The Gabelli Global Growth Fund on Mitsubishi Heavy Industries Ltd.
Thesis
Mitsubishi Heavy Industries has leading businesses in energy systems, aerospace, defense, and industrial machinery. Gabelli sees particularly strong growth in large-frame gas turbines and defense, supported by power demand, AI data centers, and rising Japanese defense spending. These businesses are expected to support durable double-digit revenue growth, margin expansion, and more than 20% EPS growth over the coming years.
“These two businesses underpin a durable multi-year double-digit revenue growth outlook.”