201992
-
201992

(4,000)
(3,000)
(2,000)
(1,000)
0
1,000
2,000
3,000
4,000
5,000
(4)
(3)
(2)
(1)
0
1
2
3
4
5
SBU
M&A
FCF
1,779
95
560
388
562
301
0
312
770
672
2,005
1,533
2,116
1,446
386
75
1,046
2,079
2,430
1,000
500
0
500
1,000
1,500
2,000
2,500
3,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018


+625 +13,116




13
GC : General Counsel HR : Human Resources
CSO
2012
• SBU D/E
• SBUWACC SAVStrategic Added Value)
• SBU SBUSAV
• SBUEquity WACCSAVEquity EquitySAV /: Debt /Equity


6,000
3,500
2,600
900


JV
•
•
•
2,700
5,300
1,400
1,337
2,541
1,040 1,586
-3,000
2,000
7,000
12,000
17,000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018





PL
CF
BS
TOP
2010
2012
2018
2008MRJ CFCF23
CFBSCCC BS
BS TOP SBUTOP SBU
CCC: Cash Conversion Cycle ÷×365
TOPTriple One Proportion 1:1:1
© 2019 MITSUBISHI HEAVY INDUSTRIES, LTD. All Rights Reserved. 12



× ×
ROEReturn On Equity ESGEnvironment, Social, Governance SDGSustainable Development Goals
()11
()
1.
(2)

Triple One Proportion



D/E

Cash
CF



•
RPA