Mitsubishi, Apr-Dec (Cumulative 3Q) Net Income Increases by 19%

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Thu Feb 6, 2025 2:00 pm JST Earnings

8058 Mitsubishi Corporation 【IFRS】

Earnings Report

Mitsubishi Corporation <8058> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 6th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 18.8% from the same period last year, reaching 827 billion yen. The progress rate toward the full-year plan of 950 billion yen was 87.1%, also surpassing the five-year average of 77.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to significant drop 54.2% from the same period last year to 122 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 209 billion yen, a 9.2% decrease compared to the same period last year.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	16,284,544	ー	1,344,273	955,759	217.7	80.0	Feb 3, 2023	IFRS
Apr - Dec, 2023	14,705,582	ー	1,005,217	696,614	165.4	73.8	Feb 6, 2024	IFRS
Apr - Dec, 2024	13,943,275	ー	1,205,289	827,406	205.7	ー	Feb 6, 2025	IFRS
YoY	-5.2%	－	+19.9%	+18.8%	+24.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	10,006,590	ー	688,408	497,958	118.9	35	May 2, 2024	IFRS
Oct - Mar, 2024 Guidance	ー	ー	ー	331,945	83.5	50	Nov 1, 2024	IFRS
YoY	－	－	－	-33.3%	-29.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,571,973	ー	1,680,631	1,180,694	269.8	60	May 9, 2023	IFRS
Mar, 2024	19,567,601	ー	1,362,594	964,034	230.1	70	May 2, 2024	IFRS
Mar, 2025 Guidance	ー	ー	ー	950,000	238.9	100	May 2, 2024	IFRS
YoY	－	－	－	-1.5%	+3.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,144,571	ー	331,031	230,538	54.8	0.0	Feb 6, 2024	IFRS
Jan - Mar, 2024	4,862,019	ー	357,377	267,420	63.8	0.0	May 2, 2024	IFRS
Apr - Jun, 2024	4,685,953	ー	498,871	354,359	86.9	0.0	Aug 1, 2024	IFRS
Jul - Sep, 2024	4,668,798	ー	404,643	263,696	65.2	0.0	Nov 1, 2024	IFRS
Oct - Dec, 2024	4,588,524	ー	301,775	209,351	52.0	0.0	Feb 6, 2025	IFRS
YoY	-10.8%	－	-8.8%	-9.2%	-4.9%