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Revision to earnings forecasts6503Mitsubishi Electric CorporationElectric Appliances & Precision Instruments

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS]

The company published its consolidated results for the interim period of the fiscal year ending March 2027 and revised its full-year consolidated earnings forecast. The revised full-year forecast is net sales of ¥6.55 trillion, adjusted operating profit of ¥710 billion and net income attributable to owners of the parent of ¥465 billion. Separately, the company expects to record an impairment loss of approximately ¥100 billion related to its automotive equipment business.

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Revised forecast

Fiscal year ending March 2027 · Full year
Net Sales—→6,550,000million
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Operating profit—→710,000million (adjusted operating income)
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Profit attributable to owners of the parent—→465,000million
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Net income per share—→227.2Yen/sen
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The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Details and amount of extraordinary loss

An impairment loss of approximately ¥100 billion related to the automotive equipment business is expected to be recorded in the consolidated financial results for the fiscal year ending March 2027. During the interim period, special retirement payments of ¥10,426 million were recorded in other income (loss).

Previous-period resultsNet sales of ¥5.8947 trillion, adjusted operating profit of ¥501.2 billion, profit before income taxes of ¥526.0 billion, and net income attributable to owners of the parent of ¥407.7 billion
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesNot disclosed → ¥6,550,000 million
Operating profitNot disclosed → ¥710,000 million (adjusted operating income)
Profit attributable to owners of the parentNot disclosed → ¥465,000 million
Net income per shareNot disclosed → 227.20 Yen/sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Previous-period resultsNet sales of ¥5.8947 trillion, adjusted operating profit of ¥501.2 billion, profit before income taxes of ¥526.0 billion, and net income attributable to owners of the parent of ¥407.7 billion
Details and amount of extraordinary lossAn impairment loss of approximately ¥100 billion related to the automotive equipment business is expected to be recorded in the consolidated financial results for the fiscal year ending March 2027. During the interim period, special retirement payments of ¥10,426 million were recorded in other income (loss).
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Items this document does not state (3)
Ordinary incomePublication date of previous forecastReason for the revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The disclosure states that the full-year earnings forecast was revised, but the reasons for the revision from the previous forecast are not specified in the body of the document.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] | Mitsubishi Electric Corporation (6503) timely disclosure | Komori