May 2026
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Largest Aircraft & Space Systems Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Mitsubishi Heavy Industries, IHI, Shimadzu, Astroscale and Terra Drone.
 | Mitsubishi Heavy Industries Ltd is engaged in the manufacturing and sale of ships, industrial machinery, and aircraft. The segments of the company are Energy; Plants and Infrastructure Systems; Logistics, Thermal and Drive Systems; and Aircraft, Defense, and Space. The company earns maximum revenue from the energy segment, which handles clean gas, steam power systems, nuclear power systems, compressors, and marine machinery. The Plants and Infrastructure Systems segment of the company deals with commercial ships, engineering, machine tools, and machinery systems; Logistics, Thermal, and Drive Systems provide material handling systems, engines, HVAC systems, and automotive air-conditioners; and the Aircraft, Defense, and Space cover commercial aircraft, defense aircraft, and others. | $26 | +23% | $87B | $84B | 2.7x | 23.9x | ||
| IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The company operates its business through four segments. The Aviation, Space, and Defense segment covers aero engines, rocket systems, space utilization, and defense equipment. The Industrial System and General-purpose Machinery segment includes turbochargers, compressors, logistics systems, and industrial machinery. The Resources, Energy, Environment segment focuses on nuclear power, carbon solutions, and related equipment. The Social Infrastructure segment involves bridges, transportation systems, shield systems, construction materials, and urban development. | $16 | +28% | $17B | $19B | 1.9x | 13.2x | ||
| Shimadzu Corp is a Japan-based company engaged in the manufacture of precision instruments, measuring equipment, and medical devices. The firm operates in four segments: Aviation Equipment, Industrial Equipment, Measuring Equipment, Medical Equipment, and Others. It generates the majority of its revenue from the Measuring Equipment segment, which is engaged in the provision of X-ray television (TV) systems, angiography systems, X-ray imaging systems, and others. | $23 | +4% | $7B | $6B | 1.6x | 9.7x | ||
| Astroscale Holdings Inc is developing new and scalable solutions across the spectrum of on-orbit servicing, including life extension, in-space situational awareness, end of life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. | $13 | +215% | $2B | $2B | 104.7x | (16.0x) | ||
| Terra Drone Corp is engaged in developing hardware and software for drones for surveying, inspection, and agriculture, providing related services, and developing and providing systems for managing the safe and efficient operation of drones and flying cars (UTM). | $79 | +157% | $770M | $761M | 25.3x | (53.9x) | ||
| Median | $23 | +28% | $7B | $6B | 2.7x | 9.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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