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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Heavy Industries, Ltd.    7011   JP3900000005

MITSUBISHI HEAVY INDUSTRIES, LTD.

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Mitsubishi Shipbuilding Participating in "ROBOSHIP Joint Value Creation Project: PoC in Tokyo 2020" Exploring the Future of Marine Vessels

11/11/2020 | 03:38am EST

TOKYO, Nov 11, 2020 - (JCN Newswire) - - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, is participating in an inter-business project to explore the potential of the "ROBOSHIP" as the marine vessel of the future. A proof of concept (PoC) test using two actual surface vessels was jointly conducted on November 11, 2020. This PoC test, to be held in the sea off Toyosu in Tokyo using a passenger vessel owned by Tokyo Cruise Ship Co., Ltd., intended to demonstrate the cutting-edge technologies and ideas of the participating companies, with the aim of supporting the development and widespread adoption of a navigational support system for coastal vessels.

The PoC testing is part of the "ROBOSHIP Joint Value Creation Project" led by e5 Lab Inc., a firm jointly established in 2019 by four companies representing shipping companies and a trading company to develop EV (electric vehicle) ships and digitization technologies. The project is a collaborative effort between e5 Lab, 22 companies and a ship classification society, including firms outside the shipbuilding and marine transport field, as a cooperative platform to create value and turn challenges into opportunities by addressing issues facing the ocean shipping industry. Specifically, a two-day event to be held on November 11-12, entitled "ROBOSHIP Joint Value Creation Project PoC in Tokyo 2020" is being conducted on the theme of "Ideas for future ships envisioned by e5 Lab, 22 partner companies, and a ship classification society."

Mitsubishi Shipbuilding, with assistance from related sections within MHI Group, has provided maritime-related engineering services, support for marine vessel remote control/autonomous navigation, and system integration for the vessel propulsion units. As part of the test, a navigation support system called SUPERBRIDGE-X, with functions including route planning, course control, vessel speed control, and collision avoidance has been installed in "Urban Launch," a passenger vessel operated by Tokyo Cruise Ship Co., Ltd. to conduct cruises in Tokyo Bay and other areas. In addition, a remotely operated unmanned surface vessel developed by MHI has also been made available, and the two vessels used to demonstrate collision avoidance.

In its "MARINE FUTURE STREAM" growth strategy, Mitsubishi Shipbuilding has set goals for the decarbonization of the maritime economy through renewable energy and carbon recycling, and effective utilization of the marine space with digitalization and electrification, aiming to generate new ideas through marine-related innovation and making them a reality. Meanwhile, e5 Lab is a solution provider working to solve issues in the maritime industry through the development of EV ships and digitization, in order to promote safe navigation for vessels, a better work environment for crews, and conservation of the global environment. While sharing concepts for activities in a full-fledged effort to find solutions to the social challenges facing the marine transport and maritime industry, Mitsubishi Shipbuilding will pursue cooperation through the joint value creation project.

Going forward, Mitsubishi Shipbuilding will leverage the marine-related technologies accumulated by wide range of technologies of MHI Group, and by providing shipbuilding engineering services as well as system integration for EV ship powertrains and digitalization to improve the work environment, will find solutions to the various challenges facing customers and society. In cooperation with e5 Lab, Mitsubishi Shipbuilding aims to be a solution provider working to resolve issues in the maritime industry.

For more information on e5 Lab and "ROBOSHIP Joint Value Creation Project PoC in Tokyo 2020", see following links:

https://e5ship.com/

https://www.roboship.net/

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group (TSE: 7011; US: MHVYF) is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion USD. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website: https://www.mhi.com

For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com

Copyright 2020 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Sales 2021 3 685 B 35 527 M 35 527 M
Net income 2021 15 089 M 145 M 145 M
Net Debt 2021 1 330 B 12 825 M 12 825 M
P/E ratio 2021 51,3x
Yield 2021 2,40%
Capitalization 1 050 B 10 121 M 10 129 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,62x
Nbr of Employees 81 631
Free-Float 91,4%
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Mean consensus HOLD
Number of Analysts 10
Average target price 2 946,00 JPY
Last Close Price 3 126,00 JPY
Spread / Highest target 14,5%
Spread / Average Target -5,76%
Spread / Lowest Target -16,8%
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Managers and Directors
NameTitle
Seiji Izumisawa President, CEO, Director & Chief Strategy Officer
Shunichi Miyanaga Chairman
Hisato Kozawa CFO, Representative Director & Executive Officer
Michisuke Nayama Chief Technology Officer & Executive VP
Eisaku Ito CTO, Executive Officer & GM-ICT Solutions
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