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Largest DefenseTech Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Mitsubishi, Mitsubishi Heavy Industries and Terra Drone.
 | Mitsubishi Corp. is Japan’s largest general trading house, or sogo shosha, a type of conglomerate unique to Japan. Its core role is that of a trading intermediary in a variety of industrial sectors, including resources businesses like energy and metals as well as non-resources businesses, both industrial ones like automotive and non-industrial ones like food, healthcare, and retail. In addition to acting as a trading intermediary (including midstream processing functions to convert inputs into final products), Mitsubishi also participates in upstream production businesses and downstream distribution businesses. | $32 | +75% | $116B | $142B | 1.2x | 11.1x | ||
| 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. | $24 | +5% | $80B | $77B | 2.4x | 22.0x | ||
| 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). | $61 | +95% | $593M | $583M | 19.4x | (41.4x) | ||
| Median | $32 | +75% | $80B | $77B | 2.4x | 11.1x |
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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