REG - Mitsubishi Corp. - Difference between Result for FY2017 and FY2018
RNS Number : 5088YMitsubishi Corporation09 May 2019Translation of report filed with the Tokyo Stock Exchange on May 9, 2019
Notice Concerning Differences between Consolidated Actual Results
for the Fiscal Years Ended March 31, 2018 and 2019
This notice serves to provide information on differences between consolidated actual results for the fiscal year ended March 31, 2018 and the fiscal year ended March 31, 2019.
Details are as follows.
1. Differences between Consolidated Actual Results for the fiscal year ended March 31, 2018 and the fiscal year ended March 31, 2019.
Revenues
Profit
before tax
Profit
for the year
Profit for the year
attributable to
Owners of the Parent
Profit for the year
attributable to
Owners of the Parent
per share (basic)
Actual Results for fiscal year ended March 31, 2018 (A)
Millions of Yen
7,567,394
Millions of Yen
812,722
Millions of Yen
610,416
Millions of Yen
560,173
Yen
353.27
Actual Results for fiscal year ended March 31, 2019 (B)
16,103,763
851,813
645,784
590,737
372.39
Difference (B-A)
8,536,369
39,091
35,368
30,564
19.12
Difference (%)
112.80%
4.81%
5.79%
5.46%
5.41%
2. Reasons for Differences
Differences between Consolidated Actual Results for the fiscal year ended March 31, 2018 and the fiscal year ended March 31, 2019
Revenues for the fiscal year ended March 31, 2019 were higher than those of the prior year due to the application of IFRS15 "Revenue from Contracts with Customers" and the resulting increase in transactions in which identified performance obligations are transfer of goods or services as principal and therefore revenue is recognized in the gross amount of consideration. The application of IFRS15 has no significant impact on Profit before tax and Profit for the year.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCSSWSUUFUSESI
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