Since the Japanese government released three security related documents at the end of 2022, businesses which are involved with development of defense equipment have been performing well. A turnaround in the overall performance of this industry will lead to erasing the image of an “unprofitable defense industry" which has been said for a long time. On May 28th, Mitsubishi Heavy Industries announced a business plan to increase sales by 20% from fiscal 2023 to more than 5.7 trillion yen (about $36.5 billion) in fiscal 2026. The company plans to increase its employees in the defense business by …
The Defense Industry is Improving Performance Since Government Budget Increases
Type 12 Surface-to-Ship Missile（12SSM）： Surface-to-Ship Missile for Ground Self-Defense Force which was developed by Mitsubishi Heavy Industries as a successor to Type 88 Surface-to-Ship Missile（SSM-1）
【Image Source】Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Type_12_(AShM)_firing,_Japan_GSDF.jpg
06/21/2024 NSBT Japan Editorial Department
East Asia
Business
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