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Mitsubishi Electric hits new high in four-day rally on 17% profit growth target

Thu Apr 30, 2026 9:26 am JST Catalyst

Mitsubishi Electric <6503> surged to new highs, extending its winning streak to a fourth session. After the market close on April 28, the group announced its consolidated results for the fiscal year ended March 2026 and issued a robust outlook for the current year. For the fiscal year ending March 2027, the company forecasts sales of 6.2 trillion yen (up 5.2%) and net profit of 475 billion yen (up 16.5%), sparking buying on expectations of significant growth. Despite rising raw material and logistics costs fueled by Middle East tensions, Mitsubishi Electric expects profit to rise on business expansion in defense systems and factory automation, alongside steady demand for building and air conditioning systems. For the fiscal year ended March 2026, sales rose 6.8% to 5.89 trillion yen and net profit jumped 25.8% to 407.7 billion yen. The group saw growth across all segments, led by domestic transportation and overseas uninterruptible power supply (UPS) projects in Infrastructure, while Industry & Mobility benefited from AI-driven capital expenditure and demand for machine tools.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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