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Mitsubishi Electric, 5% Increase in Net Income, Update Record High for Third Consecutive Term

Mon Apr 28, 2025 3:30 pm JST Earnings

6503 Mitsubishi Electric Corporation 【IFRS】

Earnings Report

Mitsubishi Electric Corporation <6503> [TSE Prime] announced its financial results (based on IFRS) after the market closed on April 28th (15:30). The consolidated net income for the fiscal year ending March 2025 increased 13.7% from the previous period to 324 billion yen. In the fiscal year ending March 2026, the profit is expected to grow by 4.9% to 340 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of profit growth.

At the same time, the company has left the annual dividend for the current term undetermined.

In the most recent three-month period, from January to March (4Q), the consolidated net income decreased to 75.9 billion yen, a 23.1% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 5.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,003,694 262,352 292,179 213,908 101.3 40 Apr 28, 2023 IFRS
Mar, 2024 5,257,914 328,525 365,853 284,949 135.7 50 Apr 26, 2024 IFRS
Mar, 2025 5,521,711 391,850 437,265 324,084 155.7 50 Apr 28, 2025 IFRS
YoY +5.0% +19.3% +19.5% +13.7% +14.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 5,400,000 400,000 430,000 315,000 151.8 50 Feb 4, 2025 IFRS
Mar, 2025 Results 5,521,711 391,850 437,265 324,084 155.7 50 Apr 28, 2025 IFRS
Revision Rate +2.3% -2.0% +1.7% +2.9% +2.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 2,643,597 176,682 176,744 118,640 56.9 20 Oct 31, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － － Apr 28, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 5,257,914 328,525 365,853 284,949 135.7 50 Apr 26, 2024 IFRS
Mar, 2025 5,521,711 391,850 437,265 324,084 155.7 50 Apr 28, 2025 IFRS
Mar, 2026 Guidance 5,400,000 430,000 470,000 340,000 164.6 － Apr 28, 2025 IFRS
YoY -2.2% +9.7% +7.5% +4.9% +5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 1,475,508 106,192 116,830 98,852 47.1 7.2 Apr 26, 2024 IFRS
Apr - Jun, 2024 1,286,484 58,659 76,125 49,138 23.5 4.6 Jul 31, 2024 IFRS
Jul - Sep, 2024 1,357,113 118,023 100,619 69,502 33.3 8.7 Oct 31, 2024 IFRS
Oct - Dec, 2024 1,356,754 126,873 167,889 129,454 62.1 9.4 Feb 4, 2025 IFRS
Jan - Mar, 2025 1,521,360 88,295 92,632 75,990 36.5 5.8 Apr 28, 2025 IFRS
YoY +3.1% -16.9% -20.7% -23.1% -22.5%

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