StocksMedium•6 November 2026•
1 min read
Mitsubishi Heavy Shares Sink 8% Despite Upgraded Guidance and Buyback Plan
Key Facts
1Mitsubishi Heavy shares fell 8.34% to ¥2,797.50, reaching a level near an 18-month low.
2The company raised its full-year revenue forecast to ¥6 trillion and its net profit outlook to ¥440 billion.
3Mitsubishi Heavy announced a share buyback program of up to ¥300 billion.
Mitsubishi Heavy Industries shares fell 8.34% to ¥2,797.50, reaching a level near an 18-month low according to Yahoo Finance Singapore. The sharp decline occurred despite the company raising its full-year revenue forecast to ¥6 trillion and its net profit outlook to ¥440 billion.
The company also announced a share buyback program of up to ¥300 billion, though broader market selling linked to AI investment concerns overshadowed these fundamental updates. In US markets, the MTSUY ticker closed at $32.11 on November 5, 2026, having traded as low as $32.01 during that session.