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4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsubishi Heavy Industries Ltd    7011   JP3900000005

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Mitsubishi Heavy Industries, Ltd. : Residential Air Conditioner Recycling Fee to be Revised to Reflect Consumption Tax Increase

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02/14/2014 | 03:49am CEST

Tokyo, February 14, 2014 - Effective April 1, Mitsubishi Heavy Industries Air-Conditioning & Refrigeration Corporation, a group company of Mitsubishi Heavy Industries, Ltd. (MHI), will increase the fee charged for recycling the company's residential air conditioners. The recycling fee applied to home air conditioners is one of a number of charges levied in Japan in order to recycle specified types of discarded home appliances, based on the country's Home Appliance Recycling Law. The upward revision will be made to reflect the increase in the consumption tax rate scheduled to go into effect on April 1.

Currently, the fee imposed for recycling home air conditioners is 1,575 yen (approx. US$15.50). Commencing April 1, the new fee will be 1,620 yen (approx. $15.95).

The new fee will apply in either of the following two cases: 1) when the issue date of the recycling coupon (i.e. the date when the air conditioner is received from the customer) is not earlier than March 31, 2014 and the date when the item is to be handed over to the specified recycling exchange is April 1, 2014 or later; 2) when the issue date of the recycling coupon is earlier than March 31, 2014 and the date when the item is to be handed over to the specified recycling exchange is May 1, 2014 or later.

As a transitional measure, the old fee will apply in the following case: when the issue date of the recycling coupon is earlier than March 31, 2014 and the date when the item is to be handed over to the specified recycling exchange is, at latest, April 30, 2014.


The above fee is imposed per unit of air conditioner on a uniform basis nationwide. Additional charges are required for collection and transport by retail operators, municipal agencies, etc.

For further information on this matter, customers should address inquiries to:
Mitsubishi Heavy Industries Air-Conditioning & Refrigeration Corporation

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Financials ( JPY)
Sales 2018 4 247 418 M
EBIT 2018 -
Net income 2018 114 232 M
Debt 2018 718 182 M
Yield 2018 2,84%
P/E ratio 2018 12,90
P/E ratio 2019 10,97
EV / Sales 2018 0,52x
EV / Sales 2019 0,50x
Capitalization 1 478 670 M
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 533  JPY
Spread / Average Target 22%
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Shunichi Miyanaga President, CEO & Representative Director
Hideaki Omiya Chairman
Masanori Koguchi Chief Financial Officer & Representative Director
Michisuke Nayama Director & Chief Technology Officer
Yoji Kawamoto Executive Officer & Manager-General Research
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