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Mitsubishi Heavy Industries expects continued strong demand for gas turbines, even as concerns rise over AI-driven energy efficiency. Chief financial officer Hisato Kozawa dismissed fears that Chinese AI model DeepSeek could reduce power consumption, reaffirming that global electricity demand remains on an upward trend.
Kozawa noted that MHI was unexpectedly viewed as an AI-related stock during last week's market turbulence. The company reported record third-quarter earnings, with robust sales of gas turbines helping to lift full-year profit forecasts. The financial outlook for the year ending in March was raised to 240 billion yen (
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