trending Market Intelligence /marketintelligence/en/news-insights/trending/CF51okgVCyktTa8q9AMPrA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Mitsubishi Electric fiscal Q4 profit climbs YOY

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

OTT Helps To Offset Pay TV Losses for Video Security Vendors

Machine Learning and Credit Risk Modelling

Barclays Research – Now Available In The S&P Global Market Intelligence Aftermarket Research Collection


Mitsubishi Electric fiscal Q4 profit climbs YOY

Mitsubishi Electric Corp. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥27.64 per share, an increase from ¥26.57 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥59.34 billion, a gain from ¥57.04 billion in the prior-year period.

The normalized profit margin was 4.4%.

Total revenue totaled ¥1.340 trillion, compared with ¥1.342 trillion in the year-earlier period, and total operating expenses fell from the prior-year period to ¥1.224 trillion from ¥1.268 trillion.

Reported net income increased 52.1% year over year to ¥89.09 billion, or ¥41.50 per share, from ¥58.58 billion, or ¥27.29 per share.

For the year, the company's normalized net income totaled ¥87.80 per share, compared to EPS rose from ¥69.25 in the prior year.

Normalized net income was ¥188.49 billion, a gain from ¥148.67 billion in the prior year.

Full-year total revenue increased on an annual basis to ¥4.323 trillion from ¥4.069 trillion, and total operating expenses increased year over year to ¥4.005 trillion from ¥3.853 trillion.

The company said reported net income rose year over year to ¥234.69 billion, or ¥109.32 per share, in the full year, from ¥153.47 billion, or ¥71.49 per share.

As of June 26, US$1 was equivalent to ¥123.96.