MHI Shipbuilding Orders Up in Past Quarter

MHI announces outline of FY 2012 first 3-month financial results
 ended June 30, 2012 (consolidated).

Highlights from the financial report follow:

Orders received ⇒ Down ¥128.9 billion: Year on Year (YOY) (¥621.3 bn → ¥492.4 bn)

Overall, orders declined from a year ago, reflecting decreases in Power Systems and Machinery & Steel Infrastructure Systems, where orders were strong in the previous fiscal year.

Shipbuilding & Ocean Development Segment

Orders received : Up ¥10.7 billion YoY, although the orders environment for new commercial ships remained difficult, orders increased from a year ago, thanks to the order for a new-type LNG carrier.

Backlog of ship orders: 32 (6 LNG carriers, 3 LPG carriers, 2 cruise ships, 2 pure car carriers, 2 container ships, 2 ferries, 2 seismic vessels and others.

MHI delivered a total of 9 vessels in the quarter, including 3 ferries, 2 pure car carriers, 2 patrol vessels, 1 roll-on/roll-off vessel and 1 ore carrier.