IHI Future Growth
Future criteria checks 2/6
IHI is forecast to grow earnings and revenue by 2.8% and 6.9% per annum respectively. EPS is expected to grow by 3.5% per annum. Return on equity is forecast to be 17.7% in 3 years.
Key information
2.8%
Earnings growth rate
3.53%
EPS growth rate
| Machinery earnings growth | 9.7% |
| Revenue growth rate | 6.9% |
| Future return on equity | 17.75% |
| Analyst coverage | Good |
| Last updated | 29 May 2026 |
Recent future growth updates
Analysis Article • May 12
IHI Corporation Just Beat EPS By 25%: Here's What Analysts Think Will Happen Next
Shareholders might have noticed that IHI Corporation ( TSE:7013 ) filed its yearly result this time last week. The...Analysis Article • Feb 12
IHI Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
It's been a pretty great week for IHI Corporation ( TSE:7013 ) shareholders, with its shares surging 12% to JP¥4,150 in...Recent updates
Narrative Update • May 15
7013: Ammonia Fuel And Nuclear Components Will Support Future Energy Transition Upside
Analysts have trimmed their price target on IHI to approximately ¥4,265 from about ¥4,498, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News A board meeting is scheduled for February 24, 2026 to consider an absorption-type merger between IHI and its consolidated subsidiary, IHI Segment Corporation (Key Developments).Analysis Article • May 12
IHI Corporation Just Beat EPS By 25%: Here's What Analysts Think Will Happen Next
Shareholders might have noticed that IHI Corporation ( TSE:7013 ) filed its yearly result this time last week. The...Narrative Update • May 01
7013: Ammonia Fuel And Nuclear Component Opportunities Will Support Stronger Outlook
Analysts now set their price target for IHI at ¥4,498, up from ¥4,345, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. What's in the News IHI signed a collaboration agreement with Babcock Power Services Inc.
Narrative Update • Apr 16
7013: Nuclear Supply Chain Partnership And Merger Plans Will Support Future Upside
Analysts kept their IHI fair value estimate steady at ¥5,700, while slightly adjusting assumptions for discount rate, revenue growth, profit margin and future P/E. This reflects fine tuning of their models rather than a shift in overall conviction.Narrative Update • Apr 02
7013: Nuclear Component Supply Chain Partnership Will Support Medium Term Upside
Analysts have raised their price target on IHI from ¥3,975 to ¥5,700, citing updated assumptions for modestly higher revenue, improved profit margins, and a higher future P/E multiple. What's in the News IHI signed a Memorandum of Understanding with X-energy Reactor Company, LLC to explore commercial-scale manufacturing of nuclear-grade components for X-energy’s Xe-100 advanced small modular reactor, focused on expanding U.S.-Japan supply chain development for new nuclear capacity.
Narrative Update • Mar 19
7013: Nuclear Component Push And Governance Changes Will Sustain Overvaluation Risks
Analysts have raised their price target for IHI to ¥2,663 from ¥2,600, citing updated assumptions regarding the discount rate, revenue growth, profit margin and future P/E that collectively support a slightly higher fair value estimate. What's in the News IHI signed a Memorandum of Understanding with X-energy Reactor Company to explore commercial scale manufacturing of nuclear grade components for the Xe-100 advanced small modular reactor, supporting U.S. and Japan supply chain development for X-energy’s 11 gigawatt commercial pipeline.Narrative Update • Mar 05
7013: Higher Margins And Governance Changes Will Support Fair But Fragile Outlook
Analysts have raised their price target on IHI from ¥3,265 to ¥4,345, citing updated assumptions for revenue growth, profit margins, discount rate, and a higher projected P/E multiple. What's in the News A board meeting is scheduled for February 24, 2026, to consider an absorption-type merger between IHI Corporation and its consolidated subsidiary, IHI Segment Corporation (Key Developments).Narrative Update • Feb 19
7013: Future Officer Changes Will Heighten Concern Over Overvalued Shares
Analysts have revised their price target on IHI to ¥2,600 from ¥10,174, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News A board meeting is scheduled for February 10, 2026, to consider and approve changes in officers, with new appointments planned to take effect on April 1, 2026 (Key Developments).Analysis Article • Feb 12
IHI Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
It's been a pretty great week for IHI Corporation ( TSE:7013 ) shareholders, with its shares surging 12% to JP¥4,150 in...Analysis Article • Feb 10
Here's Why IHI (TSE:7013) Has A Meaningful Debt Burden
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Feb 05
7013: Revised Assumptions And Earnings Guidance Will Support Medium Term Upside
Analysts have raised their fair value estimate for IHI from $3,500.00 to $3,975.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. Valuation Changes Fair Value Estimate was raised from ¥3,500.00 to ¥3,975.00, reflecting updated model inputs.Narrative Update • Jan 22
7013: Higher Margins And Dividend Will Mask Overvalued Earnings Outlook
Analysts have lifted their price target on IHI from US$3,148.60 to US$3,265.00, citing revised assumptions around discount rates, long term profit margins, and future P/E expectations. What's in the News IHI issued revised consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected revenue of JPY 1,640b, operating profit of JPY 160b, profit attributable to owners of parent of JPY 125b, and basic EPS of JPY 117.49 (Key Developments).Analysis Article • Jan 19
Optimistic Investors Push IHI Corporation (TSE:7013) Shares Up 28% But Growth Is Lacking
The IHI Corporation ( TSE:7013 ) share price has done very well over the last month, posting an excellent gain of 28...Narrative Update • Jan 07
7013: Dividend Increase And Earnings Guidance Will Support Medium Term Upside
Analysts trimmed their price target on IHI to ¥3,250, reflecting updated assumptions for slightly higher revenue growth and P/E, alongside softer profit margin expectations and recent research highlighting limited upside at current levels. Analyst Commentary Recent commentary on IHI centers on valuation, with the latest move being a downgrade to Neutral at Goldman Sachs alongside a ¥3,250 price target.Analysis Article • Jan 05
Is IHI Corporation (TSE:7013) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights The projected fair value for IHI is JP¥2,244 based on 2 Stage Free Cash Flow to Equity IHI's JP¥2,755...Analysis Article • Dec 23
Here's Why IHI (TSE:7013) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Dec 20
7013: Index Additions And Dividend Hike Will Support Medium Term Upside
Analysts have reduced their price target on IHI to approximately ¥3,500 from around ¥20,000, reflecting a more cautious view on valuation despite stronger projected revenue growth and a higher expected future P/E multiple. Analyst Commentary Despite the recent reduction in headline price targets, analyst commentary on IHI continues to highlight a constructive medium term outlook supported by improving earnings visibility and solid order momentum.Analysis Article • Dec 07
IHI's (TSE:7013) Returns On Capital Are Heading Higher
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Narrative Update • Dec 06
7013: Index Inclusion And Dividend Increase Will Shape Fairly Valued Outlook
Analysts have revised their price target on IHI slightly higher to approximately ¥3,150 from about ¥3,080, reflecting modestly stronger fair value assumptions. However, they have adopted a more cautious stance on upside after the recent valuation-driven downgrade to Neutral and the limited headroom to the Street’s ¥3,250 target.Narrative Update • Nov 22
7013: Revenue Momentum And Major Index Inclusion Will Shape Performance
Analysts have raised their price target for IHI, increasing it by approximately ¥54 to ¥3,077. They cite improved profit margin and revenue growth estimates, although they note that the valuation now leaves limited room for further upside.Analysis Article • Nov 09
Results: IHI Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Last week, you might have seen that IHI Corporation ( TSE:7013 ) released its half-yearly result to the market. The...Narrative Update • Nov 07
7013: Revenue Outlook And Market Inclusion Will Shape Future Performance
Narrative Update on IHI Analyst Price Target Analysts have raised their price target on IHI from ¥2,626 to ¥3,023, citing improved revenue growth and a better margin outlook, but noting that valuation concerns temper further upside. Analyst Commentary Recent research activity on IHI highlights a mix of optimism and caution among market observers, reflecting ongoing debates around the company's growth prospects and valuation.Narrative Update • Oct 24
Civil Aero Engine Volatility And Rising Costs Will Limit Earnings Momentum
Narrative Update on IHI Price Target The analyst price target for IHI has increased from ¥2,549 to ¥2,626. Analysts point to improved revenue growth expectations, even though profit margin forecasts are more muted and the discount rate is moderating.Analysis Article • Oct 15
Subdued Growth No Barrier To IHI Corporation (TSE:7013) With Shares Advancing 25%
The IHI Corporation ( TSE:7013 ) share price has done very well over the last month, posting an excellent gain of 25...Narrative Update • Oct 10
Unsustainable Civil Aero Engine Sales And Rising SG&A Expenses Will Reduce Future Earnings
Analysts have significantly revised their price target for IHI downward from $17,483.33 to $2,549.43. This adjustment reflects updated assessments of future fair value and financial assumptions.Narrative Update • Sep 26
Unsustainable Civil Aero Engine Sales And Rising SG&A Expenses Will Reduce Future Earnings
Despite a slight improvement in future P/E and a minor decline in net profit margin, IHI’s analyst price target was essentially unchanged, edging up modestly to ¥17,483. What's in the News IHI Corporation added to S&P International 700, S&P Global 1200, and S&P TOPIX indices.Narrative Update • Sep 11
Unsustainable Civil Aero Engine Sales And Rising SG&A Expenses Will Reduce Future Earnings
Following marginal improvements in IHI's net profit margin and revenue growth forecasts, analysts maintained effectively steady expectations, resulting in a slight upward revision of the consensus price target from ¥17,100 to ¥17,300. What's in the News Board approved a 7-for-1 stock split and related amendment to the Articles of Incorporation.Narrative Update • Aug 27
Unsustainable Civil Aero Engine Sales And Rising SG&A Expenses Will Reduce Future Earnings
Upward revisions to revenue growth and net profit margin forecasts have driven an increase in IHI's consensus analyst price target from ¥16,300 to ¥17,100. What's in the News Issued earnings guidance for fiscal year ending March 31, 2026: revenue JPY 1,650,000 million, operating profit JPY 150,000 million, net profit JPY 120,000 million, EPS JPY 112.85.Analysis Article • Aug 25
IHI Corporation's (TSE:7013) Shareholders Might Be Looking For Exit
When close to half the companies in the Machinery industry in Japan have price-to-sales ratios (or "P/S") below 0.7x...Analysis Article • Aug 11
Earnings Miss: IHI Corporation Missed EPS By 36% And Analysts Are Revising Their Forecasts
TSE:7013 1 Year Share Price vs Fair Value Explore IHI's Fair Values from the Community and select yours It's shaping up...Analysis Article • Jul 25
Returns On Capital Are Showing Encouraging Signs At IHI (TSE:7013)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jul 10
Calculating The Fair Value Of IHI Corporation (TSE:7013)
Key Insights The projected fair value for IHI is JP¥12,711 based on 2 Stage Free Cash Flow to Equity With JP¥14,800...Analysis Article • Jun 26
IHI Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Shareholders might have noticed that IHI Corporation ( TSE:7013 ) filed its yearly result this time last week. The...Analysis Article • Jun 19
At JP¥15,750, Is IHI Corporation (TSE:7013) Worth Looking At Closely?
Today we're going to take a look at the well-established IHI Corporation ( TSE:7013 ). The company's stock led the TSE...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 2,040,729 | 167,179 | 126,731 | 216,974 | 7 |
| 3/31/2028 | 1,937,035 | 159,129 | 112,038 | 204,232 | 10 |
| 3/31/2027 | 1,816,921 | 161,230 | 118,184 | 166,810 | 10 |
| 3/31/2026 | 1,643,402 | 160,992 | 29,590 | 121,360 | N/A |
| 12/31/2025 | 1,606,180 | 120,964 | 68,276 | 156,717 | N/A |
| 9/30/2025 | 1,582,994 | 129,343 | 42,464 | 127,945 | N/A |
| 6/30/2025 | 1,616,459 | 105,758 | 94,708 | 167,845 | N/A |
| 3/31/2025 | 1,626,831 | 112,740 | 117,385 | 177,634 | N/A |
| 12/31/2024 | 1,605,918 | 118,175 | 43,669 | 97,619 | N/A |
| 9/30/2024 | 1,609,769 | 108,661 | 80,181 | 136,172 | N/A |
| 6/30/2024 | 1,372,297 | -55,237 | 67,152 | 126,099 | N/A |
| 3/31/2024 | 1,322,591 | -68,214 | 1,124 | 62,117 | N/A |
| 12/31/2023 | 1,273,221 | -92,097 | -48,375 | 19,478 | N/A |
| 9/30/2023 | 1,228,794 | -114,136 | -84,870 | -17,408 | N/A |
| 6/30/2023 | 1,387,107 | 41,657 | -67,445 | -89 | N/A |
| 3/31/2023 | 1,352,940 | 44,545 | -8,461 | 54,116 | N/A |
| 12/31/2022 | 1,303,094 | 65,476 | 280 | 56,695 | N/A |
| 9/30/2022 | 1,250,812 | 72,009 | 52,221 | 103,996 | N/A |
| 6/30/2022 | 1,191,932 | 60,380 | 62,211 | 107,195 | N/A |
| 3/31/2022 | 1,172,904 | 66,065 | 68,581 | 114,155 | N/A |
| 12/31/2021 | 1,163,837 | 50,838 | 66,432 | 109,615 | N/A |
| 9/30/2021 | 1,147,748 | 38,043 | 41,206 | 84,679 | N/A |
| 6/30/2021 | 1,140,574 | 33,439 | 21,840 | 64,702 | N/A |
| 3/31/2021 | 1,112,906 | 13,093 | -21,078 | 36,380 | N/A |
| 12/31/2020 | 1,229,728 | 4,454 | N/A | N/A | N/A |
| 9/30/2020 | 1,273,293 | 7,903 | -60,812 | -726 | N/A |
| 6/30/2020 | 1,322,933 | 9,408 | N/A | N/A | N/A |
| 3/31/2020 | 1,386,503 | 12,812 | -49,943 | 14,510 | N/A |
| 12/31/2019 | 1,358,243 | 3,959 | N/A | N/A | N/A |
| 9/30/2019 | 1,378,851 | 6,590 | N/A | 16,247 | N/A |
| 6/30/2019 | 1,427,450 | 30,984 | N/A | N/A | N/A |
| 3/31/2019 | 1,483,442 | 39,889 | N/A | 46,402 | N/A |
| 12/31/2018 | 1,506,253 | 32,624 | N/A | N/A | N/A |
| 9/30/2018 | 1,516,349 | 29,838 | N/A | 53,153 | N/A |
| 6/30/2018 | 1,525,084 | 2,715 | N/A | N/A | N/A |
| 3/31/2018 | 1,590,333 | 8,291 | N/A | 99,018 | N/A |
| 12/31/2017 | 1,579,426 | 24,261 | N/A | N/A | N/A |
| 9/30/2017 | 1,568,024 | 17,385 | N/A | 66,208 | N/A |
| 6/30/2017 | 1,547,334 | 16,119 | N/A | N/A | N/A |
| 3/31/2017 | 1,486,332 | 5,247 | N/A | 65,373 | N/A |
| 12/31/2016 | 1,519,414 | 26,642 | N/A | N/A | N/A |
| 9/30/2016 | 1,542,916 | 180 | N/A | 161,677 | N/A |
| 6/30/2016 | 1,540,029 | 2,423 | N/A | N/A | N/A |
| 3/31/2016 | 1,539,388 | 1,529 | N/A | 95,338 | N/A |
| 12/31/2015 | 1,539,957 | -52,093 | N/A | N/A | N/A |
| 9/30/2015 | 1,527,971 | -15,771 | N/A | 40,830 | N/A |
| 6/30/2015 | 1,515,334 | 2,504 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 7013's forecast earnings growth (2.8% per year) is above the savings rate (0.8%).
Earnings vs Market: 7013's earnings (2.8% per year) are forecast to grow slower than the JP market (8.9% per year).
High Growth Earnings: 7013's earnings are forecast to grow, but not significantly.
Revenue vs Market: 7013's revenue (6.9% per year) is forecast to grow faster than the JP market (5.6% per year).
High Growth Revenue: 7013's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 7013's Return on Equity is forecast to be low in 3 years time (17.7%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/01 09:36 |
| End of Day Share Price | 2026/06/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IHI Corporation is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kunio Sakaida | Barclays |
| Kenjin Hotta | BofA Global Research |
| Graeme McDonald | Citigroup Inc |