial results for the first three months of fiscal year (FY) 2012 ended June 30, 2012.

(billions of yen) FY2012 First 3 Months


(From April 1 to June 30, 2012)

FY2011 First 3 Months


(From April 1 to June 30, 2011)

Changes (%)

Orders Received Net Sales Operating Income Ordinary Income Income Before Taxes and Minority Interests Net Income

492.4 649.1 36.5 25.3 29.2 18.8

621.3 613.6 38.7 29.6 27.4 9.6

20.7 5.8 (5.6) (14.7) 6.5 95.7

Net Income Per Share Figures in parentheses are minus value.

5.63 yen

2.88 yen

95.7

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Consolidated financial results (continued) Sales by Operational Segment


FY2012 First 3 Months
(From April 1 to June 30, 2012)

(billions of yen) FY2011 First 3 Months


(From April 1 to June 30, 2011)

Shipbuilding & Ocean Development Power Systems Machinery & Steel Infrastructure Systems Aerospace Systems General Machinery & Special Vehicles Others Eliminations or Corporate TOTAL

83.7 228.3 93.6 94.2 93.1 87.0 (30.9) 649.1

63.2 213.5 84.2 107.5 86.8 66.3 (8.1) 613.6

Operating Income (Loss) by Operational Segment


FY2012 First 3 Months
(From April 1 to June 30, 2012)

(billions of yen) FY2011 First 3 Months


(From April 1 to June 30, 2011)

Shipbuilding & Ocean Development Power Systems Machinery & Steel Infrastructure Systems Aerospace Systems General Machinery & Special Vehicles Others Eliminations or Corporate TOTAL Figures in parentheses are minus value. 2/3

(2.4) 36.5 3.4 0.0 1.3 2.2 (4.6) 36.5

4.5 35.4 2.9 (1.4) (1.4) 2.3 (3.7) 38.7

Estimate of Consolidated Financial Results for FY 2012


For the fiscal year 2012 ending March 31, 2013, MHI is expecting 3,000 billion yen in net sales, 120 billion yen in operating income, 80 billion yen in ordinary income, and 40 billion yen in net income. Please note that this estimate has been projected with currently available information and data. As such, these projections involve risks and uncertainties. For this reason, investors are recommended not to depend solely on these projections for making investment decisions. The actual results, therefore, may diverge broadly with the influence of a variety of outside factors such as economics surrounding MHI, currency movement of the yen to the U.S. dollar and other foreign currencies, and trends of stock markets in Japan. Also, the results projected here should not be construed in any way as being guaranteed by the company. ### About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the worlds leading heavy machinery manufacturers, with consolidated sales of 2,820.9 billion yen in fiscal 2011, the year ended March 31, 2012. MHIs diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website (http://www.mhi.co.jp/en/index.html). PRESS CONTACT: Hideo Ikuno: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.)

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CONSOLIDATED BALANCE SHEETS (1/2)


(Millions of Yen) As of Mar.31, 2012 ASSETS Current assets: Cash and deposits Trade receivables Securities Merchandise and finished products Work in process Raw materials and supplies Deferred income taxes Others Allowance for doubtful receivables Total current assets 262,287 968,064 1 155,990 773,782 123,670 180,747 180,826 (6,368) 2,639,003 440,974 800,671 2 159,033 791,119 126,909 178,656 229,021 (6,622) 2,719,766 As of Jun.30, 2012

Fixed assets: Property, plant and equipment: Buildings and structures Machinery and transportation equipment Tools, equipment and furniture Land Leased assets Construction in progress Subtotal Intangible assets Investments and advances: Investment securities Long-term loans and advances Deferred income taxes Others Allowance for doubtful accounts Subtotal

342,243 234,037 38,051 137,337 5,356 40,557 797,584 25,313

343,377 230,524 38,829 137,925 5,040 47,490 803,187 26,008

309,054 5,478 11,180 185,708 (9,335) 502,086

257,600 5,747 11,702 176,293 (10,492) 440,852

Total fixed assets

1,324,984

1,270,048

TOTAL ASSETS

3,963,987

3,989,814

CONSOLIDATED BALANCE SHEETS (2/2)


As of Mar.31, 2012 LIABILITIES Current liabilities: Trade payables Short-term borrowings Current portion of long-term borrowings Commercial papers Current portion of bonds Reserve for product warranties Reserve for losses on construction contracts Reserve for legal claims Advance payments received on contracts Others Total current liabilities Long-term liabilities: Debentures Long-term borrowings Deferred income taxes Reserve for retirement allowance Reserve for treatment of PCB waste Others Total long-term liabilities TOTAL LIABILITIES NET ASSETS Stockholders' equity: Common stock Capital surplus Retained earnings Treasury stock Total stockholders' equity Accumulated other comprehensive income (loss) Net unrealized gains on investment securities Deferred losses on hedges Foreign currency translation adjustments Total accumulated other comprehensive income (loss) Share subscription rights Minority interests TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS 651,101 152,344 131,713 69,900 20,812 77,565 3,936 399,288 208,034 1,714,695 649,425 167,034 155,736 41,000 119,900 21,295 68,662 3,378 410,760 193,551 1,830,743 (Millions of Yen) As of Jun.30, 2012

250,000 553,189 17,832 47,002 11,604 63,296 942,925 2,657,621

200,000 514,093 10,732 47,863 11,804 62,808 847,302 2,678,046

265,608 203,942 822,473 (5,418) 1,286,606

265,608 203,945 831,298 (5,413) 1,295,439

22,082 12 (53,611) (31,517) 1,868 49,409 1,306,366 3,963,987

9,335 556 (44,675) (34,783) 1,858 49,253 1,311,768 3,989,814

CONSOLIDATED STATEMENTS OF INCOME


FY2011 First 3 Months (From Apr.1 to Jun.30, 2011) Net sales Cost of sales Gross profit Selling, general and administrative expenses: Provision of allowance for doubtful accounts Directors' compensations, salaries and allowances Research and development expenses Expenses for inquiries Others Total selling, general and administrative expenses Operating income Non-operating income: Interest income Dividend income Equity in earnings of unconsolidated subsidiaries and affiliates Others Total non-operating income Non-operating expenses: Interest expense Equity in losses of unconsolidated subsidiaries and affiliates Foreign exchange loss Loss on disposal of fixed assets Others Total non-operating expenses Ordinary income Extraordinary gain: Gain on sales of investment securities Total extraordinary gain Extraordinary loss: Loss on revaluation of investment securities Total extraordinary loss Income before income taxes and minority interests Income taxes Income before minority interests Minority interests in loss after taxes Net income 2,183 2,183 27,490 18,195 9,295 (356) 9,651 6,860 6,860 2,905 2,905 29,266 10,259 19,006 115 18,891 5,315 4,548 651 3,185 13,700 29,673 4,509 652 8,462 785 461 14,871 25,311 832 1,635 133 2,070 4,672 800 1,521 1,312 3,633 30,852 8,995 7,189 31,399 78,438 38,701 1,301 32,386 10,154 7,907 31,682 83,431 36,548 613,628 496,489 117,139 (Millions of Yen) FY2012 First 3 Months (From Apr.1 to Jun.30, 2012) 649,183 529,202 119,980

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME


FY2011 First 3 Months (From Apr.1 to Jun.30, 2011) Income before minority interests Other comprehensive income (loss) Net unrealized gains (losses) on investment securities Deferred gains (losses) on hedges Foreign currency translation adjustments
Share of other comprehensive income (loss) of entities accounted for using the equity method

(Millions of Yen) FY2012 First 3 Months (From Apr.1 to Jun.30, 2012) 19,006

9,295

(3,956) 12 5,998 52 2,106 11,401

(11,202) 355 10,141 (2,315) (3,021) 15,984

Total other comprehensive income (loss) Comprehensive income (loss) Comprehensive income (loss) attributable to Shareholders of the parent Minority interests

11,640 (238)

15,624 360