Mitsubishi Electric Announces Results for the First Nine Months of Fiscal 2018

Veröffentlicht auf 06.02.2018
Mitsubishi Electric 
Mitsubishi Electric Corporation announced its consolidated financial results for the first 9 months and third quarter, ended December 31, 2017, of the current fiscal year ending March 31, 2018 (fiscal 2018).

1. Consolidated First 9 Months Results (April 1, 2017 - December 31, 2017)

Net sales: 3,115.0 billion yen (6% increase from the same period last year)

Operating income: 232.4 billion yen (32% increase from the same period last year)

Income before income taxes: 277.2 billion yen (41% increase from the same period last year)

Net income attributable to Mitsubishi Electric Corp.: 193.1 billion yen (43% increase from the same period last year)

In the first 9 months of fiscal 2018, from April through December 2017, the global economy saw a stable status in China, a buoyant expansion in the U.S. and gradual trends of recovery in Japan and Europe. In addition, the yen weakened against the U.S. dollar and the euro in and after May compared to the same period of the previous fiscal year, but became stronger against the U.S. dollar after the latter half of November.

Under these circumstances, consolidated net sales for the first 9 months of fiscal 2018 increased by 6% compared to the same period of the previous fiscal year to 3,115.0 billion yen due primarily to increased sales in the Energy and Electric Systems, Industrial Automation Systems, Electronic Devices and Home Appliances segments.

Consolidated operating income increased by 32% compared to the same period of the previous fiscal year to 232.4 billion yen, due to increased profits in the Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems and Electronic Devices segments.

Income before income taxes increased by 41% compared to the same period of the previous fiscal year to 277.2 billion yen, due primarily to an increased operating income, recording a gain from sales of investment securities in Renesas Electronics Corporation, and an improvement of exchange gains and losses.

Net income attributable to Mitsubishi Electric Corporation increased by 43% compared to the same period of the previous fiscal year to 193.1 billion yen.

2. Consolidated Third-quarter Results (October 1, 2017 - December 31, 2017)

Net sales: 1,038.6 billion yen (7% increase from the same period last year)

Operating income: 83.1 billion yen (54% increase from the same period last year)

Income before income taxes: 91.9 billion yen (27% increase from the same period last year)

Net income attributable to Mitsubishi Electric Corp.: 61.9 billion yen (32% increase from the same period last year)

Consolidated net sales for this quarter, from October through December 2017, was 1,038.6 billion yen, a 7% increase from the same period of the previous fiscal year, due to increased sales in all segments.

Consolidated operating income was 83.1 billion yen, an increase of 54% from the same period of the previous fiscal year, with increased profits in the Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices and Home appliances segments.

Income before income taxes increased by 27% compared to the same period of the previous fiscal year to 91.9 billion yen due primarily to an increased operating income despite a decrease of gain on foreign exchange in the same period of the previous fiscal year.

Net income attributable to Mitsubishi Electric Corporation increased by 32% compared to the same period of the previous fiscal year to 61.9 billion yen.

Forecast for Fiscal 2018 (year ending March 31, 2018)

As a result of the weaker yen as well as the growth expected in the Industrial Automation Systems segment in which it sees an increase in demand for capital expenditures mainly in Asia, the company’s consolidated earnings forecast for fiscal 2018, ending March 31, 2018, has been revised from the announcement on October 31, 2017 as stated below.




ENF Profile von in diesem Artikel genannten Unternehmen

Mitsubishi Electric (Solarwerkstoffe): https://de.enfsolar.com/mitsubishi-electric
Mitsubishi Electric (Solarmodule): https://de.enfsolar.com/mitsubishi-electric
Mitsubishi Electric (Solarteure): https://de.enfsolar.com/mitsubishi-electric
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