Mitsubishi Electric Announces Consolidated Financial Results for the Third Quarter (First 9 Months) of Fiscal 2025

TOKYO--(BUSINESS WIRE)--February 04, 2025-- 

Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the third quarter (first 9 months), ended December 31, 2024, of the current fiscal year ending March 31, 2025 (fiscal 2025).

The full document on Mitsubishi Electric's financial results can be viewed at the following link:

www.MitsubishiElectric.com/news

Consolidated Financial Results

 
Billions of yen                         Q3 FY24  Q3 FY25      YoY 
-------------------------------------   -------  -------  ------------ 
Revenue                                 1,243.9  1,356.7  +112.8  109% 
Operating profit                           86.4    126.8   +40.3  147% 
%                                          7.0%     9.4%  +2.4pt     - 
Profit before income taxes                 89.2    167.8   +78.6  188% 
Net profit attributable to Mitsubishi 
 Electric Corp. stockholders               65.8    129.4   +63.5  197% 
--------------------------------------  -------  -------  ------  ---- 
 

Key Points

1. Q3(*1) FY25(*2) : Revenue Yen1,356.7 bn (+Yen112.8 bn YoY), Operating Profit Yen126.8 bn (+Yen40.3 bn YoY)

- Both revenue and operating profit achieved a new record high for Q3 due primarily to the impact of the weaker yen, increases in the Infrastructure and Life segments, and the partial share-transfer of MD LOGIS CORPORATION shares(*3) .

- Continuous efforts are being made to improve profitability in the Infrastructure segment, including improvements in contract terms for orders.

2. FY25 forecast: Revenue Yen5,400.0 bn (+Yen10.0 bn compared to the previous announcement), Operating Profit Yen400.0 bn (unchanged from the previous announcement)

- Due mainly to foreign exchange rates reconsidered in line with the weaker yen, revenue is expected to exceed the previous announcement.

- Mitsubishi Electric Group will steadily implement ongoing initiatives to improve profitability and efficiency in each business.

3. Q1-Q3 FY25: Free cash flow improved by Yen174.2 bn YoY

 
 
(*1)  Q3: Third quarter of the fiscal year (October--December) 
(*2)  FY25: April 1, 2024--March 31, 2025 
(*3)  As a result of the transaction, the company has recorded approximately 
      Yen24.0 bn as operating profit, Yen5.0 bn as market valuation of 
      investments accounted for using the equity method, and Yen29.0 bn as 
      profit before income taxes. 
 
 
 
Note:  The results forecast above is based on assumptions deemed reasonable by 
       Mitsubishi Electric at the present time, and actual results may differ 
       significantly from forecasts. Please refer to the cautionary statement 
       in the full document. 
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    CONTACT:    Investor Relations Inquiries 

Corporate IR&SR Division

Mitsubishi Electric Corporation

Cad.Irg@rk.MitsubishiElectric.co.jp

Media Inquiries

Madoka Iwanaga

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2332

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

(END) Dow Jones Newswires

February 04, 2025 01:45 ET (06:45 GMT)