
Mitsubishi Heavy Industries
7011.TMitsubishi Heavy Industries (MHI), founded in 1884 and headquartered in Tokyo, Japan, is one of the world's largest industrial conglomerates with revenues exceeding ¥4 trillion ($27B) annually across energy, infrastructure, logistics, and aerospace divisions.
- Founded
- 1884
- Headquarters
- Tokyo, Japan
- Stage
- Public
- Ownership
- Listed
- Market cap
- $81.8B-11.9% 30d
Quick Facts
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries (MHI), founded in 1884 and headquartered in Tokyo, Japan, is one of the world's largest industrial conglomerates with revenues exceeding ¥4 trillion ($27B) annually across energy, infrastructure, logistics, and aerospace divisions. In space, MHI serves as the prime contractor for Japan's national launch vehicle program through its MHI Launch Services subsidiary, manufacturing and operating the H-IIA and H3 rockets at the Tanegashima Space Center in southern Japan.
H-IIA, introduced in 2001, became Japan's primary commercial and government launch vehicle with a 98% success rate across 50 flights before its retirement on 28 June 2025 — launching JAXA scientific missions, Japanese government satellites, and commercial GEO communications satellites for customers including JCSAT, KOREASAT, and the UAE Hope Mars Mission (EMM, 2020). H-IIA achieved commercial launch market credibility as an alternative to Ariane 5 and Atlas V for GTO-class payloads.
H3, Japan's next-generation two-stage liquid oxygen/liquid hydrogen rocket, began operations in 2024 after an initial March 2023 first launch failure (second stage ignition anomaly). H3 is designed to halve launch costs compared to H-IIA through engine manufacturing simplification (LE-9 LOX/LH2 first stage engines replace H-IIA's LE-7A) and increased launch cadence from Tanegashima. H3's primary customers are JAXA government missions and Japanese commercial satellite operators, with ambitions for international commercial market competitiveness.
MHI's broader aerospace portfolio includes F-15J/F-2 fighter maintenance, P-1 maritime patrol aircraft, MRJ/SpaceJet regional jet development (suspended), rocket engine manufacturing (LE-9, LE-5B), and participation in the Joint Strike Fighter (F-35) production chain. The company's H-IIA and H3 programs represent Japan's sovereign guaranteed access to space, critical for the Japan Self-Defense Forces' growing satellite reconnaissance and communication needs.
Products and product lines
| Product | Line | Note |
|---|---|---|
| H3 | Launch vehicle | JAXA/MHI medium-to-heavy-lift rocket in H3-22, H3-24 and H3-30 configurations; MHI is prime contractor for manufacturing, final assembly and commercial launch operations from Tanegashima. |
| H-IIA | Launch vehicle (retired) | MHI/JAXA's primary launcher from 2001; completed 50 flights (49 successes, 98% success rate) before its final mission on 28 June 2025 carrying GOSAT-GW, retiring the H-II rocket family in favor of H3. |
| LE-9 | Rocket engine | Expander-bleed-cycle LOX/LH2 engine developed by MHI and JAXA for the H3 first stage, succeeding the LE-7A used on H-IIA; targets roughly 1,471 kN of thrust. |
| HTV-X | Cargo spacecraft | MHI-manufactured successor to the HTV 'Kounotori' ISS resupply vehicle; HTV-X1 launched on H3 flight No. 7 on 26 October 2025, berthed with the ISS on 30 October 2025, and completed a controlled Pacific splashdown on 26-27 May 2026. |
| Eutelsat launch agreement | Commercial contract | Multi-launch agreement signed 18 September 2024 for H3 to launch Eutelsat geostationary satellites beginning around 2027, one of H3's first Western commercial customers. |
| ispace Mission 3 ULTRA launch agreement | Commercial contract | MHI and ispace agreed on 29 July 2026 to launch ispace's ULTRA lunar lander on an H3 rocket around 2028, with both companies exploring further cooperation on lunar infrastructure. |
Timeline
- 2024 H3 returns to flight successfully on 17 February with Test Flight No. 2, reaching its intended orbit after the March 2023 debut failure. [source]
- 2024 Eutelsat signs a multi-launch agreement on 18 September for MHI's H3 rocket to launch its geostationary satellites beginning around 2027. [source]
- 2025 H-IIA flies its 50th and final mission on 28 June, carrying GOSAT-GW, closing out the H-II rocket family with 49 successes in 50 flights. [source]
- 2025 HTV-X1, the first flight of JAXA's next-generation cargo spacecraft, launches on H3 flight No. 7 on 26 October and berths with the International Space Station on 30 October. [source]
- 2025 H3 flight No. 8, carrying the QZS-5 satellite, fails on 22 December after the second-stage engine cuts off early. [source]
- 2026 H3 returns to flight on 12 June with the debut of the lightest H3-30S configuration, successfully orbiting the VEP-5 evaluation payload and six rideshare satellites. [source]
- 2026 MHI and ispace sign an agreement on 29 July to launch ispace's Mission 3 ULTRA lunar lander aboard an H3 rocket around 2028. [source]
Team
Signals
- Market cap, 90 days
- -1.6%
- Verification
- Verified 2026-09-09
Categories & Capabilities
Industry Categories
Vehicle Types
Propulsion Systems
Stock Performance
7011.T · Daily close data
Funding
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Industry analysis mentioning Mitsubishi Heavy Industries
Frequently asked about Mitsubishi Heavy Industries
Quick answers to the questions readers most often search for.
- When was Mitsubishi Heavy Industries founded?
- Mitsubishi Heavy Industries was founded in 1884 in Japan.
- Where is Mitsubishi Heavy Industries headquartered?
- Mitsubishi Heavy Industries is headquartered in Tokyo, Japan.
- What does Mitsubishi Heavy Industries do?
- Mitsubishi Heavy Industries (MHI), founded in 1884 and headquartered in Tokyo, Japan, is one of the world's largest industrial conglomerates with revenues exceeding ¥4 trillion ($27B) annually across energy, infrastructure, logistics, and aerospace divisions. In space, MHI serves as the prime contractor for Japan's nat…
- Is Mitsubishi Heavy Industries publicly traded?
- Yes. Mitsubishi Heavy Industries trades under the ticker 7011.T on Tokyo.
- What sector does Mitsubishi Heavy Industries operate in?
- Mitsubishi Heavy Industries works in launch services, Defense and Launch vehicles, plus 2 other space-industry sectors.
Sources
The structured fields on this page (founding year, location, sector, status, listing) and the profile text are drawn from the sources below. How profiles are drafted and checked is described in our methodology.
- Official website (mhi.com)
- Market data via Yahoo Finance (7011.T) · retrieved 2026-09-14
- Company LinkedIn page
- Wikidata / Wikipedia · retrieved 2026-09-04
- Mitsubishi Heavy Industries: Corporate Profile · retrieved 2026-09-09
- JAXA Press: H3 Launch Vehicle Test Flight No. 2 success (17 Feb 2024) · retrieved 2026-09-09
- SpaceNews: Eutelsat signs multi-launch agreement for MHI's H3 rocket (18 Sep 2024) · retrieved 2026-09-09
- Wikipedia: H-IIA · retrieved 2026-09-09
- JAXA Press: Successful berthing of HTV-X1 to the ISS (30 Oct 2025) · retrieved 2026-09-09
- JAXA Press: H3 Launch Vehicle No. 8 anomaly notice (22 Dec 2025) · retrieved 2026-09-09
- JAXA Press: H3 Launch Vehicle No. 6 (Type 30 test vehicle) success (12 Jun 2026) · retrieved 2026-09-09
- MHI News: ispace and Mitsubishi Heavy Industries agree to launch Mission 3 ULTRA aboard H3 (29 Jul 2026) · retrieved 2026-09-09
Data Accuracy Notice: Information about Mitsubishi Heavy Industries is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.
