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Mitsubishi Heavy Industries, Ltd. (MHVIY) Discusses Progress and Strategic Initiatives Under 2024 Medium-Term Business Plan Prepared Remarks Transcript
In Q1 2026, Polen International Growth Portfolio returned -14.4% (net of fees) compared to -0.7% for the Index. We initiated new positions in TSMC, Rheinmetall, Saab, Mitsubishi Heavy Industries, AstraZeneca, AIA Group, Siemens Energy, Samsung Electronics, and Keyence. We sold our holdings in Nintendo, MakeMyTrip, Adidas, Globant, Amadeus IT Group, Monday.com, ICON plc, and HDFC Bank.
This will be Japan's first ever warship export project, and the first ship is scheduled to be delivered to the Royal Australian Navy in 2029. The new frigates, based on the upgraded Mogami-class frigate, will replace the current ANZAC-class in the Australian Navy.
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