Mitsubishi Electric Announces Consolidated Financial Results for Second Quarter (First Half) of Fiscal 2025 via Investing.com
TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the second quarter (first half), ended September 30, 2024, for the current fiscal year ending March 31, 2025 (fiscal 2025). .
The full financial results document for Mitsubishi Electric (OTC:) can be viewed at the following link:
www.MitsubishiElectric.com/news
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EvilConsolidated Financial Results |
||||
|
Billions of yen |
H1 FY24 |
H1 FY25 |
YOY |
|
|
Net worth |
2,538.4 |
2,643.5 |
+105,1 |
104% |
|
Operating profit |
135.8 |
176.6 |
+40,8 |
130% |
|
% |
5.4% |
6.7% |
+1.3pt |
– |
|
Profit before income tax |
159.7 |
176.7 |
+16,9 |
111% |
|
All profits generated by Mitsubishi Electric Corp . shareholders |
120.2 |
118.6 |
-1.5 |
99% |
Important Points
1. H1(1) FY25: Revenue ¥2,643.5 bn (+ ¥105.1 bn YoY), Operating Profit ¥176.6 bn (+ ¥40.8 bn YoY)
– Both revenue and operating profit achieved new record highs for H1 due primarily to the impact of the weak yen and increases in the Infrastructure and Life sectors.
2. FY25 forecast: Revenue ¥5,390.0 bn, Operating profit ¥400.0 bn (unchanged from previous announcement)
– We will gradually implement measures to reach the target of benefits, including the improvement of product prices to reflect the impact of the increase in purchasing costs.
3. Interim dividend of 20 yen per share declared, year-end dividend expected to be 30 yen per share (annual dividend expected to be 50 yen per share)
– Regarding dividends, we plan about 3% in adjusted DOE(2) from the point of view of providing an appropriate return to shareholders in line with the level of shareholders’ equity and maintaining a good financial position to make further investments for growth.
– When we invest for growth, we will want to use our cash flow, and raise funds as flexibly as needed within a certain financial regulatory framework. A benchmark for using such an approximation is a D/E(3) ratio of about 0.3.
(1) H1: First half of the financial year (April-September)
(2) Adjusted DOE (Dividend On Equity ratio): Adjusted ratio of dividends to shareholders’ equity
(3) D/E Ratio (Debt to Equity Ratio): Debt to equity ratio, which was 0.1 at the end of the second quarter of fiscal 2025.
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Note: |
The above forecast of results is based on assumptions that Mitsubishi Electric currently believes to be reasonable, and actual results may differ materially from the forecasts. Please see the warning statement in the full text. |
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Investor Relations Questions
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Mitsubishi Electric Corporation
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Media Inquiries
Madoka Iwanaga
Public Relations Department
Mitsubishi Electric Corporation
Phone: +81-3-3218-2332
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www.MitsubishiElectric.com/news/
Source: Mitsubishi Electric Corporation
