IHI Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023

IHI Corporation is a diversified group organized around 5 areas of activity: - sale of aircraft engines and spatial equipment (33% of net sales); - manufacturing of industrial machines (29.1%): turbochargers, series production machines, iron and steel manufacturing equipment, etc. The group also develops a manufacturing of logistics automated systems activity; - sale of energy production systems (25.3%): turbines, boilers, nuclear power plant components, etc.; - naval construction (8.9%): primarily ships and bulk carriers. IHI Corporation also develops infrastructure construction materials manufacturing and real estate promotion activities, and provides offshore construction services; - other (3.7%). Net sales are distributed geographically as follows: Japan (51.9%), Asia (17.5%), the United States (22%), America (0.8%), Europe (6.9%) and other (0.9%).