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Mitsubishi Electric, 16% Increase in Net Income, Update Record High for Fourth Consecutive Term

Tue Apr 28, 2026 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 ended March 2026 increased by 25.8% from the previous period to 407 billion yen. For the fiscal year ending March 2027, the consolidated net income is expected to grow by 16.5% to 475 billion yen, marking the fourth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and 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 increased 44.1% from the same period last year, reaching 109 billion yen. The operating profit margin improved from 5.8% in the same period last year to 8.0%.

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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, 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 5,894,747 433,095 526,077 407,758 198.3 55 Apr 28, 2026 IFRS
YoY +6.8% +10.5% +20.3% +25.8% +27.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 5,760,000 400,000 490,000 360,000 175.9 55 Feb 3, 2026 IFRS
Mar, 2026 Results 5,894,747 433,095 526,077 407,758 198.3 55 Apr 28, 2026 IFRS
Revision Rate +2.3% +8.3% +7.4% +13.3% +12.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 2,732,504 224,366 253,975 189,397 91.7 25 Oct 31, 2025 IFRS
Apr - Sep, 2026 Guidance ー ー ー ー － － Apr 28, 2026 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 5,521,711 391,850 437,265 324,084 155.7 50 Apr 28, 2025 IFRS
Mar, 2026 5,894,747 433,095 526,077 407,758 198.3 55 Apr 28, 2026 IFRS
Mar, 2027 Guidance 6,200,000 ー 640,000 475,000 232.1 － Apr 28, 2026 IFRS
YoY +5.2% － +21.7% +16.5% +17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 1,521,360 88,295 92,632 75,990 36.5 5.8 Apr 28, 2025 IFRS
Apr - Jun, 2025 1,312,896 111,972 124,076 90,926 43.9 8.5 Jul 31, 2025 IFRS
Jul - Sep, 2025 1,419,608 112,394 129,899 98,471 47.7 7.9 Oct 31, 2025 IFRS
Oct - Dec, 2025 1,423,506 70,391 125,404 108,868 52.9 4.9 Feb 3, 2026 IFRS
Jan - Mar, 2026 1,738,737 138,338 146,698 109,493 53.3 8.0 Apr 28, 2026 IFRS
YoY +14.3% +56.7% +58.4% +44.1% +45.9%

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