Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal 2025
31 July 2024 - 7:45AM
Business Wire
Mitsubishi Electric Corporation (TOKYO: 6503) announced today
its consolidated financial results for the first quarter, ended
June 30, 2024, of the current fiscal year ending March 31, 2025
(fiscal 2025).
The full document on Mitsubishi Electric’s financial results can
be viewed at the following link:
www.MitsubishiElectric.com/news
Consolidated Financial Results
Billions of yen
Q1 FY24
Q1 FY25
YoY
Revenue
1,220.3
1,286.4
+66.1
105%
Operating profit
61.0
58.6
-2.3
96%
%
5.0%
4.6%
-0.4pt
-
Profit before income taxes
76.8
76.1
-0.7
99%
Net profit attributable to
Mitsubishi Electric Corp.
stockholders
57.8
49.1
-8.6
85%
Key Points
1. Q1 FY25: Revenue ¥1,286.4 bn (+¥66.1 bn YoY), Operating
Profit ¥58.6 bn (-¥2.3 bn YoY) - Revenue achieved a new record
high due primarily to an increase in the infrastructure segment and
the impact of the weaker yen. - Operating profit remained at the
same level YoY due to the impact of a decrease in volume in the
factory automation systems business and the impact of rising
material and other procurement costs.
2. FY25 forecast: Revenue ¥5,390.0 bn (+¥90.0 bn compared to
the previous forecast), Operating Profit ¥400.0 bn (unchanged from
the previous announcement) - The revenue forecast has been
revised upward partly due to a reconsideration of foreign exchange
rates, while incorporating the impact of the delay in market
recovery for factory automation systems. - We will steadily
implement initiatives to achieve earnings targets, including
improvements in product prices to reflect the impact of rising
procurement costs.
Note:
The results forecast above is based on
assumptions deemed reasonable by Mitsubishi Electric at the present
time, and actual results may differ significantly from forecasts.
Please refer to the cautionary statement in the full document.
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version on businesswire.com: https://www.businesswire.com/news/home/20240730648143/en/
Investor Relations Inquiries Corporate IR&SR Division
Mitsubishi Electric Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp
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Mitsubishi Electric Corporation Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/