Mitsubishi Heavy Plans Stock Split to Lure Younger Investors (1)

Mitsubishi Heavy Industries Ltd. will carry out a stock split to lower its share price and attract more young investors.

The company will conduct a 10-for-1 split, effective April 1, MHI said Tuesday during an earnings presentation in which it also boosted its full-year sales forecast. Shares in the heavy-machinery maker gained the most since November and have quadrupled since the start of 2022 to their highest in more than three decades.

The move follows recent government efforts to encourage more retail investors to buy stocks, including by expanding a tax-exempt retirement savings account program. MHI was the best ...